Lance is one of the largest US-based uranium projects, with a 53.6M lbs U3O8 JORC (2012) compliant resource base. The Project commenced commercial operations in 2015.
Commercial operations were suspended in 2019 to allow the on-site team to focus on preparing for a transformation of the process chemistry applications to low pH in-situ recovery (ISR). In 2019 and 2020 the Strata team successfully obtained all the necessary amendments to its regulatory authorisations to allow Lance to operate using a low pH ISR process in addition to the originally authorised alkaline ISR process. Lance is the only US uranium project authorised to use the industry leading, low-cost, low pH ISR process. |