Name of the Project
Crownpoint-Churchrock in situ uranium project.

Location
New Mexico, US.

Project Owner/s
Laraminde Resources.

Project Description
A preliminary economic assessment (PEA) has confirmed the potential for a long-life, low-cost in situ recovery uranium operation.

The Crownpoint-Churchrock project has mineral resources of 33.88-million tonnes grading at 0.075% uranium for 50.82-million pounds of uranium.

The PEA proposes the development of a 31.2-million-pound operation over 31 years.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The base case economic assessment shows a pre-income-tax internal rate of return of 62% and a pre-income-tax net present value of $287-million when applying an 8% discount rate and $75/lb uranium price.

Capital Expenditure
Initial capital costs are $47.5-million.

Planned Start/End Date
Not stated.

Latest Developments
None stated.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Laramide Resources, tel +1 416 599 7363 or email info@laramide.com.