Tag: NexGen Energy Ltd.

NexGen Energy (NXE) announced radioactivity results and completion of 2021 field programs at the Arrow deposit at its 100%-owned, Rook I property, Athabasca Basin, SK. Eighteen drill holes (~10,849m) focused along strike and below the world-class Arrow Deposit (~4,449m) and adjacent EM conductors (~6,400m). The modest radioactivity found at depth was the highlight of this press release. Coincidentally, radioactivity was noted both along trend to the east of Arrow and on other parallel conductors to the SE. Geotechnical work also confirmed that ground close to potential underground workings are competent and suitable for development. Overall, we believe that these positive drill results do require follow-up exploration. While they may not yet be material for a ~$2.3B firm that owns, what we believe to be one of the largest (337.4M lb of high-grade M&I+I U3O8), if not the world’s best uranium project. However, these deposits do not typically occur in isolation either, so we encourage management to continue exploring the property. The Rook I FS suggests significant production, at very low cost, over a long LOM. Permitting for Arrow continues.