Husab uranium project reserves increase

The Economist reports Extract Resources’ (ASX:EXT) Husab uranium project reserves increase.

The market news is quoted as saying:

According to the Australian-based company, the increase in reserves means an extended mine-life of about 20 years, based on the project’s definitive feasibility study, which set out a 15 million tonnes of ore per annum processing operation. Together with a 4% increase in forecast grade to 518 parts per million, total contained uranium has increased by 42%. The increase in grade is also expected to lead to an increase in process recovery.

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