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Article: Mongolia : Khan Sets Out Development Plan for Dornod Uranium Project in Mongolia.
- Article from:
- TendersInfo
- Article date:
- September 29, 2009
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Khan Resources Inc. (TSX:KRI) today announced its development plan for the Dornod Uranium Project ("Project") in the Republic of Mongolia. Aker Solutions of Toronto completed a Definitive Feasibility Study ("DFS") for Khan in March 2009, which demonstrates an internal rate of return after tax of 29.1% for the Project at a long-term uranium price of US$65 per lb. of U3O8, and assumes a three year construction period after the awarding of engineering contracts. "The DFS confirms that Khan's Dornod Uranium Project is one of the most economic of the next generation of uranium mines and is poised to come into production in short order during the period of expected higher ...