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Forsys Metals Corp
Symbol FSY
Shares Issued 195,169,467
Close 2024-06-18 C$ 0.90
Market Cap C$ 175,652,520
Recent Sedar Documents

Forsys met work returns 87% U extraction rate at Norasa

2024-06-18 17:46 ET - News Release

Mr. Richard Parkhouse reports

FORSYS REPORTS RESULTS FROM PRELIMINARY LEACHING TEST WORK AND PROJECT WORKPLAN AT NORASA

Forsys Metals Corp. has released the results of its metallurgical column leaching testwork for its Norasa uranium project, together with details of its work plan for further optimizing heap leach conditions and ore-sorting testwork.

Highlights:

  • Completed metallurgical testwork supports utilizing heap leaching to recover uranium at Norasa.
  • A total of 16 metallurgical column leach tests have been completed. Various test conditions were assessed, covering initial scouting tests aimed at evaluating the impact of binder addition, higher irrigation rates, and grind size on recoveries, leach kinetics and acid consumption.
  • Uranium extraction rates of up to 87 per cent (crushed with a conventional cone crusher, average of solids and solution-based recovery) were achieved within a leach cycle time of 30 days or fewer. Sulphuric acid consumption ranged from 17 kilograms per tonne to 38 kilograms per tonne, depending on operational standards. This recovery rate is on par with that achieved by other similar type operations with comparable ore type.

With the integration of higher irrigation rates, binder addition and grind size adjustments, there is an opportunity to optimize the baseline, enhancing leach kinetics, reagent addition and recovery rates.

Extensive follow-up testwork is planned. The primary areas of focus will include additional column tests aimed at assessing a high-pressure grinding roll crushed product, acid consumption, irrigation rate and leach duration, with the objective of achieving an optimal uranium dissolution rate. Literature indicates between 4-per-cent and 6-per-cent increased metal extractions in heap leach operations with HPGR crushing.

As part of this follow-up testwork, ore amenability for bulk ore sorting will be assessed, aimed at upgrading material prior to leaching, to enhance recoveries, expedite cash flow and bolster project economics.

The Norasa uranium project is wholly owned by the company's 100-per-cent subsidiary Valencia Uranium Pty. Ltd. and comprises the Valencia uranium deposits (held under ML-149) and the Namibplaas uranium deposit (under EPL-3638, application for ML-251), located in the Erongo region of Namibia.

Sample selection for metallurgical testwork

Based on the mineral exploration and resource definition, with close to 300,000 metres of drilling executed for the Norasa project and resulting mineral resource estimate and block models for Valencia, bulk samples for metallurgical testwork were composed to account for the composition and spatial variance within each of the deposits.

For the bulk samples from the Valencia orebody, which underwent leaching testwork at an accredited laboratory, SGS Laboratories in South Africa, a mix of different lithologies was selected from drill cores of a number of diamond holes, with the objective of representing the overall run-of-mine ore composition from this deposit.

From lithology modelling, it is evident that the main uranium hosting ore is alaskite, which is a rock of granitic composition. Limited uranium mineralization occurs at the contact zones to the country rock -- that is, in schists, marbles and gneisses by intruding alaskite veins.

The bulk samples comprise fresh rock material from diamond drill cores. The initial leach test sample for phase 1 of the column leach testing was composed of alaskite material only. The second sample for phase 2 of the column leach testing was made up of ore and country rock types in proportions of approximately 72 per cent of alaskite/granite lithologies, 13 per cent of marble and calc-silicate rock, and the remaining 15 per cent of different types of unmineralized schists and gneisses.

Metallurgical column leach testwork results

To date, leaching testwork at SGS comprised bottle roll testing and column leach testing:

  • Phase 1: Six column leach tests (including duplicates) were completed on predominantly alaskite samples, yielding uranium extractions ranging from 77 per cent to 87 per cent (average of solid and solution-based recovery) with acid consumption rates ranging from 17 kg/t up to 22 kg/t.
  • Phase 2: A further 10 column leach tests (including duplicates) have been completed on samples sourced from various parts of the orebody, encompassing country rock and marbles. During these tests, uranium extractions ranged from 69 per cent to 85 per cent (average of solid and solution-based recovery) dependent on leach operating conditions at a leach cycle duration of 30 days. Acid consumption ranged from 23 kg/t up to 38 kg/t.
  • Thirty-four bottle roll leach optimization tests were completed to guide conditions for the column testing during phase 1 and 2 of the program.

Phase 1 of the program focused on a composite sample comprising primarily alaskite material, with a head grade of approximately 187 parts per million U3O8. Various crush sizes were examined after preparation in a laboratory-scale cone crusher to achieve a targeted particle size distribution. Testwork assessed crush sizes with a top size of 4.75 millimetres, 6.7 millimetres and eight millimetres.

The program's second phase evaluated three distinct ore samples sourced from different locations within the orebody, characterized by varying lithologies. These samples exhibited head grades ranging from 136 parts per million to 201 parts per million U3O8, with an increased presence of marbles, schists and country rock lithologies. Crush sizes assessed ranged from a top size of approximately six mm to eight mm.

SGS was chosen for its comprehensive laboratory services and global expertise. In addition to internal laboratory test procedures and quality control measures, numerous repeat assays and external laboratory assays were conducted throughout the programs to interrogate the data set and critique accountabilities.

