- RK-25-232 intersects broad zone of
intense mineralization including 3.9
m of >61,000 cps
- High-grade subdomain doubles in size to 210 m strike and 335
m vertical extent
- Represents best hole drilled at any NexGen property,
including Arrow, during the discovery-phase of exploration
VANCOUVER, BC, March 24,
2025 /PRNewswire/ - NexGen Energy Ltd. ("NexGen"
or the "Company") (TSX: NXE) (NYSE: NXE) (ASX: NXG) is
excited to announce the best hole drilled to date, RK-25-232
(Figures 1 and 2). This hole has materially expanded the shallow
inner high-grade subdomain at Patterson Corridor East (PCE).
Drillhole RK-25-232 intersected 3.9 meters ("m") of
>61,000 cps, indicating rich uranium concentration within a
larger 13.8 m mineralized
interval that starts at 452.2 m
(Figures 3 and 4, Table 1). It is one of the shallowest
high-grade intersections at PCE and open in all directions
(including 300 m up dip) within the
competent basement rock. Four additional winter drillholes all
located a minimum 50 m from RK-25-232
have all encountered high-grade intercepts containing >61,000
cps (RK-25-227, -230, -233, -236) expanding the high-grade
subdomain to 210 m along strike
and 335 m of vertical extent,
doubling in size since last reported in November 2024 (previously 100 m strike and 170
m vertical extent). Ongoing exploration will focus on
growing and defining this high-grade zone from hole RK-25-232.
Leigh Curyer, Chief Executive Officer, commented: "This
intercept from RK-25-232 is geologically exceptional and represents
a transformational moment taking PCE into a category to rival Arrow
at the same stage of drilling. Discovering mineralization of this
intensity so early in our 2025 program outpaces the success pattern
experienced at the Arrow Deposit. Incredible, considering
Arrow's status on the world stage. To put this into context, the
width of high-grade intense mineralization in RK-25-232 at PCE was
first encountered at Arrow well into the delineation phase of
resource definition. Together with Arrow, it's validation a very
significant regional mineralizing event has occurred at Rook I that
we are only just beginning to assess the magnitude.
Today's result comes at a time the need for Canada to optimize the development of its
energy fuel resources has never been more important. NexGen,
Saskatchewan and our community
partners are ready to immediately commence construction of the Rook
I Project subject to the completion of the CNSC approval
process."
Jason Craven, Vice President,
Exploration, commented: "Another exciting evaluation milestone has
been achieved by intersecting the surge of mineralization intensity
in RK-25-232. Vein-type uranium is known to have high-grade zones
within broad, structurally controlled footprints. Our focus is to
expand the high-grade subdomain while also investigating for
natural repetition within the evolving mineralized footprint, all
of which is very similar to the approach to Arrow's resource
development."
The development of PCE has advanced quickly over the past year;
from an initial discovery of new vein-type basement-hosted uranium
in February 2024, to a rapidly
growing mineralized footprint and expanding high-grade, and now to
a best-ever high-grade intersection in RK-25-232. An interpreted 3D
model (Figures 1 and 2) provides a new visual representation of the
scale and setting of the mineralization.
Reporting of assays from 2024 is expected in April once all
results have been received and verified.
Table 1: 2025 Spectrometer results as of March 13
|
Drillhole
|
Unconformity
Depth (m)
|
Handheld Spectrometer Results (RS-125)
|
|
Hole
ID
|
Azimuth
|
Dip
|
Total
Depth (m)
|
From
(m)
|
To
(m)
|
Width
(m)
|
