MACUSANI YELLOWCAKE Inc. - Explora uranio en Macusani.

1.- Company Profile

Macusani Yellowcake Inc. is a Canadian uranium exploration and development company currently focussed on the exploration of its Kihitian Property on the Macusani Plateau in south-eastern Peru. The Company owns a 99.5% interest in concessions which cover over 50,000 hectares (500 km2) and are situated near significant infrastructure. Recent drilling carried out by the Company continues to demonstrate high-grade uranium intersections at Kihitian from which the Company plans to advance to a resource estimate by 2012. Macusani Yellowcake is listed on the TSX Venture Exchange under the symbol 'YEL' and the Frankfurt Exchange under the symbol 'QC1'.

Investment Highlights

• Share cash value of $0.13 - sufficient to carry out exploration plan to the end of 2013
• U3O8 Resources: 0.3 M lbs Measured, 10.1 M lbs Indicated, and 17.0 M lbs Inferred
• Exploration target of 50-100 M lbs Uranium in 2012
• Large, near surface pittable deposits; estimated cash cost of $22 /lb (PEA Apr 2010)
• Resource friendly jurisdiction of Peru with superb infrastructure (roads, power, water, labour, etc.)

 More about us

Upcoming Milestones

• Q4 2011 - Kihitian: 3 drills currently turning; steady stream of further assays expected. NI 43-101 resource statement following drilling.
• 2012 - Kihitian: Drilling programme on shallow 'A' and deeper high grade 'B' zones. Expanded 43-101 encompassing multiple Kihitian deposits.

World Class Management Team
The board of directors and senior management team have a wealth of experience with uranium and working in South America. The Company is headquarted in Toronto with field offices in Peru.


Responsible Exploration Practices
Macusani Yellowcake is committed to balancing profitability with sustainable development practices. By working closely with the local community and Peru goverment officials, the Company is helping realize the potential of the Peru's vast mineral wealth in a sustainable way.


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2.- Management Team

Peter Hooper

President and CEO

B.Sc., Mining Engineering

A senior mining executive with broad-based experience in production, engineering, reorganization and training, contracting, exploration and corporate affairs, Peter has a long track record in the mining industry in South Africa, Canada, Australia and Ghana. He has provided consulting engineering to projects in Canada, USA, Cuba, Columbia, Venezuela, Mexico, Chile, South Africa, Zimbabwe, Australia, Kyrgyzstan, Kazakhstan, Uzbekistan, Russia, Saudi Arabia and France.

Peter was the General Superintendent, Mine Manager, of Beaver Lodge Uranium Mine 1978 -1981, a mine that produced 4,000,000 lbs of uranium and belonged to Eldorado Nuclear, a government-owned agency which was later privatized and became Cameco Uranium, currently the largest producer of uranium in the world. During Peter's tenure the mine was modernized and mechanized. The digital equipment used world-wide to monitor uranium and radiation by-products was designed by the Canadian Government laboratories and tested at the mine during this period. As a consultant, Peter spent two years on a project exploring ways to handle and store the hot radiometric waste produced from Canada's Candu nuclear reactors.

Laurence Stefan

Managing Director, Peru

M.Sc. (Geology & Mining Engineering) & Ph.D. (Economic Geology)

Laurence Stefan is the founder of the Colibri Group of Companies in Peru and Managing Director of Minera Colibri. He has conducted metallurgical and mineralogical evaluation of over 200 mining and exploration projects throughout Central and South America, Europe, Africa and Asia and has compiled in excess of 1000 in-house reports: geological, mineralogical, mineral processing, engineering, mining activity, structural set-up, exploration strategies, resource/reserve evaluation and financial modelling.

He has deep operational experience in the fields of exploration, processing, pilot mining, legal evaluation, labor and social interaction in South America over the past twelve years. He has been involved in basic and specialised research in uranium metallurgical, recovery and enrichment programs at various gold-uranium mines along the Witwatersrand Basin in South Africa.

Philip Gibbs

Chief Financial Officer

Chartered Management Accountant

A Chartered Management Accountant with extensive financial management experience in large corporate environments in the manufacturing and retail sectors, both in North America and in Africa. Philip's multi-disciplinary exposure includes areas of Market Research, Logistics and IT Systems implementations, providing a broad base of business acumen suited to growing businesses.

