Economy

Canadian firm, GoviEx, says four tonnes of uranium ore samples delivered to Copperbelt University for tests

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GoviEx Uranium, a Canadian firm, has delivered over four tonnes of uranium ore samples to the Copperbelt University where confirmatory metallurgical test are ongoing for its project in Zambia.

This will be used to support the feasibility study process design and costing, says Company Chief Executive Officer, Daniel Major in a statement issued on Wednesday.

Major announced that, following a successful drilling programme in 2022 on its Muntanga uranium project in Zambia, the company would expand the scope of the feasibility study for the project to include detailed engineering and design.

“With the updated mineral resource due in the coming weeks and metallurgical test work underway, GoviEx has appointed Ukwazi Site Services (project manager and mining), SGS Bateman (process design) and SRK UK (power, hydrogeology and heap leach design) as the project team to undertake the Feasibility Study for the Muntanga Project, targeting 2024 for completion.

“These firms will provide specialised expertise and guidance will help ensure that the final design and development of the Muntanga Project are optimized for efficiency, safety, and sustainability, and ensure that GoviEx’s commitments to ESG are included in the Study,” he said.

Read more: Why Nuclear power generation is not ideal for Zambia’s future power generation by Engineer Bornface Zulu

Muntanga’s anticipated output is forecast to be 2.5 million pounds per annum, with Madaouela’s Project in Niger forecast to produce 2.6 million pounds per annum.

According to Major, the company’s continued progress on the Muntanga uranium project reflected its commitment to responsible and sustainable development in Africa.

“With the completion of our ESIA and Feasibility Study planned for 2024, we are well positioned to advance this project towards near term production and to become a significant contributor to the global uranium market.

“We are excited about the potential of the Muntanga Project and the positive impact that it will have on our stakeholders and the local community,” he stated.

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