The life of mine (LOM) annual U3O8 production are estimated to average 4.30mlbs over a 10 year mine life while total sustaining capital costs are estimated at $228m for LOM.
The PEA also estimated initial capital expenditures for mine construction and a 8.5 M ton per annum process plant at $331m.
Macusani Yellowcake CEO Dr. Laurence Stefan said the PEA completion marks significant milestone for Macusani Yellowcake on a number of levels.
"Firstly, the estimated production cost of $20.57/lb demonstrates that we have a Project that has the potential to be one of the lowest cost uranium producers in the world due to a low stripping ratio in the open pit operations, anticipated low acid consumption, and high process plant recoveries expected to be achieved in a short period of time," Stefan added.
"Secondly, the PEA demonstrates that the Macusani plateau has significant potential to become a major uranium producing district considering that only small areas have been explored to date," Stefan continued.
"And finally, the PEA paves the way for further development of our Project and the completion of a Pre-Feasibility Study, which we expect to initiate in 2014."
