Fission Uranium's Triple R Deposit - Upside GaloreThe Triple R deposit is located on the Patterson Lake South property in the Athabasca Basin. The prefeasibility study envisions project with a pre-production capital outlay of $1.18 billion and a total capital cost of $1.46 billion.. It would have a post-tax net present value with an 8% discount of $702 million, and a post-tax internal rate of return of 25%. The post-tax payback period would be 2.5 years.
The resources are estimated to be 2.2 million indicated tonnes at an average grade of 2.10% uranium oxide, and 1.2 million inferred tonnes at 1.22% U3O8. Over the seven-year life of the mine, Fission will recover approximately 78.7 million lb. U3O8.
The Patterson Lake South property also has tremendous exploration potential.
The company says only 25% of the area has been tested.