NEWS RELEASE - January 17, 2014
DNI METALS INC. (DNI : TSX-Ven)(DG7 : Frankfurt)
DNI'S PRELIMINARY ECONOMIC ASSESSMENT TECHNICAL REPORT FOR ITS BUCKTON POLYMETALLIC BLACK SHALE DEPOSIT, ALBERTA, FILED TO SEDAR
DNI METALS INC. (DNI:TSX-Ven)(DG7:FSE) announces that the independent NI 43-101 Preliminary Economic Assessment Technical Report for its polymetallic Buckton Deposit (the "PEA"), Alberta, has been completed and filed to Sedar.
A summary of findings from the PEA were announced in a press release issued December 5, 2013. The full report, "Preliminary Economic Assessment For The Buckton Deposit, SBH Property, North-East Alberta", dated January 17, 2014, with an effective date of December 5, 2013, prepared by P&E Mining Consultants Inc., Apex Geoscience Ltd. and Cron Metallurgical Engineering Ltd., can be obtained from
www.sedar.com and from DNI's website
www.dnimetals.com.
As announced, the PEA demonstrates that the Buckton Deposit has the potential to be a significant supplier of Uranium and REE. The mining design is a low strip ratio, high tonnage co-production of Ni-U-Zn-Cu-Co-REE-Y from the Labiche and Second White Speckled formations. The metals extraction design basis, as formulated by Hatch Ltd. for the PEA, is bio-heap leaching, followed by metals extraction from the leach solution, and a process plant for separating purified individual REE oxides. The projected average annual production capacity is approximately 1 million pounds of uranium yellowcake and 5,500 tonnes of rare earth oxides, of which over 40% are made up of heavy rare earth elements. The PEA also identified a number of key opportunities which can significantly enhance economics through strategic cost reductions and/or revenue enhancements, some of which can be achieved with minimal additional testwork.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
DNI - TSX Venture
DG7 - Frankfurt
Issued: 74,857,022
For further information, contact:
DNI Metals Inc. - Shahe Sabag, President & CEO or Denis Clement, Chairman - 416-595-1195
email
ir@dnimetals.com. Also visit
www.dnimetals.com
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Polymet Mining Corp
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CODE : POM.TO |
ISIN : CA7319161021 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Polymet is a copper and nickel development stage company based in Canada. Polymet holds various exploration projects in USA. Its main exploration property is NORTHMET in USA. Polymet is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 909.5 millions as of today (US$ 727.2 millions, € 637.0 millions). Its stock quote reached its lowest recent point on March 27, 2020 at CA$ 0.26, and its highest recent level on September 04, 2020 at CA$ 8.30. Polymet has 318 549 984 shares outstanding. |