7 April, 2007
Ausenco Limited has commenced work on a uranium feasibility study for Equinox Minerals Limited.
The uranium feasibility study on the evaluation of use of uranium resources which occur within, and adjacent to, the Lumwana Copper Project orebodies that are currently being developed in the North Western province of Zambia. Ausenco are currently engaged in the EPC contract on the Lumwana Copper Project, in 50/50 joint venture with Bateman Engineering NV.
four phase study program has been designed to review Equinox's 2003 uranium study including resources / reserves, metallurgy and process plant design, conduct a further metallurgical testwork program, design a processing plant and infrastructure to produce Yellowcake on-site and prepare capital and operating cost estimates with an accuracy of +\- 15%.
The study is expected to be completed in Q1, 2008.
For media & investor enquiries & questions contact
Craig Allen, Chief Financial Officer on 61 7 3112 8200
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Stuart Ratcliffe, General Manager Business Development on 61 8 9223 1900
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Ausenco Limited, provides multi-disciplined engineering, procurement, project and construction management services to the mining, minerals and metal processing industry. The company participates in all phases of a project’s progression, from project scoping studies, process option/technical review assessments, feasibility studies utilised for project financing, through to project design, construction and commissioning. Ausenco’s group of companies also services companies through their operation and maintenance division, supplying key asset management and operational support. These services are applied to projects in a broad range of processing areas, both nationally and internationally.
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