EDITOR: | February 11th, 2014

Black Range Minerals Limited: Third Party Plans to Utilise Ablation to Develop Its 122m LB Uranium Project In Niger

| February 11, 2014 | No Comments
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February 11, 2014 (Source: Black Range Minerals) — Black Range Minerals Limited (“Black Range” or the “Company”) is very pleased to provide a further update on its progress with the commercialisation of the proprietary Ablation technology (“Ablation”). Black  Range  holds  a 50%  interest  in  the  application  of  Ablation  at mineral deposits, globally, through a 50:50 joint venture with Ablation Technologies LLC (the “Ablation JV”).

It is anticipated that Ablation will have a very positive effect on the economics of developing not only the Company’s 100% controlled Hansen/Taylor Ranch Uranium Project in the USA, but also many other sandstone-hosted uranium deposits around the world (see below).

GoviEx  Plans  To  Utilise  Ablation  at  its  Madaouela  Project  in Niger

During the past few months the Ablation JV has undertaken extensive testwork  on  the  amenability  of  ore  from  GoviEx  Uranium  Inc.’s (“GoviEx”)  Madaouela  Project  in  Niger  to  Ablation.  The  Madaouela Project comprises a series of sandstone-hosted uranium deposits that contain Canadian National Instrument 43-101 (NI 43-101) mineral resources of 39.7 Mt at 0.14% eU3O8, for a total of 122.3 million lbs of U3O8.

The Ablation testwork was overseen by the independent international consulting company, SRK Consulting (UK) (“SRK”). SRK subsequently prepared a NI 43-101 Technical Report for GoviEx on the proposed development of the Madaouela Project.

Black Range is very pleased to advise that GoviEx recently issued a letter to its shareholders advising that the preferred development plan for the Madaouela Project includes the use of Ablation (see http://www.goviex.com). GoviEx’s development plan envisages annual production at an average rate of 2.53Mlb of U3O8 per annum, with life of mine production of 45.6Mlb of U3O8 over 18 years.

The Ablation JV is extremely pleased that an independent third party has publicly acknowledged the considerable benefits that Ablation affords the conventional uranium mining industry, and continues to be very encouraged that Ablation can be commercialised in the near-term.

Black Range Minerals Limited (“Black Range” or the “Company”) is very pleased to provide a further update on its progress with the commercialisation of the proprietary Ablation technology (“Ablation”). Black  Range  holds  a 50%  interest  in  the  application  of  Ablation  at mineral deposits, globally, through a 50:50 joint venture with Ablation Technologies LLC (the “Ablation JV”).

It is anticipated that Ablation will have a very positive effect on the economics of developing not only the Company’s 100% controlled Hansen/Taylor Ranch Uranium Project in the USA, but also many other sandstone-hosted uranium deposits around the world (see below).

GoviEx  Plans  To  Utilise  Ablation  at  its  Madaouela  Project  in Niger

During the past few months the Ablation JV has undertaken extensive testwork  on  the  amenability  of  ore  from  GoviEx  Uranium  Inc.’s (“GoviEx”)  Madaouela  Project  in  Niger  to  Ablation.  The  Madaouela Project comprises a series of sandstone-hosted uranium deposits that contain Canadian National Instrument 43-101 (NI 43-101) mineral resources of 39.7 Mt at 0.14% eU3O8, for a total of 122.3 million lbs of U3O8.

The Ablation testwork was overseen by the independent international consulting company, SRK Consulting (UK) (“SRK”). SRK subsequently prepared a NI 43-101 Technical Report for GoviEx on the proposed development of the Madaouela Project.

Black Range is very pleased to advise that GoviEx recently issued a letter to its shareholders advising that the preferred development plan for the Madaouela Project includes the use of Ablation (see http://www.goviex.com). GoviEx’s development plan envisages annual production at an average rate of 2.53Mlb of U3O8 per annum, with life of mine production of 45.6Mlb of U3O8 over 18 years.

The Ablation JV is extremely pleased that an independent third party has publicly acknowledged the considerable benefits that Ablation affords the conventional uranium mining industry, and continues to be very encouraged that Ablation can be commercialised in the near-term.


Raj Shah

Editor:

Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>


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