NexGen (T.NXE) has significant land positions in both the historic eastside and the emerging southwest side of the Athabasca Basin in Saskatchewan, Canada. NexGen holds over 259,000 hectares of land in the southwest part of the Athabasca Basin. The Company’s 100%-owned Rook I project hosts the land based Arrow deposit which has an Indicated mineral resource estimate of 179.5Mlbs U3O8 contained within 1.18Mt grading 6.88% U3O8 including a high-grade core of 164.9Mlbs U3O8 contained within 0.40Mt grading 18.84% U3O8 and an Inferred mineral resource estimate of 122.1Mlbs U3O8 contained within 4.25Mt grading 1.30% U3O8. The deposit was based on only 200 drill holes and the Arrow deposit has a defined area of mineralization of 875 m x 280 m, depth starting at 100 m down to 980 m and remains open in most directions and at depth.
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NexGen Announces Resignation of Chief Financial Officer
NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX: NXE, NYSE MKT: NXE) announces that Bruce Sprague has tendered his resignation as Chief Financial Officer effective November 29, 2019. Leigh Curyer, Chief Executive Officer, the Board and all whom worked with Bruce at NexGen would like to thank him for his contributions and efforts. Bruce joined NexGen in November 2017 from Ernst & Young. Over the course of the last two years Bruce has supported NexGen in its transition. He played a significant role in progressing the Government Relations and Sustainability strategies as the Company is advancing final feasibility and permitting.
We wish him all the best and support with his future endeavors.
The Company has commenced a formal search for a new Chief Financial Officer.
In the interim, Travis McPherson, Vice President – Corporate Development and Investor Relations, and Rheal Assie, Financial Controller will assume the Chief Financial Officer duties.
About NexGen
NexGen is a British Columbia corporation with a focus on the acquisition, exploration and development of Canadian uranium projects. NexGen has a highly experienced team of uranium industry professionals with a successful track record in the discovery of uranium deposits and in developing projects through discovery to production.
NexGen owns a portfolio of prospective uranium exploration assets in the Athabasca Basin, Saskatchewan, Canada; including a 100% interest in Rook I, location of the Arrow Deposit discovered in February 2014, the Bow discovery in March 2015, the Harpoon discovery in August 2016 and the Arrow South discovery in July 2017. NexGen is the recipient of the PDAC’s 2018 Bill Dennis Award and the 2019 Environmental and Social Responsibility Award.
Forward-Looking Information
The information contained herein contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 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 the activities, events or developments that the Company expects or anticipates will or may occur in the future. 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.
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 proposed transaction will be completed, the results of planned exploration activities are as anticipated, the price 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.
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, 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, imprecision of mineral resource estimates, the appeal of alternate sources of energy and sustained low uranium prices, aboriginal title and consultation issues, exploration risks, 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 licenses, changes in laws, regulations and policy, competition for resources and financing, and other factors discussed or referred to in the Company’s Annual Information Form dated March 4, 2019 under “Risk Factors”.
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 implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.
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.
SOURCE NexGen Energy Ltd.
For further information: Leigh Curyer, Chief Executive Officer, NexGen Energy Ltd., +1 604 428 4112, lcuryer@nexgenenergy.ca, www.nexgenenergy.ca; Travis McPherson, Vice President Corporate Development, NexGen Energy Ltd., +1 604 428 4112, tmcpherson@nexgenenergy.ca, http://www.nexgenenergy.ca
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NexGen Commences Maiden Exploration Drilling on Prospective SW1 Property
NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX: NXE, NYSE MKT: NXE) is pleased to announce that an exploration drill program consisting of a minimum 4,000 m is scheduled to begin in early September at our 100% owned, SW1 property (approximately 10 km northwest of Rook I), in the Athabasca Basin, Saskatchewan.
SW1 Overview
Since the acquisition by NexGen of the SW1 property (the “Property”) in 2012, NexGen has systematically developed the property through testing with numerous studies and geophysical surveys. The resulting geophysical signature on the Property, particularly the Gartner Lake Corridor (“GLC”), displays strong similarities to the Rook I property (Figure 1) which hosts Arrow, Canada’s largest to-be developed uranium deposit currently in the Environmental Assessment process. Those similar characteristics include a strong conductive signature with numerous off-sets coincident with discrete gravity lows and steep magnetic gradients (Figure 2, Figure 3). Analysis of historic drilling has also revealed prospective structure and alteration that coincides with highly-favourable geophysical properties for potential uranium mineralization.
Geophysical History
The Property is situated on the western limb of a regional fold structure with the Patterson Lake Uranium Corridor and the Arrow Deposit situated on the eastern limb (Figure 1). Historical drill core from the Property show that the area contains similar host rocks as the Arrow Deposit. Given this geological affiliation, NexGen commissioned the same airborne geophysical techniques that led to the discovery of the Arrow Deposit in February 2014. A VTEM survey defined several discrete and disjointed conductive corridors on the Property, similar to what was seen at Arrow. Follow-up ZTEM surveys were conducted in conjunction with HeliFalcon gravity gradiometry surveys over the entire Property. These surveys defined additional corridors and numerous gravity anomalies, several of which are coincident with the dislocation of the conductors (Figure 4), similar to the Arrow Deposit (Figure 4). The development of the Property has led to high-confidence targets that are prime for focused exploration through drilling.