3.- Sustainable Exploration & Development

Macusani Yellowcake is committed to balancing investor loyalty with responsible exploration and development practices.

Social Responsibility

The company aims at complying with the UN Global Impact and the ICMM (International Council on Mining and Metals) principles and policies. The company sees ethical behavior, integrity and adherence to Corporate Social Responsibility ('CSR') principles as a necessary condition and leverage to create value and develop sustainable business for all its stakeholders, shareholders, employees, business partners and the community at large.

Our core principles related to sustainable development include:

Accountability:

• We integrate sustainable development considerations within our corporate governance practice and local decision making process
• We implement a management system focused on continual improvement to review, prevent, mitigate or ameliorate adverse impact of our operations
• We comply with the requirements of host-country laws and regulations

Transparency:

• We provide information that is timely, accurate and relevant
• We engage with and respond to stakeholders through open consultation processes
• We demand transparency in all transactions with stakeholders

Stakeholder interest:

• We have a constructive engagement with our stakeholders, we consult in the identification, assessment and management of all significant social, health, safety, environmental and economic impact associated with our activities and aim at finding win-win solutions
• We inform potentially affected parties and authorities of significant risks from mining operations and of the measures that will be taken to manage the potential risks effectively

Sustainability:

• We implement good practice and innovate to improve social, environmental and economic performance while enhancing shareholder value
• We have Zero-tolerance for bribery and corruption
• We seek to contribute to sustainable development within national development strategies

Environmental Stewardship

Macusani Yellowcake firmly believes that minimizing the environmental impacts of its activities and building cooperative working relationships with local communities is not only a good business practice, it is essential for the long-term operation of the company and ultimately a necessity to achieve the best possible outcome for shareholders.

The Company adheres to the E3 Environmental Excellence in Exploration guidelines, which was developed by the Prospectors and Developers Association of Canada and is considered to be the guiding standard for environmental protection in the mineral exploration business.

Workplace Health and Safety

Macusani Yellowcake has been proactive in developing good practices related to a safe and healthy workplace for employees, contractors, subcontractors, and local populations. The company is committed to continuously looking for opportunites to minimize risks with the aim of preventing accidents and occupational related illnesses.

http://www.macyel.com/profile/sustainability.php

4.- Properties Overview

Highlights

• The company is exploring a major uranium concession in southeastern Peru
• Concessions cover over 50,000 hectares (500 km²) in the Puno District
• Excellent infrastructure: readily available supply of labour, water and power; transport (major highway runs through properties); plentiful supply of sulphuric acid
• NI 43-101 resource statements completed for Corachapi and Colibri 2 & 3 projects
• Exploration currently focused on several high-grade anomalies on the Kihitian project

Key Exploration Targets

Target	Ownership	Summary
Kihitian	99.5%	Current exploration focus. Over 40 drill holes to date demonstrating continuous high-grade mineralization over a strike length of 700 m. Initial NI 43-101 report expected Q4 2011. Learn more
Corachapi	99.5%	Drilling to date includes 10,000m (193 holes) by previous owner and 50 confirmation holes; only 32% of strike drilled to date and open at depth. NI 43-101 completed Oct 2010. Learn more
Colibri 2 & 3	99.5%	123 diamond drill holes to date; 20% of strike length yet to be drilled and open at depth. Updated NI 43-101 completed Sep 2010. Preliminary Economic Assessment completed Jun 2010. Learn more

Mineral Resources

Location

The concession area is situated in the relatively flat Altiplano of the Eastern Cordillera of the Andes Mountain Range. Elevation ranges from 4334m to 4580m above sea level. The nearest towns to the project are Macusani and Corani.

The closest airport to the project area is Juliaca which is approximately 180km from the southern boundary of the concession. The Juliaca airport receives daily flights from Lima and Cusco. The Interoceanic Highway passes 11km to the east of the property. An untarred road, in good condition, connects the project area to the Interoceanic Highway.

