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Nexgen Energy Ltd T.NXE

Alternate Symbol(s):  NXE

NexGen Energy Ltd. is a Canadian company focused on delivering clean energy fuel for the future. It is engaged in the acquisition, exploration and evaluation and development of uranium properties in Canada. It is focused on optimally developing the Rook I Project. It has a portfolio of highly prospective projects, including its 100% owned Rook I property that is host to the high-grade Arrow Deposit, South Arrow, Harpoon, Bow, and the Cannon area. The Rook I Project is a development-stage uranium project in Canada. The new underground mine and mill development is located in the uranium-rich district of the southwestern area of the Athabasca Basin, located in Saskatchewan. Arrow is a 100% land-based, basement-hosted, and high-grade uranium discovery. The Rook I Project, host of the Arrow Deposit, which is a development-stage uranium project in Canada and is 100% owned by NexGen Energy Ltd. The Rook I property hosts the Harpoon Discovery located 4.7 km northeast of the Arrow Deposit.


TSX:NXE - Post by User

Bullboard Posts
Comment by goldmansuckson Nov 21, 2014 11:59am
443 Views
Post# 23152151

RE:RE:RE:RE:RE:Direction ...

RE:RE:RE:RE:RE:Direction ...
I look at it from another perspective.  The engineering of the dyke at PLS will be somewhat horrendous technically and commercially.  The problem is the depth of overburden.  The more I look into it the uglier it gets.  Dominion Diamond recently submitted the Jay Project for regulatory approval and the project decription is found here (25 MB file, sorry). 


https://www.reviewboard.ca/upload/project_document/EA1314-01_S_03_Project_Description.PDF


Have a look at page 3-48 and the subsequent dyke sections.  The dykes constructed to date up north have gone to bedrock with an impermiable core/cut off wall.  PLS cannot go to bedrock since there is 40-50 m of overburden.  Jet grouting will not work since the hydrostatic pressures in the overburden will be too high at depth.  It is a method intended for shallow civil work.  So it will be necessary to freeze the core instead with vertical freeze holes drilled into the basement rock through the dyke and overburden to establish the impermiable barrier.  The shoreline side will need cut off wells or freeze wall also.  Fine.  When the pit mining occurs though, a 50 metre highwall of overburden is now exposed.  The civil engineers will tell you its angle of repose will need to be about 1:3.5 for stability.  What this means is the dyke will likely have to be 200-250 metres back from the pit rim  (3.5 x 50 plus plus safety benches at the bedrock and top of overburden).   So this standback distance (and the need to drill a freeze hole every 1.5,-2.0m) adds tremendously to the capital cost and construction time for this project.  So I get pretty quesy just thinking about it.  No one has ever successfully done this although it was proposed (and I understand partially implemented) at the Aquarius gold project near Timmins.    

https://groundfreezing.net/technical-papers/aquarius-project/

Whereas underground mining at Arrow should be a piece of cake technically.  (I was study manager for the Millennium PEA and pre.-feas, mine manager at Eagle Point, mine super at McArthur etc. etc,. you know the drill.)  So I get a warm feeling with NXE but an upset stomach with FCU from a construction perspective.  NXE however needs to prove out the deposit so there is plenty riding on this winters drilling obviously. 
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