PLS - Great CAPEX 0f $7.18lbWith the increased focus on the 'green' thinking for the world's energy needs, we see more and more focus on nuclear energy. I believe it will continue to grow. If the 'small modular reactor' concept becomes a reality, then nuclear will be off and running. Uranium will take off.
It looks to me that Fission Uranium is one of the better undeveloped assets in the sector and one of the better risk reward stocks available. KELOWNA, BC, Nov. 7, 2019 /CNW/ - FISSION URANIUM CORP.("Fission" or "the Company") is pleased to announce that it has filed a technical report (the "Report") on the Triple R Deposit at its PLS project in Canada's Athabasca Basin, pursuant to National Instrument 43-101 "Standards of Disclosure for Mineral Projects" ("NI 43-101").
The Report summarizes the Pre-Feasibility Study ("UG PFS"), which outlines an underground-only mining scenario for PLS and follows an earlier PFS report outlining a combination of open pit and underground techniques (the "Hybrid PFS"). Highlights include:
- Cost and Time Savings. Substantial reduction in CAPEX and construction time requirements for the Triple R mine due to a simplified mining approach and elimination of the dyke and slurry wall system required by the hybrid plan.
- Minimized Footprint. Mine-related earth movement from the Hybrid PFS to the U/G PFS is reduced by 90%, leading to a minimized surface footprint.
- Strong Economics. Projected OPEX of just US$7.18/lb, an IRR (pre-tax) of 34% and an NPV (pre-tax) at 8% of $1.33B, thus outlining the potential for highly economic production at PLS.
- Clear Path for Growth. Ability to easily accommodate additional material from the three high-grade zones outside of the current mine plan, leading to a potential increase in resource size and mine life.