LARAMIDE PEA CONFIRMS POTENTIAL FOR LONG-LIFE Highlights:
(All dollars USD)
- Large, long-life project with 31.2 million pounds produced over 31 years
- Low initial capital costs of $47.5M
- Unit operating costs (including taxes and royalties) of $27.70/lb and ASIC (all in sustaining costs) of $34.83/lb
- Pre-income tax IRR of 62% and NPV (8%) of $278 million (at $75/lb U3O8)
- Post-income tax IRR 56% and NPV (8%) $239 million (at $75/lb U3O8)
- Life of Project post-income tax cash flow exceeds $1 billion
- Upside opportunities include:
- Potential for accelerated development of the resource beyond one million pound per annum straight line case outlined in the PEA; existing license allows for a 3-million-pound capacity at planned CPP (Central Processing Plant);
- Potential for enhanced recoveries (PEA assumes recovery of 68% of the resource in the production area) or expansion of the current resource through infill and exploration drilling;
- Inclusion of Crownpoint resource in future production planning; and
- Realized uranium prices more than $75/lb pricing assumptions used in the PEA; for example, at a spot price of $90/lb after-tax NPV (8%) is $294,497,000.
TORONTO, Jan. 11, 2024 /CNW/ - Laramide Resources Ltd. ("Laramide" or the "Company") (TSX: LAM) (ASX: LAM) (OTCQX: LMRXF), is pleased to announce the positive results of an independent Preliminary Economic Assessment ("PEA") for the 100% owned Churchrock In-Situ Uranium Project ("Churchrock Project") located in New Mexico, U.S. The PEA has been prepared in accordance with the requirements of National Instrument 43-101 ("NI 43-101") by SLR International Corporation ("SLR"), an independent consulting firm with considerable expertise in mining and mineral processing, including uranium mining in the United States.
LARAMIDE PEA CONFIRMS POTENTIAL FOR LONG-LIFE, LOW-COST IN SITU RECOVERY URANIUM OPERATION AT CHURCHROCK PROJECT, NEW MEXICO, USA (newswire.ca)