Midwest PEA: C$965M NPV, 82.7% IRR
Denison Mines Corp.'s Midwest in Athabasca Basin, Northern Saskatchewan, Canada has a Preliminary Economic Assessment (PEA) outlining an after-tax NPV of C$965M, an after-tax IRR of 82.7%, and initial capital of C$254M.
Denison Mines Corp.'s Midwest has reported Preliminary Economic Assessment (PEA) results for the uranium (u3o8) project in Athabasca Basin, Northern Saskatchewan, Canada. The study headlines an after-tax net present value of C$965M 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$965M using a 8% discount rate. After-tax IRR is 82.7%. Initial capital expenditure is estimated at C$254M. The study models a payback period of 0.75 years. All-in sustaining costs are pegged at 25.78 USD/lb U3O8. Economics are based on US$80/lb U3O8.
Production and mine plan. The project envisions an in-situ recovery (isr) operation. Average head grade is 2.6% U3O8 (potentially mineable resources); 3.4% U3O8 (indicated resources).
Resources and ownership. Mineral resources: 38.7M lbs U3O8 @ 3.4% U3O8 Indicated (510,000 tonnes, 100% basis); plus 12.7M lbs U3O8 Inferred (905,000 tonnes @ 0.54% U3O8). The company holds a 25.17% interest in the project.
These figures are extracted from Denison Mines Corp.'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.