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NexGen Energy Ltd.
Summary
| Project: | Rook I | |
|---|---|---|
| Deposit: | Arrow | |
| Location: | Canada | |
| Commodities: | Uranium | |
| Date: | 11/5/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 5-11-2018: NexGen Energy Ltd. announces a Pre-Feasibility Study report for its Arrow deposit at the Rook I project. PFS results incl. post-tax NPV of CAD $3.66B (8%), IRR of 56.8%, Initial ore reserve. VANCOUVER, November 5, 2018 - NexGen Energy Ltd. ("Ne | |
| Resources: | (Reserve, Prob.): 3.433Mt @ 3.09% U3O8 | |
| CP/QP: | [Resources]: Mark Mathisen, David Ross (Roscoe Postle Associates Inc.) | |
| ABSTRACT: | VANCOUVER, November 5, 2018 - NexGen Energy Ltd. ("NexGen" or the "Company") (TSX:NXE, NYSE:NXE) is pleased to announce the results of an independent Pre-Feasibility Study ("PFS” or the “Study") and Mineral Resource update of the basement-hosted Arrow Deposit, located on the Company's 100% owned Rook I project(“Arrow” or the “Project”) in the Athabasca Basin in Saskatchewan, Canada. The PFS was completed jointly by Wood Group, and Roscoe Postle Associates Inc. ("RPA"), with other technical inputs completed by sub-consultants. Leigh Curyer, Chief Executive Officer, commented: "An assessment across all of the PFS metrics, results in a substantial improvement to the PEA with a 64% increase in average annual after tax net cash flow. Incorporating only the Indicated Mineral Resource, the life of mine drops from 15 to 9 years, yet the increase in average annual grade - whilst maintaining a consistent capex and lower opex - results in an after tax NPV of $3.7BN. In addition, the 43% increase in Indicated Mineral Resource growth during 2017 demonstrates with closer spaced drilling, Arrow improves and optimizes mine production plans. With these strong PFS results, the Company is expediting Arrow to Feasibility by initiating a 2 stage 125,000m (10 rig) high density drilling program. This will be the largest drilling, geotechnical and hydrogeological focused program in the history of NexGen. Preparations are well underway with the program brought forward and scheduled to commence in early December 2018. I would like to take the opportunity to congratulate the entire NexGen team, key consultants, local communities and Government departments for their outstanding commitment and execution of Arrow’s development.” | |
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