Server: Microsoft-IIS/3.0 Date: Thu, 20 Nov 1997 22:04:40 GMT Content-Type: text/html
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![]() ![]() The Shootaring Mill |
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Plateau Resources Limited was organized in 1976 as a wholly owned subsidiary of Consumers Power Company of Michigan to provide uranium concentrates for processing into fuel for Consumers' nuclear power plants. Plateau Resources initiated an aggressive exploration program almost immediately following its formation. Consumers invested about $140 million in the Plateau facilities near Ticaboo, Utah. In 1993 U.S. Energy Corp. acquired all outstanding stock of Plateau Resources Limited form Consumers. As part of the deal, U.S. Energy Corp. acquired the essentially new Shootaring Canyon uranium mill, and a townsite infrastructure. The mill was built in 1981 at a cost of $54 million and was designed to process 750 tons of uranium ore per day, but operated only on a trial basis for two months in 1982. Operating ths mill at this level, epending on ore grade, would yield between 1 and 2 million pounds U3O8 per year. Results of testing performed at the mill in 1982 indicate that the circuit could be operated at a capacity of 1 thousand tons per day without any modifications. | ||
Through its acquisition of Plateau, U.S. Energy Corp. has gained access to substantial uranium resources in southeastern Utah. Contiguous to the Tony M mine are the Southwest, Copper Bench, and Indian Bench deposits, which compose the Bullfrog properties. These deposits are reported to contain up to 17 million pounds of uranium. Where ther are owned by Energy Fuels, their proximity to the Tony M Mine and short haul (three to five miles) to the Shootaring Canyon mill make them prospective sources of ore for the mill. BACK TO THE TOP |
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The Shootaring Canyon mill will treat uranium ores utilizing
a conventional process circuit that includes grinding, acid-leach, solvent
extraction and precipitation of yellowcake. The facility occupies 114 acres
of Plateau's 270-acre plant site, which is only three miles south of the Tony M
mine portals. |
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