Forsys Reports Results from Preliminary Leaching Test Work and Project Workplan at Norasa

Forsys Metals Corp

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TORONTO, June 18, 2024 (GLOBE NEWSWIRE) -- Forsys Metals Corp. (TSX: FSY) (FSE: F2T) (NSX: FSY) (“Forsys” or the “Company”)

Forsys is pleased to be able to release the results of its metallurgical column leaching test work for its Norasa Uranium project (“Norasa Project”1) together with details of its work plan for further optimising heap leach conditions and ore-sorting testwork.

Highlights

  • Completed metallurgical test work 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% (crushed with a conventional cone crusher, average of solids and solution based recovery) were achieved within a leach cycle time of 30 days or less. Sulphuric acid consumption ranged from 17 kg/t to 38 kg/t, depending on operational parameters. 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 optimise the baseline parameters, enhancing leach kinetics, reagent addition and recovery rates.

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

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

The Norasa Uranium Project (“Norasa Project“) is wholly-owned by the Company’s 100% subsidiary Valencia Uranium (Pty) Ltd. (“Valencia Uranium”) and comprises the Valencia uranium deposits (held under ML-149) ("Valencia”) and the Namibplaas uranium deposit (under EPL-3638, application for ML-251) (“Nambiplaas”), located in the Erongo region of Namibia.

Sample selection for metallurgical test work

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 test work were composed to account for the composition and spatial variance within each of the deposits.