Drill Program
Exploration drilling with a minimum of 4,000 m, utilizing 2 drill rigs, will commence imminently on the Property. The program is designed to test the highest-priority anomalies, analogous to those at the Arrow Deposit, for uranium mineralization that has been highlighted by geophysical surveys and the analysis of historic drilling.
Leigh Curyer, Chief Executive Officer, commented: “We look forward to the SW1 maiden drill program commencing after completing an extensive geophysical analysis of the area over the past 5 years. NexGen’s portfolio is host to Arrow and an extensive list of high priority targets generated through the team’s extensive use of multiple geophysical surveys and objective approach to exploration. The SW1 program is being led by a sub exploration team as results from the 2019 Phase I Arrow drilling programs are analyzed and incorporated into the Feasibility Study and Environmental Assessment studies.”
Troy Boisjoli, Vice-President, Operations and Project Development, commented: “The 2019 SW1 exploration drill program is the culmination of extensive detailed work by the NexGen team for the development of the SW1 property – a methodical build of focused work and high-level interpretation that is akin the strategy that led to the discovery of the Arrow Deposit in February 2014. We are looking forward to the opportunity to drill test targets with analogous geophysical signatures to Arrow and excited about this next stage of exploration on the SW1 property.”
About NexGen
NexGen is a British Columbia corporation with a focus on the acquisition, exploration and development of Canadian uranium projects. NexGen has a highly experienced team of uranium industry professionals with a successful track record in the discovery of uranium deposits and in developing projects through discovery to production.
NexGen owns a portfolio of prospective uranium exploration assets in the Athabasca Basin, Saskatchewan, Canada; including a 100% interest in Rook I, location of the Arrow Deposit discovered in February 2014. NexGen is the recipient of the PDAC’s 2018 Bill Dennis Award and the 2019 Environmental and Social Responsibility Award.
Technical Disclosure
The technical information in this news release with respect to the PFS has been reviewed and approved by Paul O’Hara, P.Eng. of Wood., David Robson, P.Eng., M.B.A., and Jason Cox, P.Eng. of RPA, each of whom is a “qualified person” under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI-43-101“).
The Mineral Resource Estimate was completed by Mr. Mark Mathisen, C.P.G., Senior Geologist at RPA and Mr. David Ross, P.Geo., Director of Resource Estimation and Principal Geologist at RPA. Both are independent Qualified Persons in accordance with the requirements of National Instrument (NI) 43-101 and they have approved the disclosure herein. All other technical information in this news release has been approved by Mr. Troy Boisjoli, Geoscientist Licensee, Vice President – Operations & Project Development for NexGen. Mr. Boisjoli is a qualified person for the purposes of NI 43-101 and has verified the sampling, analytical, and test data underlying the information or opinions contained herein by reviewing original data certificates and monitoring all of the data collection protocols. All other technical information in this news release has been approved by Mr. James Hatley, a Professional Engineer, Senior Vice-President – Project Development for NexGen. Mr. Hatley is a qualified person for the purposes of NI 43-101 and has reviewed the underlying the information or opinions contained herein on mine design.
A technical report in respect to the PFS 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).
SEC Standards
Estimates of mineralization and other technical information included or referenced in this news release have been prepared in accordance with NI 43-101. The definitions of proven and probable mineral reserves used in NI 43-101 differ from the definitions in SEC Industry Guide 7. Under SEC Industry Guide 7 standards, a “final” or “bankable” feasibility study is required to report reserves, the three-year historical average price is used in any reserve or cash flow analysis to designate reserves and the primary environmental analysis or report must be filed with the appropriate governmental authority. As a result, the reserves reported by the Company in accordance with NI 43-101 may not qualify as “reserves” under SEC standards. In addition, the terms “mineral resource”, “measured mineral resource”, “indicated mineral resource” and “inferred mineral resource” are defined in and required to be disclosed by NI 43-101; however, these terms are not defined terms under SEC Industry Guide 7 and normally are not permitted to be used in reports and registration statements filed with the SEC. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into reserves. “Inferred mineral resources” have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian securities laws, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. Additionally, disclosure of “contained pounds” in a resource is permitted disclosure under Canadian securities laws; however, the SEC normally only permits issuers to report mineralization that does not constitute “reserves” by SEC standards as in place tonnage and grade without reference to unit measurements. Accordingly, information contained or referenced in this news release containing descriptions of the Company’s mineral deposits may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements of United States federal securities laws and the rules and regulations thereunder.
Technical Information
For details of the Rook I Project including the quality assurance program and quality control measures applied and key assumptions, parameters and methods used to estimate the Mineral Resource please refer to the technical report entitled “Arrow Deposit, Rook I Project Saskatchewan NI 43-101 Technical Report on Pre-feasbility Study” dated effective 5 November, 2018 (the “Rook 1 Technical Report”) prepared by Paul O’Hara, P.Eng., Jason J. Cox, P.Eng., David M. Robson, P.Eng., M.B.A., Mark B. Mathisen, C.P.G. each of whom is a “qualified person” under NI 43-101. The Rook I Technical Report is available for review under the Company’s profile on SEDAR at www.sedar.com and EDGAR (www.sec.gov/edgar.shtml) providing details of the Rook I Project including the quality assurance program and quality control measures applied and key assumptions, parameters and methods used to estimate the Mineral Resource and is available on NexGen Energy’s website (www.nexgenenergy.ca).
