Husab Uranium Project - EPL 3138

 uranium mine  Add category

 Upload a photo

This is EPL 3138 of the Husab Uranium Project. Swakop Uranium's Husab mine which will open pit mine Zone 1 and Zone 2 is the second largest uranium only mine in the world. The Project area contains primary uranium mineralisation hosted in uraniferous leucocratic granites (alaskites) within the highly prospective Central Zone of the Damara Orogeny. The mineralised
alaskites tend to occur along or proximal to the unconformity contact between the Khan Formation
and the Rössing Formation.

Swakop Uranium is constructing and developing a world-class uranium mine, called the Husab mine, near the town of Swakopmund in the Erongo region in western-central Namibia. Once in full production, Husab, which has the potential to produce 15 million pounds (6 800 tonnes) of uranium oxide per annum, will be the second-largest uranium mine in the world (the world’s largest uranium mine, McArthur River in Canada, can produce up to 18 million pounds per annum).

The Husab mine’s potential production is more than the total current uranium production of Namibia and will elevate Namibia past Niger, Australia and Canada to the second rung on the world ladder of uranium producers, behind only Kazakhstan.

The 8 km uranium mineralisation on the Swakop Uranium Exclusive Prospecting Licence (EPL) area has been confirmed as the highest-grade, granite-hosted uranium deposit in Namibia and one of the world’s most significant discoveries in decades. Based on the Definitive Feasibility Study (DFS) for the project, Husab is being developed as a low-risk, conventional, large-scale load-and haul open pit mine, feeding ore to a conventional agitated acid leach process plant. The mine has a potential life of more than 20 years. There are further opportunities to increase the reserve base by adding the defined resources at Zones 3 to 5, and through building on promising exploration results.

The Husab project has defined indicated mineral resources of 241Mt at 480ppm for 257Mlbs U3O8 at Zones 1 and 2, and inferred mineral resources of 125Mt at 400ppm for 110Mlbs U3O8 at Zones 1, 2, 3 and 4. The Company has defined further 5 resources at the Ida Dome deposits, approximately 20 kilometres south of Zone 2.