Geology

During the Miocene Period (between 24 to 20 million years ago), several volcanic centres in the Macusani District in Puno, southeastern Peru, were active. The animation below illustrates the how the acidic lavas formed into uranium-rich rocks.

Local Geology

In the Macusani region, late Tertiary tuffs, ignimbrites and associated sediments are preserved in a NW-SE trending graben. Much of the Early Tertiary and Mesozoic cover were eroded prior to deposition of the pyroclastics so they were deposited in part directly on the Palaeozoic rocks including Late Palaeozoic intrusives (Hercynian granites) and extrusives (Mitu volcanics).

The geological plan of the area indicates that the concession is underlain by rocks of the Neogene Period, Quenamari Formation (dated between 22.5Ma to 1.8Ma). The youngest rocks (Pliocene Epoch) are known as the Yapamayo Member and these outcrop over the Colibri Project. The older Sapanuta and Cacacuniza Members (Miocene Epoch) underly the Yapamayo Member.

The known uranium occurrences in the Macusani area identified by the International Uranium Resources Evaluation Project (IUREP) are associated with Pliocene Quenamari Formation tuffs, ignimbrites and interbedded sediments in a NW_SE trending graben. Uranium in the form of pitchblende, uranophane, gummite and meta-autunite occurs predominantly in a fluvio-lacustrine sediment between two pyro-clastic units. The thickness of the sedimentary unit varies from less than 1m to over 5m.

Other uranium minerals are indicated by IUREP (1984) to be hosted in acidic volcanic rocks of rhyolite composition that cover large areas of the Macusani Plateau in horizontal formations from surface to a depth of about 100m but these appear to be lenticular or confined to fracture zones.

Project Geology

The deposits are hosted by acidic tuffs with pyroclasts of size 60mm to sub-macroscopic. The main minerals constituting the tuff are quartz, orthoclase and plagioclase in a groundmass of amorphous glass. A crude bedding was evident some outcrops based on strata containing larger and smaller pyroclasts as well as differential weathering. In both cases a flat dipping tuff is interpreted.

Photo Gallery

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1.- New Reactors Fueling Uranium Demand

The primary commercial use for uranium is to fuel nuclear reactors for the generation of electricity. There are 436 reactors operating worldwide, and a total of 521 new reactors that are under construction, planned, or proposed for completion within the next 10 years. With increased demand for electricity and a movement towards clean energy generation, the number of proposed and planned nuclear reactors has seen a two-fold increase over the last 4 years.

New Reactors by Country

With the emerging economies and resulting energy requirements of China, Russia, and India, it is not surprising that these three countries account for 274 (or 53%) of the 521 new reactors that are under construction, planned, or proposed.

Uranium Supply vs. Demand

In 2008 mines supplied 43,760 tonnes of uranium satisfying 68% of utilities' annual requirements. The balance of supply for utilities is currently made up of secondary sources including stockpiled uranium, but those civil stockpiles are now largely depleted. As illustrated by the chart below, there is a large anticipated gap between primary uranium production and the growing demands of the nuclear energy industry.

 

Fuente: http://www.macyel.com/uranium/ 

2.-  Long-term Uranium Price

Uranium is not traded on an organized commodity exchange such as the London Metal Exchange. Instead buyers and sellers typically negotiate contracts and pricing privately. It is estimated that 80% to 85% of all uranium has been sold under long-term, multi-year contracts with deliveries starting 1 to 3 years after the contract is made. Long-term contract terms range from 2 to 10 years, but typically run 3 to 5 years, with the first delivery occurring within 24 months of contract award. They may also include a clause that allows the buyer to vary the size of each delivery within prescribed limits. For example, delivery quantities may vary from the prescribed annual volume by plus or minus 15%.

Uranium Spot Price

The remaining 15-20% of uranium that is bought and sold is largely based on the spot price. A spot market contract usually consists of just one delivery and is typically priced at or near the published spot market price at the time of purchase. Uranium price indicators accepted by the nuclear industry are published by independent market consultants Ux Consulting and TradeTech. The uranium spot price is typically more volatile than the long-term uranium price.

