| Announcement Date: | 2022-11-07 |
|---|---|
| Announcement Type: | Feasibility Study |
| Announcement Code: | NI43-101 |
| Company name: | GoviEx Uranium Inc. |
| Project name: | Madaouela |
| Location: | Niger |
| Commodities: | Uranium |
| Highlight: | Feasibility Study result incl. Post Tax NPV (8%) of USD $140M & IRR of 13.27% |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | The Madaouela Uranium Project (the Project) is located near Arlit, in north central Niger, in one of the most significant areas of producing sandstone-hosted uranium deposits in the world. The Project is controlled 100 % by the Nigerien mining company, Compagnie Miniere Madaouela SA (COMIMA), owned 80 % by GoviEx Uranium Inc., a public company listed in Canada; and 20 % by the Government of the Republic of Niger. SRK (UK) Limited, SGS-Bateman and Cresco have completed technical studies to a feasibility level of confidence for the Miriam open pit project, process plant and associated infrastructure. Additional work and mine modelling has been carried out on the two underground mines updating previous pre-feasibility studies. This report has been prepared in accordance with the Canadian Securities Administrators’ National Instrument 43-101 and Form 43-101F1, collectively referred to as National Instrument (NI) 43-101. 1.2 Reliance on other Experts The Qualified Persons (QP’s) for this Technical Report, Robert Bowell, Guy Dishaw, Jurgen Fuykschot and Colleen MacDougall, have examined the historical and current data for the Project provided by GoviEx with respect |
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