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Forsys Metals Corp (TSX:FSY) announced that the Engineering Cost Study on its planned Valencia process plant for their consolidated Norasa uranium project in Namibia is completed.
Forsys Metals Corp (TSX:FSY) announced that the Engineering Cost Study on its planned Valencia process plant for their consolidated Norasa uranium project in Namibia is completed.
As quoted in the press release:
Engineering Cost Study Highlights
Differential NPV estimates increased by US$348m1 before tax.
Opex is significantly reduced from the adjusted 2010 engineering cost study (in 2013 dollars).
Capex for the process plant is cost-effective at US$249.7m.
Leach residence time reduced significantly by 30%.
Forsys’ CEO, Marcel Hilmer, said:
We are very pleased to have delivered a positive engineering cost study which highlights many positives for the Norasa Uranium Project. It constitutes an important component for the completion of a feasibility study, which is planned for release by year’s end. As a consequence of the positive study, we are now accelerating the drilling programs at Valencia East and Valencia North with a strategy to release an updated mineral resources statement in Q3 2013.
To view the whole press release, click here.
