Blue Sky Uranium announces Positive New PEA for Ivana deposit in Argentina
March 18, 2024 at 06:39 pm
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Blue Sky Uranium CEO Niko Cacos joined Steve Darling from Proactive to share exciting news regarding the company's Amarillo Grande Project in Argentina. He announced the results of a new Preliminary Economic Assessment (PEA) for the Ivana Uranium-Vanadium deposit, which incorporates a recently updated mineral resource estimate. Notably, approximately 80% of the resources are now classified as Indicated, indicating a high level of confidence in their quality and quantity.
The PEA outlines robust economics for a surficial mining operation, projecting 11 years of uranium and vanadium production. Some key financial metrics from the assessment include an after-tax NPV (Net Present Value) of $227.7 million at an 8% discount rate, an after-tax IRR (Internal Rate of Return) of 38.9%, and an after-tax payback period of 1.9 years.
Cacos emphasized the company's commitment to ongoing exploration efforts aimed at discovering and delineating new uranium and vanadium resources across the expansive Amarillo Grande project. This underscores Blue Sky Uranium's dedication to maximizing the potential of its mineral assets in Argentina.
Contact Details
Proactive North America
Proactive North America
+1 604-688-8158
NA-editorial@proactiveinvestors.com
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Blue Sky Uranium Corp. is a uranium and vanadium exploration company. The Company is focusing its uranium and vanadium exploration efforts on southern Argentina, with 100% control of more than 450,000 hectares of mining tenures. Its projects include the Amarillo Grande Project, the Sierra Colonia Project, the Tierras Coloradas Project, and the Cerro Parva Project. The Amarillo Grande Project is located in central Rio Negro province, in the Patagonia region of southern Argentina. The Sierra Colonia project includes 100% ownership of more than 28,470 hectares in the central-eastern part of Chubut Province. The Tierras Coloradas project includes four cateos totaling 40,000 hectares in the northeast of Chubut. The property is situated in the central, western portion of the Uranium District. The Cerro Parva project includes a 100% ownership interest in eleven mining properties covering over 36,237 hectares in the central part of Chubut Province.