Energy Resources details strategic review

Company News


Energy Resources of Australia Limited (ASX:ERA) has completed its strategic review and identified three major priorities for the near term. 
 
Energy Resources hit a speed bump after Ranger’s traditional owners rejected a plan to extend the life of its uranium mining operations past 2021 by the developing the Ranger Deeps deposit.
 
The company says will continue to try and prove its progressive rehabilitation of the Ranger Project Area is up to scratch and fully funded. 
 
Maximum cash flow from processing stockpiled ore and preserving options for future development of the Ranger 3 Deeps is also top of the list. 
 
Energy Resources posted a net loss of $275.5 million for the six months to end December 2015.