Peer recognition is important in an industry like mineral exploration. All too often only a small section of the investing public is paying attention to a particular company. Significant discoveries, particularly when they are not about gold, can be neglected. The PDAC awards look beyond the headlines.
Bill Dennis Award: NexGen Energy Ltd.
NexGen Energy’s exploration team discovered Arrow, one of the largest undeveloped uranium deposits in the world, in the Athabasca Basin of Saskatchewan in 2014. Based on a recent Preliminary Economic Assessment, the blind discovery has a net present value of $3.49 billion and an extraordinary internal rate of return of 56.7% assuming a uranium price of US$50 per pound U3O8.
Thayer Lindsley Award: Don Taylor
The Taylor lead-zinc-silver deposit in Arizona is considered among the top undeveloped deposits of its kind in the world. Don Taylor discovered the eponymous deposit in 2014 after deducing that considerable lead-zinc mineralization might occur below a known silver-manganese deposit on surface. The 61-million-tonne (and growing) deposit is expected to reach production in 2020.
You can see the rest of the PDAC awards here.