Denison Mines Corp. · TSX:DML
Denison Mines — TD Securities Global Mining Conference 2022
12 slides from Denison Mines's conference presentation, Jan 25, 2022
Slide 1: TD Securities Global Mining Conference
TD Securities Global Mining Conference January 2022 Uranium Development & Exploration The Athabasca Basin, Northern Saskatchewan
Slide 2: Cautionary Statements & References
Cautionary Statements & References This presentation and the information contained herein is designed to help you understand management’s current views, and may not be appropriate for other purposes. This presentation contains information relating to the uranium market, third party and provincial in
Slide 3: Diversified Athabasca Basin asset base with superior development leverage
Diversified Athabasca Basin asset base PHOTO: with superior development leverage Aerial view of Denison’s 22.5% owned McClean Lake mill facility NOTES: (1) Denison increased its 95%(1) 22.5% 66.9% effective interest in Wheeler River as part of the acquisition of 50% of JCU (Canada) Exploration Compa
Slide 4: Positioned amongst the lowest all-in cost assets of UxC's First Tier
Denison’s development portfolio projects: Positioned amongst the lowest all-in cost assets of UxC’s First Tier Sample of Global Production Costs(1)(2)(3) Planned and Producing Operations (with Mining Method) “Third/Fourth Tier” $50.00 “Second Tier” $45.00 All-in / Full Costs – USD$/lb U3O8 NOTES: $4
Slide 5: Robust Balance Sheet with +CAD$200M in working capital and investments
Robust Balance Sheet with +CAD$200M in working capital and investments(1) 2.4M lbs U3O8 +CAD$25M in holdings of invested in physical uranium uranium equities Market value ~CAD$131M (US$43.00/lb U3O8) Significant equity holdings in uranium exploration and development companies, Acquired at average co
Slide 6: Large land position in the infrastructure-rich eastern portion of the Athabasca Basin
Large land position in the infrastructure-rich eastern portion of the Athabasca Basin(1)(2) Waterbury Lake Orano (Denison 66.9%) McClean Lake Mill (Denison 22.5%) Rabbit Lake Mill Cigar Lake Mine NOTES: McArthur River Mine (1) Denison direct land position shown as of September 30, 2021. (2) Excludes
Slide 7: 95% owned flagship Wheeler River development project
95% owned flagship Wheeler River development project (1)(2) Two 14-year combined CAD$322.5M estimated PHOTO: High-grade uranium Mine Life Initial CAPEX Installation of large- deposits diameter commercial (100% basis) scale ISR test wells at Phoenix during 2021. Phoenix – designed as a low- LINKS: co
Slide 8: Phoenix In-Situ Recovery (ISR) Operation: PFS highlights
Phoenix In-Situ Recovery (“ISR”) Operation: PFS highlights potential to become one of the lowest cost uranium mines in the world(1) PHOTOS: 70.2M 6M lbs C $322.5M ISR test pattern and commercial scale well- lbs U3O8 lbs U3O8 estimated head (inset) at Phoenix Average annual Initial during field tests
Slide 9: Gryphon Underground (UG) Operation: PFS highlights
Gryphon Underground (“UG”) Operation: PFS shows potential to add further low-cost production by using existing infrastructure(1) PHOTO: 61.9M 7.6M C $623.1M View inside the SX circuit at Denison’s 22.5% owned McClean Lake mill, which lbs U3O8 lbs U3O8 estimated is assumed to toll mill Average annual
Slide 10: Wheeler River PFS: Robust economics supported by conservative uranium price assumptions
Wheeler River PFS: Robust economics supported by conservative uranium price assumptions NOTES: (1) Refer to the Wheeler River Technical Report 3000 PFS Pre-Tax NPV8% (100% Basis) Phoenix Gryphon titled “Pre-feasibility Study Report for the Wheeler River Uranium Project, ~US$29/ lb U3O8 US$50/ lb U3O
Slide 11: Phoenix ISR De-Risking
Phoenix ISR De-Risking: Combining the world’s lowest cost uranium mining method with the world’s highest-grade undeveloped uranium deposit PHOTOS (Left to Right): Small diameter ISR test wells installed at Phoenix in 2019; Specialized core- leach testing apparatus from the Saskatchewan Research Coun
Slide 12: Capital Structure & Corporate Information
Capital Structure & Corporate Information Market Summary (1) Exchanges TSX: DML Management & Directors NYSE American: DNN Shares Outstanding 807.4 M David Cates (President & CEO, Director) Mac McDonald (Exec. VP & CFO) Share Purchase Warrants (US$2/US$2.25) 15.8M / 39.2M LINKS: David Bronkhorst (VP
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