Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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
Post by teeveeon Oct 23, 2015 9:20am
148 Views
Post# 24219836

Updated Arrow resource calculation

Updated Arrow resource calculationFrom NXE Oct 22nd presentation:
A2: 300 m x 340 m, width 11-48.3 m (average width 29.65 m)
A3: 295 m x 420 m, width 30-78m (average 54 m)
To account for shape of zones,  divide by 2 
To be conservative,  use a density of 2.6
2204 pounds/tonne
My weighted average grade calculations are:
A2: 2.9%
A3: 1.0%
so.......
A2: (300 x 340 x 29.65)/2 x 2.6 x .029 x 2204= 251 million pounds 
A3: (295 x 420 x 54)/2 x 2.6 x. 0.01 x 2204= 191 million pounds

Total for Arrow zones A2 & A3 = 442 million pounds U3O8....


Bullboard Posts