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Energy Fuels Inc.
Summary
| Project: | Roca Honda | |
|---|---|---|
| Deposit: | Roca Honda | |
| Location: | United States | |
| Commodities: | Uranium | |
| Date: | 12/23/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-12-2016: Energy Fuels Inc. announces a PEA report for its Roca Honda deposit at the Roca Honda project. Updated PEA results incl. pre-tax NPV (8%) of US$103M, IRR of 15%. Roscoe Postle Associates Inc. (RPA) was retained by Strathmore Resources (US) Ltd | |
| Resources: | (Resource, M+I): 1.511Mt @ 0.482% U3O8 for 14.564Mlbs U3O8 contained | |
| CP/QP: | [Resources]: Mark B. Mathisen (Roscoe Postle Associates Inc.) | |
| ABSTRACT: | Roscoe Postle Associates Inc. (RPA) was retained by Strathmore Resources (US) Ltd. (Strathmore) to prepare a Technical Report on the Roca Honda uranium project (the Project), located in McKinley County, New Mexico. The purpose of this report is to update the Preliminary Economic Assessment (PEA) of the Project in light of changes in the Project ownership interest and the acquisition of additional mineral property. This Technical Report conforms to National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43- 101). RPA has visited the property multiple times, with the most recent site visit on February 15-17, 2015. In 2007, Strathmore Minerals Corp. (Strathmore) (60%) and Sumitomo Corporation of Japan (Sumitomo) (40%) entered into a joint venture, Roca Honda Resources, LLC (RHR), to develop the Roca Honda deposit. In 2009, RHR submitted its Roca Honda Mine permit application to the New Mexico Mining and Minerals Division and U.S. Forest Service. This permit was deemed administratively complete by the regulatory agencies, and is now undergoing technical review. In August 2013, Energy Fuels Inc. (Energy Fuels) acquired all of the shares of Strathmore, which is now a wholly-owned subsidiary of Energy Fuels. Strathmore acquired land adjacent to the RHR property in June 2015. In May 2016, Strathmore purchased Sumitomo’s 40% interest in RHR. The Project is now held entirely by Strathmore, as the operator. | |
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