Name of the Project
Dasa uranium project.

Location
Tim Mersoï basin, Niger.

Project Owner/s
Global Atomic Corporation.

Project Description
A 2021 feasibility study, focusing solely on Phase 1, has confirmed the Dasa project as economically compelling, even at $35/lb of uranium.

Phase 1 will have a 12-year mine schedule at a production throughput of 1 000 t/d to produce 45.4-million pounds of uranium.

The project has a maiden reserve of 4.1-million tonnes grading 5 267 parts per million for a total of 47.2-million pounds of uranium.

The project will use operationally proven uranium processing techniques comprising dry semiautogenous grinding and classification, pug-leaching and curing, a uranium extraction circuit (repulping and solid/liquid separation), a uranium purification and precipitation circuit, as well as drying and packaging.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has an after-tax net present value, at an 8% discount rate, of $157-million and an internal rate of return of 22.7%, with a payback of five years.

Capital Expenditure
$208-million, including a 10% contingency.

Planned Start/End Date
Global Atomic broke ground on the Dasa project at the end of 2021 and aims to produce its first yellowcake for sale by January 2025.

Latest Developments
Global Atomic has received a letter of intent (LoI) from a second major North American utility for the procurement of 2.4-million pounds of uranium from the Dasa project.

The contract has a revenue potential of $140-million and will begin in 2025.

In June, a North American utility submitted an LoI for the procurement of 2.1-million pounds of uranium, with a revenue potential of $110-million.

Global Atomic recently entered the engineering, procurement and construction management phase at Dasa, where underground mining is set to begin in November.

Key Contracts, Suppliers and Consultants
CMAC-Thyssen Mining (collaring the portal and underground mine development).

Contact Details for Project Information
Global Atomic Corporation, tel +1 416368 3949 or email info@globalatomiccorp.com.