A scoping study for the eight-million-tonne-a-year Etango uranium project, in Namibia, has shown that the project would have a mine life of some 14 years.
Owner Bannerman Resources on Wednesday reported that the scoping study estimated a life-of-mine production of 51.5-million pounds of uranium oxide, with average annual production of 3.5-million pounds.
The project is expected to require a capital investment of $254-million, delivering an up-front capital intensity of around $71/lb.