This profile is part of a campaign paid for by Plateau Uranium Inc. Plateau Uranium Inc., formerly Macusani Yellowcake Inc., has successfully consolidated all known uranium resources on the Macusani Plateau in Puno, Peru, solidifying a dominant position in one of the largest undeveloped uranium districts in the world. The 2013 Resource Estimate shows 49.7 million lbs U3O8 Measured & Indicated resources, plus an additional Inferred resource of 47.5 million pounds U3O8. These numbers represent exploration drilling from only a small portion of the 1,000 sq km land package. An updated Resource Estimate and PEA is underway which is expected to further expand the resource and improve the already impressively low production costs for the project. In fact, Macusani, by way of its 2013 PEA, holds the distinction of the lowest published preliminary economics for a uranium developer with a conventional/non-ISR project. Plateau Uranium is near term focus is moving the project toward the feasibility-stage and helping the government of Peru develop its uranium mining regulations and its industry.
The Company is led by CEO Ted Connor and Chairman Ian Stalker, making a highly experienced team specializing in a range of skills across project stages. Mr. Connor is a highly-regarded economic geologist with decades of experience in uranium exploration and development, including a 19-year long career with industry heavyweight Cameco. Mr. Stalker is the former CEO of UraMin Inc., which was acquired by Areva for US$2.5 billion in August 2007, and has been a director of Plateau Uranium since September 2014.
Peru is recognized around the world as a prime mining jurisdiction with significant existing infrastructure and a supportive government. The nation ranked #2 in Latin America and #30 worldwide in the Fraser Institute 2014 list of top mining investment destinations.
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