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Macusani Plateau uranium project, Peru

31st January 2014

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

  

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Name and Location
Macusani Plateau uranium project, Peru.

Client
Macusani Yellowcake.

Project Description
A preliminary economic assessment (PEA) on the uranium properties, located on the Macusani Plateau, in the Puno district, has demonstrated that the project has the potential to become a large, low-cost uranium mining operation.

There is also excellent exploration potential to further expand the size of the existing mineral resource, which currently comprises a measured and indicated resource of 47.9-million tonnes grading 253 parts per million (ppm) uranium and containing 14.3 t uranium oxide (U3O8), and an inferred mineral resource of 40.5-million tonnes grading 286 ppm uranium and containing 13.6 t U3O8.

Potentially economic material for the project will initially come from multiple target deposits, including Colibri 2 and 3/Tupuramani, Chilcuno Chico, Quebrada Blanca, Corachapi and Triunfador 1.

Value
Initial capital expenditure to construct the mine and a 8.5-million-tonne-a-year process plant has been estimated at $331-million. Total sustaining capital costs for the life of the mine are estimated at $228-million.

Duration
Not stated.

Latest Developments
The PEA has paved the way for further development of the project and the completion of a prefeasibility study, which Macusani expects to start in 2014.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
Not stated.

Contact Details for Project Information
Macusani Yellowcake president and CEO Laurence Stefan, tel +1 416 628 9600 or email laurence@macyel.com.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

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