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Uranium Energy Corp.
Summary
| Project: | Alto Parana | |
|---|---|---|
| Deposit: | Alto Parana | |
| Location: | Paraguay | |
| Commodities: | Titanium-Iron | |
| Date: | 9/12/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-9-2017: Uranium Energy Corp. announces a Resource Estimation report for its Alto Parana deposit at the Alto Parana project. Report in support of acquisition and updated resource estimate. Minerals Advisory Group LLC (“MAG”) was retained by Uranium Ener | |
| Resources: | (Resource, Inf.): 3.35 Gt @ 7.83% TiO2, 24.35% Fe2O3 at 7% TiO2 cut-off | |
| CP/QP: | [Resources]: David M Brown (Minerals Advisory Group, LLC) | |
| ABSTRACT: | Minerals Advisory Group LLC (“MAG”) was retained by Uranium Energy Corp (“UEC”), to prepare an independent Technical Report and Resource Estimate on the Alto Paraná project near Ciudad del Este, Paraguay. In concept, the project consists of a proposed mining operation, beneficiation of the material to produce an ilmenite/titanomagnetite concentrate and smelting in a DC electric arc furnace to produce a high quality titanium slag and high quality pig iron products. The titanium slag would be sold as a feedstock for the production of titanium dioxide pigment. The pig iron would be sold to the iron and steel industry as a source of high quality iron units for the production of steel or to the foundry industry for the production of high quality ductile iron castings. Uranium Energy Corp is a publicly listed company undertaking exploration and development work for a range of metals and minerals. The Alto Paraná project is a mineral project located in Eastern Paraguay in Alto Paraná province approximately 100 km north of Ciudad del Este. On July 10, 2017 UEC exercised its option to acquire all of the issued and outstanding shares of CIC Resources (Paraguay) Inc. (“CIC”). The Alto Paraná resource is atypically high in titanium values when compared to most beach sand deposits. High iron laterite hosts heavy minerals containing high iron and titanium values as ilmenite, titanomagnetite and magnetite. Minerals Advisory Group, LLC of Tucson, Arizona, USA developed processing technology enabling the successful recovery of the heavy mineral components utilizing known and proven unit processes. | |
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