NGEx is a Canadian mineral exploration company with exploration projects in Chile and Argentina. The Company's shares are listed on the TSX and on Nasdaq Stockholm under the symbol "NGQ". The Company's focus is on advancing its Project Constellation which contemplates the integrated development of two large copper-gold deposits: the Los Helados and the Josemaria deposits, located in Chile's Region III and adjacent San Juan Province, Argentina. Los Helados, in which the Company holds a majority interest, is part of a joint venture with Pan Pacific Copper Co. Josemaría, in which the Company also holds a majority interest, is part of a joint venture with Japan Oil, Gas, and Metals National Corporation (JOGMEC).
A Preliminary Economic Assessment of Project Constellation was completed in early 2016 showing an after-tax NPV (8%) of US$ 2.61 billion and an after-tax IRR of 16.6%. The PEA contemplates sequential production from an open pit mine at Josemaría (Argentina) followed by a block cave, underground mine at Los Helados (Chile). The two deposits are located approximately 10 kilometres apart, and, it is envisioned that material from both deposits would be processed at a centralized facility.