Denison Mines Corp. · TSX:DML
Denison Mines — 2016 Vancouver Resource Investment Conference
15 slides from Denison Mines's conference presentation, Jan 24, 2016
Slide 1: Denison Mines Corp. Investor Update
Denison Mines Corp. Uranium Development & Exploration in the Eastern Athabasca Basin Investor Update January 24-25th, 2016 2016 Vancouver Resource Investment Conference 1
Slide 2: Cautionary Statements & References
Cautionary Statements & References Cautionary Statements: This presentation includes forward-looking information or forward-looking statements under Canadian and U.S. securities laws that involve risks, uncertainties and other factors that could cause actual results to differ materially from those e
Slide 3: Bright Future for Uranium Mining in Canada
Bright Future for Uranium Mining in Canada • Global nuclear reactors and capacities increasing over the next 5, 10, and 15+ years • China increasing nuclear fleet at remarkable rate – going from 13 reactors in service in 2010 to 30 reactors in service today + ~200 reactors under construction, planne
Slide 4: Significant Uranium Resource Base at Wheeler
Significant Uranium Resource Base at Wheeler 2015 Wheeler River Property Mineral Resource Estimate Summary Million lbs Million lbs Grade U3O8 U3O8 Deposit Category Tonnes (%U3O8 ) (100%) (Denison) Gryphon Inferred 834,000 2.3 43.0 25.8 Phoenix Indicated 166,000 19.1 70.2 42.1 Phoenix Inferred 9,000
Slide 5: Strategic Project Portfolio Led by Wheeler
Strategic Project Portfolio Led by Wheeler Leading Position in Athabasca Basin Development Projects • Controlling interest in the Wheeler River project and strategic interest in Midwest, McClean and Waterbury projects close to the McClean Lake mill (22.5% Denison) TOP 10 DEVELOPMENT PROJECTS - ATHAB
Slide 6: Wheeler River: Denison's 1-2 PUNCH
Wheeler River: Denison’s 1-2 PUNCH PHOENIX + GRYPHON POISED FOR CO-DEVELOPMENT Large Size: 70.2M lbs indicated + 44.1M lbs inferred High Grade: Over 70M lbs at Phoenix grading over 19% Infrastructure: Provincial power line and highway Milling: 22.5% owner of McClean mill with excess capacity Managem
Slide 7: Potential for Co-Development at Wheeler
Potential for Co-Development at Wheeler Complementary Deposits within 3km Gryphon Deposit 43.0M lbs U308 @ 2.3% (INF) McClean 1. Gryphon: Potential for Basement Hosted Lake Starting at depth of 580 m conventional / low cost Provincial underground mining of Highway basement hosted Phoenix Deposit min
Slide 8: Looking Ahead at Wheeler River
Looking Ahead at Wheeler River 2016 Exploration Plan K North • 47,000 metres of drilling ~ 6 km • CAD$10M Budget (Denison’s share CAD$6M) • Numerous targets in the vicinity of Gryphon - along Q the K-North trend Central • Other high priority targets (O Zone and Q Central) O Zone ~3km TSX: DML | NYSE
Slide 9: Uniquely Diversified Asset Base
Uniquely Diversified Asset Base • Denison’s Flagship property in • Strategic high-grade AB uranium mill eastern Athabasca Basin (AB) • Expected to have up to • Phoenix + Gryphon 6 M lbs/year excess co-development milling capacity being evaluated Wheeler McClean by end of 2016 • PEA in progress River
Slide 10: 2016 Exploration Overview
N 2016 Exploration Overview • CAD$22.0M Total Budget • CAD$15.3M Denison’s Share • ~75,000 metres planned • Focus on High Priority Properties • +80% of total metres on TOP 5 Properties • Wheeler, Murphy, Crawford, Wolly and Waterbury • Follow up on discovery of potentially significant uranium miner
Slide 11: Discovery of Uranium at Murphy Lake
Discovery of Uranium at Murphy Lake S Surface N Murphy Lake Highlights • Denison 69% (Operator), Eros Resources (formerly Anthem) 31% • Located 30 km NW of the McClean Lake mill (22.5% Denison) Bleaching and • Discovery of Uranium in Drill hole desilicification MP-15-03 intersected 0.25% U3O8 Clay a
Slide 12: McClean Lake Mill (Saskatchewan)
McCLEAN LAKE MILL (Saskatchewan) (Denison owns 22.5%; AREVA 70%; OURD 7.5%) Denison to earn CAD$7.1M in revenue from McClean & uranium sales in 2016 • Toll Milling from Cigar Lake Increasing • 16M lbs U3O8 production planned for 2016 • Mill Expansion Continues • 13M lbs to 24M lbs per year, subject
Slide 13: The Denison Advantage
The Denison Advantage • Flagship Wheeler River Project (60%) – Gryphon + Phoenix Deposits • Large scale and high-grade Eastern Athabasca Basin project • PEA in progress for Phoenix + Gryphon co-development scenario • Strategic ownership of McClean Lake uranium mill (22.5%) • Excess capacity expected
Slide 14: Corporate Information
Corporate Information Market Summary Management & Directors Exchanges TSX: DML, NYSE MKT: DNN Lukas Lundin (Executive Chairman) Shares Outstanding(1) 518.4 M David Cates (President & CEO) Warrants(1) nil Mac McDonald (VP Finance & CFO) Options(1) 7.1 M Peter Longo (VP Project Development) Fully Dilu
Slide 15: Investor Update
Investor Update TSX: DML NYSE MKT: DNN Phone: Email: Online: 416.979.1991 x366 info@denisonmines.com www.denisonmines.com or 1.888.689.7842 @DenisonMinesCo
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