A preliminary economic assessment of Anfield Energy Inc.'s Charlie uranium project in Wyoming outlined a pretax net present value of US$18.9 million, discounted at 8%, with an internal rate of return of 60%.
Charlie is expected to produce an average of 297,400 pounds of uranium per year, with life-of-mine total operating costs estimated at US$23.09 per pound, according to a Sept. 24 release.
Total capital expenditure was estimated at US$27.5 million, which includes an initial US$6.7 million during a two-year preproduction phase and US$20.8 million in sustaining capital during production.
The analysis was based on the in situ recovery mining method, with wellfield solutions expected to be transported via pipeline to Uranium One Inc.'s nearby Christensen Ranch ion-exchange facility for initial processing and then shipped to Uranium One's Irigaray plant for final processing. Anfield Energy secured the resin processing agreement in April.
Anfield Energy completed an updated resource estimate for Charlie in September 2018 after outlining plans to acquire the project earlier that year. The deal closed in March 2019.
