Elkon - development of new world class uranium mining center (v.2)

The uranium deposits of Elkon district are located in the south of Republic of Sakha Yakutia. Deposits contain about 6% of the world known uranium resources: 342,409 tonnes of in situ or 288,768 tonnes of recoverable RAR + Inferred resources. Most significant uranium resources of Elkon district (261,768 tonnes) were identified within five deposits of Yuzhnaya zone. The uranium grade averages 0.15 %. Gold, silver and molybdenum are by-products. Principal resources are proposed to be mined by conventional underground method. Location, shape and dimensions of uranium orebodies are primarily controlled by NW-SE oriented and steeply SW dipping faults of Mesozoic age and surrounding pyrite-carbonate- potassium feldspar alteration zones. Country rocks are Archean gneisses. Deposits are of metasomatic geological type. Principal mineralization is represented by brannerite. The Yuzhnaya zone is about 20 km long. It was explored by underground workings and drill holes. Upper limit of orebodies is at a depth of between 200 m and 500 m. Depth persistence exceeds 2,000 m. Uranium mining enterprise Elkon was established in November 2007. It is a 100% Atomredmetzoloto (ARMZ) subsidiary. The planned producing capacity is up to 5,000 Mt U/year. It will perform the entire works related to uranium mining, milling, ore sorting, processing and uranium dioxide production. Technology of ore processing assumes primary radiometric sorting, thickening, sulphide flotation for gold concentrate extraction, subsequent autoclave sulphuric-acid uranium leaching from flotation tails and uranium adsorption onto resin, roasting and heap leaching for uranium from low grade ores, cyanide leaching of gold. Due to a considerable abundance of brannerite, the ore is classified as refractory. Elkon development include 4 main stages: feasibility study and infrastructure development (2009-2011), mine and mill construction (2012- 2015), pilot production (2013-2015), mine development and achieving full capacity production (2016- 2024). (author)