With $96m Capex, $15/lb Cash Costs, Salamanca DFS dazzles

Berkeley Energia (AIM/ASX:BKY) has further boosted the appeal of its Salamanca project in Spain with the recently-completed definitive feasibility study (DFS) that shows an upfront capital outlay of $95.7 million and all-in cash costs of $15.06 per pound U3O8, significantly below current spot and term price indices ( see sidebar, right). The firm announced the DFS results on July 14, highlighting that the study “has confirmed the Salamanca project as one of the world’s lowest cost producers capable of generating strong after tax cash flow through the current low point in the uranium price cycle.”