Kayelekera
OVERVIEW

The Kayelekera Uranium Project (“Kayelekera” or the “Project”) in Malawi, Africa is the fourth largest uranium asset globally by historical annual production currently on care and maintenance. The Project produced ~11MIbs U₃O₈ equivalent over five-years between 2009-2014, before the asset was shutdown to preserve its longevity due to a sustained low uranium price.

The Project has a mining licence and its environmental permits, access to a skilled local workforce who worked at the asset previously, as well as strong government support (who are also 15% owners of the Project).

The Company released a Definitive Feasibility Study in August 2022, which confirmed Kayelekera ranks as one of the lowest capital cost uranium projects globally (Initial Capital Cost – US$88m), whilst being able to quickly recommence production once a Final Investment Decision is made.