Name of the Project
Amarillo Grande uranium/vanadium project.

Location
Rio Negro Province, Argentina.

Project Owner/s
Blue Sky Uranium Corp.

Project Description
A preliminary economic assessment (PEA) on the Ivana uranium/vanadium deposit at the Amarillo Grande project has demonstrated robust economics from a surficial mining operation, entailing 11 years of uranium and vanadium production.

The Ivana operation will comprise a surface mining operation delivering mill feed to a nearby processing plant or feed stockpiles.

The operation will have a mining rate of about 5.1-million tonnes a year, consisting of waste material and mill feed.

Mining will be undertaken using a fleet of two excavators, a front-end loader and seven 31 t articulated trucks, along with a fleet of support equipment.

The materials mined are unconsolidated gravels and sands, and are free digging; therefore, drilling and blasting will not be required.

The processing plant will have a throughput of 2.17-million tonnes a year for total uranium production of 16.5-million pounds and total vanadium production of 5.2-million pounds.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The PEA assumes a net present value, at an 8% discount, of $277.7-million and an internal rate of return of 38.9%, with a payback of 1.9 years.

Capital Expenditure
Preproduction capital costs are estimated at $159.7-million, which includes a $35.4-million contingency.

Planned Start/End Date
Construction will take about two years to complete.

Latest Developments
None stated.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Blue Sky Uranium Corp, tel +1 604 687 1828 or email info@blueskyuranium.com.