The assessment is based on estimated production of 61.2 million lb. U3O8 over a nine-year mine life, averaging 6.8 million lb. U3O8 per year. The life-of-mine average mill feed grade is 2.36% U3O8, with a recovery rate of 97.5%.
Initial capex is estimated at $545 million, including a proposed mill with a nominal throughput of 400 tonnes per day. This, says UEC, would give Roughrider one of the lowest capex profiles in all of Canada. The project’s all-in sustaining cost is pegged at $20.48/lb. U3O8.
“This initial economic assessment marks a pivotal milestone for Roughrider, validating it as a top-tier, high-margin operation with a clear path to development into a world-class mine and mill,” Uranium Energy’s CEO Amir Adnani said in a news release.
Roughrider project
Roughrider represents a conventional uranium project covering 6 sq. km. of the eastern Athabasca Basin region that hosts a cluster of…
