The Financial Post reports in its Saturday edition that NexGen Energy is in the final stage of the Canadian Nuclear Safety Commission regulatory process for its Rook 1 development in Saskatchewan. A Postmedia dispatch to the Post reports that a hearing is scheduled for Monday in Saskatoon. NexGen characterizes it as a large-scale project with high-grade uranium. The mine, about 150 kilometres north of the town of La Loche, is estimated to cost $2.2-billion to build.
NexGen chief executive officer Leigh Curyer said that while the mine is in the Athabasca basin like other uranium mines in Saskatchewan, his company's project is on the edge of the basin, in a region that is easier to mine.
He said: "We are in the very hard crystalline basement rock where the deposit is located. The deposit starts at 100 metres from surface, going down to 920 metres, which makes it shallower than some of the current uranium deposits that are in production in the Athabasca basin. It is simpler from an extraction method and is a very clean ore body. The processing of it is simpler as well." An exploration airstrip is under construction at the site. Mr. Curyer said, "This makes the project ready for significant exploration going forward."
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