![]() Of the five zones, R1515W, R8400W, R00E, R780E and R1620E (west to east), only Zones R00E and R780E have been incorporated into the current PFS. ![]() Mineralization occurs as stacked near-vertical lenses and has been traced in five zones over a 3.18km east-west strike (Exhibit 2). ![]() Patterson Lake South Project Location within the Athabasca Basin Source. The Project is built upon the high-grade, basement-hosted, near surface Triple R deposit within the Patterson Lake Conductive Corridor. PLS Uranium Project Shown to have Robust Economics and Optionalityįission Uranium’s flagship PLS Project is located in the southwest Athabasca Basin and is accessible year-round via Highway 955 (Exhibit 1). We outline the relevant details and we highlight some Fission Uranium advantages that make the company a stand-out below. Work is underway to complete an expected PFS (summer 2019) that would be underground-only. Since making the Triple R discovery in 2012 on PLS, Fission Uranium, explorer turning developer, has kept advancing the PLS Project and this April, 2019 released a PFS envisioning a combined open pit and underground scenario, as well as a preliminary PEA-level scenario involving just an underground operation. Large ~310km 2 PLS land position with exploration potential including along a prospective 3.2km mineralization trend hosting numerous conductor targets.Issued a robust PFS for Zones R780E and R00E in April – outlined below.Patterson Lake South (PLS) a Mining Journal Outstanding Achievement Awards winner for ‘Exploration Project of the Year’(December 2015).President, COO & Director Ross McElroy: PDAC 2014 ‘Bill Dennis Award for Exploration Success’, Norther miner ‘Person of the Year 2013’.Chairman & CEO Devinder Randhawa: Finance Monthly ‘Dealmaker of the Year 2013’, Northern Miner ‘Person of the Year 2013’.Feasibility-level mine design, scheduling and cost estimation.Convert Inferred Resources from R780E, R00E to Indicated with 20 planned drill holes and 40 in-fill drill holes for zones outside of the current PFS resource.Fission Uranium targeting a Feasibility Study within ~2 years.New Prefeasibility Study (PFS) with a focus on an underground-only mining scenario (Summer 2019).Future drill program aimed to upgrade and expand on the current resource – positive resource upgrade results would be expected to de-risk the project and could increase the project valuation should the resource be expanded.
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