The La Sal Project is an existing complex comprised of seven individual underground uranium mines and properties. From east to west, these are Pine Ridge (reclaimed mine), Pandora Mine, Snowball Mine, La Sal Decline, Beaver Shaft, Redd Block IV (property), and the Energy Queen Mine.
Following the end of commercial mining at the Project in October 2012, the Project was placed on care and maintenance. In 2018 the La Sal, Beaver, and Pandora portions of the Complex were reopened and rehabilitated as part of a test mining program. In May 2019 the Project was placed back into care and maintenance mode.
During Q1-2023, the Company plans to finish rehabilitation work started during the test mining program in 2019. This additional work will make the La Sal Project “mine ready” should market conditions warrant reopening of the mine.
The La Sal Project has a proposed Life of Mine production period of 7 years. |