The Assay TV meets with Richard Parkhouse, director of investor relations, and Pine van Wyk, country director of Forsys Metals (TSX: FSY | FSE: F2T | NSX: FSY), a uranium focused development company with 100% ownership of the Norasa Project, located in Namibia, a politically stable and mining friendly jurisdiction in southern Africa.
A positive definitive feasibility study was originally completed for the Norasa Project in 2015, and subsequently, various metallurgical testwork programmes and desk top studies have been undertaken. Technical trade-off studies are now underway to evaluate the options for practical and economical benefit, in comparison to the 2015 DFS. DRA Mineral Projects Pty Ltd has ben appointed as the engineering consulting company to conduct the trade-off studies.
Additionally, Forsys expects the trade-off studies to be complete in the coming months, with an updated DFS to be announced thereafter.
Website: www.forsysmetals.com
Primary tickers: TSX:FSY, FSE:F2T, NSX:FSY
Stage of development: Exploration, Development
Commodity: Uranium
Project to promote: NORASA Uranium
Project location: Namibia
