July Tech Talk - Mining a Cleaner Tomorrow: The Mulga Rock Project
Mike Young is Managing Director and CEO of Vimy Resources, a Perth-based uranium development company. Vimy’s flagship project is the Mulga Rock Project, located 290km by road ENE of Kalgoorlie in the Great Victoria Desert.
About this event
The Mulga Rock Project is the largest advanced uranium project in Australia and is rapidly advancing to production, with early works commencing in the coming months. It is a very large deposit, 90 million pounds and has a 15-year mine life at 3.5 million pounds a year with the potential to add another five years.
Mulga Rock was discovered by a Japanese company, Power Nuclear Corporation (PNC), in the 1970s and developed during the 1980s and 90s. The Japanese withdrew from Australia during the Asian financial crisis in the late 1990s, and the Project became part of Energy and Minerals Australia which was listed on the ASX in 2008.
Mike joined the Company in 2013, recapitalised and changed the company name to Vimy Resources. Mike and Chief Operating Officer, Tony Chamberlain, a metallurgist and AusIMM member, discovered that the ore zone was amenable to significant beneficiation which unlocked the economics of the Project. Vimy then moved through the scoping study, PFS and DFS. The latter was released in 2018 and subsequently refreshed in 2020.
Mike’s enthusiasm for the Mulga Rock Project, and Vimy’s other uranium project, the Alligator River Project in the Northern Territory, comes across in all his presentations, together with his long-held fascination for uranium and nuclear power. He grew up in Canada where nuclear is a normal and important part of the energy mix and spent a few winters working in uranium exploration in Saskatchewan.
Mike jumped at the opportunity to return to the uranium space by joining Vimy in 2013 and is greatly encouraged by the growing acknowledgement that nuclear energy is the solution to the climate problem.
Kalgoorlie Country Club
108 Egan Street
Kalgoorlie WA 6430
Wednesday, 28 July 2021
5.30pm – 8.30pm (UTC+08:00)