Fission Uranium Corp.
Fission Uranium is developing the high-grade, near-surface Triple R uranium deposit – part of the multiple award-winning PLS project.
Located in the renowned Athabasca Basin uranium district, PLS hosts the longest mineralized trend in the district and the Triple R is the only existing major, high-grade deposit in the region found at shallow depth.
With an experienced team run by CEO and uranium expert, Ross McElroy, Fission has completed a pre-feasibility study that shows the potential for the Triple R to be among the lowest operating cost uranium mines in the world. The company is currently focused on advancing towards Feasibility.
Read MoreClear Potential for Low Cost Production
OPEX
C$ 9.57 (US$7.18) per lb U3081
After-Tax Cash Flow:
C$M $2,6561
After-Tax NPV 8%
C$M $1,5681
After-Tax IRR
25%1
Triple R Deposit: Current Resource Estimate
102.3 Million lbs. U3O8 Indicated2
(2,216,000 tonnes at average grade of 2.10% U3O8)
32.8 Million lbs. U3O8 Inferred2
(1,221,000 tonnes at an average grade of 1.22% U3O8)
1Technical report on the prefeasibility study on the Patterson lake south property using underground mining methods, Northern Saskatchewan, Canada
2Mineral Resources are reported at a cut-off grade of 0.25% U3O8
Expansion Potential
Triple R Deposit remains open in all directions and at depth
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- Large, shallow, high-grade deposit
Resource estimate of Indicated 102.4M lbs U3O8 at 2.1% U3O8 and Inferred 32.8M lbs U3O8 at 1.22% U3O8. High-grade core starts just 50m from surface.
- Potential to be one of the world’s biggest and lowest cost uranium mines
September 2019 PFS outlines UG mine production of 78.7M lbs of U3O8, averaging 13.1M lbs for the first five years and LOM avg. cash costs of US$7.18/lb U3O8.
- Significant resource growth potential
Triple R Deposit is open in multiple directions.
- World class uranium district
Saskatchewan, Canada is consistently ranked as one of the world’s best jurisdictions for mining investment in 2018 by the Fraser Institute.
Grade: 10 to 20 times Global Average.
Global Supplier: 60+ years of uranium mining.
- Award winning Team
CEO and technical team have discovered two world class uranium deposits and won multiple industry awards. CEO, Ross McElroy, spent many years with the Majors, advancing and developing uranium projects.
- Strategic partnership with CGN
China General Nuclear Mining made a strategic investment of C$82M in Fission Uranium
CGN is one of two major nuclear power companies in China
- Untapped exploration potential
Approximately 80% of 31,039 ha property, which is 5 times the size of Manhattan Island, remains unexplored. 100’s of potential drill targets have been identified.
