Blue Sky Uranium announces Positive New PEA for Ivana deposit in Argentina
Vancouver, Canada
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March 18, 2024 02:38 PM Eastern Daylight Time
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
