For thousands of other reports visit RSC's Mineral Intellingence Map
Azarga Uranium Corp.
Summary
| Project: | Dewey Burdock | |
|---|---|---|
| Deposit: | Dewey Burdock | |
| Location: | United States | |
| Commodities: | Uranium | |
| Date: | 12/4/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 4-12-2019: Azarga Uranium Corp. announces a PEA report for its Dewey Burdock deposit at the Dewey Burdock project. PEA results incl. post-tax NPV (8%) of US$147.5M, IRR of 50%. AZARGA URANIUM CORP. (TSX: AZZ, OTCQB: AZZUF, FRA: P8AA) (“Azarga Uranium” or | |
| Resources: | (Resource, M+I): 7.388Mt @ 0.116% U3O8 for 17.122Mlbs U3O8 contained | |
| CP/QP: | [Overall Report]: Douglass Graves, Steve Cutler (TREC Inc.;Roughstock Mining Services) | |
| ABSTRACT: | AZARGA URANIUM CORP. (TSX: AZZ, OTCQB: AZZUF, FRA: P8AA) (“Azarga Uranium” or the “Company”) is pleased to announce the positive results of an independent Preliminary Economic Assessment (“PEA”) on its flagship Dewey Burdock In-situ Recovery Uranium Project in South Dakota, USA (the “Dewey Burdock Project”) following an updated mineral resource estimate. The PEA has been prepared in accordance with the requirements of National Instrument 43-101 (“NI 43-101”). Blake Steele, the Company’s President and CEO commented: “We are extremely pleased with the results of the updated PEA for the Dewey Burdock Project. The PEA demonstrates robust economics and cements the Dewey Burdock Project as one of the preeminent undeveloped insitu recovery (“ISR”) projects in the United States. The PEA results further validate our Company’s strategy and we continue to progress the project towards construction as the global uranium market strengthens by virtue of supplier discipline and higher demand. The estimated cost profile and modest initial capital expenditures leave Dewey Burdock and the Company well positioned to capitalize on the anticipated recovery in the uranium price.” | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report