Argentina: Blue Sky announced new PEA on its uranium-vanadium project

News
Blue Sky Uranium Corp. has unveiled the results of a new Preliminary Economic Assessment (PEA) for the Ivana uranium-vanadium deposit, part of the Amarillo Grande Project located in the province of Río Negro. The updated assessment includes a new mineral resource estimate, with approximately 80% of the resources now in the Indicated category. "This assessment demonstrates a solid economy for a surface mining operation, with 11 years of production for both resources."

By Panorama Minero

The PEA highlights include an after-tax NPV of 8% for $227.7 million, an after-tax IRR of 38.9%, and an after-tax payback period of 1.9 years. The pre-production capital cost is estimated at $159.7 million, with a life-of-mine sustaining capital cost of $27.3 million.

The PEA is based on key assumptions, such as a uranium price of $75/lb U3O8, a vanadium price of $7.5/lb V2O5, 2 years of construction, and 11 years of production. It also considers an stripping ratio of 1.5:1, a dilution of 3%, and an average mining rate of 5.10 Mtpa. An average annual production of 1.5 million pounds of U3O8 is expected, with a total uranium production of 16.5 Mlbs U3O8.

As part of the announcement, Nikolaos Cacos, President and CEO of Blue Sky, pointed out that this PEA confirms that the Ivana deposit is a leading uranium-vanadium project, with the advantage of achieving low production and mine maintenance costs. The company plans to complete a feasibility study as soon as possible and will continue exploration at the Amarillo Grande project to discover and delineate new resources. Additionally, additional processing studies are underway to improve the economics of developing the Ivana deposit, which will be integrated into a Feasibility Study in the coming months, they expanded from the company.

Magazine

Edición 528 - Marzo 2024
2024 Argentine Mining Compendium
Edición 527 - Febrero 2024
Edición 526 - Diciembre 2023
Edición 525 - Noviembre 2023
Edición 524 - Octubre 2023
Edición 523 - Septiembre 2023
Edición 522 - Agosto 2023
Edicion 521 - Julio 2023
Edición 520 - Junio 2023
Edicion 519 - Mayo 2023
Edición 518 - Abril 2023

Events

    Expo San Juan
    Lithium in South America
    Gold, Silver & Copper

Do you want to receive news about the sector and Panorama Minero initiatives?


Sign up for our newsletter.

Salta: Lindero gold mine produced over 23,000 ounces in the last quarter

Salta: Lindero gold mine produced over 23,000 ounces in the last quarter

Canadian mining company Fortuna Silver Mines Inc., operator of the first surface gold mine in the province of Salta, in Argentina, has announced robust gold production figures for the first quarter of 2024, stemming from its five operational mines located across West Africa and Latin America. Gold and silver production for the quarter stood at 89,678 ounces and 1.1 million ounces, respectively, amounting to 112,543 gold equivalent ounces, inclusive of lead and zinc by-products.
McEwen Copper executives meet with President Javier Milei

McEwen Copper executives meet with President Javier Milei

On Tuesday, the Chairman and CEO of McEwen Mining, Rob McEwen, along with McEwen Copper's VP and General Manager of Los Azules, Michael Meding, lawyer Carmen Diges, and VP of Corporate Development, Stefan Spears, held a meeting with the Argentine President. During the meeting, they discussed the current economic and legislative progress made by the government and the advancements towards the development of the Los Azules copper mining project, located in the Calingasta department, San Juan.
A new suppliers chamber was founded in the province of Santa Cruz

A new suppliers chamber was founded in the province of Santa Cruz

In an event held on March 27th in the city of Río Gallegos, where both public and private sectors converged, CAPPEMA - Chamber of Suppliers of Inputs and Service Providers in the Energy, Mining, and Environmental Sectors - was established. Comprised of companies from Santa Cruz, its aim is to encourage investments and the creation of genuine job opportunities in the reported industrial segments.

Salta: AbraSilver presents Diablillos Prefeasibility Study

Salta: AbraSilver presents Diablillos Prefeasibility Study

The Canadian mining company announced a robust Prefeasibility Study for its silver and gold project Diablillos, located in the province of Salta. The study process was conducted by SGS Geological Services with support from Knight Piésold, SGS Bateman, Bmining (Chile), and INSA.
Catamarca: Lake Resources announced EIA for phase one of Kachi lithium project

Catamarca: Lake Resources announced EIA for phase one of Kachi lithium project

Australian company Lake Resources announced on Tuesday the submission of the Environmental Impact Assessment (EIA) for phase 1 of the Kachi lithium project, located in the Argentine northwest region. The assessment was submitted to the Catamarca Ministry of Mining and, as stated, "marks an important milestone for the project as it represents the culmination of extensive fieldwork and community engagement achieved over the past three years”.

For the first time, the mining chambers of Salta, Jujuy, and Catamarca come together to define a joint work agenda

For the first time, the mining chambers of Salta, Jujuy, and Catamarca come together to define a joint work agenda

This Tuesday, the presidents of the three mining chambers of the Argentine northern region, which bring together companies engaged in the exploration and operation of lithium, gold, silver, copper, and other minerals -the Chamber of Mining of Salta, the Mining Chamber of Catamarca, and the Mining Chamber of Jujuy- have marked a milestone by holding their first joint meeting to build a comprehensive work agenda for the sustainable mining development of the three provinces.
Argentina: The most important mining event of the year will take place in San Juan from May 21 to 23

Argentina: The most important mining event of the year will take place in San Juan from May 21 to 23

The San Juan International Mining Expo, the most federal gathering of the Argentine mining industry, will be held on May 21st, 22nd, and 23rd at the Cepas Sanjuaninas venue in the province of San Juan. The event, organized by Panorama Minero and declared of interest by the main provinces with mining tradition, expects an influx of more than 15,000 people. Additionally, the official launch of the Copper Task Force will take place, with the presence of governors seeking to boost copper development in the country.