- Fission Uranium (TSX:FCU) reveals it has completed the front-end engineering design at its PLS uranium project in the Athabasca Basin in Saskatchewan
- Completion includes all geotechnical drilling for the tailings management facility and underground mine access
- The company is now transitioning into the detailed design phase
- Shares of Fission Uranium are down 3.65 per cent to C$0.925 as of 11:18 am ET
Fission Uranium (TSX:FCU) reveals it has completed the front-end engineering design (FEED) at its PLS uranium project in the Athabasca Basin in Saskatchewan and has officially begun the engineering phase.
In a news release, the company stated completion includes all geotechnical drilling for the tailings management facility and underground mine access.
“The completion of the FEED further derisks the project and is a critical step on the pathway to production,” Ross McElroy, CEO of Fission Uranium, said in a statement. “Completion of FEED brings the engineering to the level required to support the CNSC application to prepare site and construct a mine or mill.”
McElroy added that in addition to the company now fully transitioning into the detailed design phase, Fission Uranium’s previous drilling at the R1515W zone should allow the company to integrate the high-grade zone into its overall mine plan.
“Fission has submitted a revised draft EIS to the province, and a ministerial decision is expected in Q4 of this year,” McElroy added.
Completion of the FEED includes Fission updating the processing plant design and underground mine design, including ventilation shafts and tunnel design through the overburden.
According to a previous feasibility study, the mine design has now been optimized and updated to take into account the latest innovations in uranium processing and mine development techniques.
With the completion of FEED, Fission Uranium is now transitioning into the detailed design phase of engineering. Once a lead engineering consultant has been chosen, the detailed design phase will include tunnel development through overburden using tunnel boring technology, ventilation shaft development through overburden using diaphragm wall technology, and mineral processing using state-of-the-art automation and design concepts.
Fission Uranium isa resource issuer specializing in uranium exploration and development in Saskatchewan’s Athabasca Basin. The PLS project is host to the Triple R deposit, a high-grade and near-surface uranium deposit, that occurs within 3.18 kilometres of a mineralized trend along the Patterson Lake Conductive Corridor.
Shares of Fission Uranium Corp. (TSX:FCU) are down 3.65 per cent to C$0.925 as of 11:18 am ET.
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(Top photo: Fission Uranium)