Forward-Looking Information
The information contained herein contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 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 the activities, events or developments that the Company expects or anticipates will or may occur in the future. 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.
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 proposed transaction will be completed, the results of planned exploration activities are as anticipated, the price 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.
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, 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, imprecision of mineral resource estimates, the appeal of alternate sources of energy and sustained low uranium prices, aboriginal title and consultation issues, exploration risks, 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 licenses, changes in laws, regulations and policy, competition for resources and financing, and other factors discussed or referred to in the Company’s Annual Information Form dated March 4, 2019 under “Risk Factors”.
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 implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.
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.
SOURCE NexGen Energy Ltd.
For further information: Contact Information: Leigh Curyer, Chief Executive Officer, NexGen Energy Ltd., +1 604 428 4112, lcuryer@nexgenenergy.ca, www.nexgenenergy.ca; Travis McPherson, Vice President Corporate Development, NexGen Energy Ltd., +1 604 428 4112, tmcpherson@nexgenenergy.ca, http://www.nexgenenergy.ca
NexGen Completes Phase I of Feasibility-Stage Drill Program Intersecting High Grade Mineralization and Preliminarily Assessed Robust Geotechnical and Hydrogeological Conditions in all Areas of Arrow
NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX: NXE, NYSE MKT: NXE) is pleased to report radioactivity results for an additional thirty-seven holes comprising 16,585.5 m from the Company’s Feasibility-stage drilling program at our 100% owned, Rook I property in the Athabasca Basin Saskatchewan. The Phase I resource component of the 2019 Feasibility stage program has completed 117 holes totaling 50,968 m. Utilizing new directional drilling technology, AziDrill, the Company was able to reduce the metres required for Phase I conversion by 28% due to the ability to target mineralization more accurately with deeper directional cuts from the pilot hole.
Further, an additional 14 holes of 6,314.4 m were completed designed to geotechnically and hydrogeologically characterize the rock mass within areas of the proposed mine workings and the Underground Tailings Management Facility (“UGTMF”).
In total, the 2019 Phase I winter drilling program comprised 131 completed holes totaling 57,282.4 m.
Phase I: Conversion of Indicated to Measured Mineral Resources
This current phase of the 2019 drilling program targeted the A2 and A3 High-Grade Domains for conversion of Indicated to Measured Mineral Resources within the proposed mine plan at a drill hole spacing of between 9.0 m and 16.7 m(based on a geostatistical data spacing report compiled by Clayton V. Deutsch from Resource Modeling Solutions). All drill holes were collared at a steep inclination, then shallowed out between -55° and -60° before intersecting the target by utilizing the latest in directional drilling technology. The results below highlight intersections through each of the A2 and A3 High Grade Domains, respectively.
A2 High-Grade Domain Highlights
- AR-19-265c2 intersected 53.5 m of total composite mineralization including 9.80 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within a 109.0 m section (497.5 to 605.5 m). Additionally, of the 9.80 m of off-scale mineralization intersected in the hole 2.0 m of massive-to-semi massive pitchblende with minimum-greater-than-61,000 cps;
- AR-19-259c1 intersected 26.5 m of total composite mineralization including 8.40 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within a 96.0 m section (549.0 to 645.0 m). Additionally, of the 8.40 m of off-scale mineralization intersected in the hole 1.00 m of massive-to-semi massive pitchblende with minimum-greater-than-61,000 cps;
- AR-19-253c1 intersected 41.0 m of total composite mineralization including 5.20 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within an 80.0 m section (632.0 to 712.0 m);
- AR-19-262c1 intersected 37.5 m of total composite mineralization including 5.30 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within an 88.0 m section (529.0 to 617.0 m).
A3 High-Grade Domain Highlights
- AR-19-256c1 intersected 38.5 m of total composite mineralization including 8.10 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within a 96.0 m section (437.0 to 533.0 m). Additionally, of the 8.10 m of off-scale mineralization intersected in the hole 1.5 m of massive-to-semi massive pitchblende with minimum-greater-than-61,000 cps;
- AR-19-258c2 intersected 42.0 m of total composite mineralization including 10.85 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within an 88.0 m section (413.5 to 501.5 m);
- AR-19-263c3 intersected 46.5 m of total composite mineralization including 7.20 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within an 85.0 m section (584.0 to 669.0 m).
Drill hole locations are shown in Figure 1, full drilling results can be found in Table 1. Drill hole descriptions can be found at www.nexgenenergy.ca
Phase I: Testing Geotechnical and Hydrogeological Conditions within the proposed mine plan and Underground Tailings Management Facility (“UGTMF”)
An additional 14 holes totaling 6,314.4 m were completed designed to geotechnically and hydrogeologically characterize the rock mass within areas of the proposed mine plan and the UGTMF. The preliminary field analysis indicated robust rock mass conditions in all areas. A report detailing the geotechnical results is being prepared by North Rock Mining Solutions Inc. In addition, the hydrogeological data acquired from these holes is being incorporated into the hydrogeological model which will characterize the favourable hydrogeological conditions at Arrow, inclusive of the proposed UGTMF area. Both reports will be incorporated into to the Feasibility Study and Environmental Assessment for the Arrow Deposit.
