Mining Project

Amarillo Grande

Photo 1

General Information

  • Investment Company:  BLUE SKY URANIUM CORPORATION
  • Operating Company:  MINERA CIELO AZUL S.A.
  • Source of Capital:  Canada
  • Address:  Sobremonte 579 - (5500) - Mendoza - Provincia de Mendoza
  • Phone:  54-(0)-261 425-9567/76
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Project Details

– Location

Rio Negro province

– Description

Uranium sandstones and superficial project covering distrital scale potentially comprising multiples deposits

– Minerals

Uranium - Vanadium

– Stage

Exploration

– Capital Cost

$128,000,000.00

– Mine Operation

Quarry tipe mining down to 30 m with no requirement of drilling, blasting and crushing (PEA)

– Processing

Physical Preconcentration and alkaline leaching (PEA)

– Average Annual Production

1.35 mm lb. U308 (PEA)

– Remaining Life

13 Years

– Resources & Reserves

22.7 million pounds of uranium and 11.5 million pounds of vanadium as Inferred resource (28 MT with 311 ppm uranium grade and 107 ppm vanadium grade)

Project Photos

Mining Project Photo 1
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Additional Comments

  • Amarillo Grande covers 145 km long trend of uranium mineralization (near-surface, very good grades, leachable, potentially upgradeable at low cost) Amarillo Grande has three high-priority properties: Ivana, Anit and Santa Barbara. Results from the PEA (Preliminary Economic Assessment) include: CAPEX of US$128 million, 2 years construction and 13 years of production with an average mining rate (waste + mineralized material) of 13,000 tpd, processing throughput of 6,400 tpd, also as metallurgical recoveries of 84.6% for uranium and 52.5% for vanadium. High potential to add new resources thanks to high exploration potential.

  • Current Program

  • 3,346 m RC drilling program complete at Ivana Deposit, partial results received:

  • Positive results from step-out drilling to the W/SW suggests the opportunity for expansion

  • Positive results within and at the margins of the deposit in areas of low drill density will facilitate upgrading of resources for future engineering studies

  • 2023 leach testing on bulk sample: Alkaline leach stage recovered 96% of Uranium & 35% of Vanadium

  • 4,500 m exploration drilling program underway at Ivana North & Ivana Central

  • Each target covers an area of approx. 4x7km

  • 1,591m in 40 holes completed at Ivana North

  • 2,637m in 43 holes completed in Ivana Central, with pending results

  • Continue the drilling program is being prioritized

  • New program initiated at regional targets:

  • Ivana East ––up to 1,200m RC shallow drilling program planned to test blind targets

  • Cateo Cuatro - RC drilling planned, following the Ivana East drill program