Denison eyeing low-cost in-situ recovery in Canada’s high-grade Athabasca Basin

Denison completed a prefeasibility study for the project in 2018, which forecast that the flagship Phoenix deposit would produce 6 million lbs uranium oxide (U3O8) at 19.1% U3O8 across a 10-year mine life. Wheeler River also contains a second deposit called Gryphon, which-although regarded as a first-tier deposit by Denison-is expected to trail the development of Phoenix as part of a staged development plan.

Denison, which owns 95% of Wheeler River, intends to mine Phoenix using in-situ David Cates, company president and CEO, Denison Mines recovery (ISR), a common uranium mining method which has been deployed in Kazakhstan, the United States and Australia but never before in Canada, according to David Cates, the company’s president and CEO.

Evaluating the feasibility of the ISR method has been the subject of a multi-year process of field and laboratory testing, culminating in what Denison calls a Feasibility Field Test, or FFT-which involved the injection […]

Click here to view original web page at www.miningnews.net

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.