CPS
Range
|
|
RK-25-225
|
330
|
-70
|
684.0
|
108.6
|
475.00
|
475.5
|
0.5
|
<500
|
|
|
|
|
|
479.5
|
480.0
|
0.5
|
<500 -
1400
|
|
|
|
|
|
482.0
|
482.5
|
0.5
|
<500 -
850
|
|
|
|
|
|
482.5
|
483.0
|
0.5
|
<500
|
|
|
|
|
|
483.5
|
484.0
|
0.5
|
<500
|
|
|
|
|
|
484.0
|
484.5
|
0.5
|
<500
|
|
|
|
|
|
484.5
|
485.0
|
0.5
|
<500
|
|
|
|
|
|
498.5
|
499.0
|
0.5
|
<500 -
650
|
|
|
|
|
|
499.0
|
499.5
|
0.5
|
<500 -
830
|
|
|
|
|
|
509.0
|
509.5
|
0.5
|
<500 -
1300
|
|
|
|
|
|
509.5
|
510.0
|
0.5
|
<500
|
|
|
|
|
|
510.5
|
511.0
|
0.5
|
<500 -
750
|
|
|
|
|
|
511.0
|
511.5
|
0.5
|
<500 -
1800
|
|
|
|
|
|
517.5
|
518.0
|
0.5
|
<500
|
|
|
|
|
|
523.0
|
523.5
|
0.5
|
<500
|
|
|
|
|
|
523.5
|
524.0
|
0.5
|
<500
|
|
|
|
|
|
526.5
|
527.0
|
0.5
|
<500
|
|
|
|
|
|
539.0
|
539.5
|
0.5
|
<500
|
|
|
|
|
|
539.5
|
540.0
|
0.5
|
<500
|
|
|
|
|
|
540.0
|
540.5
|
0.5
|
<500
|
|
|
|
|
|
541.0
|
541.5
|
0.5
|
<500 -
1600
|
|
|
|
|
|
541.5
|
542.0
|
0.5
|
<500
|
|
RK-25-226
|
330
|
-70
|
655.5
|
N/A
|
539.0
|
539.5
|
0.5
|
<500
|
|
|
|
|
|
540.5
|
541.0
|
0.5
|
<500 -
550
|
|
|
|
|
|
578.5
|
579.0
|
0.5
|
<500
|
|
|
|
|
|
579.5
|
580.0
|
0.5
|
<500
|
|
|
|
|
|
580.0
|
580.5
|
0.5
|
<500 -
880
|
|
|
|
|
|
580.5
|
581.0
|
0.5
|
<500 -
510
|
|
|
|
|
|
582.0
|
582.5
|
0.5
|
<500
|
|
|
|
|
|
583.0
|
583.5
|
0.5
|
<500
|
|
|
|
|
|
583.5
|
584.0
|
0.5
|
<500 -
2200
|
|
|
|
|
|
584.0
|
584.5
|
0.5
|
<500 -
980
|
|
|
|
|
|
586.5
|
587.0
|
0.5
|
<500
|
|
|
|
|
|
587.0
|
587.5
|
0.5
|
<500
|
|
|
|
|
|
589.0
|
589.5
|
0.5
|
<500
|
|
|
|
|
|
589.5
|
590.0
|
0.5
|
<500
|
|
|
|
|
|
590.0
|
590.5
|
0.5
|
<500
|
|
|
|
|
|
590.5
|
591.0
|
0.5
|
<500 -
730
|
|
|
|
|
|
591.0
|
591.5
|
0.5
|
<500 -
720
|
|
|
|
|
|
591.5
|
592.0
|
0.5
|
<500
|
|
|
|
|
|
592.0
|
592.5
|
0.5
|
<500 -
1200
|
|
|
|
|
|
592.5
|
593.0
|
0.5
|
<500 -
1280
|
|
|
|
|
|
593.0
|
593.5
|
0.5
|
<500 -
1150
|
|
|
|
|
|
594.0
|
594.5
|
0.5
|
<500 -
890
|
|
|
|
|
|
594.5
|
595.0
|
0.5
|
<500
|
|
|
|
|
|
595.0
|
595.5
|
0.5
|
1000 - 5400
|
|
|
|
|
|
595.5
|
596.0
|
0.5
|
<500
|
|
|
|
|
|
596.0
|
596.5
|
0.5
|
<500
|
|
|
|
|
|
597.5
|
598.0
|
0.5
|
<500
|
|
|
|
|
|
598.0
|
598.5
|
0.5
|
<500 -
770
|
|
|
|
|
|
598.5
|
599.0
|
0.5
|
<500 -
1600
|
|
|
|
|
|
599.0
|
599.5
|
0.5
|
<500
|
|
|
|
|
|
599.5
|
600.0
|
0.5
|
<500 -
510
|
|
|
|
|
|
600.0
|
600.5
|
0.5
|
<500 -
710
|
|
|
|
|
|
602.0
|
602.5
|
0.5
|
<500
|
|
|
|
|
|
606.0
|
606.5
|
0.5
|
<500
|
|
RK-25-227
|
330
|
-70
|
657.0
|
113.4
|
493.0
|
493.5
|
0.5
|
<500
|
|
|
|
|
|
496.0
|
496.5
|
0.5
|
<500
|
|
|
|
|
|
496.5
|
497.0
|
0.5
|
<500
|
|
|
|
|
|
497.5
|
498.0
|
0.5
|
<500 -
950
|
|
|
|
|
|
498.0
|
498.5
|
0.5
|
<500
|
|
|
|
|
|
505.5
|
506.0
|
0.5
|
<500 -
650
|
|
|
|
|
|
506.0
|
506.5
|
0.5
|
<500 -
2300
|
|
|
|
|
|
506.5
|
507.0
|
0.5
|
<500 -
650
|
|
|
|
|
|
507.0
|
507.5
|
0.5
|
<500 -
1500
|
|
|
|
|
|
507.5
|
508.0
|
0.5
|
<500 -
1250
|
|
|
|
|
|
508.0
|
508.5
|
0.5
|
<500
|
|
|
|
|
|
508.5
|
509.0
|
0.5
|
<500 -
1400
|
|
|
|
|
|
509.0
|
509.5
|
0.5
|
<500 -
2500
|
|
|
|
|
|
509.5
|
510.0
|
0.5
|
<500
|
|
|
|
|
|
510.5
|
511.0
|
0.5
|
<500
|
|
|
|
|
|
511.0
|
511.5
|
0.5
|
<500
|
|
|
|
|
|
511.5
|
512.0
|
0.5
|
<500
|
|
|
|
|
|
512.5
|
513.0
|
0.5
|
<500
|
|
|
|
|
|
513.5
|
514.0
|
0.5
|
<500
|
|
|
|
|
|
514.0
|
514.5
|
0.5
|
<500
|
|
|
|
|
|
514.5
|
515.0
|
0.5
|
<500
|
|
|
|
|
|
515.0
|
515.5
|
0.5
|
<500 -
1600
|
|
|
|
|
|
515.5
|
516.0
|
0.5
|
<500
|
|
|
|
|
|
516.0
|
516.5
|
0.5
|
800 - 2000
|
|
|
|
|
|
516.5
|
517.0
|
0.5
|
600 - 2000
|
|
|
|
|
|
517.0
|
517.5
|
0.5
|
700 - 3000
|
|
|
|
|
|
517.5
|
518.0
|
0.5
|
1200 - 5700
|
|
|
|
|
|
518.0
|
518.5
|
0.5
|
1500 - 4500
|
|
|
|
|
|
518.5
|
519.0
|
0.5
|
1000 - 4500
|
|
|
|
|
|
519.0
|
519.5
|
