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TSX-V:GXU OTCQB:GVXXF

GoviEx Uranium

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Market:
TSX-V
Market Cap:
$63.59 m
Price
0.15 CAD
Change
0.00%
52 weeks high
0.20
52 weeks low
0.08

GoviEx is a mineral resource company focused on the exploration and development of uranium properties in Africa. GoviEx’s principal objective is to become a significant uranium producer through the continued exploration and development of its flagship mine-permitted Madaouela Project in Niger, its mine-permitted Mutanga Project in Zambia, and its other uranium properties in Africa.

Madaouela (Niger)
• Located approximately 10 km south of Arlit, and Areva’s mining subsidiaries of Cominak and Somair, in north central Niger.
• Deposits hosted within sandstones of the Tim Mersoi Basin.
• Approved Mad 1 Mine Permit (January 2016), and ESIA (July 2015)
• Infrastructure includes road access, labour, ground water, and available grid power.
• Integrated Development Plan (PFS) updated August 2015.
• Mineral Resource (November 2017) of 111 Mlbs U3O8 contained in the Measured and Indicated, and 28 Mlbs U3O8 contained in the Inferred category.
• Probable mineral reserves are 60.54 Mlb U3O8.
• Uranium recovery forecast at 93.7%.
• Annual production forecast at 2.69 Mlb U3O8 for 21 years
• Cash Operating Cost forecast at US$24.49 /lb U3O8.
• Start-up Capital Expenditure of US$359 million.
• NPV post all taxes and royalties, and for 100% of the Madaouela Project at US$70/lb U3O8 and 8% discount rate of US$340 million.
• Further recovery and cost optimization to be focus of future studies.

Mutanga (Zambia)
• Located approximately 200 km south of Lusaka, immediately north of Lake Kariba, at elevations of 500 metres to 960 metres.
• Mineral resource (November 2017) of 15.2 Mlbs U3O8 contained in the Measured and Indicated, and 44.9 Mlbs U3O8 contained in the Inferred category.
• Uranium deposits hosted within sandstones of the Escarpment Grit Formation of the Karoo Super Group.
• Preliminary Economic Assessment completed November 2017.
• 11-year mine life forecast producing 2.6 Mlbs U3O8 per annum.
• Uranium recovery forecast at 88%.
• Start-up Capital Expenditure of US$121 million.
• Cash Operating Cost forecast at US$31.1 / lb U3O8.
• Mine license granted; based on open-pit mining + heap leach.
• Infrastructure includes road access via 39 km gravel road, ground water, and available grid power (approximately 60 km away).

Falea (Mali)
• Located within the Falea-North Guinea-Senegal Neoproterozoic Basin
• Three licenses: Bala, Madini, and Falea.
• Mineral resource (October 2015) of 17.4 Mlbs U3O8 contained in the Measured and Indicated, and 13.4 Mlbs U3O8 contained in the Inferred category.
• In addition, contains 24 Mlbs Cu and 16 Moz Ag contained in the Measured and Indicated and 39 Mlbs Cu and 5 Moz Ag contained in the Inferred category.
• Only 5% of the 225 km2 land package has been explored.
• Most known ore zones remain open for exploration.
• Considerable technical and environmental work completed to date.
• Forecast underground mining operation.
• Process route includes recovery of copper and silver.
• Road and air access, including a gravel airstrip on-site.

Govind Friedland - Executive Chairman
Govind Friedland is a geological engineer from the Colorado School of Mines. Prior to forming the Company, Mr. Friedland provided business development services to Ivanhoe Mines Ltd. and Ivanhoe Energy Inc. throughout the Asia Pacific Region for over half a decade.

From 2007 to 2011, as Chief Executive of the Company, Mr. Friedland was primarily responsible for raising approximately $100 million to fund acquisitions, finance exploration and pursue other corporate initiatives focused on the Company's uranium assets in Niger. Mr. Friedland championed the Company’s policy of employing a 100% local workforce in Niger as the new paradigm for sustainable development in the region.

Mr. Friedland is also a co-founder of Ivanhoe Industries, the parent company of I-Pulse Inc., a hi-tech company providing innovative solutions for mining, oil & gas, and advanced manufacturing sectors based in Toulouse France.

Mr. Friedland, currently the Company’s Executive Chairman of the Board of Directors, earned his degree in Geology and Geological Engineering from the Colorado School of Mines in 2000 with a focus on Exploration Geology. While attending CSM, Mr. Friedland was distinguished as the recipient of the prestigious Brunton Award for his excellence and expertise in field mapping. From 2002 to 2011, Mr. Friedland was based in Beijing, China and possesses a unique multicultural background having lived much of his life in Asia immersed in the mineral exploration industry.

From 2003 until 2005, Mr. Friedland worked for Ivanhoe Energy Inc. and Ivanhoe Mines Ltd. as Business Development Manager for the Asia Pacific Region. Prior to that, Mr. Friedland was a Field Engineer for Kiewit Pacific, a division of Peter Kiewit & Sons.

Mr. Friedland draws on experience having worked at Kiewit Pacific on the planning, mobilization, and execution of several multibillion dollar projects including Level 3 Communications, a $6 billion design build high-tech contract, the Oakland-San Francisco New Bay Bridge, a $1.2 billion job which involved heavy civil engineering and construction, and in China. Mr. Friedland also has particular mineral exploration and development expertise throughout Asia and North America. Mr. Friedland was part of the regional exploration team that first discovered the Voisey’s Bay Nickel-Copper-Cobolt discovery in Labrador Canada in 1996, which was ultimately sold to Inco for $4.3 billion.

Daniel Major - Chief Executive Officer
Daniel Major is a mining engineer from the Camborne School of Mines in the UK. His career spans over 30 years in the mining industry where he has established a solid track record initially with Rio Tinto at the Rossing Uranium Mine in Namibia and later as a mining analyst with HSBC Plc followed by JP Morgan Chase & Co. in London. More recently Mr. Major was Chief Executive and later Non-Executive Chairman of Basic Element Mining and Resource Division in Russia, and held leadership positions in several Canadian listed mining companies with exploration and producing assets in Canada, Russia and South America. Daniel joined GoviEx in 2012 as a director and as CEO, and has been responsible for the transition of the company from explorer to developer.

Lei Wang - CFO
Lei Wang, CPA, CGA, has more than 20 years of experience in the natural mineral resources sector. Ms. Wang has been integrally involved in all areas of financial reporting, regulatory compliance, treasury, tax and corporate finance activities for both publicly traded resource companies and privately held companies. Ms. Wang has held various financial roles, including CFO, in the Canadian mineral resources industry since 2001, and prior to that, Ms. Wang worked at Schlumberger in Aberdeen, Scotland and Glencore International in Beijing, China.

 

Email: [email protected] 
Phone: 604-681-5529