The current testwork program has yielded the following observations and inferences:

  • Enhanced leach kinetics were noted in the latter part of the program, attributed to the acid curing procedure conducted prior to sample introduction into the columns.
  • Comparative tests carried out at higher irrigation rates demonstrated improved leach kinetics and recoveries.
  • Preliminary evaluation of using flocculant as a binder warrants further investigation, potentially contributing to enhanced leach kinetics and recoveries.
  • The impact of crush size remains inconclusive at present. While some comparative tests indicate that finer crush sizes result in higher uranium extractions, others show no discernible effect. This aspect will be further investigated in the subsequent phase of the program, with particular emphasis on the utilization of HPGR crushing. Existing literature suggests a potential increase of between 4 per cent and 6 per cent in metal extractions in heap leach operations with HPGR crushing compared with conventional crushing methods.
  • The grade recovery relationship remains partly defined, but preliminary observations suggest a correlation between grade and its subsequent impact on recovery. The precise extent of this relationship will also be further investigated in the subsequent phase of the program.
  • The acid consumption for the alaskite samples averaged approximately 17 kilograms per ton for coarser crush sizes, with higher consumption observed for finer sizes. In the second part of the test program, acid consumption increased up to 38 kg per ton with the marble-containing samples. Optimization of acid consumption, acid strength, irrigation rates, cycle duration and crush size are all planned for the next phase of the program.

Grading analyses conducted on the alaskite sample leach residues revealed a higher proportion of uranium remaining in the coarser end of the size range, whereas the finer end of the size spectrum exhibited minimal uranium content. This suggests a potential liberation challenge, which will be investigated further in the next phase of the program, particularly utilizing an HPGR crushed product supported by further mineralogical analysis.

Work plan

Forsys is initiating the next phase of the testwork program along with continuing optimization efforts. The key work streams will include two further phases of column leach tests at SGS with continuing mineralogical analysis to complete the data evaluation.

These phases of follow-up testing are aimed at enhancing the efficiency and effectiveness of extracting the uranium mineralization from ore samples with a wider head grade range.

The program is designed to test a range of leaching variables, including crushing by HPGR to assess the impact of the particle cracking effect to expose increased mineral surface area for improved leaching. Column work to date has shown higher uranium grades in coarser fractions of the residue, indicating the majority of mineralization in the fines has been leached. Physical leaching variables will also be tested for optimizing leach conditions.

As part of the program, a box cut is planned, which will enable access to adequate mass of bulk fresh ore material for large-scale column leach testing to inform process design.

Qualified person statement for metallurgy

Aveshan Naidoo is a specialist engineer, hydromet and economics, for DRA South Africa Projects Pty. Ltd. of Building 33, Woodlands Office Park, 20 Woodlands Dr., Woodlands, Sandton, 2080. He holds a bachelor of science in chemical engineering from the University of KwaZulu-Natal and a master of business administration from the University of Witwatersrand. He is a registered professional engineer with the Engineering Council of South Africa (registration No. 20130523). Mr. Naidoo has been practising his profession continuously since 2008 and has 16 years of experience across a range of African projects. He is familiar with National Instrument 43-101, and, by reason of his education, experience and professional registrations, he fulfills the requirements of an independent qualified person as defined in NI 43-101.

Qualified person statement for mining

Peter Christians is an associate and principal mining engineer with Qubeka Mining Consultants CC in Windhoek, Namibia. He holds a bachelor of science in mining engineering at Queen's University in Kingston, Ont., Canada. He is a registered fellow member of the Australian Institute of Mining and Metallurgy (FAusIMM, registration No. 221754). Mr. Christians has been practising as a mining engineer continuously since 1985 in various roles, and his approximately 40 years experience covers a range of projects across Africa, North America, Australia and Russia. He is familiar with NI 43-101, and, by reason of his education, experience and professional registrations, he fulfills the requirements of an independent qualified person as defined in NI 43-101.

Qualified person statement for geology

The information in this release that relates to the preliminary leaching testwork and project work plan at Norasa is based on information compiled or reviewed by Dr. Guy Freemantle of The MSA Group Pty. Ltd., Johannesburg, South Africa. The MSA Group provides independent consultants to the Norasa project, Namibia. Dr. Freemantle holds a bachelor of science in geology (2006) and a doctor of philosophy in geology (2017), both at the University of the Witwatersrand. He is a member of the Society of Economic Geologists (892905) and a fellow of the Geological Society of South Africa (965392), and is registered with SACNASP (registration No. 117527). Dr. Freemantle has practised his profession continuously for 14 years, and has sufficient experience and knowledge that are relevant to the style of mineralization and type of deposits under consideration, as well as to the activity that is being undertaken, to fulfill requirements of a qualified person as per NI 43-101. Dr. Freemantle consents to this release in the form and context in which it appears.

About Forsys Metals Corp.

Forsys is an emerging uranium developer focused on advancing its wholly owned Norasa uranium project, located in the politically and uranium friendly jurisdiction of Namibia, Africa. The Norasa uranium project is composed of the Valencia uranium deposit (ML-149) and the nearby Namibplaas uranium deposit (EPL-3638).

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