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GoviEx Uranium Inc.
Summary
| Project: | Mutanga | |
|---|---|---|
| Deposit: | Mutanga | |
| Location: | Zambia | |
| Commodities: | Uranium | |
| Date: | 11/21/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-11-2017: GoviEx Uranium Inc. announces a PEA report for its Mutanga deposit at the Mutanga project. PEA for the Mutanga project including an updated Mineral Resource. VANCOUVER, CANADA – GoviEx Uranium Inc. (TSX-V: GXU; OTCQB: GVXXF) (“GoviEx” or “Comp | |
| Resources: | (Resource, M+I): 21.6Mt @ 317.5ppm U3O8 for 15.1 Mlb U3O8 contained at Mutanga | |
| CP/QP: | [Resources]: Martin Pittick, Guy Dishaw (SRK Consulting (UK) Ltd.) | |
| ABSTRACT: | VANCOUVER, CANADA – GoviEx Uranium Inc. (TSX-V: GXU; OTCQB: GVXXF) (“GoviEx” or “Company”) announced today that it has completed a National Instrument (NI) 43-101 Preliminary Economic Assessment (“PEA”) for the Mutanga Uranium Project (“Mutanga Project”) in Zambia, which evaluates the economic and technical viability of a large-scale uranium project with low-capital costs and low-operating costs. Govind Friedland, GoviEx Executive Chairman, commented, “We are pleased by the encouraging results of this PEA. GoviEx now has two mine-permitted projects – Madaouela in Niger and Mutanga in Zambia – and we can clearly see the economic potential for both of these projects to be developed when uranium prices rise, as expected, as a result of the looming supply deficit forecast later this decade. Madaouela and Mutanga each have the potential to produce more than 2.4 million lbs U3O8 per annum steady state, with total life-of-mine costs less than US$38/lb U3O8 and no shortage of exploration potential to possibly expand the mineral resources.” The PEA was prepared for GoviEx by SRK Consulting (UK) Limited (“SRK”) and the technical report, titled “NI 43-101 Technical Report on a Preliminary Economic Assessment of the Mutanga Uranium Project in Zambia”, will be filed on SEDAR at www.sedar.com and on the GoviEx website at www.goviex.com within 45 days. | |
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