Bullboard - Stock Discussion Forum Nexus Uranium Corp GIDMF

Primary Symbol: C.NEXU

Nexus Uranium Corp. is a multi-commodity development company. The Company is focused on advancing the Cree East uranium project in the Athabasca Basin in addition to its precious metals portfolio that includes the Napoleon gold project in British Columbia and a package of gold claims in the Yukon. The Cree East project is located within the Athabasca Basin of Saskatchewan, spanning 57,752... see more

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Nexus Uranium Corp > Filing of PEA Technical Report for the Independence Project

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Post by Betteryear2 on Feb 20, 2022 9:45pm

Filing of PEA Technical Report for the Independence Project

Vancouver, British Columbia--(Newsfile Corp. - February 8, 2022) - Golden Independence Mining Corp. (CSE: IGLD) (OTCQB: GIDMF) (FSE: 6NN) (the "Company") is pleased to announce the filing on an independent Preliminary Economic Assessment ("PEA") for the Company's Independence project which adjoins Nevada Gold Mines' Phoenix-Fortitude mining operations in the Battle Mountain-Cortez trend of Nevada.

Independence PEA highlights include:

After-Tax NPV5% of US$35 million with an IRR of 18% at US$1,700/oz gold and US$24/oz silver
Significant leverage to metal prices with after-tax NPV5% of US$45M and IRR of 22% at spot prices*
Average annual production of 32,050 oz gold at an AISC of US$1,078/oz (net of silver credits)
LOM production of 195,443 oz gold and 1,281,420 oz silver
LOM after-tax cash flow of US$59 million at Base Case prices and US$72 million at spot prices*
Initial Capital of US$63 million including working capital and contingencies
Mine life of 6.1 years exploiting only 60% of the near surface resource contained within a US$1,800/oz gold price pit

* Spot prices used were US$1,799/oz gold and US$22.47/oz silver

https://www.newsfilecorp.com/release/113109