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Black Range Minerals shares up 31.25%

Black Range Minerals shares up 31.25%


Black Range Minerals (ASX: BLR) has recorded a 31.25% increase in its shares yesterday to $0.021 with 79.4 million shares trading hands.

This follows on a 23% increase to $0.016 with 29.8 million shares traded on Monday.

Black Range had in January reported uranium recoveries in excess of 99% from samples of mineralisation from its Hansen Deposit in Colorado.

This was due to the use of a modified Ablation processing circuit, giving the company the confidence the purely physical process would be able to produce a high value concentrate from the 90.9 million pound Hansen/Taylor Ranch Uranium Project.

A semi-commercial scale unit capable of processing 5 tonnes per hour is scheduled for completion in April and deployed for field operations in May.

This will enable advanced on-site testing prior to full-scale operations.


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December 18 2012

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