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NexGen Energy Ltd.
Summary
| Project: | Rook I | |
|---|---|---|
| Deposit: | Arrow | |
| Location: | Canada | |
| Commodities: | Uranium | |
| Date: | 3/6/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-3-2017: NexGen Energy Ltd. announces a Resource Estimation report for its Arrow deposit at the Rook I project. Updated Mineral Resource estimate at Arrow. Roscoe Postle Associates Inc. (RPA) was retained by NexGen Energy Ltd. (NexGen) to prepare an inde | |
| Resources: | (Resource): 1.18Mt @ 6.88% U3O8 (Ind.) and 4.25Mt @ 1.3% U3O8 (Inf.) at Arrow | |
| CP/QP: | [Resources]: Mark Mathisen, David Ross (Roscoe Postle Associates Inc.) | |
| ABSTRACT: | Roscoe Postle Associates Inc. (RPA) was retained by NexGen Energy Ltd. (NexGen) to prepare an independent technical report on the Rook I Property (the Property), located in Saskatchewan, Canada. This technical report conforms to National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101). The purpose of this report is to support the disclosure of an updated Mineral Resource estimate for the Arrow Deposit located on the Property. RPA visited the Property from January 22 to 25, 2017 during an active drilling campaign. NexGen is a Canadian exploration company, primarily engaged in the acquisition, evaluation, and development of uranium properties with a view to commercial production. A Mineral Resource estimate for the Arrow Deposit, based on 220 diamond drill holes totalling 132,744 m, was completed by NexGen and audited by RPA. Of the 220 holes completed, 13 holes were abandoned before reaching their target, are considered restarts, and were not used in the Mineral Resource estimate. The Rook I Property hosts a significant uranium deposit and, in RPA’s opinion, merits considerable exploration and development work. The primary objectives are to undertake studies to aid in justifying the development of the Arrow Deposit, continue to expand the Arrow Mineral Resource, and explore elsewhere on the Property. Drilling is planned in two phases with NexGen’s proposed Phase I budget of $141.5 million. Phase II totalling $60 million is contingent on results from Phase I. RPA has reviewed the scope of work and is in agreement with NexGen’s proposed budget. | |
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