The PFS assigns the project a $693m after-tax net present value at an 8% discount rate and a 21% after-tax internal rate of return.
Saskatchewan Mining News
The project lies on the southwest edge of the Athabasca Basin in the Patterson uranium district.
CanPacific Potash plans a new 3.25 million tonne per year solution potash mine and submitted its environmental impact assessment to the province in January.
The company said that 14 of the 20 assays exceeded the cobalt equivalent grade of 0.023% or more.
NexGen Energy has been busy with feasibility stage drilling at its Rook I property in the Athabasca Basin.
Saskatchewan potash producers had no input before the surprise provincial budget announcement that they may pay an estimated C$117m more next year.
About 27% of the diamonds at the company’s Orion South and Star exploration sites are type IIa, a category that represents less than 2% of all rough stones mined from kimberlites.
The Fraser Institute has released its annual ranking of the best jurisdictions for mineral investment. Four of the top 10 places are Canadian provinces.
The company says it has seen a significant improvement over the past year, with prices up about 20%, but believes conditions are not where they need to be to restart idled capacity.
Other assays were positive as well.
28 geotechnical holes are to be drilled as part of the resource development phase of work.
NexGen Energy is embarking on the largest drill program in its history at the Rook I project in the Athabasca Basin.
The energy project, led by DEEP Earth Energy Production Corporation, is the first of its kind in Canada.
Murchison now controls 221.8 km2 of mineral rights over a strike length of approximately 29 kilometres.
Skyharbour secured an option to acquire the Moore property from Denison Mines in June 2016.
Hook Lake is owned jointly by Cameco Corp. (39.5%), Orano Canada (39.5%) and Purepoint Uranium Group (operator and holder of a 21% interest).
The property, east of Uranium City, returned 10.02% TREO by weight over 3.55 metres.
Star Diamond Corporation announced that Rio Tinto Exploration Canada commenced an HQ core drilling program on 11 holes.
Vancouver-based NexGen Energy, Wood Group and Rosco Postle Associates have completed the pre-feasibility study for NexGen’s Rook I project in the Athabasca Basin.
The preliminary economic assessment of the mine estimates that 66 million carats of diamonds could be recovered over a 38-year project life.
Canada’s Athabasca Basin has become the prime destination for high-grade uranium, with grades in excess of 100x global averages.
Work at the project, located immediately next to Cameco's Fox Lake uranium discovery, has been focused on evaluating the C10 corridor, which is highlighted by the NE-striking conductivity high in the southern part of the property.
Project is located in the northeastern Athabasca Basin of northern Saskatchewan, approximately 75 kilometres east of Stony Rapids.
But the Canadian company said the uranium market remained “quiet.”
Following a community outcry, Aben Resources and Eagle Plains Resources decided to suspend their planned drill program at the Chico Gold Project.