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Hathor says Roughrider Could be Among Lowest Cost Uranium Producers
Sep. 13, 2011 10:43AM PST
Energy Investing
Reuters Africa reported on Hathor Exploration’s (TSE:HAT) preliminary economic assessment of its Roughrider uranium deposit showed to be one of the lowest cost uranium producers in the world.
Reuters Africa reported on Hathor Exploration’s (TSX:HAT) preliminary economic assessment of its Roughrider uranium deposit showed to be one of the lowest cost uranium producers in the world.
The market news is quoted as saying:
The junior uranium company is the target of a hostile bid from Canada’s top uranium miner Cameco Corp and at stake is the Roughrider deposit, an exploration stage uranium project near Cameco’s Rabbit Lake mill in Northern Saskatchewan.
Low daily milling rate of about 200 tonnes per day, high metallurgical recovery and shallow depth will keep production costs low, Hathor said in a statement.
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