LARAMIDE PEA CONFIRMS POTENTIAL FOR LONG-LIFE, LOW-COST IN SITU RECOVERY URANIUM OPERATION AT CHURCHROCK PROJECT, NEW MEXICO, USA

Highlights:
(All dollars USD) Large, long-life project with 31.2 million pounds produced over 31 years

Low initial capital costs of $47.5M

Unit operating costs (including taxes and royalties) of $27.70/lb and ASIC (all in sustaining costs) of $34.83/lb
Pre-income tax IRR of 62% and NPV (8%) of $278 million (at $75/lb U 3 O 8 ) Post-income tax IRR 56% and NPV (8%) $239 million (at $75/lb U 3 O 8 ) Life of Project post-income tax cash flow exceeds $1 billion Upside opportunities include: Potential for accelerated development of the resource beyond one million pound per annum straight line case outlined in the PEA; existing license allows for a 3-million-pound capacity at planned CPP (Central Processing Plant); Potential for enhanced recoveries (PEA assumes recovery of 68% of the resource in the production area) or expansion of the current resource through infill and exploration drilling; Inclusion of Crownpoint resource […]

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