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     642  0 Kommentare Fission Responds to Limited Technical Disclosure Review by BCSC

    KELOWNA, BRITISH COLUMBIA--(Marketwired - Feb. 5, 2016) - FISSION URANIUM CORP. (the "Company" or "Fission") (TSX:FCU)(OTCQX:FCUUF)(FRANKFURT:2FU) is issuing this news release to clarify certain of its disclosure.

    Non-compliant disclosure of Preliminary Economic Assessment ("PEA")

    (February 5, 2016) - The Company disclosed the results of the PEA of its Patterson Lake South Property ("PLS") in its January 27, 2016 Corporate Presentation ("Presentation") and in its September 17, 2015 CEO Corner article ("CEO Article"). Both the Presentation and the CEO Article were previously available on the Company's website and did not include the proximate cautionary language and details required by National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"). Accordingly:

    1. The Company wishes to remind investors that the PEA is considered preliminary in nature, based, in part, on inferred mineral resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves;

    2. The Company also notes that the PEA considers the PLS project as a stand-alone mine and mill operation, which includes development and extraction of the R00E and R780E zones (Triple R deposit) and that the PEA study is based on a number of qualifications and assumptions including the following (all values in C$ unless otherwise noted):

    Physicals:

    • Three years of pre-production and 14 year mine life, processing nominally 1,000 tonnes per day (350,000 tonnes per year)
    • Total Tonnes Processed: 4.8 million tonnes at 1.00% U3O8 average grade; open pit mining of 1.56 million tonnes at 2.21% U3O8
    • Underground mining of 3.25 million tonnes at 0.42% U3O8
    • Process recovery of 95%, supported by metallurgical testwork
    • Production of 100.8 million lbs U3O8; an average of 13 million lbs U3O8 per year for 6 years, followed by an average of 3 million lbs U3O8 per year for 8 years

    Revenue:

    • Long term uranium price of US$65 / lb U3O8
    • Exchange rate of 0.85 US$ / C$1.00
    • Gross revenue of $7.71 billion, less Saskatchewan gross revenue royalties of $556 million
    • Less product transportation charges of $34 million
    • Net revenue of $7.12 billion

    Operating Costs

    • Average OPEX of $16.50/lb (US$14.02/lb) U3O8 over the life of mine
    • Unit Operating Costs of $346 per tonne processed. Combined Mining $154 per tonne processed
    • Processing: $114 per tonne processed
    • Surface and G&A: $78 per tonne processed
    • Operating cash flow of $5.45 billion

    Capital Costs

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    Verfasst von Marketwired
    Fission Responds to Limited Technical Disclosure Review by BCSC KELOWNA, BRITISH COLUMBIA--(Marketwired - Feb. 5, 2016) - FISSION URANIUM CORP. (the "Company" or "Fission") (TSX:FCU)(OTCQX:FCUUF)(FRANKFURT:2FU) is issuing this news release to clarify certain of its disclosure. Non-compliant disclosure …