The assessment demonstrates two processing options for the Berlin operation, with both options economically viable.
PEA is based on an initial uranium resource of 1.5 million lb at 0.11% indicated uranium oxide and 19.9 million lb at 0.11% inferred uranium oxide.
The resources were defined on 3km of the 10.5km mineralized trend at Berlin.
U3O8 Corp president and CEO Dr Richard Spencer noted that the uranium in the Berlin Project could be produced at zero cash cost because of the revenue generated from associated by-products.
"While conducted early in the life of the project, the study indicates that Berlin has robust economics based on just one-third of the resource potential of the property," Spencer added.
"The economic model also identified ways in which revenue could be increased and operating costs reduced in order to achieve higher margins to further enhance the project’s economics."
The company is projecting revenues of $2.8bn on the Berlin project with operating cash flow of $982m over the 15-year life of the mine.
