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Manyingee - Australia

ASX share price PDN A$0.09

TradeTech U3O8: Spot US$24.25/lb | long term US$31.00/lb

Exploration

Advanced Exploration

Total Resources 41Mlb
  • Three mining licences covering 1,307ha
  • Over US$17.9M of exploration and testing to date including 55,764m of cumulative drilling and field leach trial
  • Potential for 1-2Mlbpa ISR mine

 

Paladin has a 100% interest in the Manyingee Project, located in the northwest of Western Australia. The Manyingee Project which is a sandstone hosted uranium project consisting of 41Mlb 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 is targeted over a mine life of more than 10 years.

The Manyingee resource is located 85km inland from the coastal township of Onslow and is coincident with three Mining Leases. 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.

View the Manyingee Project brochure

MINERAL RESOURCES

Ore Reserves Mt Grade ppm 
U3O8
Mlb 
U3O8
Indicated      
Carley Bore 5.4 420 5.0
Manyingee 8.4 850 15.7
Inferred      
Carley Bore 17.4 280 10.6
Manyingee 5.4 850 10.2
Total Manyingee Project 36.6 510 41.5

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