An initial scoping study for the Salamanca 1 uranium project indicates robust economics, at an initial production rate of around 1.5 million pounds of U3O8 per annum.
The initial production rate is expected to grow as Berkeley’s additional 100% resource areas are developed into the project.
Salamanca 1 will be developed as a stand-alone project which will be completely independent, simplifying progress to construction and operation, because licensing and permitting processes will proceed through the Regional Government of Castilla y Leon.
In July, the firm has commenced a 10,000m program of RC drilling at Retortillo, with the aim of upgrading all inferred resources to the indicated category, and it is expecting the final resource estimates for the Retortillo and Santidad deposits in late November.
