Roca Honda Project — 2022 Technical Report

Figure 17-3: White Mesa Mill Flowsheet

This technical report describes the mineral processing design and historical metallurgical testwork proposed for the Roca Honda uranium project in McKinley County, New Mexico.

Report context

This technical report on the Roca Honda Project, located in McKinley County, New Mexico, USA, was prepared by SLR International Corporation for Energy Fuels Inc. The report carries an effective date of December 31, 2021, and a signature date of February 22, 2022 (SLR Project No: 138.02544.00006).

Processing route

Introduction

The mineral processing and metallurgical testing section of the report provides information on the mineralized sand zones and historical metallurgical testing, followed by conclusions and an opinion of adequacy (Section 13.0). The recovery methods section describes a proposed processing route that includes ore receiving, grinding, leaching, counter current decantation, solvent extraction, and precipitation, drying and packaging (Section 17.0).

Mineralized Sand Zones

Section 13.2 addresses mineralized sand zones at the project.

Historical Metallurgical Testing

Historical metallurgical testing is described in Section 13.3 of the report.

Proposed Recovery Methods

The proposed recovery methods are detailed in Section 17.0. Ore receiving is addressed in Section 17.2. Grinding is described in Section 17.3. Leaching is covered in Section 17.4. Counter current decantation is described in Section 17.5. Solvent extraction is described in Section 17.6. Precipitation, drying and packaging is described in Section 17.7. Mill upgrades are addressed in Section 17.8. Process design criteria are presented in Section 17.9.

Key reported parameters

Parameter Value / Description Basis
Report date Effective December 31, 2021; Signature February 22, 2022 Technical report
Project location McKinley County, New Mexico, USA Section 4.0
Processing testwork Historical metallurgical testing conducted Section 13.3
Proposed process steps Ore receiving, grinding, leaching, counter current decantation, solvent extraction, precipitation, drying and packaging Section 17.0 proposed design
Mill upgrades Addressed in report Section 17.8

Project website: https://www.energyfuels.com/roca-honda-project/

Technical qualifications

No mineral reserves are estimated in this report (Section 15.0). The mineral processing and metallurgical testing section relies on historical metallurgical testing data (Section 13.3) rather than new testwork. The processing route as described in Section 17.0 represents a proposed design, not actual operating data from a currently operating mill at this project. Process design criteria are presented in Section 17.9 without detailed numerical values specified in the available excerpt.

Source: Technical Report on the Roca Honda Project, McKinley County, New Mexico, USA, prepared by SLR International Corporation for Energy Fuels Inc., effective December 31, 2021.

Mineral processing basics

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