NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX:NXE) (NYSE:NXE) (ASX: NXG) 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.
