Behre Dolbear prepared a scoping study that evaluated the extraction of uranium by both in-situ recovery (ISR) and conventional underground techniques.
The study concluded that the exploitation of Strathmore’s Church Rock uranium resource is most economic using ISR methods.
While the study presented several uranium price points and discount rate scenarios, using a pre-tax discount rate of 8% and uranium sales prices from $65/lb to $80/lb, the net present value (NPV) varied from $51m to $90m.
Strathmore said that the completion of this scoping study and its positive conclusion determining the viability of ISR mining will allow for the eventual preparation of a full feasibility study.
In the months ahead, Strathmore will review its options for initiating an effective permitting and development plan for the Church Rock resource.
