The 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 %. |