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GoviEx Uranium Files an Updated Integrated Development Plan for the Madaouela Project in Niger


VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 11, 2015) - GoviEx Uranium Inc. (CSE:GXU) announced today that it has filed an updated NI 43-101 Integrated Development Plan (IDP) for the Madaouela Uranium Project in Niger, defining a large, low operating cost, commercially viable uranium project in the prolific Arlit uranium-mining district of northern Niger.

Highlights of GoviEx's Madaouela Uranium Project July 2015 IDP:

• The project development plan envisions an average 2.69 million pounds per year U₃O₈ yellowcake production rate over a 21-year mine life, with a 93.7% ultimate recovery of uranium.

GoviEx already has received the approval of its Environmental Social Impact Assessment for the Madaouela Project from the Minister in charge of the environment, and as announced on June 30, 2015, has filed the application for a Mining Permit based on the project defined in the updated IDP.

The project is an advanced stage property, for which five deposits have been developed to a
high level of confidence (Marianne, Marilyn, Miriam, MSNE and Maryvonne)

The base case mineral processing design is crushing, radiometric sorting, ablation and two-stage tank acid leaching, solvent extraction, with dry stack tailings.


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