European Uranium Files NI 43-101 Report

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.

Highlights include:

• 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;

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