THE BOURSE WHISPERER: Vimy Resources (ASX: VMY) has completed commercial scale pilot test work it claims to have confirmed ore beneficiation results for its Mulga Rock uranium project.
According to Vimy, scaled up commercial pilot test work has confirmed uranium mineralisation can be easily beneficiated to produce a highly-concentrated plant feed.
The company claimed the uranium grades it achieved from this ore beneficiation are 2.7 to 3.4 times greater than it had previously scored, with a mass rejection range of 65 to 72 per cent of run-of-mine ore achieved.
Uranium recoveries ranged from 95 to 96 per cent to final concentrate.
“Proving the ore beneficiation results at commercial scale, using a very simple but effective process to recover the uranium mineralisation, has given the team confidence in the beneficiating process route,” Vimy Resources managing director and CEO Mike Young said in the company’s announcement to the Australian Securities Exchange.
“This is truly outstanding work by our technical team and will significantly improve the already robust economics of the project.
“Reducing mill throughput by up to 72 per cent whilst recovering up to 96 per cent of the uranium is simply an exceptional result.”