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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 Malcolm2001on Dec 04, 2018 6:37pm
121 Views
Post# 29064708

RE:Mine development?

RE:Mine development?I am not aware of any pofficial statements from Curyer on this so I doubt if it is based on any communication from NXE. It is speculation for the most part. However I will say this. The Arrow mine is not planning to use tailings ponds and these are the key source of regulatory angst.

By mixing the waste materials from mining and milling with concrete and placing it back underground NexGen has sidestepped a key and time consuming regulatory hurdle. The premise is that if the material was undegrouind and shielded from the public WITH the Uranium in it then it will be even safer without the Uranium in it.

It is my view that the CNSC will view this innovation favourably. Tailings ponds take a lot of long term maintenance and they take time to construct to modern standards so not having them saves time and money and more importantly makes it simpler to geet the mine permitted.

So I think 2022 is quite do-able to get this into production. Two years to permit and two years to construct is very fast but remember this mine should have none of the issues that Cigar and McArthur had in terms of water ingress and the need for expensive ground freezing equipment. It should be a dry hard rock mine. I had also heard that NXE wants to use robotic mining machines thereby eliminating any exposure to radioactive materials underground. Such an innovation would further reduce permitting time.

In summary 2022 would be about the perfect time to come into production and the profitability will be very good. We shall see.
Bullboard Posts