0.5
|
<500 -
1500
|
|
|
|
|
|
519.5
|
520.0
|
0.5
|
<500 -
800
|
|
|
|
|
|
520.0
|
520.5
|
0.5
|
1000 -
14000
|
|
|
|
|
|
520.5
|
521.0
|
0.5
|
500 - 1300
|
|
|
|
|
|
521.0
|
521.5
|
0.5
|
1000 - 3000
|
|
|
|
|
|
521.5
|
522.0
|
0.5
|
800 - 3000
|
|
|
|
|
|
522.0
|
522.5
|
0.5
|
1500 - 5000
|
|
|
|
|
|
522.5
|
523.0
|
0.5
|
<500 -
4000
|
|
|
|
|
|
523.0
|
523.5
|
0.5
|
<500 -
600
|
|
|
|
|
|
523.5
|
524.0
|
0.5
|
<500 -
900
|
|
|
|
|
|
524.0
|
524.5
|
0.5
|
<500
|
|
|
|
|
|
533.0
|
533.5
|
0.5
|
<500
|
|
|
|
|
|
533.5
|
534.0
|
0.5
|
<500 -
1200
|
|
|
|
|
|
534.0
|
534.5
|
0.5
|
1200 - 1200
|
|
|
|
|
|
534.5
|
535.0
|
0.5
|
700 - 950
|
|
|
|
|
|
535.0
|
535.5
|
0.5
|
950- 1600
|
|
|
|
|
|
535.5
|
536.0
|
0.5
|
1200 - 4200
|
|
|
|
|
|
536.0
|
536.5
|
0.5
|
1200 - 6100
|
|
|
|
|
|
536.5
|
537.0
|
0.5
|
600 - 1600
|
|
|
|
|
|
537.0
|
537.5
|
0.5
|
3000 -
14000
|
|
|
|
|
|
537.5
|
538.0
|
0.5
|
>61000
|
|
|
|
|
|
538.0
|
538.1
|
0.1
|
45000 -
55000
|
|
|
|
|
|
538.1
|
538.5
|
0.4
|
>61000
|
|
|
|
|
|
538.5
|
539.0
|
0.5
|
850 - 6500
|
|
|
|
|
|
539.0
|
539.1
|
0.1
|
900 - 1200
|
|
|
|
|
|
539.1
|
539.2
|
0.1
|
25000 -
55000
|
|
|
|
|
|
539.2
|
539.5
|
0.3
|
20000 -
37000
|
|
|
|
|
|
539.5
|
539.6
|
0.1
|
>61000
|
|
|
|
|
|
539.6
|
539.7
|
0.1
|
25000 -
55000
|
|
|
|
|
|
539.7
|
540.0
|
0.3
|
>61000
|
|
|
|
|
|
540.0
|
540.5
|
0.5
|
1700 - 6500
|
|
|
|
|
|
540.5
|
541.0
|
0.5
|
800- 1400
|
|
|
|
|
|
541.0
|
541.5
|
0.5
|
<500 -
900
|
|
|
|
|
|
541.5
|
542.0
|
0.5
|
<500
|
|
|
|
|
|
542.0
|
542.5
|
0.5
|
<500 -
1200
|
|
|
|
|
|
542.5
|
543.0
|
0.5
|
<500 -
1200
|
|
|
|
|
|
543.0
|
543.5
|
0.5
|
<500 -
1600
|
|
|
|
|
|
544.0
|
544.5
|
0.5
|
600 - 3800
|
|
|
|
|
|
544.5
|
545.0
|
0.5
|
<500 -
9400
|
|
|
|
|
|
545.0
|
545.5
|
0.5
|
<500
|
|
|
|
|
|
552.0
|
552.5
|
0.5
|
<500 -
1500
|
|
|
|
|
|
552.5
|
553.0
|
0.5
|
<500 -
700
|
|
|
|
|
|
553.0
|
553.5
|
0.5
|
<500
|
|
|
|
|
|
562.0
|
562.5
|
0.5
|
<500
|
|
|
|
|
|
562.5
|
563.0
|
0.5
|
<500 -
600
|
|
|
|
|
|
563.0
|
563.5
|
0.5
|
<500
|
|
|
|
|
|
563.5
|
564.0
|
0.5
|
<500
|
|
RK-25-228
|
330
|
-75
|
609.0
|
117.1
|
493.0
|
493.5
|
0.5
|
<500
|
|
|
|
|
|
494.5
|
495.0
|
0.5
|
<500 -
800
|
|
|
|
|
|
495.5
|
496.0
|
0.5
|
<500
|
|
|
|
|
|
508.0
|
508.5
|
0.5
|
<500
|
|
|
|
|
|
537.5
|
538.0
|
0.5
|
<500 -
700
|
|
|
|
|
|
545.5
|
546.0
|
0.5
|
<500 -
3000
|
|
|
|
|
|
561.5
|
562.0
|
0.5
|
<500
|
|
|
|
|
|
562.0
|
562.5
|
0.5
|
<500
|
|
RK-25-229
|
350
|
-70
|
681.4
|
113.2
|
570.0
|
570.5
|
0.5
|
<500
|
|
|
|
|
|
570.5
|
571.0
|
0.5
|
<500
|
|
|
|
|
|
571.0
|
571.5
|
0.5
|
<500
|
|
|
|
|
|
573.5
|
574.0
|
0.5
|
<500
|
|
|
|
|
|
576.5
|
577.0
|
0.5
|
<500
|
|
|
|
|
|
578.0
|
578.5
|
0.5
|
<500
|
|
|
|
|
|
578.5
|
579.0
|
0.5
|
<500 -
700
|
|
|
|
|
|
582.0
|
582.5
|
0.5
|
<500 -
600
|
|
|
|
|
|
606.5
|
607.0
|
0.5
|
<500 -
30000
|
|
|
|
|
|
607.0
|
607.5
|
0.5
|
<500 -
19000
|
|
|
|
|
|
607.5
|
608.0
|
0.5
|
<500 -
3400
|
|
|
|
|
|
622.5
|
623.0
|
0.5
|
<500 -
2200
|
|
|
|
|
|
623.0
|
623.5
|
0.5
|
<500 -
1400
|
|
|
|
|
|
633.5
|
634.0
|
0.5
|
<500
|
|
|
|
|
|
636.5
|
637.0
|
0.5
|
<500 -
3700
|
|
RK-25-230
|
330
|
-70
|
598.0
|
112.5
|
441.5
|
442.0
|
0.5
|
<500-
6700
|
|
|
|
|
|
442.0
|
442.5
|
0.5
|
<500 -
1800
|
|
|
|
|
|
442.5
|
443.0
|
0.5
|
<500 -
640
|
|
|
|
|
|
443.0
|
443.5
|
0.5
|
<500 -
640
|
|
|
|
|
|
446.5
|
447.0
|
0.5
|
<500
|
|
|
|
|
|
447.0
|
447.5
|
0.5
|
<500 -
720
|
|
|
|
|
|
447.5
|
448.0
|
0.5
|
<500 -
1400
|
|
|
|
|
|
448.0
|
448.5
|
0.5
|
<500 -
1800
|
|
|
|
|
|
448.5
|
449.0
|
0.5
|
<500 -
620
|
|
|
|
|
|
475.0
|
475.5
|
0.5
|
<500
|
|
|
|
|
|
475.5
|
476.0
|
0.5
|
<500 -
1700
|
|
|
|
|
|
476.0
|
476.5
|
0.5
|
<500 -
1660
|
|
|
|
|
|
476.5
|
477.0
|
0.5
|
<500 -
580
|
|
|
