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Anfield Energy Inc.
Summary
| Project: | Charlie | |
|---|---|---|
| Deposit: | Charlie | |
| Location: | United States | |
| Commodities: | Uranium | |
| Date: | 9/24/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-9-2019: Anfield Energy Inc. announces a PEA report for its Charlie deposit at the Charlie project. Clarification of details regarding PEA for project. VANCOUVER, BRITISH COLUMBIA -- GLOBAL NEWSWIRE – September 24, 2019 — Anfield Energy Inc. (TSX.V: AE | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Douglas Beahm (BRS Inc.) | |
| ABSTRACT: | VANCOUVER, BRITISH COLUMBIA -- GLOBAL NEWSWIRE – September 24, 2019 — Anfield Energy Inc. (TSX.V: AEC; OTCQB: ANLDF; FRANKFURT: 0AD) (“Anfield” or “the Company”), in its previous news release regarding the Charlie Uranium Project Preliminary Economic Assessment (PEA), had stated the following: 1) the PEA shows a return on investment with a pre-tax IRR ranging from 42% to 76% with uranium prices ranging from US$55 per pound to US$75 per pound; 2) the NPV of the Project at an 8% discount rate ranges from US$10.0 million to US$27.9 million; 3) after-tax IRR ranges between 35% and 67%; and 4) after-tax NPV at an 8% discount rate ranges between US$7.0 million and US$21.7 million. Anfield would like to clarify that the above ranges are derived from a sensitivity analysis found within the PEA, and should not be given the same weight as the report author’s stated pre-tax project IRR of 60% and NPV of US$18.9M or after-tax IRR of 53% and NPV of $14.4M, based on a discount rate of 8% and a uranium price of US$65 per pound. The independent PEA was prepared in accordance with National Instrument 43-101 standards of disclosure for mineral properties. | |
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