Fission's Feasibility Study ProgramAs Ross McElroy, CEO of Fission commented,
“The commencement of the Feasibility Study is a major milestone for Fission, and also for the emerging uranium district and its local communities in the Western Athabasca Basin of Saskatchewan,Canada.
We have several important advantages heading into the Feasibility stage, including a Pre-Feasibility Study showcasing exceptional potential economics and minimal environmental footprint, extensive environmental data from years of baseline studies, and an unparalleled technical team.”
The Feasibility Study will be led by Fission’s VP Project Development, Gary Haywood, a professional Mining Engineer with 35 years' experience, including seven years with Cameco as General Manager at the McArthur River and Senior Mine Engineer at the Eagle Point uranium mining operations in Saskatchewan, Canada.
The feasibility work will kick-off with Phase 1, comprised of extensive data collection using drilling and other fieldwork. The FS follows the results of the Company’s Pre-Feasibility Study detailing an underground-only mining scenario, which has outlined the potential for PLS to be one of the lowest operating cost uranium mines in the world. Phase 1 will commence during June 2021 with completion expected by Q2, 2022. Concurrent with Phase 1 field work, a 25-hole core drill program targeting the R840W Zone, will commence by mid-June. The R840W drill program will aim to upgrade the majority of the R840W resource to Indicated category, which then would have the potential to be included in the resource model used for the FS.
This is a very important time for Fission as we take our multi award winning PLS Uranium Project in Saskachewan, Canada through development towards building the mine – because this mine will be built because it’s high grade, shallow and in the strong political jurisdiction of Canada who are of course contiguous to the USA who have a massive structural shortage of domestic uranium supply.