Nexgen Energy Ltd T.NXE

Alternate Symbol(s): NXE

Energy

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.

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Nexgen Energy Ltd

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Comment by PamplonaTraderon Oct 14, 2015 1:04pm

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Post# 24190661

RE:RE:RE:RE:Radio

Thanks for your response, BDM.

I am working on an update to my Lazy Estimate.

As you've suggested, I am doing separate estimates for the (a) Ultra HG sub core, which is showing thick, continuous intercepts of 5%-10% and (b) HG core, which is running between 2%-4% U308

Using some crude assumptions, I am getting roughly 55mm lbs from the Ultra HG sub core and 285mm lbs from the HG core.

(160m strike * 50m depth * 13m width) * 2204.62 * sg 3.14 * 7.5% U308 = 55mm lbs
FYI: 49c2 had half the composite off scale of 44b but both returned 50m+ of 11.55% or better, both with 18m+ of 20% or better.
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