Development, Activities & Financial
- Phase I results are all pending final assays and will be released as received and finalized. The commencement of Phase II is pending final compilation and analysis of all Phase I drilling results. All programs for the Feasibility Study (H1 2020) and Environmental Assessment (H2 2020) are ongoing and on schedule.
- NexGen commenced an Environmental Assessment on the Rook I Project on April 29, 2019 in accordance with the requirements of both the Environmental Assessment Act and the Canadian Environmental Assessment Act, 2012 (“CEAA 2012”) after receiving acceptance of the Rook I Project Description (Technical Proposal) by the Canadian Nuclear Safety Commission (“CNSC”) and the Saskatchewan Ministry of Environment (“SMOE”). In addition, NexGen filed an Initial Licence Application with the CNSC under the Nuclear Safety and Control Act in order to obtain a Licence to Prepare Site and Construct for the Project.
- NexGen welcomes the conclusion of the section 232 investigation as reported on July 12, 2019 by Presidential Memoranda by which the President of the United States determined that he did not believe uranium imports threaten to impair the national security of the United States. With the conclusion in hand and support for the entire nuclear energy sector in the United States, many industry observers have reported market activity and utility demand interest has already increased since mid-July for spot and mid-term delivery.
- As of July 31, 2019, the Company had cash-on-hand of approximately $80 million which fully funds NexGen for all drilling, feasibility and development programs planned this year.
Leigh Curyer, Chief Executive Officer, commented: “The dual purpose 2019 Phase I drilling has produced another batch of exceptional radio activity results highlighting Arrow’s unique high grade continuity throughout the ore body, and from a development perspective, highly favourable ground conditions for the proposed mine plan and UGTMF. I would like to take the opportunity to congratulate the NexGen team on the speed, accuracy, efficiency and elite standards in executing Phase I ground work whilst in tandem successfully advancing permitting and community objectives. It’s an exciting time at NexGen and the dedication of the team inclusive of our valued service providers, community members and government is outstanding.”
Troy Boisjoli, Vice-President, Operations and Project Development, commented: “Today’s release represents a great milestone for the Project as this last batch of Phase I holes continues to show the clear continuity of high-grade mineralization across the A2 and A3 shears. These radioactivity results are particularly impressive considering the advanced shallow angle of interception into the sub-vertical Arrow orebody that AziDrill has been able to deliver over prior drill programs at Arrow. In addition, the preliminary geotechnical and hydrogeological field results indicating highly competent ground conditions for sound extraction is excellent. The strength of the Arrow resource and proposed mine plan has been further validated with the completion of the 2019 Phase 1 drill program. We look forward to incorporating all these results into an updated mineral resource, Feasibility Study and Environmental Assessment for submission.”
Table 1: Arrow Deposit Drill Hole Data
Drill Hole | Athabasca Group – | Handheld Scintillometer Results | ||||||
Hole ID | Azimuth | Dip | Total | From | To (m) | Width | CPS Range | |
