Fission Uranium PFS economics comparable PEA M lbsLatest interview - Ross McElroy: Yeah. Just a little bit of background and context to that, in a pre-feasibility study, the resource that you can use has to be the classification that's indicated and higher. If you have an inferred resource, the part of your deposit that's inferred cannot be used in the pre-feasibility study. It's of interest, but it can't be used to develop the economics.
Look like Ross had a strategy to get back to the PEA lbs used by UPRADING the R780E zone Inferred resource lbs to indicated - We have our high-grade domain, this is the section of the deposit that averages around 20% U308. It's a significant portion of the deposit. There were certain parts of that high-grade domain in the 780 zone that were still classified as inferred, and what that means is we just need more drill hole density in particular areas.
We expected to hit mineralization. We expected the high-grade zone, but we just needed some tighter drilling in a few key areas, and that's what these nine holes were meant to do. I think we'll have the entire high grade domain now in the indicated category. A surprising welcome event for us was to see that not only were the results what we expected, that basically tells us that our modeling of the deposit is bang on, that we understand how we've modeled the grades and the mineralization, but to see it actually exceed in a few cases where we're getting wider than expected zones, I think bodes very well.
Obviously, the more uranium you can put into the resource, the better the overall pre-feasibility study will look from an economic perspective. That was the final part of the pre-feasibility fieldwork was to finish upgrading that key portion of the deposit to indicated. I think we've achieved it. I mean, we obviously have to wait for the assays to see what the results are and do the block modeling that's needed to get the resource estimate out. But I think that we're confident in saying that I think we've achieved our objectives on that program.
No way Nexgen will have comparable lbs to the PEA given the high % of Inferred. Investors expectations will be crushed on the news.