Patterson Lake South (PLS) is located in Canada's Athabasca Basin, home to the world's richest uranium mines. The project is host to the Triple R deposit - the most significant high grade shallow depth deposit in the region. Fission has recently discovered new high-grade zones and outlined the largest mineralized trend in the region.
Starting depth of High-Grade Deposits
This shallow depth advantage means that, compared to projects with deeper mineralization, more holes can be drilled within a given meterage and, when the project advances, potentially low production costs.
Only small % explored so far
With a huge mineralized trend, over 100 EM conductors and multiple exploration hotspots, Fission has only scratched the surface of PLS’ potential.
The Athabasca Basin is located in the Canadian province of Saskatchewan, which has a 60 year history of uranium mining and boasts excellent infrastructure and political support.
The Triple R Deposit
The Triple R deposit is open in multiple directions, particularly westwards, towards the high-grade boulder field
A preliminary economic study conducted in 2015 shows the Triple has the potential for an OPEX of just $14.02/lb, which would make it one of the world's lowest cost uranium producers.
from Strategic Investors
Fission is well-funded. In January 2016, CGN Mining invested $82 million at a substantial premium and signed an off-take agreement.