(DNI : TSX-Ven)
(DG7 : Frankfurt)
TORONTO, Jan. 17, 2014 /CNW/ - 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
SOURCE: DNI Metals Inc.
For further information:
DNI Metals Inc. - Shahe Sabag, President & CEO or Denis Clement, Chairman - 416-595-1195
email firstname.lastname@example.org. Also visit www.dnimetals.com