GoviEx delivers feasibility study for $343m Niger uranium project

Canadian developer GoviEx has confirmed the strength of its Madaouela project, in Niger, delivering a positive feasibility study at a time when inflationary pressures are having a significant impact on the development of new projects and operating mines.

The feasibility study, prepared by SRK Consulting and SGS Bateman, projects an initial capital outlay of $343-million for a mine that will produce 50.8-million pounds of U3O8 over a 19-year mine life.