Azarga Uranium Reports Robust Maiden PEA Results for Gas Hills ISR Uranium Project

Highlights: Pre-income tax IRR of 116% and NPV of US$120.9 million

Post-income tax IRR of 101% and NPV of US$102.6 million

6.5 million pounds of U 3 O 8 production over 7 years; steady state production of 1.0 million pounds per year

Robust satellite project to Azarga Uranium’s flagship Dewey Burdock ISR Uranium Project with low initial capital expenditures estimated at US$26.0 million Direct cash operating costs estimated at US$11.52 per pound of production VANCOUVER, June 29, 2021 – Azarga Uranium Corp. (TSX:AZZ)(OTCQB:AZZUF)(FRA:P8AA) ("Azarga Uranium" or the "Company") is pleased to announce the positive results of an independent Preliminary Economic Assessment ("PEA") on its Gas Hills In-situ Recovery Uranium Project in Wyoming, USA (the "Gas Hills Project") following an increased mineral resource estimate announced by the Company on 30 March 2021. The PEA has been prepared in accordance with the requirements of National Instrument 43-101 ("NI 43-101").Blake Steele, the […]

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