The company anticipates that three months will be required to complete the initial wellfield. Then construction of the wellfield piping and electrical distribution will commence to tie the PAA-1 wellfield to Palangana’s ion-exchange satellite facility, which will be constructed during this same period.
At this time the company has also initiated development and drilling of a non-hazardous disposal well to be active when the Palangana project commences operations scheduled for the fourth quarter of this year. The disposal well will be drilled to approximately 6,300ft and is expected to require 60 days to complete.
Harry Anthony, chief operating officer of Uranium Energy, said: “We are delighted that the construction and development work has now commenced at Palangana. Development is active presently with two production rigs, plus the very large rig coming in to drill the disposal well.
“Having supervised ISR production here in the 1970’s, I can say that it is great to actively start realizing the very significant potential at Palangana.”
Clyde Yancey, vice president of exploration at Uranium Energy, said: “Concurrently, drilling to increase the resource along a new 4.5-mile trend developed by our chief geologist, Andy Kurrus, is advancing with two active rigs performing exploration and delineation drilling.
“We expect to be reporting new drill results from the latest round of exploration activities from this program very shortly. We will also be reevaluating areas of the property where our geologists have now remapped the faults and trends from previous drill programs.”