AR-19-251c1 | 327 | -65 | 577.50 | 141.25 | 480.00 | 481.00 | 1.00 | <500 – 5000 |
503.00 | 506.50 | 3.50 | <500 – 14500 | |||||
520.00 | 521.00 | 1.00 | <500 – 61000 | |||||
523.50 | 524.50 | 1.00 | <500 – 3000 | |||||
531.00 | 532.50 | 1.50 | 4000 – 61000 | |||||
537.00 | 539.00 | 2.00 | <500 – 1700 | |||||
543.00 | 545.00 | 2.00 | <500 – 1800 | |||||
556.50 | 557.00 | 0.50 | <500 – 590 | |||||
AR-19-251c2 | 327 | -65 | 666.50 | N/A | 424.50 | 425.00 | 0.50 | <500 – 1400 |
463.00 | 465.00 | 2.00 | <500 – 15000 | |||||
470.00 | 483.50 | 13.50 | <500 – 33000 | |||||
486.00 | 501.00 | 15.00 | <500 – 61000 | |||||
512.00 | 514.00 | 2.00 | <500 – 1200 | |||||
581.50 | 594.00 | 12.50 | <500 – 61000 | |||||
597.50 | 600.00 | 2.50 | <500 – 750 | |||||
608.00 | 609.00 | 1.00 | <500 – 1000 | |||||
611.50 | 612.50 | 1.00 | <500 – 3400 | |||||
623.00 | 627.50 | 4.50 | <500 – 12100 | |||||
646.00 | 647.50 | 1.50 | <500 – 2400 | |||||
AR-19-252c1 | 327 | -65 | 756.50 | 129.40 | 483.50 | 484.00 | 0.50 | <500 – 2350 |
502.50 | 503.00 | 0.50 | <500 – 15200 | |||||
507.00 | 508.00 | 1.00 | <500 – 2350 | |||||
513.50 | 515.00 | 1.50 | <500 – 1250 | |||||
559.00 | 560.00 | 1.00 | 600 – 47600 | |||||
564.50 | 565.00 | 0.50 | <500 – 2200 | |||||
574.00 | 577.50 | 3.50 | <500 – 49000 | |||||
580.50 | 587.50 | 7.00 | <500 – 52800 | |||||
600.00 | 600.50 | 0.50 | <500 – 6800 | |||||
610.50 | 620.50 | 10.00 | <500 – 61000 | |||||
633.00 | 635.00 | 2.00 | <500 – 4400 | |||||
642.00 | 648.50 | 6.50 | <500 – 2400 | |||||
652.50 | 653.00 | 0.50 | 520 – 860 | |||||
661.50 | 662.00 | 0.50 | <500 – 3400 | |||||
664.50 | 665.00 | 0.50 | <500 – 950 | |||||
667.50 | 679.00 | 11.50 | <500 – 61000 | |||||
685.50 | 695.50 | 10.00 | <500 – 10500 | |||||
699.00 | 699.50 | 0.50 | <500 – 1500 | |||||
703.50 | 705.50 | 2.00 | <500 – 3700 | |||||
721.50 | 724.50 | 3.00 | <500 – 14000 | |||||
AR-19-252c2 | 327 | -65 | 801.50 | N/A | 487.50 | 489.00 | 1.50 | <500 – 1500 |
509.50 | 511.50 | 2.00 | <500 – 8400 | |||||
543.00 | 543.50 | 0.50 | <500 – 510 | |||||
546.00 | 547.00 | 1.00 | <500 – 4140 | |||||
559.00 | 559.50 | 0.50 | <500 – 1400 | |||||
576.50 | 584.00 | 7.50 | <500 – 20500 | |||||
589.50 | 592.50 | 3.00 | <500 – 45000 | |||||
595.50 | 604.00 | 8.50 | <500 – 61000 | |||||
606.50 | 611.00 | 4.50 | <500 – 19000 | |||||
620.00 | 628.00 | 8.00 | <500 – 44000 | |||||
634.00 | 634.50 | 0.50 | <500 – 540 | |||||
637.50 | 650.50 | 13.00 | <500 – 3400 | |||||
656.00 | 657.00 | 1.00 | <500 – 2100 | |||||
661.00 | 669.00 | 8.00 | <500 – 2000 | |||||
676.00 | 703.00 | 27.00 | <500 – 61000 | |||||
723.50 | 729.50 | 6.00 | <500 – 27000 | |||||
738.00 | 738.50 | 0.50 | <500 – 580 | |||||
745.00 | 746.00 | 1.00 | <500 – 7200 | |||||
755.50 | 757.00 | 1.50 | <500 – 12600 | |||||
777.50 | 779.50 | 2.00 | <500 – 13000 | |||||
AR-19-252c3 | 327 | -65 | 804.50 | N/A | 496.50 | 497.00 | 0.50 | <500 – 850 |
515.50 | 521.50 | 6.00 | <500 – 6800 | |||||
528.00 | 530.00 | 2.00 | <500 – 9000 | |||||
551.00 | 555.00 | 4.00 | <500 – 12700 | |||||
567.50 | 568.00 | 0.50 | <500 – 760 | |||||
580.50 | 581.50 | 1.00 | <500 – 750 | |||||
590.50 | 593.50 | 3.00 | <500 – 45000 | |||||
606.00 | 607.00 | 1.00 | <500 – 61000 | |||||
612.50 | 621.00 | 8.50 | <500 – 61000 | |||||
623.50 | 646.00 | 22.50 | <500 – 61000 | |||||
649.50 | 657.00 | 7.50 | <500 – 3800 | |||||
663.50 | 671.00 | 7.50 | <500 – 3050 | |||||
674.00 | 681.00 | 7.00 | <500 – 1500 | |||||
684.00 | 700.00 | 16.00 | <500 – 61000 | |||||
702.50 | 704.00 | 1.50 | <500 – 660 | |||||
