Mantra Resources: Positive DFS for Phase 1Development of Nyota...

Mantra Resources: Positive DFS for Phase 1Development of Nyota Prospect
06.05.2011 | 1:51 Uhr | CNW
Highlights:

- Phase 1 DFS confirms robust technical and economic viability of the Project, demonstrating that Nyota will be a low cost, near term uranium producer;

- Phase 1 DFS is based on Measured and Indicated Resource base of 65.5 million contained pounds of U3O8 at an average grade of 439 ppm;

- Annual production of 4.2 million pounds of U3O8 during steady state operation, based on average annual throughput of 5.2 million tonnes of ore at an average grade of 437 ppm;

- Initial mine life of 12 years (including ramp up and ramp down) for Phase 1, with potential to increase further;

- Operating costs of US$22.04 per pound of U3O8 (steady state);

- Capital costs estimated at US$390.5 million, including all associated infrastructure but excluding mining fleet and ancillary capital, which is estimated at US$39.6 million;

- Hot commissioning within 21 months from the commencement of detailed engineering; and

- Phase 2 Heap Leach PFS is due for completion during Q2 2011.

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