Blue Sky Uranium Contact Shawn For More Information [email protected]

Jan 20, 2023

Blue Sky Uranium Corp. (TSXV:BSK) (OTCQB: BKUCF)

“As more permits to conduct exploration work are being granted for the undrilled Cateo Cuatro and Ivana East targets, we want to be sufficiently funded to continue our exploration program in the Ivana area of the Amarillo Grande Project. These targets represent some of the most prospective areas for discovering additional uranium resources to add to our already significant Ivana deposit,” stated Nikolaos Cacos, President & C.E.O.

Call Shawn Perger for more information 778-686-0135

Aggressively exploring and developing it’s 100% owned Amarillo Grande Project located in the world’s newest uranium/vanadium district:

  • The district-scale project in the Rio Negro province is the most advanced candidate to be the first low-cost, domestic uranium supplier in Argentina
  • PEA for the Ivana deposit provides an initial view of the potential viability of the resources and guidance for future exploration and development processes
  • 22.7 Mlbs uranium and 11.5 Mlbs vanadium in initial current mineral resource
  • Exploration program on-going at Ivana Central, North, Este and Cateo Cuatro targets
  • Strong exploration and resource expansion potential with an updated resource expected imminently

2019 PEA figures and highlights include:

  • NPV8% of US$135.2M at an LOM all-in ASIC of US$18.27/lb U308
  • IRR of 29.3% and payback period of 2.4 years
  • Initial CAPEX of US$128.1M and LOM sustaining CAPEX of US$35.5M
  • Average annual LOM production of 17.5 Mlbs U308 with a 13-year mine life
  • Simple two-stage processing of mineralized material achieves 85% recovery of uranium

NI 43-101 resource estimate for the Ivana uranium-vanadium deposit is the largest in Argentina with continuously growing exploration potential:

  • Control of a uranium/vanadium district that is open for expansion & new discoveries
  • Resources are shallow, starting at surface, in loosely consolidated material
  • Ivana Deposit: open for expansion & upgrading – recent drill program completed; advanced process design test work underway
  • Ivana Central & North: previous exploration exposed potential for blind deposits and geological footprints comparable to Ivana Deposit
  • Cateo Cuatro & Ivana East: initial results confirm geological similarities to Ivana Deposit

Recent results and highlights from the aggressive ongoing district scale exploration program include:

  • 3,346 m resource expansion/upgrade drilling program recently completed at Ivana deposit; process testwork program on-going
  • Positive results from step-out drilling to the W/SW suggests the opportunity for expansion of resources in future resource estimates
  • 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
  • Cateo Cuatro: comprehensive program to refine targets: mapping, auger drilling, radiometric surveying, seismic and/or IP tomography surveys; RC drilling planned

Strong investor outreach with 3rd party IR groups engaged along with a heavy focus on media coverage and newsletter engagement:

  • Significant focus on outbound outreach from the Grosso Group team
  • Targeting Institutional Investors that focus on uranium, energy, and high-growth stocks

Argentina is the largest generator of electricity from nuclear energy in South America. The country is working to further expand their nuclear energy sector with additional power plants, but currently lacks domestic uranium production. Argentina’s desire for security of supply could provide a “guaranteed” first customer for a new domestic supplier. Large scale production could make Argentina a strategic exporter of uranium to the international nuclear energy sector.

Shawn Perger
Investor Relations
[email protected]

https://blueskyuranium.com/

Related Posts

Tags

Share This