|
|
|
477.0
|
477.5
|
0.5
|
<500 -
1050
|
|
|
|
|
|
477.5
|
478.0
|
0.5
|
<500 -
540
|
|
|
|
|
|
478.0
|
478.5
|
0.5
|
<500 -
1080
|
|
|
|
|
|
479.0
|
479.5
|
0.5
|
<500 -
710
|
|
|
|
|
|
479.5
|
480.0
|
0.5
|
<500
|
|
|
|
|
|
480.0
|
480.5
|
0.5
|
<500
|
|
|
|
|
|
480.5
|
481.0
|
0.5
|
<500
|
|
|
|
|
|
481.0
|
481.5
|
0.5
|
<500 -
860
|
|
|
|
|
|
481.5
|
482.0
|
0.5
|
<500 -
1820
|
|
|
|
|
|
482.0
|
482.5
|
0.5
|
<500 -
1100
|
|
|
|
|
|
482.5
|
483.0
|
0.5
|
<500 -
2700
|
|
|
|
|
|
483.0
|
483.5
|
0.5
|
<500 -
10000
|
|
|
|
|
|
483.5
|
484.0
|
0.5
|
<500 -
520
|
|
|
|
|
|
484.0
|
484.5
|
0.5
|
<500
|
|
|
|
|
|
484.5
|
485.0
|
0.5
|
<500 -
1360
|
|
|
|
|
|
485.0
|
485.5
|
0.5
|
<500 -
1350
|
|
|
|
|
|
485.5
|
486.0
|
0.5
|
680 - 3400
|
|
|
|
|
|
486.0
|
486.5
|
0.5
|
540 - 2500
|
|
|
|
|
|
486.5
|
487.0
|
0.5
|
<500
|
|
|
|
|
|
487.0
|
487.5
|
0.5
|
<500 -
4420
|
|
|
|
|
|
487.5
|
488.0
|
0.5
|
740 - 7800
|
|
|
|
|
|
488.0
|
488.5
|
0.5
|
<500 -
8000
|
|
|
|
|
|
488.5
|
489.0
|
0.5
|
<500 -
2300
|
|
|
|
|
|
489.0
|
489.5
|
0.5
|
730 - 1900
|
|
|
|
|
|
489.5
|
490.0
|
0.5
|
820 - 7550
|
|
|
|
|
|
490.0
|
490.5
|
0.5
|
<500 -
1250
|
|
|
|
|
|
490.5
|
491.0
|
0.5
|
<500
|
|
|
|
|
|
491.0
|
491.5
|
0.5
|
<500
|
|
|
|
|
|
491.5
|
492.0
|
0.5
|
<500
|
|
|
|
|
|
492.0
|
492.5
|
0.5
|
<500
|
|
|
|
|
|
492.5
|
493.0
|
0.5
|
<500 -
1140
|
|
|
|
|
|
493.0
|
493.2
|
0.2
|
>61000
|
|
|
|
|
|
493.2
|
493.4
|
0.2
|
8000 -
28000
|
|
|
|
|
|
493.4
|
493.5
|
0.1
|
>61000
|
|
|
|
|
|
493.5
|
494.0
|
0.5
|
<500 -
31000
|
|
|
|
|
|
494.0
|
494.5
|
0.5
|
<500 -
5100
|
|
|
|
|
|
494.5
|
495.0
|
0.5
|
<500 -
1160
|
|
|
|
|
|
495.0
|
495.5
|
0.5
|
2200 - 2200
|
|
|
|
|
|
495.5
|
496.0
|
0.5
|
<500 -
1650
|
|
|
|
|
|
496.0
|
496.5
|
0.5
|
<500 -
3700
|
|
|
|
|
|
496.5
|
497.0
|
0.5
|
1400 - 2600
|
|
|
|
|
|
497.0
|
497.5
|
0.5
|
<500 -
4500
|
|
|
|
|
|
497.5
|
497.7
|
0.2
|
540 - 1100
|
|
|
|
|
|
497.7
|
498.0
|
0.3
|
>61000
|
|
|
|
|
|
498.0
|
498.5
|
0.5
|
1200 -
44000
|
|
|
|
|
|
498.5
|
498.7
|
0.2
|
>61000
|
|
|
|
|
|
498.7
|
499.0
|
0.3
|
5200 -
24000
|
|
|
|
|
|
499.0
|
499.5
|
0.5
|
540 - 8000
|
|
|
|
|
|
499.5
|
500.0
|
0.5
|
<500 -
680
|
|
RK-25-231
|
329
|
-69.5
|
885.0
|
102.7
|
677.0
|
677.5
|
0.5
|
<500 -
920
|
|
|
|
|
|
683.0
|
683.5
|
0.5
|
<500
-1200
|
|
|
|
|
|
683.5
|
684.0
|
0.5
|
<500 -
1500
|
|
|
|
|
|
684.0
|
684.5
|
0.5
|
580 - 1000
|
|
|
|
|
|
685.0
|
685.5
|
0.5
|
<500
|
|
|
|
|
|
686.0
|
686.5
|
0.5
|
<500
|
|
|
|
|
|
686.5
|
687.0
|
0.5
|
<500 -
4000
|
|
|
|
|
|
687.0
|
687.5
|
0.5
|
<500
|
|
|
|
|
|
687.5
|
688.0
|
0.5
|
<500 -
6700
|
|
|
|
|
|
688.0
|
688.5
|
0.5
|
<500 -
20000
|
|
|
|
|
|
689.0
|
689.5
|
0.5
|
<500 -
6000
|
|
|
|
|
|
689.5
|
690.0
|
0.5
|
<500 -
1000
|
|
|
|
|
|
690.0
|
690.5
|
0.5
|
<500 -
2200
|
|
|
|
|
|
692.5
|
693.0
|
0.5
|
<500 -
3600
|
|
|
|
|
|
693.0
|
693.5
|
0.5
|
<500 -
4800
|
|
|
|
|
|
693.5
|
694.0
|
0.5
|
700 - 8100
|
|
|
|
|
|
694.0
|
694.5
|
0.5
|
4200 -
31000
|
|
|
|
|
|
694.5
|
695.0
|
0.5
|
<500 -
11000
|
|
|
|
|
|
695.0
|
695.5
|
0.5
|
2000 -
21000
|
|
|
|
|
|
695.5
|
696.0
|
0.5
|
2000 -
17000
|
|
|
|
|
|
696.0
|
696.5
|
0.5
|
1200 -
16000
|
|
|
|
|
|
696.5
|
697.0
|
0.5
|
1500 - 6600
|
|
|
|
|
|
697.0
|
697.5
|
0.5
|
600 -
20000
|
|
|
|
|
|
697.5
|
698.0
|
0.5
|
3100 -
11000
|
|
|
|
|
|
698.0
|
698.5
|
0.5
|
3400 -
20000
|
|
|
|
|
|
698.5
|
699.0
|
0.5
|
3700 -
12000
|
|
|
|
|
|
699.0
|
699.5
|
0.5
|
620 - 2400
|
|
|
|
|
|
699.5
|
700.0
|
0.5
|
<500
|
|
|
|
|
|
701.5
|
702.0
|
0.5
|
<500
|
|
|
|
|
|
704.0
|
704.5
|
0.5
|
<500
|
|
|
|
|
|
706.5
|
707.0
|
0.5
|
<500 -
16000
|
|
|
|
|
|
707.0
|
707.5
|
0.5
|
<500 -
900
|
|
|
|
|
|
707.5
|
708.0
|
0.5
|
<500 -
800
|
|
|
|
|
|
708.0
|
708.5
|
0.5
