Azarga Uranium Corp.

10:57 AM EST - Azarga Uranium Corp. : Announced the positive results of an independent Preliminary Economic Assessment on its flagship Dewey Burdock In-situ Recovery Uranium Project in South Dakota, following an updated mineral resource estimate. The PEA has been prepared in accordance with the requirements of National Instrument 43-101. Pre-income tax IRR of 55% and NPV of $171.3 million U.S. (at $55 U.S. per pound uranium sales price and 8% discount rate). Post-income tax IRR of 50% and NPV of $147.5 million U.S. (at $55 U.S. per pound uranium sales price and 8% discount rate). Low initial capital expenditures estimated at $31.7 million U.S. Direct cash operating costs estimated at $10.46 U.S. per pound of production. Azarga Uranium Corp. shares T.AZZ are trading unchanged at $0.18.