Resource News

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. 

 

Featured

MARKETS

Markets
TSX20197.61+15.69
TSXV702.09-3.49
DOW31937.57+675.67
S&P 5003971.74+70.38
NASD11500.96+146.34
ASX7145.60+81.10

COMMODITIES

Commodities
Gold1851.00+5.22
Silver21.74-0.05
Copper4.35+0.07
Palladium2002.00+35.00
Platinum958.50-0.50
Oil110.65+0.37
Heating Oil3.64+0.02
Natural Gas8.52+0.44

DOWNLOAD FREE REPORTS

×