Denison Mines (DNN) Makes Production Decision on Arizona 1 Uranium Deposit
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Denison Mines Corp. (AMEX: DNN) announces that it has made a production decision for its 100% owned Arizona 1 uranium deposit located in north central Arizona, U.S.A.
"Arizona 1 is the first of a series of breccia-type uranium deposits which Denison plans to develop in the coming years" said Ron Hochstein, President & CEO of Denison. "We look forward to adding Arizona 1 to our production base, to creating employment and to contributing to the local economy".
Arizona 1 Highlights:
- Ownership - 100% Denison;
- Resources - 72,121 tons, 0.66% U3O8;
- Production - 856,763 pounds U3O8;
- Capital cost - $2.3 million;
- Cash operating cost - $30.50 per pound U3O8;
- Net cash flow - $22.2 million;
- NPV (10%) - $17.6 million;
- Fully permitted;
- Production start-up - Q1 2010;
- Exploration potential - open to depth.
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