Categories:
Energy
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General Market Commentary
Topics:
General Energy
/
General Market Commentary
Denison Mines flags first deposit for ISR mining in the Athabasca basin
Denison Mines (TSX: DML) has selected the in-situ recovery (ISR) mining method for the development of the Phoenix deposit at the Saskatchewan Wheeler River uranium project, in the heart of the Athabasca basin.
Canada’s Athabasca Basin has become the prime destination for high-grade uranium, with grades in excess of 100 times global averages, and the move makes it the first deposit identified for ISR mining in the area.
The pre feasibility study (PFS) discusses co-developing the Phoenix and Gryphon deposits. While the Phoenix deposit is designed as an ISR operation, the Gryphon deposit is designed as an underground mining operation at Denison's 22.5% owned McClean Lake mill. Taken together, the project is estimated to have mine production of 109.4 million pounds of Uranium over a 14-year mine life.