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Global Atomic advances Dasa uranium project in Niger

The Toronto-based company is starting an optimized Preliminary Economic Assessment at Dasa

Global Atomic Corporation - Global Atomic advances Dasa uranium project in Niger
The company also noted improved zinc prices and steady-state production achieved at the new BST plant in Turkey

Global Atomic Corporation (TSE:GLO) (OTCMKTS:GLATF) on Wednesday provided an update on the Dasa Uranium Project in the Republic of Niger and on the BST Joint Venture Zinc Project in Turkey.

The Toronto-based company said the Dasa project in advancing as it begins an optimized Preliminary Economic Assessment (PEA) at the site.

Highlights include:

  • Dasa trade-off studies completed during 2019 have led to the compilation of an optimized PEA by CSA Global Pty Ltd, incorporating the high value Flank Zone with a Phase 1 mining plan to be completed in 1Q 2020.
  • The optimized PEA will form the basis of an NI 43-101, Final Technical Report, to be submitted to the Government of Niger in Q4, 2020, in support of the application for the Dasa mining permit.
  • The 2020 work program currently underway includes further metallurgical test work, an Environmental Impact Statement (EIS), and hydrogeological studies for inclusion in the Final Technical Report.
  • Improved zinc prices and steady-state production achieved at the new BST plant in Turkey
READ: Global Atomic highlights net income in 3Q results following expansion of Turkish zinc plant

“We are pleased with the feasibility study progress at Dasa,” said Global Atomic CEO Stephen Roman in a statement.

“The Flank Zone has been a game changer for our initial Phase 1 mining plan. With high grades of 0.5%, we envision a small tonnage ramp access mine in the Flank Zone, that will produce a meaningful amount of uranium with low Capex and Opex. Should uranium prices improve and demand increase, the Dasa Mine and processing facilities can be scaled up to generate higher throughputs.”

He added: “Furthermore, we are pleased at the performance of the new BST plant in Turkey that continues to operate well and will provide a valuable source of cash flow for the company going forward.”

Contact the author: [email protected]

Follow him on Twitter @PatrickMGraham

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Global Atomic progresses with feasibility study at uranium project in Niger

Global Atomic Corporation (TSE:GLO) chief executive Stephen Roman met Proactive's Andrew Scott at Mines & Money London 2019.     The company has two assets: a zinc concentrate plant in Turkey and a high-grade uranium project in Niger. The latter is still undergoing a...

on 26/11/19

2 min read