Mining Intelligence and News
Niger

Madaouela Project

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Categories

Overview

Mine TypeOpen Pit & Underground
StagePermitting
Commodities
  • Uranium
  • Molybdenum
Mining Method
  • Truck & Shovel / Loader
  • Room-and-pillar
Mine Life... Lock
SnapshotThe Madaouela Uranium Project comprises five deposits have been developed to a high level of confidence. All major mining permits already secured.

The economic analysis of the production case includs the Mineral Reserve and recovery of a molybdenum by-product (NPV of USD 120 million at a discount rate of 8 %, with an IRR of 12.7 %).

As a result of recoverable molybdenum being present in assay and metallurgical test work, two additional cases are considered which are the indicated and inferred Molybdenum with a positive NPV of USD 125 million at a discount rate of 8 %, with an IRR of 12.85 %, and an indicated, inferred, and unclassified Molybdenum case with a positive NPV of USD 140 million at a discount rate of 8 %, with an IRR of 13.27 %.

Owners

SourceSource
CompanyInterestOwnership
Government of Niger 20 % Indirect
GoviEx Uranium Inc. 80 % Indirect
The Madaouela project is controlled 100 % by the Nigerien mining company, Compagnie Miniere Madaouela SA, owned 80 % by GoviEx Uranium Inc. and 20 % by the Government of the Republic of Niger.

Contractors

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Deposit type

  • Sandstone hosted

Summary:

The Madaouela Uranium Project comprises five deposits have been developed to a high level of confidence: Marianne, Marilyn, Miriam, MSNE and Maryvonne.

The Madaouela deposits exhibit classic characteristics of uranium sandstone deposits common the world over.

The Marianne-Marilyn (M&M) deposit is a nearly flat tabular body of mineralisation that spans approximately 7 km (N70E direction) by 3 km across in plan, and the deposit thickness varies from 0.2 to over 2 m (average thickness of about 1 m).The mineralisation occurs at depths from about 30 m on the eastern end of Marilyn, to approximately 60 m in depth in the middle of the Marianne-Marilyn deposit, up to 120 m in depths on the west extensions of Marianne; below the relatively flat topographic surface.

The MYVE deposit is a nearly flat tabular body of mineralisation that spans approximately 1 km (N70E direction) by 0.6 km across in plan, and the deposit thickness varies from 0.2 to 1.8 m (average thickness of about 1 m). The mineralisation occurs at depths from about 105 m in the east to 120 m in the west.

The MSNE deposit spans approximately 2.8 km (N60E direction) by 2.4 km across in plan, and the deposit thickness varies from 0.2 to 2.4 m (average thickness of about 1 m). The mineralisation occurs at depths from about 140 m in the north to 130 m in the south. There is discontinuous uranium mineralisation within the N60E trending UA channel which also varies in orientation depending on position within the channel. Thin uranium mineralisation is also present at the base of the Tarat, in the south of the deposit.

The MSCE deposit is relatively flat and spans approximately 2.0 km (N70E direction) by 0.4 km across in plan, and the deposit thickness varies from 0.4 to 3.4 m (average thickness of about 1.4 m). The mineralisation occurs at depths from about 110 m in the east to 160 m in the west. Thin uranium mineralisation is also present at the base of the Tarat, in the south of the deposit.

The MSEE deposit is affected both by an east-west channel as well as the Madaouela fault in the south-east. Significant mineralisation is irregularly distributed, but the deposit area roughly spans approximately 2.2 km (E direction) by 1.7 km across in plan, and the deposit thickness varies from 0.2 to 2.4 m (average thickness of about 1.0 m). The mineralisation occurs at depths from about 95 m in the north to 140 m in the south, on the downthrown side of the Madaouela fault.

The Miriam deposit mineralisation is a combination of the Guezouman-Talak contact mineralisation present at the other deposits, but also thicker, stacked horizons focussed about a north-westerly trend. The deposit is also affected by the Madaouela fault in the south-east, similar to MSEE. The deposit area spans approximately 2.5 km (N40W direction) by 1.5 km across in plan, and the deposit thickness varies from 0.2 to over 30 m thick localized along the north-westerly structures. The mineralisation occurs at depths from about 65 m in the southeast to 120 m in the north-west.

Reserves

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Mining Methods

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Comminution

Crushers and Mills

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Processing

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Production

CommodityProductUnitsAvg. AnnualLOM
Uranium U3O8 M lbs 2.751
Molybdenum Sulfide M lbs 0.35.2

Operational metrics

Metrics
Daily processing capacity  ....  Subscribe
Annual ore mining rate  ....  Subscribe
Annual processing capacity  ....  Subscribe
Waste tonnes, LOM  ....  Subscribe
Ore tonnes mined, LOM  ....  Subscribe
Total tonnes mined, LOM  ....  Subscribe
Tonnes processed, LOM  ....  Subscribe
* According to 2022 study.

Production Costs

CommodityUnitsAverage
Credits (by-product) U3O8 USD  ....  Subscribe
Cash costs U3O8 USD  ....  Subscribe
Total cash costs U3O8 USD  ....  Subscribe
Total cash costs U3O8 USD  ....  Subscribe
Assumed price U3O8 USD  ....  Subscribe
Assumed price Molybdenum USD  ....  Subscribe
* According to 2022 study / presentation.
** Net of By-Product.

Operating Costs

Currency2022
OP mining costs ($/t milled) USD 20.8 *  
UG mining costs ($/t milled) USD  ....  Subscribe
Combined mining costs ($/t milled) USD  ....  Subscribe
Processing costs ($/t milled) USD  ....  Subscribe
G&A ($/t milled) USD  ....  Subscribe
Total operating costs ($/t milled) USD  ....  Subscribe
* According to 2022 study.

Project Costs

MetricsUnitsLOM Total
Initial CapEx $M USD  ......  Subscribe
Sustaining CapEx $M USD  ......  Subscribe
Closure costs $M USD  ......  Subscribe
Total CapEx $M USD  ......  Subscribe
OP OpEx $M USD  ......  Subscribe
UG OpEx $M USD  ......  Subscribe
OP/UG OpEx $M USD  ......  Subscribe
Processing OpEx $M USD 691.5
G&A costs $M USD 179
Total OpEx $M USD  ......  Subscribe
Income Taxes $M USD  ......  Subscribe
Royalty payments $M USD  ......  Subscribe
Gross revenue (LOM) $M USD  ......  Subscribe
EBITDA (LOM) $M USD  ......  Subscribe
Net Income (LOM) $M USD  ......  Subscribe
After-tax Cash Flow (LOM) $M USD  ......  Subscribe
After-tax NPV @ 8% $M USD  ......  Subscribe
After-tax IRR, %  ......  Subscribe

Required Heavy Mobile Equipment

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Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Nov 1, 2022
....................... Subscription required ....................... Subscription required Subscription required Nov 1, 2022
....................... Subscription required ....................... Subscription required Subscription required Jan 22, 2023

Total WorkforceYear
...... Subscription required 2022
...... Subscription required 2021

Aerial view:

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