www.marenicaenergy.com.au
Marenica Energy's (ASX: MEY) strategy is to focus on the evaluation of the Marenica Project as well as to identify and acquire other uranium opportunities globally.
The Company's principal asset is the Marenica Uranium Project located in the uranium rich Damara Province in Namibia. The project covers 527sq km, with high prospectivity for both secondary and primary uranium deposits.
Marenica Energy appoints new director, updates Marenica Uranium project
International uranium company Marenica Energy (ASX:MEY) has appointed Gavin Becker, a metallurgist with over 35 years industry experience, as a non-executive director and updated progress at its Marenica Uranium project.
Becker has a track record in capital raisings and completion of a number of significant feasibility studies and has uranium experience from his time in South Africa (including Mintek) as well as in Australia (Yeelirrie Project).
He also managed WMC Resources' initial heap leach projects at St.Ives near Kambalda in WA, followed by Dominion Mining's Cosmo Howley operations in the Northern Territory, which produced Dominion's first gold using heap leach methods.
The Marenica uranium project consists of the Marenica deposit and surrounding exploration area totalling 527 square kilometres.
The Marenica deposits mineral resource estimate totals 227 million tonnes at 170ppm U3O8 comprises an Indicated Mineral Resource of 31Mt grading 175ppm U3O8 and an Inferred Mineral Resource of 196Mt grading 169ppm U3O8 for a combined total of 85 million pounds (39,000 tonnes) of contained U3O8.
The company said results from preliminary scoping work at the deposit conducted by SRK Consulting (UK) during the first half of 2010, clearly demonstrated that a large heap leach operation shows positive economics.
The beneficiation process is "the key driver in the next round of testwork, beneficiation prior to agglomeration and leaching will significantly enhance the project economics."