|
<500 -
8000
|
|
|
|
|
|
708.5
|
709.0
|
0.5
|
700 -
16000
|
|
|
|
|
|
709.0
|
709.5
|
0.5
|
<500 -
720
|
|
|
|
|
|
709.5
|
710.5
|
1.0
|
<500
|
|
|
|
|
|
711.5
|
712.5
|
1.0
|
<500
|
|
|
|
|
|
713.0
|
714.0
|
0.5
|
<500
|
|
|
|
|
|
716.0
|
716.5
|
0.5
|
<500 -
15000
|
|
|
|
|
|
716.5
|
717.0
|
0.5
|
<500 -
2800
|
|
|
|
|
|
725.5
|
726.0
|
0.5
|
<500 -
9500
|
|
|
|
|
|
729.5
|
730.0
|
0.5
|
<500 -
1100
|
|
|
|
|
|
731.5
|
732.0
|
0.5
|
<500-1300
|
|
|
|
|
|
732.0
|
732.5
|
0.5
|
< 300 -
2300
|
|
|
|
|
|
734.0
|
734.5
|
0.5
|
<500 -
2300
|
|
|
|
|
|
737.0
|
737.5
|
0.5
|
<500
|
|
RK-25-232
|
330
|
-70
|
501.0
|
112.5
|
395.0
|
395.5
|
0.5
|
<500 -
750
|
|
|
|
|
|
408.0
|
408.5
|
0.5
|
<500
|
|
|
|
|
|
408.5
|
409.0
|
0.5
|
<500 -
650
|
|
|
|
|
|
409.5
|
410.0
|
0.5
|
<500 -
900
|
|
|
|
|
|
411.5
|
412.0
|
0.5
|
<500 -
700
|
|
|
|
|
|
411.5
|
412.0
|
0.5
|
<500 -
1100
|
|
|
|
|
|
424.5
|
425.0
|
0.5
|
<500
|
|
|
|
|
|
426.5
|
428.0
|
1.5
|
<500
|
|
|
|
|
|
435.5
|
438.0
|
2.5
|
<500 -
660
|
|
|
|
|
|
444.5
|
445.5
|
1.0
|
<500 -
500
|
|
|
|
|
|
449.5
|
450.0
|
0.5
|
<500 -
650
|
|
|
|
|
|
450.5
|
451.0
|
0.5
|
<500
|
|
|
|
|
|
452.0
|
452.5
|
0.5
|
<500 -
1100
|
|
|
|
|
|
452.5
|
453.0
|
0.5
|
3200 - 9700
|
|
|
|
|
|
453.0
|
453.5
|
0.5
|
3100 - 7500
|
|
|
|
|
|
453.5
|
454.0
|
0.5
|
900 - 2500
|
|
|
|
|
|
454.5
|
455.0
|
0.5
|
700 - 2300
|
|
|
|
|
|
455.0
|
455.5
|
0.5
|
8300 -
24000
|
|
|
|
|
|
455.5
|
456.0
|
0.5
|
1100 - 2200
|
|
|
|
|
|
456.0
|
456.5
|
0.5
|
1100 - 4800
|
|
|
|
|
|
456.5
|
457.0
|
0.5
|
4400 -
10000
|
|
|
|
|
|
457.0
|
457.5
|
0.5
|
1100 -
17000
|
|
|
|
|
|
457.5
|
457.8
|
0.3
|
24000 -
54000
|
|
|
|
|
|
457.8
|
458.0
|
0.2
|
>61000
|
|
|
|
|
|
458.0
|
458.1
|
0.1
|
32000 -
45000
|
|
|
|
|
|
458.1
|
460.3
|
2.2
|
>61000
|
|
|
|
|
|
460.3
|
460.5
|
0.2
|
1500 - 3400
|
|
|
|
|
|
460.5
|
460.6
|
0.1
|
16000 -
54000
|
|
|
|
|
|
460.6
|
461.3
|
0.7
|
>61000
|
|
|
|
|
|
461.3
|
461.5
|
0.2
|
2500 -
20000
|
|
|
|
|
|
461.5
|
462.0
|
0.5
|
600 -1200
|
|
|
|
|
|
462.0
|
462.5
|
0.5
|
600 - 2700
|
|
|
|
|
|
462.5
|
463.0
|
0.5
|
1200 - 1400
|
|
|
|
|
|
463.0
|
463.5
|
0.5
|
6600 -
34000
|
|
|
|
|
|
463.5
|
463.6
|
0.1
|
16000 -
25000
|
|
|
|
|
|
463.6
|
463.8
|
0.2
|
1200 - 2200
|
|
|
|
|
|
463.8
|
464.1
|
0.3
|
>61000
|
|
|
|
|
|
464.1
|
464.3
|
0.2
|
25000 -
45000
|
|
|
|
|
|
464.3
|
464.8
|
0.5
|
>61000
|
|
|
|
|
|
464.8
|
465.0
|
0.2
|
900 - 1200
|
|
|
|
|
|
465.0
|
465.3
|
0.3
|
1500 - 2500
|
|
|
|
|
|
465.3
|
465.5
|
0.2
|
14000 -
45000
|
|
|
|
|
|
465.5
|
466.0
|
0.5
|
<500 -
1100
|
|
|
|
|
|
466.0
|
466.5
|
0.5
|
<500 -
800
|
|
|
|
|
|
466.5
|
467.0
|
0.5
|
<500 -
5500
|
|
|
|
|
|
467.0
|
467.5
|
0.5
|
<500
|
|
|
|
|
|
467.5
|
468.0
|
0.5
|
<500 -
650
|
|
|
|
|
|
468.0
|
468.5
|
0.5
|
<500
|
|
|
|
|
|
468.5
|
469.0
|
0.5
|
<500
|
|
|
|
|
|
469.0
|
469.5
|
0.5
|
<500
|
|
|
|
|
|
469.5
|
470.0
|
0.5
|
<500
|
|
|
|
|
|
470.0
|
470.5
|
0.5
|
<500
|
|
|
|
|
|
470.5
|
471.0
|
0.5
|
<500
|
|
|
|
|
|
471.0
|
471.5
|
0.5
|
<500
|
|
|
|
|
|
471.5
|
472.0
|
0.5
|
<500
|
|
|
|
|
|
472.5
|
473.0
|
0.5
|
<500
|
|
|
|
|
|
480.0
|
480.5
|
0.5
|
<500
|
|
|
|
|
|
481.5
|
482.0
|
0.5
|
<500
|
|
|
|
|
|
482.0
|
482.5
|
0.5
|
<500 -
610
|
|
|
|
|
|
482.5
|
483.0
|
0.5
|
<500
|
|
|
|
|
|
483.5
|
484.0
|
0.5
|
<500 -
520
|
|
|
|
|
|
484.0
|
484.5
|
0.5
|
<500
|
|
|
|
|
|
484.5
|
485.0
|
0.5
|
1100 - 1100
|
|
|
|
|
|
485.0
|
485.5
|
0.5
|
<500
|
|
|
|
|
|
485.5
|
486.0
|
0.5
|
<500 -
1400
|
|
|
|
|
|
486.0
|
486.5
|
0.5
|
<500 -
600
|
|
|
|
|
|
486.5
|
487.0
|
0.5
|
<500
|
|
|
|
|
|
491.0
|
491.5
|
0.5
|
<500
|
|
|
|
|
|
491.5
|
492.0
|
0.5
|
<500
|
|
|
|
|
|
495.5
|
496.0
|
0.5
|
<500 -
3400
|
|
|
|
|
|
496.0
|
496.5
|
0.5
|
<500 -
750
