Positive Results from Feasibility Study Testwork for Muntanga Project
Main Deposits of Muntanga and Dibbwi East Show Recoveries of 90% or Better
Project Benefits from Low Acid Consumption
Vancouver, British Columbia–(Newsfile Corp. – October 16, 2024) – GoviEx Uranium Inc. (TSXV: GXU) (OTCQX: GVXXF) (“GoviEx” or “Company”) is pleased to announce positive results from the Feasibility Study testwork undertaken in 2024 for its Muntanga Project. The Company has completed an extensive metallurgical test work program at Mintek, South Africa under the supervision of SGS Bateman Pty Limited and SRK Consulting (UK) Limited.
The detailed test work program conducted during 2024 has validated previous work and shown that the main deposits of Muntanga and Dibbwi East have recoveries of 90% or better. This is a significant achievement for the project, as it indicates the potential for high levels of uranium extraction.
Furthermore, the project benefits from low acid consumption, which is a crucial factor in reducing operational costs and environmental impact. This will not only streamline production processes but also make the project more sustainable in the long run.
Overall, the positive results from the Feasibility Study testwork are a promising sign for the Muntanga Project. With high recoveries and low acid consumption, the project is well-positioned for success in the future.
How Will This Affect Me?
As a consumer, the positive results from the Feasibility Study testwork for the Muntanga Project could potentially have an impact on the availability and pricing of uranium in the market. If the project is successful in achieving high recoveries and reducing operational costs, it may lead to a more stable supply of uranium for various industries that rely on this resource.
How Will This Affect the World?
The positive results from the Feasibility Study testwork for the Muntanga Project could have broader implications for the world, particularly in terms of sustainable energy production. Uranium is a key component in nuclear energy generation, which is considered a cleaner alternative to fossil fuels. If the project is able to produce uranium with high recoveries and low acid consumption, it could contribute to the growth of nuclear power as a more environmentally friendly energy source.
Conclusion
The Feasibility Study testwork results for the Muntanga Project are a significant milestone for GoviEx Uranium Inc. With high recoveries, low acid consumption, and promising potential for sustainable production, the project is well-positioned to make a positive impact on the market and the world at large.
