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Fission Uranium Corp.
Summary
| Project: | Patterson Lake South | |
|---|---|---|
| Deposit: | Patterson Lake South | |
| Location: | Canada | |
| Commodities: | Uranium | |
| Date: | 4/15/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 15-4-2019: Fission Uranium Corp. announces a Pre-Feasibility Study report for its Patterson Lake South deposit at the Patterson Lake South project. PFS results incl. pre-tax NPV of CA $1.32B (8%), IRR of 29%, Initial reserve estimate. Ross McElroy, Presid | |
| Resources: | (Reserve, Prob.): 2.88Mt @ 1.42% U3O8 | |
| CP/QP: | [Resources]: Jason Cox (Roscoe Postle Associates Inc.) | |
| ABSTRACT: | Ross McElroy, President, COO, and Chief Geologist for Fission, commented, "This prefeasibility study presents a very strong base case for production at PLS and further improves the potential economics and de-risks the project. Particular highlights include very low operating costs, a high internal rate of return and broad scope for growth and optimization. It also includes the important milestone of estimating mineral reserves at PLS. The focus of the report is production from the R00E and R780E zones. Moving forward, we have the potential to add resources to these two zones, and from the three other known mineralized zones, which may increase mine life and improve economics. Overall, we are very pleased with the results of the report and we are continuing to advance PLS towards feasibility status." | |
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