The Feasibility Study sensitivity analysis shows that at a U 3O 8 price of US$50/lb the after-tax IRR rises to 44.4% and at US$60 the after-tax IRR would be 56.9% for Phase 1 only. Based on a U 3O 8 price of US$35/lb, the after-tax NPV discounted at 8%, is US$147 million for an after-tax IRR of 22.3%.Initial capital expenditures are estimated to be US$208 million.The Study estimates cash costs, including royalties and all Niger off-site costs, of US$19.02/lb U 3O 8 and an all-in sustaining cost of US$22.13/lb U3O8.The Feasibility Study resulted in an initial, Phase 1, 12-year mine schedule at a production throughput of 1,000 tonnes per day to produce 44.1 million pounds U 3O 8.The Feasibility Study confirmed a reserve for the Dasa Project of 4.1 million tonnes grading 5,267 ppm for a total of 47.2 million pounds U3O8.The Company revised its Dasa Project, Phase 1, Feasibility Study ("Feasibility Study"), which was revised primarily to apply "zero grade" to Inferred Resources included in certain stopes of the Phase 1 Mine Plan.Cash balance at December 31, 2022, was $8.4 million.Global Atomic continues to receive approximately $1.2 million in management fees and sales commissions annually from the Turkish JV, helping to offset corporate overhead costs.The cash balance of the Turkish JV was US$3.1 million at the end of 2022.The revolving credit facility of the Turkish JV was US$8.3 million at the end of 2022 (Global Atomic share – US4.1 million).Available funds were used to secure adequate supplies of critical materials in case of unforeseen supply disruptions.
0 Comments
Leave a Reply. |