Resource World Magazine

44 www.resourceworld.com F E B R U A R Y / M A R C H 2 0 1 9 11 10 CANADIAN MINING STOCKS open, and high-grade surface assays of up to 24 g/t gold. The Iron Horse Project is located in the prolific Labrador Trough, Canada's premiere iron ore producing dis- trict, and its diamond drilling, completed by Sokoman, included a new discovery highlighted by a 354 metre intercept grad- ing 27.8% Fe. Sokoman Iron has high-grade gold and base metal properties with significant exploration potential, is well funded with $3.7 million in the treasury. NEXGEN ENERGY LTD. [NXE-TSX] NexGen Energy is a well-funded for the acquisition, exploration and develop- ment of uranium projects. NexGen has a highly experienced team of uranium industry professionals with expertise in corporate finance and a successful record in mine development. The company holds over 259,000 hectares of land across the Athabasca Basin region of northern Saskatchewan and owns a portfolio of high-impact projects spearheaded by its flagship asset, the high-grade Arrow deposit. NexGen's portfolio is considered to include the most prospective group of uranium properties known, given the mineralization discovered to date. Based on the most recent resource estimate, the Arrow deposit has an indicated mineral resource of 179.5Mlbs U 3 O 8 contained within 1.18Mt grading 6.88% U 3 O 8 includ- ing a high-grade core of 164.9Mlbs U 3 O 8 contained within 0.40Mt grading 18.84% U 3 O 8 , and an inferred mineral resource of 122.1Mlbs U 3 O 8 contained within 4.25Mt grading 1.30% U 3 O 8 . In addition, NexGen has released an independent PFS indicating an Average Annual after-tax net Cash Flow of $909 million. The above mentioned results make the asset the largest development-stage uranium deposit in Canada. NexGen's primary focus in 2019 will be to not only delineate Arrow in the most optimal way possible both in terms of cost and time, but also to try and determine what the entire Rook I property portfolio may hold. DENISON MINES CORP. [DML-TSX; DNN-NYSE AMERICAN] Denison Mines is a uranium exploration and development company focused in the Athabasca Basin region of northern Saskatchewan. The company's total interest in the area is approximately 320,000 hect - ares and includes its 90%-owned Wheeler River flagship project, which ranks as the largest undeveloped high-grade uranium project in the infrastructure-rich eastern portion of the district. In 2018, the company completed a PFS for Wheeler River, which was highlighted by the selection of the In-Situ Recovery ("ISR") mining method for the high-grade Phoenix deposit. Operating costs at Phoenix are esti - mated to be an industry low of US$3.33/lb U 3 O 8 , driving an overall project base-case pre-tax NPV of $1.31 billion and IRR of 38.7%. As a second phase of development at Wheeler, Denison intends to utilize excess licensed capacity at its 22.5% owned

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