Uranium Futures

In 2007 the New York Mercantile Exchange announced a 10-year agreement to provide for the trade of on and off exchange uranium futures contracts. Uranium futures are traded under ticker symbol UX in U.S. dollars and cents per pound.

http://www.macyel.com/uranium/uranium-price.php

3.- Drivers for the Nuclear Energy Renaissance

here are several key factors that are contributing to a renewed emphasis on nuclear energy:

Increasing Energy Demand

Relative to 1980, global population growth in combination with industrial development will lead to a near doubling of electricity consumption by 2030 (Source: World Energy Outlook, OECD/IEA, 2008). In addition to this growth, there will be a need to renew the current generating facilities in the Canada, USA and the EU over the same period. An increasing shortage of fresh water calls for energy-intensive desalination plants, and in the longer-term, if hydrogen production for transport purposes becomes feasible, it will likely require large amounts of electricity and/or high temperature heat.

Climate Change

Increased awareness of the dangers and effects of global warming and climate change has led decision makers, media and the public to realize that the use of fossil fuels must be reduced and replaced by low-emission sources of energy, such as nuclear power, the only readily available large-scale alternative to fossil fuels for production of continuous, reliable supply of electricity.

Economics

Increasing fossil fuel prices have greatly improved the economics of nuclear power for electricity now. Several studies show that nuclear energy is the most cost-effective of the available base-load technologies. In addition, as carbon emission reductions are encouraged through various forms of government incentives and emission trading schemes, the economic benefits of nuclear power will increase further.

Insurance Against Future Price Exposure

A longer-term advantage of uranium over fossil fuels is the low impact that increased fuel prices will have on the final electricity production costs, since a large proportion of those costs is in the capital cost of the plant. This insensitivity to fuel price fluctuations offers a way to stabilize power prices in deregulated markets.

Security of Supply

A re-emerging topic on many political agendas is security of supply, as countries realize how vulnerable they are to interrupted deliveries of oil and gas. The abundance of naturally occurring uranium and the large energy yield from each tonne of it makes nuclear power attractive from an energy security standpoint.
As the nuclear industry is moving away from small national programmes towards global cooperative schemes, serial production of new plants will drive construction costs down and further increase the competitiveness of nuclear energy.

Source: World Nuclear Association 

http://www.macyel.com/uranium/nuclear-renaissance.php 

4.- Nuclear is Part of the Clean Energy Solution

Clean electricity from 'new renewables' - solar, wind, biomass and geothermal power - deserves strong support. But the collective capacity of these technologies to produce electricity in the decades ahead is limited. The International Energy Agency projects that, even with continued subsidy and research support, these new renewables can only provide around 6% of world electricity by 2030.

Environmentalists have played a valuable role in warning that catastrophic climate change is a real and imminent danger. It is crucially important that they be equally realistic about solutions. Even with maximum conservation - and a landscape covered by solar panels and windmills- we would still need large-scale source of around-the-clock electricity to meet much of our energy needs.

Nuclear power - like wind, hydro and solar energy - can generate electricity with minimal carbon dioxide or other greenhouse gas emissions. The critical difference is that nuclear energy is the only proven option with the capacity to produce vastly expanded supplies of clean electricity on a global scale.

Far from being competitors, nuclear power and 'new renewables' are urgently needed as partners if the world's immense clean energy needs are to be met.

The International Energy Agency of the Organisation for Economic Co-operation and Development(OECD) is the intergovernmental body that analyses global energy demand. In the private sector, theWorld Energy Council performs similar assessments. The projections by both organisations point inexorably to the same conclusion: Our world cannot meet its expanding energy needs - cleanly - without a sharp expansion of nuclear energy.

Source: World Nuclear Association

"Nuclear power has to be part of the solution. Can we really understand the notion of risk? Nuclear plant versus carbon emissions - which will and has killed more people?"

- John Hennessey, President, Stanford University 


"Environmental activists, notably Greenpeace and Friends of the Earth, continue to lobby against clean nuclear energy. We can agree renewable energies, such as wind, geothermal and hydro are part of the solution. But nuclear energy is the only non-greenhouse gas emitting power source that can effectively replace fossil fuels and satisfy global demand."

- Patrick Moore, Environmentalist Founder of Greenpeace

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