PFS - Underground Mine OptionIt's nice to see FCU exploring all opportunities. If the underground is in fact a more economical way to go, then let's do it. At least FCU's management team has the option.
Let's just see how much more economical it may be.
FISSION URANIUM CORP. ("Fission" or “the Company") is pleased to announce that, further to its successful Prefeasibility Study (“PFS”) outlining a hybrid (open pit plus underground) mining option for the Triple R deposit on its’ Patterson Lake South (“PLS”) property, the Company has commenced a PFS to fully analyze an underground-only mining approach. With an estimated low OPEX of just US$6.77/lb and an IRR (pre-tax) of 29%, the existing open pit/underground hybrid PFS has clearly highlighted the potential for highly economic and flexible production at PLS, as well as outlining significant mine growth opportunities. Potential benefits of an underground-only approach include further-improved economics, even lower CAPEX and a reduced construction time. Roscoe Postle Associates Inc. (“RPA”) has been engaged to complete the new PFS on the same resource as used for the PFS (as reported April 15, 2019) and the Company anticipates receiving the results of the study in September, 2019.