706.50 | 711.50 | 5.00 | <500 – 18100 | |||||
718.50 | 729.50 | 11.00 | <500 – 61000 | |||||
738.00 | 739.00 | 1.00 | 1200 – 47900 | |||||
750.00 | 755.00 | 5.00 | <500 – 11600 | |||||
774.00 | 776.00 | 2.00 | <500 – 9600 | |||||
783.50 | 784.50 | 1.00 | <500 – 61000 | |||||
AR-19-253c1 | 327 | -65 | 712.00 | 125.45 | 442.50 | 443.50 | 1.00 | <500 – 2650 |
528.00 | 528.50 | 0.50 | <500 – 1100 | |||||
537.00 | 540.50 | 3.50 | <500 – 1800 | |||||
558.50 | 560.00 | 1.50 | <500 – 15500 | |||||
568.00 | 573.00 | 5.00 | <500 – 650 | |||||
580.00 | 584.00 | 4.00 | <500 – 4000 | |||||
587.50 | 589.50 | 2.00 | <500 – 2200 | |||||
594.50 | 595.00 | 0.50 | <500 – 910 | |||||
623.50 | 624.00 | 0.50 | <500 – 730 | |||||
639.50 | 672.00 | 32.50 | <500 – 61000 | |||||
681.00 | 683.00 | 2.00 | <500 – 15000 | |||||
690.00 | 696.00 | 6.00 | <500 – 52800 | |||||
AR-19-253c2 | 327 | -65 | 744.50 | N/A | 442.00 | 442.50 | 0.50 | <500 – 720 |
506.00 | 507.50 | 1.50 | <500 – 12000 | |||||
538.50 | 541.50 | 3.00 | <500 – 1900 | |||||
547.00 | 548.00 | 1.00 | <500 – 840 | |||||
552.50 | 558.50 | 6.00 | <500 – 2500 | |||||
568.50 | 569.00 | 0.50 | 660 – 3150 | |||||
583.50 | 585.00 | 1.50 | <500 – 1050 | |||||
591.50 | 592.00 | 0.50 | <500 – 1580 | |||||
606.00 | 609.00 | 3.00 | <500 – 820 | |||||
635.50 | 640.50 | 5.00 | <500 – 2500 | |||||
651.00 | 685.00 | 34.00 | <500 – 61000 | |||||
687.50 | 688.50 | 1.00 | <500 – 6640 | |||||
692.50 | 701.00 | 8.50 | <500 – 13200 | |||||
706.50 | 709.50 | 3.00 | <500 – 3350 | |||||
742.00 | 742.50 | 0.50 | <500 – 1000 | |||||
AR-19-254c1 | 327 | -65 | 684.50 | 133.10 | 479.00 | 480.00 | 1.00 | <500 – 5600 |
522.00 | 522.50 | 0.50 | <500 – 550 | |||||
527.50 | 528.00 | 0.50 | <500 – 790 | |||||
533.50 | 534.00 | 0.50 | <500 – 620 | |||||
616.50 | 625.00 | 8.50 | <500 – 6500 | |||||
631.50 | 641.00 | 9.50 | <500 – 10200 | |||||
649.00 | 651.50 | 2.50 | <500 – 15000 | |||||
657.00 | 663.00 | 6.00 | <500 – 12000 | |||||
AR-19-254c2 | 327 | -65 | 699.50 | N/A | 468.50 | 469.00 | 0.50 | <500 – 550 |
471.50 | 472.00 | 0.50 | <500 – 900 | |||||
483.50 | 484.00 | 0.50 | 700 – 13100 | |||||
514.50 | 515.00 | 0.50 | <500 – 1100 | |||||
528.00 | 529.50 | 1.50 | <500 – 25000 | |||||
533.00 | 534.50 | 1.50 | <500 – 25000 | |||||
538.50 | 539.50 | 1.00 | <500 – 29100 | |||||
542.50 | 550.50 | 8.00 | <500 – 2800 | |||||
609.50 | 610.00 | 0.50 | <500 – 580 | |||||
622.00 | 623.50 | 1.50 | <500 – 3300 | |||||
628.00 | 658.00 | 30.00 | <500 – 24000 | |||||
665.50 | 670.00 | 4.50 | <500 – 61000 | |||||
AR-19-255c1 | 327 | -65 | 609.50 | 122.40 | 505.00 | 506.00 | 1.00 | <500 – 1580 |
510.50 | 513.00 | 2.50 | <500 – 1700 | |||||
520.00 | 523.50 | 3.50 | <500 – 1400 | |||||
545.50 | 565.00 | 19.50 | <500 – 61000 | |||||
568.50 | 569.00 | 0.50 | 670 – 2000 | |||||
588.00 | 589.00 | 1.00 | <500 – 5600 | |||||
AR-19-255c2 | 327 | -65 | 609.50 | N/A | 523.00 | 523.50 | 0.50 | <500 – 7500 |
526.00 | 532.50 | 6.50 | <500 – 4400 | |||||
551.00 | 561.50 | 10.50 | <500 – 61000 | |||||
565.00 | 568.00 | 3.00 | <500 – 910 | |||||
579.00 | 579.50 | 0.50 | <500 – 750 | |||||
582.00 | 587.50 | 5.50 | <500 – 4000 | |||||
AR-19-255c3 | 327 | -65 | 626.00 | N/A | 436.50 | 437.00 | 0.50 | <500 – 2600 |
454.00 | 454.50 | 0.50 | 850 – 1300 | |||||
504.00 | 507.50 | 3.50 | <500 – 700 | |||||
510.50 | 511.50 | 1.00 | <500 – 2600 | |||||
514.00 | 520.50 | 6.50 | <500 – 2600 | |||||
528.00 | 530.00 | 2.00 | <500 – 5700 | |||||
533.50 | 535.50 | 2.00 | <500 – 3960 | |||||
538.50 | 539.50 | 1.00 | <500 – 4300 | |||||
