Project Economics
Strong technical and commercial viability demonstrated via Etango-8 DFS
- Conventional open pit mining and heap leach processing at 8Mtpa throughput
- Informed by vast body of previous technical work across resource drilling, geotechnical, metallurgical and environmental studies
- Cost estimates completed to +/-10% accuracy and current as at June 2024
Strong technical and commercial viability demonstrated via Etango-8 DFS
15+ years
Initial mine life
8 Mtpa
Throughput capacity
87.8%
Processing yield
52.6 Mlb U3O8
Total production
21.1%
Post-tax IRR
US$390M
Post-tax NPV8%
US$353M
Pre-production capital expenditure
US$39.09/lb
All-in-sustaining-cost (AISC) U3O8
Note: Information and data are reflective of the updated cost estimates from the Control Budget Estimate contained in the ASX release dated 11 June 2024, “Etango-8 FEED Complete and Costs Updated; Detailed Design Commenced”. Post-tax IRR and Post-tax NPV are based on a price assumption of US$80/lb.
Outstanding Etango-8 upside price leverage
Incorporating completion of the Front-End Engineering and Design (FEED) and Control Budget Estimate (CBE) processes
Further in-ground leverage realisable via subsequent growth options
- Etango can deliver substantially higher value scalability post ramp-up with higher uranium price outcomes, market conditions permitting
- Etango-XT: Life extension with mine and plant throughput maintained at 8 Mtpa
- Etango-XP: Mine and plant throughput expanded to 16 Mtpa (expansion capital US$367M)
Further upside price leverage from Etango-XP / XT
Incorporating completion of the Front-End Engineering and Design (FEED) and Control Budget Estimate (CBE) processes1
