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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 teeveeon Mar 18, 2016 10:43am
284 Views
Post# 24674773

RE:NXE deposit at risk???

RE:NXE deposit at risk???
GreenArrowUp wrote: Does the resource have tremendous potential to grow?
If one could picture the maiden resource as a vertical slab of solid mass with some drill holes spaced out 50 meters apart and the mass is estimated at 200mil of very high grade-- Ok so we will say everyone believes that NOW my question is other then to hit more tonnage outside of this slab then how does NXe grow to any great size
I believe the only good surprise on the main (lets call it the slab ) is if the grades are hughly higher as everyone here seems to think it is a given that the slab is solid with no gaps and continues on the madien grades( what if there is some dudes or much weaker grades ? what happens then 
love to hear any opinions


First, in the maiden resource calculation, the grades away from each drill hole were adjusted by the distance cubed. That means infill drilling will increase the resource by 1/3 just by drilling and confirming continuity. So far, infill drilling suggests that about 100 million pounds will be added simply by infill drilling. 

Second, infill drilling is finding more high grade outside the high grade sub zone modeled in the maiden resource statement. This will add more pounds. 

Third, infill and step out drilling will add more pounds to other zones.

Fourth, this does not include any discoveries at Bow or elsewhere on Rook I project.  

To put it into perspective, In the updated resource statement scheduled for this fall, NXE's resource will grow by an amount more than FCU's total resource. 



Bullboard Posts