Gryphon (Wheeler River) PFS: C$864M NPV, 37.6% IRR
Denison Mines Corp.'s Gryphon (Wheeler River) in Athabasca Basin, Northern Saskatchewan, Canada has a Pre-Feasibility Study (PFS) outlining an after-tax NPV of C$864M, an after-tax IRR of 37.6%, and initial capital of C$737M. The proposed mine plan runs 6.5 years.
Denison Mines Corp.'s Gryphon (Wheeler River) has reported Pre-Feasibility Study (PFS) results for the uranium (u3o8) project in Athabasca Basin, Northern Saskatchewan, Canada. The study headlines an after-tax net present value of C$864M at a 8% discount rate. It reflects Denison Mines Corp.'s (DML.TO) latest disclosed economics for the asset.
Economics. The after-tax NPV is C$864M using a 8% discount rate. After-tax IRR is 37.6%. Initial capital expenditure is estimated at C$737M. The study models a payback period of 1.91667 years. All-in sustaining costs are pegged at 25.47 USD/lb U3O8. Economics are based on US$75/lb U3O8.
Production and mine plan. The project envisions an underground operation. Life of mine is 6.5 years. Average head grade is 1.8% U3O8 (reserves); 1.7% U3O8 (indicated resources).
Resources and ownership. Mineral reserves: 49.7 million lbs U3O8 in Probable reserves (1,275,000 tonnes at 1.8% U3O8). Mineral resources: 61.9M lbs U3O8 @ 1.7% U3O8 Indicated (1,643,000 tonnes, 100% basis); plus 1.9M lbs U3O8 Inferred (73,000 tonnes @ 1.2% U3O8). The company holds a 95% interest in the project.
These figures are extracted from Denison Mines Corp.'s technical disclosures and reflect the most recent PFS 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.