GoviEx Selects Consultant for Feasibility Study

GoviEx Uranium  (TSXV:GXU,OTCQB:GVXXF) has announced the appointment of SRK Consulting  and SGS Bateman as the consultants for the completion of a feasibility study for the Madaouela Project. SRK and SGS were part of the team that completed the pre-feasibility study and environmental permitting work for the Madaouela Project.

As quoted from the press release:

Both companies have considerable experience in uranium and African project development.

“We are excited to commence this next stage in the development of the Madaouela Project,” said chairman Govind Friedland. “GoviEx has steadily and actively focused on value accretion for our projects while staying in tune with the state of the market; our appointment of SRK and SGS corresponds with a recovering uranium market price. GoviEx will continue to advance our projects with discretionary spending commensurate with improving market fundamentals.”

During the period of weak uranium pricing, GoviEx’ strategy focused on building its project pipeline by targeting low-cost acquisitions and advancing project development with technical optimization. The Feasibility Study will allow GoviEx to include the positive effects of certain optimizations, which were not available at the time the pre-feasibility study was produced:

• The addition of Agaliouk exploration permit (announced November 15, 2017) adds 11.67 million pounds (Mlb) U3O8 in the measured and Indicated categories (of which 5.96 Mlb U3O8 relates to the open-pit amenable Miriam Deposit) and 9.35 Mlb U3O8 in the Inferred category.
• The inclusion of membrane separation in the Madaouela project process design could potentially reduce operating and capital costs, which may significantly improve project economics. The review study results (announced April 5, 2018), while based on the pre-feasibility study inputs, are preliminary in nature and require further technical studies; however, these initial results are sufficiently relevant to support their inclusion of membrane separation in the feasibility study for the Madaouela project.

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