Ucore Receives Strong Results from Bokan PEA

Ucore Rare Metals Inc. (TSXV:UCU, OTCQX:UURAF) announced that they have received strong results from the PEA regarding the Dotson Ridge Zone of their Alaskan Bokan Mountain heavy rare earth property.

As quoted in the press release:

Highlights of the PEA Include:

• Net Present Value (NPV): $577M at a 10% discount rate, pre-tax.
• Internal Rate of Return (IRR): 43%.
• Payback Period: 2.3 years.
• Capital Cost: $221M, including a complete on-site rare earth oxide (REO) separation plant, and a contingency provision in the amount of $25M. Among the lowest capital outlays in the rare earth mining sector.
• Mining Rate: 1,500 tonnes per day (TPD), 75% of mill feed is eliminated via the use of Dual Energy X-Ray Transmission (DEXRT) sorting and magnetic separation, netting approximately 375 TPD to feed the leach circuit.
• Average Total Rare Earth Recoveries: 81.6%

Ucore’s President and CEO, Jim McKenzie, said:

Bokan’s unique features have generated a CAPEX that is among the absolute lowest in the industry, remarkably including full downstream separation facilities that promise to render high purity oxides both economically and on-site. In turn, the Bokan PEA has delivered highly robust IRR and NPV calculations. Beyond all of this, the Bokan facility will have little in the way of direct domestic competition.

To view the whole press release, click here.