Phoenix (Wheeler River) Feasibility Study: C$1.57B NPV, 73% IRR
Denison Mines Corp.'s Phoenix (Wheeler River) in Athabasca Basin, Northern Saskatchewan, Canada has a Feasibility Study outlining an after-tax NPV of C$1.57B, an after-tax IRR of 73%, and initial capital of C$600M. The proposed mine plan runs 10 years.
Denison Mines Corp.'s Phoenix (Wheeler River) has reported Feasibility Study results for the uranium (u3o8) project in Athabasca Basin, Northern Saskatchewan, Canada. The study headlines an after-tax net present value of C$1.57B 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$1.57B using a 8% discount rate. After-tax IRR is 73%. Initial capital expenditure is estimated at C$600M. The study models a payback period of 1 years. All-in sustaining costs are pegged at 18.41 USD/lb U3O8. Economics are based on US$68.89-US$78.36/lb U3O8 (Base Case); US$100/lb Case also shown.
Production and mine plan. The project envisions an in-situ recovery (isr) operation. Life of mine is 10 years. Average head grade is 11.7% U3O8 (reserves); 11.4% U3O8 (M&I resources).
Resources and ownership. Mineral reserves: 56.7 million lbs U3O8 in Proven & Probable (219,000 tonnes at 11.7% U3O8). Mineral resources: 70.6M lbs U3O8 @ 11.4% U3O8 Measured & Indicated (280,200 tonnes, 100% basis). 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 Feasibility Study 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.