(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
Issued: 74,857,022
SOURCE DNI Metals Inc.