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North Shore Uranium Ltd NSU


Primary Symbol: V.NSU

North Shore Uranium Ltd. is a Canada-based company, which is engaged in the exploration for uranium deposits at the eastern margin of Saskatchewan’s Athabasca Basin. The Company conducts its exploration programs on its two properties, the Falcon Property and the West Bear Property. The Falcon Property is located approximately 35-kilometer (km) east of the former Key Lake Mine and the active Key Lake uranium mill which processes ore from the McCarthur River Mine. The West Bear property consists of five mineral claims totaling 4,511 hectares located at the eastern edge of the Athabasca Basin which hosts two producing uranium mines.


TSXV:NSU - Post by User

Comment by BSdetector2016on Oct 24, 2017 4:55pm
96 Views
Post# 26852769

RE:from the 2016 PEA....

RE:from the 2016 PEA....No DSO starter mine in the NSU scenario, or so I've been told. Best not to compare the two PEAs when NSU's comes out.
kkkrrr wrote:
Phase 1 “DSO” Starter Mine will access very high grade mineralisation (13% Cu and 10.6 g/t Au) which may be shipped directly to smelters after crushing and grinding only. The DSO mineralisation is at the top of the deposit, some 400 m below surface and will be mined at a rate of up to 0.6 Mtpa for 3.5 years; initial mining access is via a 2.5 km long dual decline.

Phase 2 Upper Zone (UZ) Main Mine is envisaged to extract the remaining deposit down to a depth of some 800 m below surface where copper grades reduce to 2.5%. Production increases over a 10 year period from 0.8 to 2.0 Mtpa. The PEA base case LOM is based on Phases 1 and 2 only.

Phase 3 Upper Zone Main Mine Extension which would extract the remaining deposit until copper grades fall to 1.0%. Production continues for another 8 years at a rate of 2.0 Mtpa

....... for me it looks very clear and easy to calculate...


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