549.00 | 550.00 | 1.00 | <500 – 2400 | |||||
567.50 | 584.50 | 17.00 | <500 – 61000 | |||||
587.50 | 589.50 | 2.00 | <500 – 2100 | |||||
603.00 | 603.50 | 0.50 | 570 – 1240 | |||||
606.00 | 606.50 | 0.50 | <500 – 500 | |||||
AR-19-256c1 | 327 | -65 | 537.00 | 141.00 | 453.50 | 456.50 | 3.00 | <500 – 23000 |
467.00 | 467.50 | 0.50 | 800 – 27000 | |||||
471.50 | 472.50 | 1.00 | <500 – 15200 | |||||
478.00 | 512.00 | 34.00 | <500 – 61000 | |||||
AR-19-256c2 | 327 | -65 | 552.50 | N/A | 457.50 | 458.50 | 1.00 | <500 – 5850 |
463.00 | 467.50 | 4.50 | <500 – 6300 | |||||
470.00 | 470.50 | 0.50 | <500 – 1500 | |||||
474.00 | 476.00 | 2.00 | <500 – 4000 | |||||
480.00 | 481.00 | 1.00 | 750 – 13000 | |||||
484.50 | 485.00 | 0.50 | <500 – 720 | |||||
488.00 | 489.00 | 1.00 | <500 – 1400 | |||||
492.00 | 516.50 | 24.50 | <500 – 61000 | |||||
AR-19-256c3 | 327 | -65 | 705.20 | N/A | 461.50 | 462.00 | 0.50 | <500 – 1600 |
469.00 | 471.50 | 2.50 | <500 – 990 | |||||
479.00 | 481.00 | 2.00 | <500 – 7400 | |||||
483.50 | 484.00 | 0.50 | <500 – 550 | |||||
487.00 | 487.50 | 0.50 | <500 – 21000 | |||||
491.00 | 491.50 | 0.50 | 3400 – 61000 | |||||
501.00 | 505.50 | 4.50 | <500 – 61000 | |||||
512.00 | 513.50 | 1.50 | <500 – 6000 | |||||
516.50 | 527.00 | 10.50 | <500 – 26900 | |||||
543.50 | 544.00 | 0.50 | <500 – 530 | |||||
547.50 | 550.50 | 3.00 | <500 – 640 | |||||
655.50 | 660.50 | 5.00 | <500 – 2500 | |||||
674.50 | 678.00 | 3.50 | <500 – 1980 | |||||
698.00 | 698.50 | 0.50 | <500 – 800 | |||||
AR-19-257c1 | 327 | -65 | 651.50 | 120.50 | 480.00 | 481.50 | 1.50 | <500 – 7850 |
524.00 | 524.50 | 0.50 | <500 – 1060 | |||||
536.00 | 538.00 | 2.00 | <500 – 1750 | |||||
553.00 | 554.00 | 1.00 | <500 – 790 | |||||
561.50 | 563.00 | 1.50 | <500 – 8800 | |||||
570.00 | 571.00 | 1.00 | <500 – 12500 | |||||
586.00 | 594.50 | 8.50 | <500 – 30000 | |||||
601.50 | 602.50 | 1.00 | <500 – 22000 | |||||
614.50 | 617.00 | 2.50 | <500 – 1800 | |||||
622.50 | 631.50 | 9.00 | <500 – 7200 | |||||
AR-19-257c2 | 327 | -65 | 666.50 | N/A | 526.00 | 527.50 | 1.50 | <500 – 4100 |
549.00 | 550.00 | 1.00 | <500 – 5800 | |||||
560.00 | 564.50 | 4.50 | <500 – 1700 | |||||
582.00 | 582.50 | 0.50 | <500 – 880 | |||||
598.00 | 600.00 | 2.00 | <500 – 15000 | |||||
611.00 | 612.50 | 1.50 | <500 – 61000 | |||||
637.00 | 641.50 | 4.50 | <500 – 3550 | |||||
AR-19-257c3 | 327 | -65 | 654.50 | N/A | 482.50 | 483.00 | 0.50 | <500 – 1100 |
487.00 | 487.50 | 0.50 | <500 – 1300 | |||||
491.00 | 491.50 | 0.50 | <500 – 1000 | |||||
517.50 | 518.50 | 1.00 | <500 – 6900 | |||||
526.00 | 527.00 | 1.00 | <500 – 8900 | |||||
539.50 | 542.50 | 3.00 | <500 – 2300 | |||||
546.50 | 547.50 | 1.00 | <500 – 1250 | |||||
555.50 | 557.00 | 1.50 | <500 – 26000 | |||||
568.50 | 571.00 | 2.50 | <500 – 1000 | |||||
584.00 | 585.00 | 1.00 | <500 – 600 | |||||
587.50 | 597.00 | 9.50 | <500 – 61000 | |||||
600.00 | 600.50 | 0.50 | <500 – 2500 | |||||
606.00 | 612.00 | 6.00 | <500 – 61000 | |||||
614.50 | 621.00 | 6.50 | <500 – 36500 | |||||
624.50 | 630.50 | 6.00 | <500 – 1200 | |||||
AR-19-257c4 | 327 | -65 | 666.50 | N/A | 485.00 | 485.50 | 0.50 | <500 – 970 |
490.00 | 491.50 | 1.50 | <500 – 1300 | |||||
517.00 | 528.00 | 11.00 | <500 – 4900 | |||||
559.50 | 560.50 | 1.00 | <500 – 3500 | |||||
564.50 | 565.00 | 0.50 | <500 – 1900 | |||||
570.00 | 571.00 | 1.00 | <500 – 1800 | |||||
573.50 | 574.00 | 0.50 | <500 – 2100 | |||||
598.00 | 598.50 | 0.50 | 3700 – 30400 | |||||
606.00 | 606.50 | 0.50 | <500 – 1000 | |||||
