ENERGY Resources of Australia (ERA) has formally applied for statutory approval of an underground exploration decline at its Ranger operations.
ERA announced the discovery of a significant ore body in an area known as Ranger 3 Deeps, located near their current Ranger 3 operating pit.
The company’s current Mineral Resource Statement includes a total of 34 thousand tonnes of uranium oxide from the Ranger 3 Deeps zone or related to Ranger 3 Deeps.
ERA has approved $4 million to study the feasibility of constructing an exploration decline at Ranger 3 Deeps, to enable close spaced underground exploration drilling of the resource and to undertake underground exploration drilling to the north where the resource remains open.
The study is expected to take place in late 2009.
Subject to receiving the necessary approvals, construction of the exploration decline may commence in the first half of 2010.
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