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United States
Dewey Burdock Project

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 Location:
90 km SW from Rapid City, South Dakota, United States

  Project Contacts:
310 2nd Ave.
Edgemont
South Dakota, United States
57735
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  • Reserves
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  • Filings & News

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Overview

StagePermitting
Mine TypeIn-Situ
Commodities
  • Uranium
Mining Method
  • Solution mining
Production Start...
Mine Life16 years (as of Jan 1, 2019)
The advanced stage Dewey-Burdock Uranium Project (Dewey-Burdock) in South Dakota has demonstrated ISR resources coupled with robust economics. The project has its source material license from the U.S. Nuclear Regulatory Commission and its injection permits from the U.S. Environmental Protection Agency. The enCore Energy are currently advancing work on the remaining permitting effort with the expectation that cash flow from Texas operations will support the buildout of Dewey-Burdock for production.
Latest NewsenCore Energy's NRC Source Materials License for Dewey-Burdock Project Now Final and Effective     March 20, 2023


Owners

Source: p. 12
CompanyInterestOwnership
enCore Energy Corp. 100 % Indirect
January 4, 2022 - enCore Energy Corp. and Azarga Uranium Corp. are pleased to announce the closing of the previously announced plan of arrangement whereby enCore has acquired all of the outstanding shares of Azarga Uranium. The Arrangement consolidates an industry leading pipeline of exploration and development stage in-situ recovery projects, including the advanced-stage Dewey Burdock development project in South Dakota.

The enCore Energy is 100% owns Dewey-Burdock Project.

Contractors

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Deposit Type

  • Sandstone hosted


Summary:

Uranium deposits in the Dewey-Burdock Project are sandstone, roll front type. This type of deposit is usually “C” shaped in cross-section, with the down gradient center of the “C” having the greatest thickness and highest tenor. The “tails” of the “C” are usually much thinner and essentially trail the “roll front” being within the top and bottom of the sandstone unit that is slightly less permeable.

These “roll fronts” are typically a few tens of feet wide and often can be thousands of feet long. Uranium minerals are deposited at the interface of oxidizing solutions and reducing solutions. As the uranium minerals precipitate, they coat sand grains and partially fill the interstices between grains. As long as oxidizing groundwater movement is constant, minerals will be solubilized at the interior portion of the “C” shape and precipitated in the exterior portion of the “C” shape, increasing the tenor of the orebody by multiple migration and accretion. Thickness of the orebody is generally a factor of the thickness of the sandstone host unit. Mineralization may be 5 to 12 ft thick within the roll front while being 1 to 2 ft thick in the trailing tail portions. Deposit configuration determines the location of well field drillholes and is a major economic factor in ISR mining.

Ore mineralogy consists of uraninite, pitchblende and coffinite with associated vanadium in some deposits. Typical alteration in the roll-front sandstone deposit includes oxidation of ........


Mining Methods

  • Solution mining


Summary:

Azarga plans to recover uranium at the Project Area using the In-Situ Recovery (ISR) method. The ISR method has been successfully used for over five decades elsewhere in the United States as well as in other countries such as Kazakhstan and Australia. ISR mining was developed independently in the 1970s in the former USSR and the United States for extracting uranium from sandstone type uranium deposits that were not suitable for open cut or underground mining. Many sandstone deposits are amenable to uranium extraction by ISR mining, which is now a well-established mining method that accounted for approximately 50 percent of the world’s uranium production in 2019 (ref., WNA 2019). The bottle roll tests demonstrate the potential feasibility of both mobilizing and recovering uranium with an oxygenated carbonate lixiviant.

Mining dilution (rock that is removed along with the ore during the mining process) is not a factor with the ISR method as only minerals that can be mobilized with the lixiviant are recovered. There are some metals, such as vanadium, that can be mobilized with the lixiviant and can potentially dilute the final product if not separated before packaging. If vanadium occurs in high enough concentration, it can be economically separated and sold as a separate product.

Many impactstypically associated with conventional uranium mining and milling processes can be avoided by employing uranium ISR mining techniques. The ISR benefits are substant ........


Crushing and Grinding


Processing

Flow Sheet: Subscription required

Summary:

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Projected Production:

CommodityUnitsLOM
U3O8 lbs 14,268,000
All production numbers are expressed as yellow cake.

Operational Metrics:

Metrics
Annual production capacity 1 M lbs of u3o8 yellow cake *
* According to 2019 study.

Reserves at December 3, 2019:
Mineral resource estimate at 0.2 grade-thickness (GT) cutoff

CategoryTonnage CommodityGradeContained Metal
Measured 5,419,779 tons U3O8 0.132 % 14,285,988 lbs
Indicated 1,968,443 tons U3O8 0.072 % 2,836,159 lbs
Measured & Indicated 7,388,222 tons U3O8 0.116 % 17,122,147 lbs
Inferred 645,546 tons U3O8 0.055 % 712,624 lbs

Commodity Production Costs:

CommodityUnitsAverage
Cash costs U3O8 USD  ......  Subscription required&nbs
Total cash costs U3O8 USD  ......  Subscription required&nbs
All-in costs U3O8 USD  ......  Subscription required&nbs
Assumed price U3O8 USD  ......  Subscription required&nbs
* According to 2019 study / presentation.

2019 Study Costs and Valuation Metrics :

MetricsUnitsLOM Total
Initial CapEx $M USD  ......  Subscription required
Sustaining CapEx $M USD  ......  Subscription required
Closure costs $M USD  ......  Subscription required
Well Field OpEx $M USD  ......  Subscription required
Processing OpEx $M USD 73.4
G&A costs $M USD 17.5
Total OpEx $M USD  ......  Subscription required
Gross revenue (LOM) $M USD  ......  Subscription required
Net revenue (LOM) $M USD  ......  Subscription required
Pre-tax Cash Flow (LOM) $M USD  ......  Subscription required
After-tax Cash Flow (LOM) $M USD  ......  Subscription required
Pre-tax NPV @ 10% $M USD  ......  Subscription required
Pre-tax NPV @ 8% $M USD  ......  Subscription required
After-tax NPV @ 10% $M USD  ......  Subscription required
After-tax NPV @ 8% $M USD  ......  Subscription required
Pre-tax IRR, %  ......  Subscription required
After-tax IRR, %  ......  Subscription required
After-tax payback period, years  ......  Subscription required
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Heavy Mobile Equipment:

Mine Management:

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Feb 26, 2023
....................... Subscription required ....................... Subscription required Subscription required Feb 26, 2023
....................... Subscription required ....................... Subscription required Subscription required Dec 3, 2019
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Staff:

Total WorkforceYear
Subscription required 2019

Corporate Filings & Presentations:

DocumentYear
Corporate Presentation 2023
Financial Review 2022
Management Discussion & Analysis 2022
................................... Subscription required 2020
................................... Subscription required 2019
Management Discussion & Analysis 2015
Preliminary Economic Assessment 2015
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News:

NewsDate
enCore Energy's NRC Source Materials License for Dewey-Burdock Project Now Final and Effective March 20, 2023

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