Phoenix Feasibility Study 2023
25.17% Denison-owned Midwest Property:
Two high-grade uranium deposits in close proximity to the McClean Lake mill
Approved
ISR Concept
Environmental | Study
Impact
Statement
(“EIS”)
Despite deferral of
development
decision in 2008,
EIS approval
efforts continued
with assessment
of open pit mining
method and
processing at
McClean Lake.
CNSC approved
final EIS in 2012(1)
25km
from McClean
Lake mill
Via existing roads,
and only 1km from
the Points North
airstrip
Positive results
support joint
venture decision
to complete
additional ISR
| studies and
potential PEA(3)
Midwest
I Main
deposit(2)
Orano
Canada Inc.
French nuclear
giant serves as
project operator
| and is owner of
74.83% interest
Midwest
"A"
deposit(2)
|
10.8M lbs U308
|
(453,000 tonnes @
|
(566,000 tonnes @
| 39.9M lbs U₂O
4.0% U308) in
Indicated Mineral
Resources
11.5M lbs U308
(793,000 tonnes @
0.66% U30g) in
Inferred Mineral
Resources
(100% basis)
0.87% U30g) in
Indicated Mineral
Resources
| 6.7M lbs U308
(53,000 tonnes
5.8% U30g) in
Inferred Mineral
Resources
(100% basis)
Lenison
PHOTO:
Aerial view of Midwest
Project.
LINKS:
Midwest Project Page on
Denison Website
NOTES:
(1) See Denison's current
Annual Information Form
for additional details
regarding the Midwest
project.
(2) Refer to the Midwest
Technical Report titled
"Technical Report with an
Updated Mineral
Resource Estimate for the
Midwest Property,
Northern Saskatchewan,
Canada" and dated March
26, 2018.
(3) See Denison's
news release dated April
12, 2023.
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