Vimy Resources (ASX:VMY) assesses potential upside at Mulga Rock

Vimy Resources (ASX:VMY) assesses potential upside at Mulga Rock

CEO & Managing Director, Mike Young Vimy Resources (VMY) is reassessing the possibility of an ancillary base metals circuit at its Mulga Rock Uranium Project

Mulga is Australia’s largest advanced uranium project and is located in the Great Victoria Desert in WA

In the preliminary feasibility study, the company assessed the economics of a base metal plant to recover by-products from the tailing of the uranium plant

Low prevailing prices for those commodities led the subsequent definitive feasibility study to focus primarily on a stand-alone uranium project However, with several economies transitioning towards renewable energy, demand for battery materials has risen and pushed prices higher Vimy is aiming to complete the assessment on the potential upside of including a base metal plant at the project within the first half of 2021 Shares closed 1.14 per cent lower at 8.7 cents Vimy Resources (VMY) is reassessing the possibility […]

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