Mar. 13, 2012 09:00AM PSTResource Investing News
European Uranium Resources Ltd.(TSXV:EUU) announced that it has filed an NI 43-101 regarding the Preliminary Feasibility Study for its Kuriskova Project, Eastern Slovakia.
- Internal Rate of Return 30.8%; 1.9 year payback; $276 million Net Present Value (NPV) at an 8% discount rate (Pre-Tax, base case US$68/lb U3O8, US$15/lb Mo);
- 94% increase of Indicated Resource to 28.5 million pounds of U3O8 since the Company’s June 2009 Preliminary Economic Assessment (“PEA”);
- 92% uranium recovery in PFS, increased from 90% in the PEA;
- 62% increase in the uranium grade to the process plant to 0.408% U3O8 in the PFS from 0.252% U3O8 in PEA;