Low environmental impact ISR mining, also called Insitu Leach (ISL) or Solution Mining, uses an alkaline or acid “lixiviant“ solution*, injected & extracted using a series wells to leach subterranean ores.
After the lixiviant is injected, the uranium-bearing solution is pumped to the surface & recovered in a processing plant. Uranium pregnant solution from production wells is pumped or trucked to a treatment plant where uranium is recovered typically using resin/polymer ion exchange (IX) or solvent extraction (SX). Clean water is reinjected.
* Alkaline leach & IX recovery are generally considered to be more environmentally friendly
Due diligence on Logray and the properties has now been completed and the company expects settlement of the acquisition to take place during the first week of June, following a general meeting on May 27.
GTI Resources Ltd (ASX:GTR)’s Bruce Lane speaks to preparations for roughly 100,000 feet of drilling at the company’s in-situ recovery (ISR) uranium projects in Wyoming’s Great Divide Basin. Around 40,000 feet of follow-up drilling will commence in July at the Thor project in the northeast corner before maiden drilling kicks off at the nearby Wicket, Teebo, Odin and Loki projects.
GTI Resources Ltd (ASX:GTR) is offloading its non-uranium assets, one of which is the Kookynie Gold Project to be acquired by Regener8 Resources during that company’s listing to the ASX.
Regener8 has made a priority offer to GTR shareholders in tandem with the lodging of a prospectus with ASIC to raise up to $5.5 million for its initial public offering (IPO).
GTI Resources is divesting non-core assets to focus on its highly prospective uranium assets in the US while retaining a material shareholding and board representation in a well-funded entity (Regerner8) focused on gold exploration in Western Australia.
GTI Resources Ltd (ASX:GTR) will pick up nearly 14,000 acres worth of contiguous ISR uranium exploration claims in Wyoming’s Great Divide Basin.
The claims neighbour mining stalwart Rio Tinto’s uranium properties and will increase GTI’s landholding in the region to around 35,000 acres.
To support its endeavours in the uranium basin, GTI intends to raise A$5 million via a placement.