Jan. 6, 2015
Macusani Yellowcake Updates Corporate Plans
Located on the Macusani Plateau, Puno, Southern Peru, the Company has adjacent mineral claims totaling over 1,000 km2 in one of the largest, most highly prospective uranium districts in the world. Macusani Yellowcake is listed on the TSX Venture Exchange under the symbol 'YEL' and the Frankfurt Exchange under the symbol 'QC1'.
- Current resource includes 49.7 Mlbs U3O8 M&I and 47.5 Mlbs U3O8 Inferred (NI 43-101 Compliant).*
- PEA completed in Dec 2013 contemplates open pit and underground mining of these deposits over a 10 year mine life to feed a centralized heap leach processing facility.*
- Base case evaluation shows attractive project economics, including a pre-tax NPV8% of US$708M (47.5% IRR).*
- Resource friendly jurisdiction of Peru with superb infrastructure