Berkeley Energia Limited (“Berkeley”) (ASX/AIM: BKY) is developing Europe’s largest uranium project, delivering sustainable jobs and fuelling Europe’s clean energy future. The project was transformed by the discovery of the shallow, high grade Zona 7 deposit which, when integrated into the overall development plan, makes the project one of the lowest cost producers globally.
The project benefits from a rare combination of low upfront capital costs of U$95.7m and very low operating costs of US$15.06 per pound of uranium produced during steady state operations. After an initial ramp up, production averages 4.4 million pounds per year during steady state operations.
Having received all the European Union, National, Regional and Provincial level approvals required, initial construction of the Salamanca project commenced in late 2016.
Prairie Mining Limited (“Prairie”) (ASX/LSE/WSE: PDZ) is focused on the restarting the large scale Debiensko Premium Hard Coking Coal (HCC) Mine purchased in 2016 and also the development of the Jan Karski Mine, which is located in Lublin, south eastern Poland.
Prairie was the first mining company to apply international standards and a systematic quality control approach for all exploration and development activities in the Polish coal sector.
Since acquiring the fully permitted Debiensko Mine, Prairie has rapidly advanced the technical studies required to restart mining operations, having released a successful Scoping Study in early 2017. The Scoping Study has confirmed that Debiensko Mine can deliver HCC into Central Europe cheaper than any other producer with very low capital intensity whilst able to utilise existing infrastructure.
Given these highly favourable fundamentals, the company is currently in discussions with potential funding and regional offtake parties, and has also commenced a full BFS.
The Jan Karski Mine is in the final stages of a full BFS being completed as part of a Strategic Funding and Construction co-operation Agreement between Prairie and China Coal. The Project is situated adjacent to the Bogdanka coal mine which is one of Europe’s most successful coal mining companies, with the lowest operating costs in Europe and currently producing 8 million tonnes per annum.
Paringa Resources Limited is an emerging U.S. based energy provider developing the high margin, low capex Buck Creek Mining Complex located in the Illinois Coal Basin, one of the largest and lowest cost coal producing regions in the U.S.
The fully permitted Buck Creek Mining Complex is one of the last remaining large-scale undeveloped blocks of high quality coal with direct barge access to the Ohio River system that is not controlled by a major U.S. coal producer. The Ohio River system feeds domestic coal-fired power plants and coastal export coal terminals in the Gulf of Mexico.
Paringa recently completed a Bankable Feasibility Study which confirmed that the Buck Creek Mining Complex will be a very low capex and a high margin coal mine producing +6 million tons per annum. With forward sale agreements and environmental permits already in place, Paringa is currently finalising its funding activities to commence construction in 2017.
Salt Lake Potash Limited (“Salt Lake”) (ASX/AIM: SO4) holds a number of salt lake brine projects across Australia, having potential for the large scale production of Sulphate of Potash (SOP), a premium agricultural commodity with very limited supply.
With the initial focus on the highly prospective Lake Wells project situated in Western Australia, the company has rapidly progressed development with numerous drilling programmes on top of salt lakes, extensive trenching, pump flow tests, Mineral Resource upgrades, as well as completion of a successful Scoping Study.
The company is currently finalising a technical study to build the first Pilot Plant in Australia for SOP production, with construction scheduled to commence during the second half of 2017.