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United States

Hansen (Tallahassee Uranium) Project

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Categories

Summary

Mine TypeSurface
Study CompletedPreliminary Economic Assessment
Commodities
  • Uranium
Mining Method
  • Jet Boring
  • Borehole mining (SABRE)
Mine Life... Lock
SnapshotIn May 2025, Global Uranium released a Scoping Study on the Hansen Deposit at the Tallahassee Uranium Project, outlining a compelling development pathway.

The Hansen Project is the largest and highest-grade deposit within the Tallahassee Creek Uranium District, which is perhaps one of the largest undeveloped uranium resources in the United States.

The Study confirmed there are no federal, state, or local regulatory barriers to development, further strengthening the project's profile.

ROM ore would be subjected to on-site beneficiation prior to shipment to an offsite mill.

Global Uranium will continue to de-risk and advance the project through targeted technical programs. These include further test work, refinement of mining parameters, metallurgical recovery assessments, and geotechnical studies. Together, these activities will progress Project toward potential development as a cornerstone asset within Global Uranium's US portfolio.

Owners

SourceSource
CompanyInterestOwnership
Global Uranium and Enrichment Ltd. 51 % Indirect
Global Uranium, through its wholly owned subsidiary Tallahassee Resources Pty Ltd, holds a 51% interest in the Hansen Uranium Project. The remaining 49% interest in the Hansen project is held by other parties.

Contractors

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Deposit type

  • Sandstone hosted

Summary:

The geological history of the Tallahassee Creek area conforms to the general understanding of the regional and local geology. The Precambrian is extensively faulted into north-south trending horst and graben blocks. These fault blocks appear to have controlled not only the past position of meandering streams, but all subsequent streams. The present site of Tallahassee Creek and its valley appears to reflect the old drainage system at the time of Echo Park deposition.

A widespread bentonitic clay layer hydraulically separates the Echo Park Formation from the overlying sediments. Uranium mineralization across the Tallahassee Uranium District is found in the conglomerates of the Echo Park and Tallahassee Creek Formations. Continuity of mineralization is strong along the long axis of the Project, but less so in the perpendicular direction. Toward the edge of the deposits, mineralization becomes thin and grade decreases. To date, five mineralized deposits have been identified. From northwest to southeast, they are the Noah, northwest Taylor, Boyer, Hansen, and Picnic Tree deposits. The largest is the Hansen deposit.

Deposit Type and Mineralization
The deposits that make up the Project are tabular sandstones associated with redox interfaces. The mineralization is hosted in Tertiary sandstones and/or clay bearing conglomerates within an extinct braided stream, fluvial system or paleochannel. Mineralization occurred post sediment deposition when oxygenated uraniferous groundwater moving through the host rocks came into contact with redoxinterfaces, the resultant chemical change caused the precipitation of uranium minerals. In parts of the project the paleochannel has been covered by Tertiary volcanic rocks and throughout the Project basement consists of Precambrian plutonic and metamorphic rocks. The volcanic and Precambrian rocks are believed to be contributing sources of the uranium.

Uranium mineralization is found in two forms. A large portion of mineralization is found in the interstitial spaces of the sandstones, strongly associated with naturally occurring organic materials co-located with the uranium. In addition, and related chemically, uranium is found in a patina coating on individual grains of sand.

Reserves

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Mining Methods

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Required Heavy Mobile Equipment

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Comminution

Crushers and Mills

Milling equipment has not been reported.

Processing

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Commodity Production

Mining target of 15.2M lbs U3O8 contained in 5.7M tonnes averaging 0.12% U3O8 of which 12.9M lbs will be produced after High Pressure Slurry Ablation (HPSA). High Pressure Slurry Ablation (HPSA) produce an average grade of 0.68% to prior to delivery to the mill for of U3O8 production.
CommodityProductUnitsAvg. AnnualLOM
Uranium U3O8 M lbs 1.8 *13 *
U3O8 lbs 0 *
* According to 2025 study.

Operational metrics

Metrics
Ore tonnes mined, LOM  ....  Subscribe
Tonnes processed, LOM  ....  Subscribe
* According to 2025 study.

Production Costs

CommodityUnitsAverage
Total cash costs U3O8 USD  ....  Subscribe
Assumed price U3O8 USD  ....  Subscribe
* According to 2025 study / presentation.

Project Costs

MetricsUnitsLOM Total
Initial CapEx $M USD  ......  Subscribe
Sustaining CapEx $M USD  ......  Subscribe
Total CapEx $M USD  ......  Subscribe
UG OpEx $M USD  ......  Subscribe
Processing OpEx $M USD 275.3
Backfill costs $M USD  ......  Subscribe
Transportation (haulage) costs $M USD 89.2
G&A costs $M USD 9.1
Total OpEx $M USD  ......  Subscribe
Mining Taxes $M USD  ......  Subscribe
Total Taxes $M USD  ......  Subscribe
Royalty payments $M USD  ......  Subscribe
Gross revenue (LOM) $M USD  ......  Subscribe
Net revenue (LOM) $M USD  ......  Subscribe
Pre-tax Cash Flow (LOM) $M USD  ......  Subscribe
Pre-tax NPV @ 5% $M USD  ......  Subscribe
Pre-tax NPV @ 10% $M USD  ......  Subscribe
Pre-tax NPV @ 8% $M USD  ......  Subscribe
Pre-tax IRR, %  ......  Subscribe

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Jan 15, 2025
....................... Subscription required ....................... Subscription required Subscription required Jan 15, 2025

Workforce

Aerial view:

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