Blue Sky Uranium Corp. (TSXV: BSK | FSE: MAL2 | OTC: BKUCF) has announced it has filed the NI 43-101 technical report supporting disclosure of the independent preliminary economic assessment (PEA) for the Ivana Deposit at the company’s 100% owned Amarillo Grande Uranium-Vanadium Project in Rio Negro Province, Argentina.
The updated PEA incorporates a new mineral resource estimate, in which approximately 80% of the resources are now in the Indicated category. The PEA demonstrates robust economics from a surficial mining operation, entailing 11 years of uranium and vanadium production.
PEA highlights include:
- After-tax NPV 8%: C$227.7M
- After-tax IRR: 38.9%
- After-tax payback period: 1.9 years
- Pre-production capital cost: C$159.7M, includes C$35.4M contingency
- Life of mine sustaining capital cost: C$27.3M, includes C$5.4M contingency
- Average LOM Total Cash Cost net of credits: C$23.29/lb U3O8
- Average LOM AISC net of credits: C$24.95/lb U3O8
Additional detailed processing studies are underway to further de-risk and enhance the economics for development of the Ivana deposit. This technical work will be incorporated into the programme to support a prefeasibility study, which the company is preparing to commence in the coming months.
To find out more, please visit www.blueskyuranium.com
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