|
|
|
|
|
|
496.5
|
497.0
|
0.5
|
<500 -
700
|
|
|
|
|
|
499.0
|
499.5
|
0.5
|
<500
|
|
|
|
|
|
499.5
|
500.0
|
0.5
|
<500 -
1200
|
|
|
|
|
|
500.0
|
500.5
|
0.5
|
<500 -
1200
|
|
|
|
|
|
500.5
|
501.0
|
0.5
|
<500
|
|
|
|
|
|
502.0
|
502.5
|
0.5
|
<500 -
800
|
|
|
|
|
|
502.5
|
503.0
|
0.5
|
900 - 900
|
|
|
|
|
|
503.0
|
503.5
|
0.5
|
<500 -
650
|
|
|
|
|
|
505.0
|
505.5
|
0.5
|
<500
|
|
|
|
|
|
509.5
|
510.0
|
0.5
|
<500
|
|
|
|
|
|
510.0
|
510.5
|
0.5
|
<500
|
|
|
|
|
|
515.5
|
516.0
|
0.5
|
<500
|
|
|
|
|
|
516.0
|
516.5
|
0.5
|
<500
|
|
RK-25-233
|
330
|
-70
|
694.0
|
109.7
|
561.0
|
561.5
|
0.5
|
<500 -
600
|
|
|
|
|
|
561.5
|
562.0
|
0.5
|
<500
|
|
|
|
|
|
562.0
|
563.5
|
1.5
|
<500
|
|
|
|
|
|
563.5
|
564.0
|
0.5
|
<500 -
650
|
|
|
|
|
|
564.0
|
565.0
|
1.0
|
<500
|
|
|
|
|
|
565.0
|
565.5
|
0.5
|
<500 -
700
|
|
|
|
|
|
565.5
|
566.0
|
0.5
|
<500
|
|
|
|
|
|
566.0
|
566.5
|
0.5
|
<500 -
600
|
|
|
|
|
|
566.5
|
567.0
|
0.5
|
<500
|
|
|
|
|
|
567.0
|
567.5
|
0.5
|
<500 -
600
|
|
|
|
|
|
567.5
|
569.5
|
2.0
|
<500
|
|
|
|
|
|
570.0
|
571.0
|
1.0
|
<500
|
|
|
|
|
|
571.0
|
571.5
|
0.5
|
<500 -
600
|
|
|
|
|
|
571.5
|
572.0
|
0.5
|
<500
|
|
|
|
|
|
575.0
|
575.5
|
0.5
|
<500
|
|
|
|
|
|
576.0
|
576.5
|
0.5
|
<500 -
1000
|
|
|
|
|
|
576.5
|
577.0
|
0.5
|
<500 -
600
|
|
|
|
|
|
577.0
|
577.5
|
0.5
|
600 - 1200
|
|
|
|
|
|
577.5
|
578.0
|
0.5
|
<500 -
1100
|
|
|
|
|
|
578.0
|
578.4
|
0.4
|
1000 - 8500
|
|
|
|
|
|
578.4
|
578.8
|
0.4
|
>61000
|
|
|
|
|
|
578.8
|
579.0
|
0.2
|
600 - 1000
|
|
|
|
|
|
579.0
|
579.5
|
0.5
|
2500 -
11000
|
|
|
|
|
|
579.5
|
580.0
|
0.5
|
2000 - 8000
|
|
|
|
|
|
580.0
|
580.5
|
0.5
|
800 -
15000
|
|
|
|
|
|
580.5
|
581.0
|
0.5
|
500 - 650
|
|
|
|
|
|
581.0
|
581.5
|
0.5
|
<500 -
600
|
|
|
|
|
|
581.5
|
582.0
|
0.5
|
<500
|
|
|
|
|
|
582.5
|
584.0
|
1.5
|
<500
|
|
|
|
|
|
584.0
|
584.5
|
0.5
|
<500 -
4000
|
|
|
|
|
|
584.5
|
585.0
|
0.5
|
1000 - 4300
|
|
|
|
|
|
585.0
|
585.5
|
0.5
|
2000 - 7000
|
|
|
|
|
|
585.5
|
586.0
|
0.5
|
1500 - 8500
|
|
|
|
|
|
586.0
|
586.5
|
0.5
|
2000 - 6000
|
|
|
|
|
|
586.5
|
587.0
|
0.5
|
20000 -
45000
|
|
|
|
|
|
587.0
|
587.5
|
0.5
|
20000 -
40000
|
|
|
|
|
|
587.5
|
588.0
|
0.5
|
1000 -
17000
|
|
|
|
|
|
588.0
|
588.5
|
0.5
|
500 - 1200
|
|
|
|
|
|
588.5
|
589.0
|
0.5
|
<500 -
650
|
|
|
|
|
|
589.0
|
589.5
|
0.5
|
700 - 2400
|
|
|
|
|
|
589.5
|
591.0
|
1.5
|
<500
|
|
|
|
|
|
591.0
|
591.5
|
0.5
|
<500 -
1000
|
|
|
|
|
|
591.5
|
592.5
|
1.0
|
<500
|
|
|
|
|
|
592.5
|
593.0
|
0.5
|
<500 -
650
|
|
|
|
|
|
593.0
|
593.5
|
0.5
|
<500
|
|
|
|
|
|
593.5
|
594.0
|
0.5
|
<500 -
600
|
|
|
|
|
|
594.0
|
594.5
|
0.5
|
<500 -
1200
|
|
|
|
|
|
594.5
|
595.0
|
0.5
|
1200 - 2400
|
|
|
|
|
|
595.0
|
595.5
|
0.5
|
500 - 700
|
|
|
|
|
|
603.0
|
603.5
|
0.5
|
<500
|
|
|
|
|
|
603.5
|
604.0
|
0.5
|
<500 -
4500
|
|
|
|
|
|
604.0
|
604.5
|
0.5
|
10000 -
30000
|
|
|
|
|
|
604.5
|
605.0
|
0.5
|
6000 -
13000
|
|
|
|
|
|
605.0
|
605.5
|
0.5
|
700 - 1000
|
|
|
|
|
|
605.5
|
606.0
|
0.5
|
500 - 1300
|
|
|
|
|
|
606.0
|
606.5
|
0.5
|
500 - 1400
|
|
|
|
|
|
606.5
|
607.0
|
0.5
|
<500
|
|
|
|
|
|
607.0
|
607.5
|
0.5
|
500 - 1500
|
|
|
|
|
|
607.5
|
608.0
|
0.5
|
<500 -
1300
|
|
|
|
|
|
608.0
|
609.0
|
1.0
|
<500
|
|
|
|
|
|
609.0
|
609.5
|
0.5
|
<500
|
|
|
|
|
|
624.5
|
625.0
|
0.5
|
<500 -
600
|
|
|
|
|
|
625.0
|
625.5
|
0.5
|
<500 -
1100
|
|
|
|
|
|
625.5
|
626.0
|
0.5
|
<500 -
550
|
|
|
|
|
|
629.5
|
630.0
|
0.5
|
<500
|
|
|
|
|
|
630.0
|
630.5
|
0.5
|
<500 -
750
|
|
|
|
|
|
633.5
|
634.0
|
0.5
|
<500
|
|
|
|
|
|
634.0
|
634.5
|
0.5
|
<500 -
550
|
|
|
|
|
|
634.5
|
635.0
|
0.5
|
<500 -
900
|
|
|
|
|
|
635.0
|
635.5
|
0.5
|
<500 -
1100
|
|
|
|
|
|
635.5
|
636.0
|
0.5
|
2500 - 5000
|
|
RK-25-234
|
330
|
