Global Atomic is set to break ground to excavate the box cut for Dasa’s uranium mine portal in Niger in the first quarter of 2022.
President and CEO Stephen G. Roman announced the plans and said that its local team in Niger has been moving forward with quotations for contractors to begin the initial work to open the mine. The Company is currently engaging in an internal review of key elements of the feasibility study (FS), which provides the company with the opportunity to audit key FS assumptions, ensure Dasa is an efficient and modern operation, and attain the highest level of project cost certainty.
Global Atomic added that its pilot test program and successful testing of Dasa ore at Orano Mining’s nearby Somaïr mill confirmed the process flow sheet and higher metal recoveries than carried in its April 2020, preliminary economic assessment for Dasa. In addition negotiations is ongoing with Orano Mining to finalize an agreement for direct shipment of ore to their Somaïr uranium mine in Arlit, Niger.
“Our review of the draft feasibility study has identified a number of opportunities to enhance the economics and operating cost profile of the Dasa project. We now anticipate a report filing in late Q4 2021, however, we remain on schedule to break ground in Q1 2022 to excavate the box cut and collar the portal in early Q2 2022 and then begin the development of the Dasa underground mine,” Mr. Stephen G. Roman commented.