Blue Sky Uranium Announces Positive New Preliminary Economic Assessment for Ivana Uranium-Vanadium Deposit, Amarillo Grande Project, Argentina

Kodiak Copper Mr. Nikolaos Cacos reports:

VANCOUVER, BC, Feb. 22, 2024 /CNW/ – Blue Sky Uranium Corp. (TSXV: BSK) (FSE: MAL2) (OTC: BKUCF) , "Blue Sky" or the "Company") is pleased to announce the results of a new Preliminary Economic Assessment ("PEA") for the Ivana Uranium-Vanadium deposit at the Company’s 100% owned Amarillo Grande Project in Rio Negro Province, Argentina. The updated PEA incorporates a new mineral resource estimate, in which approximately 80% of the resources are now in the Indicated category. The PEA demonstrates robust economics from a surficial mining operation, entailing 11 years of uranium and vanadium production:

PEA Highlights (All figures in US dollars) After-tax NPV 8%: $227.7 million

After-tax IRR: 38.9% After-tax Payback period: 1.9 years Pre-production Capital Cost: $159.7 million, includes $35.4 million contingency Life of mine ("LOM") Sustaining Capital Cost: $27.3 million, includes $5.4 million contingency Average LOM Total Cash Cost net […]

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