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Fission Uranium Update on Triple R Deposit at PLS project in Athabasca Basin

Mining News - Published on Tue, 12 Nov 2019

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Fission Uranium Corp has filed a technical report for Triple R Deposit at PLS project in Canada’s Athabasca Basin, conforming to NI 43-101. The Report summarizes the Pre-Feasibility Study, which outlines an underground-only mining scenario for PLS and follows an earlier PFS report outlining a combination of open pit and underground techniques.

Highlights include

Cost and Time Savings - Substantial reduction in CAPEX and construction time requirements for the Triple R mine due to a simplified mining approach and elimination of the dyke and slurry wall system required by the hybrid plan

Minimized Footprint – Mine related earth movement from the Hybrid PFS to the U/G PFS is reduced by 90%, leading to a minimized surface footprint

Strong Economics - Projected OPEX of just USD 7.18/lb, pre-tax IRR of 34% and pre-tax NPV at 8% of USD 1.33 billion, thus outlining the potential for highly economic production at PLS.

Clear Path for Growth - Ability to easily accommodate additional material from the three high-grade zones outside of the current mine plan, leading to a potential increase in resource size and mine life.

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Posted By : Rabi Wangkhem on Tue, 12 Nov 2019
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