Churchrock–Crownpoint (Crownpoint-Churchrock) PEA: $239M NPV, 56% IRR
Laramide Resources Ltd.'s Churchrock–Crownpoint (Crownpoint-Churchrock) in Grants Mineral Belt, New Mexico, U.S.A. has a Preliminary Economic Assessment (PEA) outlining an after-tax NPV of $239M, an after-tax IRR of 56%, and initial capital of $48M. The mine plan runs 32 years at about 1 Mlb U3O8 per year.
Laramide Resources Ltd.'s Churchrock–Crownpoint (Crownpoint-Churchrock) has reported Preliminary Economic Assessment (PEA) results for the uranium project in Grants Mineral Belt, New Mexico, U.S.A.. The study headlines an after-tax net present value of $239M at a 8% discount rate. It reflects Laramide Resources Ltd.'s (LAM.TO) latest disclosed economics for the asset.
Economics. The after-tax NPV is $239M using a 8% discount rate. After-tax IRR is 56%. Initial capital expenditure is estimated at $48M. All-in sustaining costs are pegged at 34.83 USD/lb. Economics are based on $75/lb U3O8.
Production and mine plan. The project envisions an isr (in-situ recovery) operation. Life of mine is 32 years. Average annual production is approximately 1 Mlb U3O8. Metallurgical recovery averages 68%.
Resources and ownership. Mineral resources: Churchrock Inferred: 33.88M tonnes @ 0.075% U3O8 = 50.82 Mlbs U3O8; Crownpoint Inferred: 4.16M tonnes @ 0.102% U3O8 = 5.08 Mlbs U3O8.
These figures are extracted from Laramide Resources Ltd.'s technical disclosures and reflect the most recent PEA on file. Compare this project against other developers and producers in our project economics database, and always verify the numbers against the original technical report before making any investment decision.