Other important parameters from the study suggest a construction timeline of three years with an estimated initial capital cost of C$1.1 billion and life-of-mine production of over 90 million lb. of uranium oxide.
“Showing capex to be lower than in the 2019 prefeasibility report, particularly with the pressures of high global inflation, is a remarkable achievement and speaks volumes regarding the team’s design and planning abilities,” said CEO Ross McElroy in a news release.
“Going forward, thanks to the strength of this feasibility study and the success of our ongoing social engagement, we will continue advancing through the environmental assessment and on towards a construction decision,” McElroy added.
