Why was the Macusani area not developed sooner?
A. Due to the falling uranium price at the time, spurred by negative public sentiment over the nuclear industry (Three Mile Island disaster in 1979), the exploration program recommended by the International Uranium Resources Evaluation Project Mission was never carried out. The area was largely left untouched until 2005, when Solex staked its first batch of concessions. The uranium price at the time was still only US$25 to US$30 per pound. • Q. What makes the Macusani Uranium District so attractive? A. The project, if found to be economically viable, exhibits many characteristics that are highly favorable to a prospective operation: • Near-Surface Mineralization – Uranium encountered from surface to depths of 30-40 metres can be extracted using a lower cost open-pit, bulk mining operation. • Widespread, Continuous Mineralization – Uranium grades encountered through drilling have been in the 0.01% to 0.04% U3O8 range and mineralization has been found continuously spread over large areas
