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Background

Paladin has a 100% interest in the Manyingee Project which is a sandstone hosted uranium project consisting of 41Mlb U3O8 across two deposits. A field leach trial (FLT) was conducted at the Manyingee deposit in 1985 and successfully showed the deposit is amenable to extraction by in-situ recovery (ISR) however development didn't proceed at the time due to the depressed uranium market.

Paladin believes Manyingee can be developed into an in-situ recovery (ISR) uranium mining operation over a period of four to five years. An internal scoping study set out steps towards development including further resource drilling, environmental studies, hydrogeological data collection and interpretation and metallurgical testwork culminating in a FLT. The FLT will use modern ISR technology and provide the necessary inputs for a feasibility study that will be used for a final investment decision. Production of between 15-20Mlb U3O8 is targeted over a mine life of more than 10 years.

The Manyingee Project is located in the northwest of Western Australia. The Manyingee resource is located 85km inland from the coastal township of Onslow and is coincident with three Mining Leases. The Carley Bore tenements are located 180km SSE of Exmouth. Access to both areas is along cattle station tracks either from the sealed North West Coastal Highway or Shire maintained gravel roads. Natural gas pipelines are located in close proximity to the eastern side of both the Manyingee and Carley Bore resources. The Project is serviced by Paladin’s Perth office.
 

View the Manyingee Project Brochure

Latest prices

ASX A$ 0.20

Latest Prices

TradeTech U3O8 spot US$28.85/lb
TradeTech U3O8 long term US$31.00/lb

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