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Groundwater samples for lab analysis are gathered from wells following the Company's standard Groundwater Tasting Procedure for Wheeler River and are sent out to Saskatchewan Research study Council ("SRC") Ecological Analytical Laboratories situated in Saskatoon.  View Details  are collected from the sample port of the wellhead for extraction wells, throughout pumping of MWs and after wells are purged.

For a description of the information verification, assay procedures and the quality guarantee program and quality assurance measures applied by Denison, please see Denison's Yearly Info Type dated March 26, 2021 submitted under the Company's profile on SEDAR at . As laid out in the Business's press release dated December 1, 2020, Denison has actually chosen to adjust its strategies for the Project to use a phased mining approach, which is anticipated to permit the targeted extraction of the least capital-intensive reserves initially, based upon the grade and distribution of ore in various locations of the deposit.

Phase 1 of the deposit is estimated to consist of roughly 22. 2 million pounds U3O8 (37,242 tonnes at 27. 1% U3O8, above a cut-off grade of 0. 8% U3O8) in Probable mineral reserves. Based upon present designs, the Company estimates approximately 6. 6 million pounds U3O8 (7,717 tonnes at 39.

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8% U3O8) in Probable mineral reserves are consisted of within the expected operating border of the CSWs in the Test Pattern (see Figure 1). These price quotes are derived as a direct subset of those reported in the Technical Report titled "Pre-feasibility Research study for the Wheeler River Uranium Task, Saskatchewan, Canada" dated October 30, 2018 with an efficient date of September 24, 2018.

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Wheeler River is the largest undeveloped uranium project in the infrastructure rich eastern part of the Athabasca Basin area, in northern Saskatchewan consisting of combined Indicated Mineral Resources of 132. 1 million pounds U3O8 (1,809,000 tonnes at a typical grade of 3. 3% U3O8), plus combined Inferred Mineral Resources of 3.