| Company | Uranium Energy Corporation |
| Date | April 2014 |
| Region | Uravan Mineral Belt, Colorado, USA |
| Commodities | Uranium |
| Status | Preliminary Economic Assessment |
Executive Summary
This 2014 Preliminary Economic Assessment (PEA) for the Slick Rock Project outlines a strategy centered on the sale of mineralized material to the White Mesa mill in Blanding, Utah, rather than on-site processing. The project is located within the Uravan Mineral Belt, an area with a 50-year history of successful uranium and vanadium processing. As of April 2014, the White Mesa mill was processing alternative feeds, but management confirmed willingness to resume run-of-mine processing and toll milling agreements if uranium prices warranted it.
A significant risk identified is the potential refusal of the White Mesa mill to accept run-of-mine material. In such a scenario, on-site mineral processing would be required. The report recommends evaluating alternative recovery methods, specifically vat or heap leaching, which have been practiced successfully in the Uravan Mineral Belt historically. These methods could produce intermediate products like concentrated liquor or loaded resin for shipment to other facilities.
The project benefits from its proximity to a DOE Legacy site, which serves as the permanent repository for former Slick Rock mill tailings. This site was selected based on US NRC criteria for long-term disposal and isolation. Siting a new uranium processing facility in this similar geographic and geologic setting could facilitate the licensing process by referencing past studies and evaluations regarding engineering and environmental studies.
Website: https://anfieldenergy.com/slick-rock-project-2/
Report Date: April 2014
Region: Uravan Mineral Belt, Colorado, USA
Project Status: Preliminary Economic Assessment
Commodity: Uranium
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