Strathmore Minerals reports Scott Wilson Roscoe Postle Associates Inc. has been contracted to prepare a Bankable Feasibility Study to evaluate the overall project economics of the proposed Roca Honda, New Mexico.
The Roca Honda property is located in the eastern part of the Grants Mineral Belt in New Mexico. This project, which is held by Strathmore and Sumitomo Corporation under their jointly owned subsidiary, Roca Honda Resources LLC (RHR), represents one of the largest proposed uranium mines in the United States in the last thirty years. In October 2009, the Roca Honda Mine Permit Application was submitted to state and federal regulatory authorities. In November, the Permit Application was deemed “administratively complete” (see news releases dated October 27, 2009 and December 2, 2009). Preparation of the BFS will coincide with the regulatory review process.