NexGen Energy Ltd. is pleased to announce that the Company has awarded the engineering, procurement, and construction management (“EPCM”) contract for the FEED stage of the Rook I Project to Hatch with work well underway. Hatch is a global leader in project management and engineering with extensive experience delivering mining projects in Saskatchewan and across Canada.
The awarding of the EPCM contract comes at the conclusion of a rigorous and competitive tender process involving multiple globally recognized industry firms. Integrating fully into the owner’s team, Hatch is responsible for providing NexGen with engineering, procurement, and execution planning services, along with supporting overall project management.
Following the successful completion of the Rook I Feasibility Study in February of this year (see News Release), NexGen is transitioning into the next stage of advanced project development with the commencement of FEED. In line with the optimized project execution strategy, the FEED stage will advance overall engineering to a 40-45% level of completion with associated cost estimate, fully define long-lead procurement actions, and further refine execution planning to prepare the Project for the pending construction stage. This FEED stage is scheduled for completion in Q3 2022 and will be undertaken concurrently with the engagement, Environmental Assessment (“EA”) and Licensing workstreams.
The 2021 Site Investigation program is advancing safely and as planned as a pre-cursor for FEED. Surface investigation field work is now complete, which consisted of test pits and sonic boreholes in locations of planned infrastructure. The collection of confirmational geological, geotechnical, and hydrogeologic characterization data is nearing completion, and early analysis of this data has validated the current designs established in the Feasibility Study and confirms the understanding of the rock mass proximal to the underground infrastructure and Underground Tailings Management Facility (“UGTMF”). Updates on both the 2021 Site Investigation program as well as the regional greenfields exploration program are scheduled to be released prior to year end.
Leigh Curyer, Chief Executive Officer, commented: “Advancing into the FEED stage of development is another exciting milestone for the Company, and we’re pleased to welcome Hatch to NexGen’s growing high performance team in advancing the Rook I project towards the start of construction. Hatch’s exemplary reputation in the global mining sector and deep understanding of value-driven project delivery aligns perfectly with NexGen’s commitment to elite standards and is a key step in the development of this leading global resource project. In parallel, the drafting of the Project’s Environmental Impact Study and licensing workstreams nearing completion, together with regional exploration targeting new zones of potential “Arrow-type” mineralization, further exemplifies the NexGen team’s commitment to the successful execution of multiple workstreams.”
Tony George, Chief Project Officer, commented: “The project team is excited to be partnering with Hatch – a company whose culture and project development ethic fits perfectly with NexGen’s vision and values. As we continue to progress through development milestones, it’s rewarding to see top talent being attracted to our team in Saskatoon due to NexGen’s growing reputation for Elite Standards in all that we do.”
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Find out more on www.hatch.com
NexGen is a British Columbia corporation focused on the development of the Rook I Project located in the southwestern Athabasca Basin, Saskatchewan, Canada into production. The Rook I Project is supported by a NI 43-101 compliant Feasibility Study which outlines elite environmental performance as well as industry leading economics. Rook I hosts the Arrow Deposit that hosts Measured Mineral Resources of 209.6 M lbs of U3O8 contained in 2.18 M tonnes grading 4.35% U3O8, Indicated Mineral Resources of 47.1 M lbs of U3O8 contained in 1.57 M tonnes grading 1.36% U3O8, and Inferred Mineral Resources of 80.7 M lbs of U3O8 contained in 4.40 M tonnes grading 0.83% U3O8. .
NexGen has a highly experienced team of uranium industry professionals with a successful track record in the discovery of uranium deposits and in developing projects through discovery to production. The Company is the recipient of the 2018 PDAC Bill Dennis Award for Canadian mineral discovery and the 2019 PDAC Environmental and Social Responsibility Award.
All technical information in this news release has been reviewed and approved by Anthony ( Tony) George , P.Eng, NexGen’s Chief Project Officer, a qualified person under National Instrument 43-101.
A technical report in respect of the FS is filed on SEDAR ( www.sedar.com ) and EDGAR (www.sec.gov/edgar.shtml ) and is available for review on NexGen Energy’s website (www.nexgenenergy.ca ).