Alto Paraná titanium project

Name of the Project

Alto Paraná titanium project. Location

Paraguay.

Project Owner/s

CIC Resources, a wholly owned subsidiary of Uranium Energy Corp.

Project Description

The project has a combined regional resource of 3.6-billion tonnes grading at 7.3% titanium oxide. A base case and a more tentative stretch case for the production of high titania slag and high-purity pig iron have been evaluated.

Using inferred and indicated resources, the base case design envisages a 150 000 t/y high titania slag and 100 000 t/y high-purity pig iron operation over a 23-year mine life. The stretch production case design proposes a 500 000 t/y high titania slag and 320 000 t/y high-purity pig iron operation over a 23-year mine life.

Potential Job Creation

Not stated.

Net Present Value/Internal Rate of Return

The base case design has an estimated aftertax net present value (NPV), at an 8% discount rate, of $419-million and an internal rate of return (IRR) of 21%, with a payback of 4.7 years. The stretch production case design has an aftertax NPV estimated at $1.55-billion using an 8% discount rate and an IRR of 25%, with a payback of 4.2 years.

Capital Expenditure

Startup capital expenditure is estimated at $388-million in the base case and at $918-million in the stretch production case design.

Planned Start/End Date

Not stated.

Latest Developments

None stated.

Key Contracts, Suppliers and Consultants

None stated.

Contact Details for Project Information

Uranium Energy Corp VP of corporate development Bruce Nicholson, tel +1 361 888 8235 or email bnicholson@uraniumenergy.com.