Pele Mountain Announces Updated Preliminary Economic Assessment for Eco Ridge Mine Rare Earths and Uranium Project: $2.16-Billion Pre-Tax Cash Flow, $1.02-Billion NPV (10% Discount Rate), 50% IRR
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 04/16/12 -- Pele Mountain Resources Inc. (TSX VENTURE: GEM)(OTCQX: GOLDF) ("Pele" or the "Company") today announced results of an updated NI 43-101 Preliminary Economic Assessment (the "PEA") on its Eco Ridge Mine Rare Earths and Uranium Project ("Eco Ridge" or the "Project"). The PEA was prepared by Roscoe Postle Associates Inc. ("RPA") and demonstrates that Eco Ridge has excellent potential to become a profitable producer of rare earths and U3O8.
Operational highlights of the updated PEA include:
Financial highlights of the updated PEA include (all terms in US$):
Complete press release available at: .
Note: The PEA is preliminary in nature. It includes inferred mineral resources, which are considered too speculative geologically to have the economic considerations applied to them that would enable their categorization as mineral reserves. There is no certainty that the PEA forecast will be realized.
Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe Pele's future plans, objectives or goals, including words to the effect that Pele or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. The economic viability of the 43-101 mineral resource at Pele's Elliot Lake Project has not yet been demonstrated by a preliminary feasibility study.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Pele Mountain Resources Inc.
Al Shefsky
President
(800) 315-7353
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Unternehmensinformation / Kurzprofil:
Datum: 16.04.2012 - 11:00 Uhr
Sprache: Deutsch
News-ID 135063
Anzahl Zeichen: 2485
contact information:
Town:
TORONTO, ONTARIO
Kategorie:
Mining & Metals
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