-70
|
747.0
|
113.0
|
668.0
|
668.5
|
0.5
|
<500
|
|
|
|
|
|
672.0
|
672.5
|
0.5
|
<500 -
1200
|
|
|
|
|
|
672.5
|
673.0
|
0.5
|
<500 -
630
|
|
|
|
|
|
675.0
|
675.5
|
0.5
|
<500
-520
|
|
|
|
|
|
675.5
|
676.0
|
0.5
|
<500
|
|
|
|
|
|
677.0
|
677.5
|
0.5
|
<500 -
520
|
|
|
|
|
|
677.5
|
678.0
|
0.5
|
<500
|
|
|
|
|
|
679.5
|
680.0
|
0.5
|
<500
|
|
|
|
|
|
682.0
|
682.5
|
0.5
|
<500
|
|
|
|
|
|
685.0
|
685.5
|
0.5
|
<500
|
|
|
|
|
|
687.0
|
687.5
|
0.5
|
<500 -
9000
|
|
|
|
|
|
687.5
|
687.7
|
0.2
|
2000 -
14000
|
|
|
|
|
|
687.7
|
687.8
|
0.1
|
>61000
|
|
|
|
|
|
687.8
|
688.0
|
0.2
|
550 - 3300
|
|
|
|
|
|
688.0
|
688.5
|
0.5
|
<500 -
8800
|
|
RK-25-235
|
270
|
-70
|
TBD
|
105.5
|
In Progress
|
|
RK-25-236
|
267
|
-65
|
541.0
|
129.0
|
377.5
|
379.0
|
1.5
|
<500
|
|
|
|
|
|
379.0
|
379.5
|
0.5
|
<500 -
600
|
|
|
|
|
|
379.5
|
380.0
|
0.5
|
<500 -
1100
|
|
|
|
|
|
380.0
|
380.5
|
0.5
|
<500
|
|
|
|
|
|
380.5
|
381.0
|
0.5
|
870 - 3400
|
|
|
|
|
|
381.0
|
381.5
|
0.5
|
1300 - 4400
|
|
|
|
|
|
381.5
|
382.0
|
0.5
|
<500 -
1450
|
|
|
|
|
|
382.0
|
382.5
|
0.5
|
<500
|
|
|
|
|
|
393.0
|
394.0
|
1.0
|
<500
|
|
|
|
|
|
395.0
|
396.0
|
1.0
|
<500
|
|
|
|
|
|
396.0
|
396.5
|
0.5
|
<500 -
1000
|
|
|
|
|
|
396.5
|
397.0
|
0.5
|
600 - 1050
|
|
|
|
|
|
397.0
|
397.5
|
0.5
|
550 - 1180
|
|
|
|
|
|
400.5
|
401.0
|
0.5
|
<500
|
|
|
|
|
|
401.0
|
401.5
|
0.5
|
560 - 980
|
|
|
|
|
|
401.5
|
402.0
|
0.5
|
2300 -
25000
|
|
|
|
|
|
402.0
|
402.5
|
0.5
|
850 - 1130
|
|
|
|
|
|
402.5
|
403.0
|
0.5
|
<500 -
2250
|
|
|
|
|
|
404.0
|
404.5
|
0.5
|
<500
|
|
|
|
|
|
411.0
|
414.0
|
3.0
|
<500
|
|
|
|
|
|
414.5
|
415.0
|
0.5
|
<500
|
|
|
|
|
|
427.5
|
428.0
|
0.5
|
<500 -
570
|
|
|
|
|
|
428.0
|
428.5
|
0.5
|
<500 -
600
|
|
|
|
|
|
457.5
|
458.0
|
0.5
|
<500 -
525
|
|
|
|
|
|
458.0
|
458.5
|
0.5
|
<500 -
720
|
|
|
|
|
|
458.5
|
459.0
|
0.5
|
<500 -
530
|
|
|
|
|
|
459.0
|
459.5
|
0.5
|
<500 -
600
|
|
|
|
|
|
459.5
|
460.0
|
0.5
|
<500
|
|
|
|
|
|
460.0
|
460.5
|
0.5
|
<500 -
550
|
|
|
|
|
|
461.5
|
462.0
|
0.5
|
<500
|
|
|
|
|
|
464.0
|
465.0
|
1.0
|
<500
|
|
|
|
|
|
465.0
|
465.5
|
0.5
|
<500 -
3000
|
|
|
|
|
|
465.5
|
466.0
|
0.5
|
<500
-980
|
|
|
|
|
|
466.0
|
466.5
|
0.5
|
900 -
11000
|
|
|
|
|
|
466.5
|
467.0
|
0.5
|
1000 - 5500
|
|
|
|
|
|
467.0
|
467.5
|
0.5
|
3000 -
16000
|
|
|
|
|
|
467.5
|
467.8
|
0.3
|
1300 -
57000
|
|
|
|
|
|
467.8
|
468.1
|
0.3
|
>61000
|
|
|
|
|
|
468.1
|
468.5
|
0.4
|
7000 -
40000
|
|
|
|
|
|
468.5
|
469.0
|
0.5
|
1500 - 9000
|
|
|
|
|
|
469.0
|
469.5
|
0.5
|
2000 -
11000
|
|
|
|
|
|
469.5
|
470.0
|
0.5
|
500 - 800
|
|
|
|
|
|
470.0
|
470.5
|
0.5
|
<500 -
550
|
|
|
|
|
|
475.5
|
477.5
|
2.0
|
<500
|
|
|
|
|
|
477.5
|
478.0
|
0.5
|
<500 -
860
|
|
|
|
|
|
478.0
|
478.5
|
0.5
|
<500
|
|
|
|
|
|
478.5
|
479.0
|
0.5
|
<500 -
950
|
|
|
|
|
|
516.5
|
517.0
|
0.5
|
<500
|
|
RK-25-237
|
340
|
-70
|
TBD
|
104.6
|
In progress
|
|
RK-25-238
|
279
|
-67
|
TBD
|
TBD
|
In progress
|
- All depths and intervals are meters downhole, true
thicknesses are yet to be determined.
- "Off-scale" refers to >61,000 cps total readings by
gamma spectrometer type RS-125.
- "Anomalous" means >500 cps (counts per second) total
count gamma readings by gamma scintillometer type RS-120.
- Where "CPS Range" is <500 cps, this refers to local
low radiometric zones within the overall radioactive
interval.
- Unconformity of 'N/A' denotes a lack of visible contact
between Athabasca sandstone and basement rock.
- Maximum internal dilution 2.0 m downhole.
- All depths and intervals are metres downhole, true
thicknesses are yet to be determined. Resource modelling in
conjunction with an updated mineral resource estimate is required
before true thicknesses can be determined.
