Plateau Uranium makes big strides with new PEA

Five corporate transactions over eight years and a steady pace of consolidation and resource growth laid the groundwork for an updated preliminary economic assessment of the Macusani project in southern Peru that places it in the lowest quartile of the world’s uranium producers, Plateau Uranium (TSXV: PLU; US-OTC: PLUUF) says. The PEA estimates cash operating costs will average US$17.28 per lb U308 over a mine life of 10 years, and initial capex will come in at about US$300 million with a payback of under two years. The PEA used a base case price of US$50 per lb U308, 23% lower than the US$65 per lb the company employed in an earlier PEA completed in December 2013, and still managed to slash costs, reducing capex by 9.4%, operating expenses by 16% and payback by 50%, all the while boosting the production rate by 42%. Read the complete article at NorthernMiner.com/news/plateau-uranium