- In its latest unaudited quarterly update, uranium producer Energy Resources of Australia (ERA) says it produced 390 tonnes of uranium oxide in the December quarter
- This is a slight one per cent increase from the 386 tonnes produced in the September 2020 quarter
- For the full year, it produced 1574 tonnes of uranium oxide, which was at the upper end of its full-year production guidance
- Throughout the quarter, ERA continued progressive rehabilitation of the Ranger Project Area in the Northern Territory
- The transfer of tailings from the tailings storage facility (TSF) to Pit 3 continues, with dredging work expected to be completed later in the month
- Unfortunately, no exploration or evaluation was undertaken at the Ranger 3 Deeps project
- With processing activities wrapping up on January 8, potential development using the existing infrastructure becomes challenging
- ERA is down 3.17 per cent on the market and shares are currently trading at 30.5 cents
In its latest unaudited quarterly update, uranium producer Energy Resources of Australia (ERA) says it produced 390 tonnes of uranium oxide in the December quarter.
This is a slight 1 per cent increase from the 386 tonnes produced in the September 2020 quarter.
For the full year, it produced 1574 tonnes of uranium oxide, which was at the upper end of its full-year production guidance.
Ore milled was up 2 per cent from the September quarter to 636,000 tonnes, while mill recovery was also up 4 per cent to 86.6 per cent.
ERA credits these increases to favourable extraction characteristics and higher plant use.
The grade of the mill echoes the September quarter’s 0.07 per cent grade.
Ranger Project Area
Throughout the quarter, ERA continued progressive rehabilitation of the Ranger Project Area in the Northern Territory.
Transfer of tailings from the tailing storage facility (TSF) to Pit 3 is continuing with dredging work expected to be complete later in the month.
Floor cleaning will occur throughout 1H FY21 and other activities such as water treatment and revegetation will occur in due course.
Exploration and evaluation
No exploration or evaluation was undertaken throughout the quarter, similar to the September quarter.
Due to the current market conditions arising from COVID-19, ERA maintains the Ranger 3 Deeps project remains uneconomic.
Additionally, with processing activities wrapping-up on January 8, potential development using the existing infrastructure becomes challenging.
Currently, no work is being carried out at the project.
ERA is down 3.17 per cent on the market and shares are trading at 30.5 cents at 2:42 pm AEDT.