About NexGen
NexGen Energy is a Canadian company focused on delivering clean
energy fuel for the future. The Company's flagship Rook I Project
is being optimally developed into the largest low-cost producing
uranium mine globally, incorporating the most elite environmental
and social governance standards. The Rook I Project is supported by
an N.I. 43-101 compliant Feasibility Study, which outlines the
elite environmental performance and industry-leading
economics. NexGen is led by a team of experienced uranium and
mining industry professionals with expertise across the entire
mining life cycle, including exploration, financing, project
engineering and construction, operations and closure. NexGen
is leveraging its proven experience to deliver a Project that leads
the entire mining industry socially, technically and
environmentally. The Project and prospective portfolio in northern
Saskatchewan will provide
generational, long-term economic, environmental, and social
benefits for Saskatchewan, Canada,
and the world.
NexGen is listed on the Toronto Stock Exchange, the New York
Stock Exchange under the ticker symbol "NXE," and on the Australian
Securities Exchange under the ticker symbol "NXG," providing access
to global investors to participate in NexGen's mission of solving
three major global challenges in decarbonization, energy security
and access to power. The Company is headquartered in
Vancouver, British Columbia, with
its primary operations office in Saskatoon, Saskatchewan.
Technical Disclosure*
All technical information in this news release has been
reviewed and approved by Jason Craven, NexGen's Vice
President, Exploration, a qualified person under National
Instrument 43-101.
Natural gamma radiation in drill core reported in this news
release was measured in counts per second (cps) using a Radiation
Solutions Inc. RS-125 gamma spectrometer. The reader is cautioned
that total count gamma readings may not be directly or uniformly
related to uranium grades of the rock sample measured; they should
be used only as a preliminary indication of the presence of
radioactive minerals.
A technical report in respect of the FS is filed on SEDAR
( www.sedar.com ) and EDGAR
(www.sec.gov/edgar.shtml ) and is available for review on
NexGen Energy's website (www.nexgenenergy.ca ).
Cautionary Note to U.S. Investors
This news release includes Mineral Reserves and Mineral
Resources classification terms that comply with reporting standards
in Canada and the Mineral Reserves and the Mineral
Resources estimates are made in accordance with NI 43-101. NI
43-101 is a rule developed by the Canadian Securities
Administrators that establishes standards for all public disclosure
an issuer makes of scientific and technical information concerning
mineral projects. These standards differ from the requirements of
the Securities and Exchange Commission ("SEC") set by the SEC's
rules that are applicable to domestic United
States reporting companies. Consequently, Mineral
Reserves and Mineral Resources information included in this news
release is not comparable to similar information that would
generally be disclosed by domestic U.S. reporting companies subject
to the reporting and disclosure requirements of the SEC
Accordingly, information concerning mineral deposits set forth
herein may not be comparable with information made public by
companies that report in accordance with U.S. standards.
Forward-Looking Information
The information contained herein contains "forward-looking
statements" within the meaning of applicable United
States securities laws and regulations and "forward-looking
information" within the meaning of applicable Canadian securities
legislation. "Forward-looking information" includes, but is not
limited to, statements with respect to mineral reserve and mineral
resource estimates, the 2021 Arrow Deposit, Rook I Project and
estimates of uranium production, grade and long-term average
uranium prices, anticipated effects of completed drill results on
the Rook I Project, planned work programs, completion of further
site investigations and engineering work to support basic
engineering of the project and expected outcomes. Generally, but
not always, forward-looking information and statements can be
identified by the use of words such as "plans", "expects", "is
expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates", or "believes" or the negative connotation
thereof or variations of such words and phrases or state that
certain actions, events or results "may", "could", "would", "might"
or "will be taken", "occur" or "be achieved" or the negative
connotation thereof. Statements relating to "mineral
resources" are deemed to be forward-looking information, as they
involve the implied assessment that, based on certain estimates and
assumptions, the mineral resources described can be profitably
produced in the future.
Forward-looking information and statements are based on the
then current expectations, beliefs, assumptions, estimates and
forecasts about NexGen's business and the industry and markets in
which it operates. Forward-looking information and statements are
made based upon numerous assumptions, including among others, that
the mineral reserve and resources estimates and the key assumptions
and parameters on which such estimates are based are as set out in
this news release and the technical report for the property , the
results of planned exploration activities are as anticipated, the
price and market supply of uranium, the cost of planned exploration
activities, that financing will be available if and when needed and
on reasonable terms, that third party contractors, equipment,
supplies and governmental and other approvals required to conduct
NexGen's planned exploration activities will be available on
reasonable terms and in a timely manner and that general business
and economic conditions will not change in a material adverse
manner. Although the assumptions made by the Company in providing
forward looking information or making forward looking statements
are considered reasonable by management at the time, there can be
no assurance that such assumptions will prove to be accurate in the
future.
Forward-looking information and statements also involve known
and unknown risks and uncertainties and other factors, which may
cause actual results, performances and achievements of NexGen to
differ materially from any projections of results, performances and
achievements of NexGen expressed or implied by such forward-looking
information or statements, including, among others, the existence
of negative operating cash flow and dependence on third party
financing, uncertainty of the availability of additional financing,
the risk that pending assay results will not confirm previously
announced preliminary results, conclusions of economic valuations,
the risk that actual results of exploration activities will be
different than anticipated, the cost of labour, equipment or
materials will increase more than expected, that the future price
of uranium will decline or otherwise not rise to an economic level,
the appeal of alternate sources of energy to uranium-produced
energy, that the Canadian dollar will strengthen against the U.S.
dollar, that mineral resources and reserves are not as estimated,
that actual costs or actual results of reclamation activities are
greater than expected, that changes in project parameters and plans
continue to be refined and may result in increased costs, of
unexpected variations in mineral resources and reserves, grade or
recovery rates or other risks generally associated with mining,
unanticipated delays in obtaining governmental, regulatory or First
Nations approvals, risks related to First Nations title and
consultation, reliance upon key management and other personnel,
deficiencies in the Company's title to its properties, uninsurable
risks, failure to manage conflicts of interest, failure to obtain
or maintain required permits and licences, risks related to changes
in laws, regulations, policy and public perception, as well as
those factors or other risks as more fully described in NexGen's
Annual Information Form dated March 6,
2024 filed with the securities commissions of all of the
provinces of Canada except Quebec and in
NexGen's 40-F filed with the United States Securities and Exchange
Commission, which are available on SEDAR
at www.sedar.com and Edgar
at www.sec.gov .
Although the Company has attempted to identify important
factors that could cause actual results to differ materially from
those contained in the forward-looking information or statements or
implied by forward-looking information or statements, there may be
other factors that cause results not to be as anticipated,
estimated or intended. Readers are cautioned not to place
undue reliance on forward-looking information or statements due to
the inherent uncertainty thereof.
There can be no assurance that forward-looking information
and statements will prove to be accurate, as actual results and
future events could differ materially from those anticipated,
estimated or intended. Accordingly, readers should not place undue
reliance on forward-looking statements or information. The Company
undertakes no obligation to update or reissue forward-looking
information as a result of new information or events except as
required by applicable securities laws.
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SOURCE NexGen Energy Ltd.
