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Global Atomic Corp.
Summary
| Project: | Dasa | |
|---|---|---|
| Deposit: | DASA | |
| Location: | Niger | |
| Commodities: | Uranium | |
| Date: | 5/20/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-5-2020: Global Atomic Corp. announces a PEA report for its DASA deposit at the Dasa project. Updated PEA results incl. post-tax NPV (8%) US$210.7M & IRR of 26.6%. In December 2019, CSA Global Consultants Canada Limited (CSA Global), an ERM Group compan | |
| Resources: | (Resource): 26.3Mt @ 1,752ppm U3O8 (Ind.) & 22.31Mt @ 1,781ppm U3O8 (Inf.) | |
| CP/QP: | [Overall Report]: Dmitry Pertel, John Edwards, Alex Veresezan, George Flach (CSA Global Pty Ltd., METC Engineering Pty Ltd., Internal, CSA Global Consultants Canada Inc.) | |
| ABSTRACT: | In December 2019, CSA Global Consultants Canada Limited (CSA Global), an ERM Group company, was commissioned by Global Atomic Corporation (GAC) to complete a Preliminary Economic Assessment (PEA) and Technical Report for the Dasa Uranium Project (Dasa or “the Project”), located in the central part of the Republic of Niger, West Africa. The Report has been completed in accordance with National Instrument 43-101 (NI 43-101 – 30 June 2011), companion policy NI 43-101CP, and Form 43-101F1 (Standards of Disclosure for Mineral Projects). The Mineral Resource estimate (MRE) used in this PEA was previously reported in a NI 43-101 Technical Report with an effective date of 1 June 2019 (CSA Global, 2019) and has been prepared in accordance with CIM Definition Standards for Mineral Resources and Mineral Reserves (10 May 2014). Only Mineral Resources are estimated – no Mineral Reserves are defined. The Dasa Project lies within the Adrar Emoles 3 Exploration Permit, which with the contiguous Adrar Emoles 4 Exploration Permit | |
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