610.00 | 610.50 | 0.50 | <500 – 1900 | |||||
621.00 | 630.50 | 9.50 | <500 – 14000 | |||||
637.00 | 644.00 | 7.00 | <500 – 2900 | |||||
AR-19-258c1 | 327 | -65 | 495.50 | 138.05 | 418.00 | 419.00 | 1.00 | <500 – 11200 |
436.00 | 447.50 | 11.50 | <500 – 48300 | |||||
452.50 | 462.00 | 9.50 | <500 – 61000 | |||||
466.50 | 470.50 | 4.00 | <500 – 1900 | |||||
476.50 | 481.50 | 5.00 | <500 – 3100 | |||||
484.00 | 487.50 | 3.50 | <500 – 2200 | |||||
493.50 | 495.50 | 2.00 | <500 – 1200 | |||||
AR-19-258c2 | 327 | -65 | 501.50 | N/A | 413.50 | 414.00 | 0.50 | 550 – 6700 |
419.00 | 419.50 | 0.50 | <500 – 870 | |||||
427.00 | 428.00 | 1.00 | 1350 – 38700 | |||||
446.50 | 480.50 | 34.00 | <500 – 61000 | |||||
485.00 | 489.50 | 4.50 | <500 – 1500 | |||||
494.50 | 496.00 | 1.50 | <500 – 560 | |||||
501.00 | 501.00 | 0.00 | <500 – 710 | |||||
AR-19-259c1 | 327 | -65 | 651.50 | 127.95 | 456.00 | 457.00 | 1.00 | <500 – 970 |
460.50 | 461.00 | 0.50 | <500 – 1050 | |||||
483.00 | 490.00 | 7.00 | <500 – 4900 | |||||
508.50 | 509.00 | 0.50 | <500 – 820 | |||||
583.50 | 596.00 | 12.50 | <500 – 61000 | |||||
598.50 | 607.00 | 8.50 | <500 – 61000 | |||||
613.00 | 613.50 | 0.50 | <500 – 580 | |||||
616.50 | 621.50 | 5.00 | <500 – 25700 | |||||
AR-19-259c2 | 327 | -65 | 666.50 | N/A | 462.50 | 463.00 | 0.50 | <500 – 880 |
493.00 | 494.00 | 1.00 | <500 – 32600 | |||||
502.50 | 503.50 | 1.00 | <500 – 900 | |||||
508.00 | 508.50 | 0.50 | <500 – 3600 | |||||
524.00 | 525.00 | 1.00 | <500 – 900 | |||||
565.00 | 566.00 | 1.00 | <500 – 600 | |||||
596.50 | 604.00 | 7.50 | <500 – 61000 | |||||
607.50 | 609.00 | 1.50 | <500 – 11200 | |||||
614.50 | 619.50 | 5.00 | <500 – 3500 | |||||
628.00 | 628.50 | 0.50 | <500 – 630 | |||||
631.00 | 634.50 | 3.50 | <500 – 12400 | |||||
637.50 | 638.50 | 1.00 | <500 – 1300 | |||||
AR-19-260c1 | 327 | -65 | 600.50 | 126.00 | 436.50 | 437.00 | 0.50 | <500 – 1900 |
454.00 | 454.50 | 0.50 | <500 – 610 | |||||
470.00 | 470.50 | 0.50 | <500 – 530 | |||||
476.50 | 477.50 | 1.00 | <500 – 6000 | |||||
481.00 | 481.50 | 0.50 | <500 – 820 | |||||
493.50 | 495.50 | 2.00 | <500 – 1300 | |||||
500.00 | 503.00 | 3.00 | <500 – 2300 | |||||
507.50 | 508.00 | 0.50 | <500 – 620 | |||||
527.50 | 548.50 | 21.00 | <500 – 43000 | |||||
AR-19-260c2 | 327 | -65 | 597.50 | N/A | 475.00 | 476.00 | 1.00 | <500 – 1100 |
483.00 | 484.00 | 1.00 | <500 – 2100 | |||||
490.50 | 491.50 | 1.00 | <500 – 530 | |||||
494.00 | 494.50 | 0.50 | <500 – 540 | |||||
498.00 | 498.50 | 0.50 | <500 – 780 | |||||
502.00 | 504.50 | 2.50 | <500 – 1700 | |||||
515.50 | 516.00 | 0.50 | <500 – 510 | |||||
521.00 | 544.00 | 23.00 | <500 – 61000 | |||||
AR-19-261c1 | 327 | -65 | 765.50 | 120.80 | 195.50 | 196.00 | 0.50 | <500 – 670 |
541.50 | 542.50 | 1.00 | <500 – 9500 | |||||
553.50 | 559.00 | 5.50 | <500 – 14500 | |||||
563.00 | 564.00 | 1.00 | <500 – 11000 | |||||
567.00 | 568.00 | 1.00 | <500 – 1000 | |||||
575.00 | 575.50 | 0.50 | 2000 – 50000 | |||||
578.50 | 579.50 | 1.00 | <500 – 61000 | |||||
594.50 | 595.00 | 0.50 | <500 – 700 | |||||
608.00 | 616.00 | 8.00 | <500 – 4100 | |||||
621.50 | 623.50 | 2.00 | <500 – 1900 | |||||
627.50 | 628.50 | 1.00 | <500 – 1600 | |||||
631.50 | 634.50 | 3.00 | <500 – 1800 | |||||
658.00 | 662.50 | 4.50 | <500 – 2400 | |||||
671.50 | 689.00 | 17.50 | <500 – 61000 | |||||
695.00 | 716.00 | 21.00 | <500 – 4700 | |||||
721.00 | 722.50 | 1.50 | <500 – 1100 | |||||
AR-19-261c2 | 327 | -65 | 774.50 | N/A | 497.50 | 499.00 | 1.50 | <500 – 1300 |
520.50 | 521.00 | 0.50 | <500 – 2400 | |||||
553.00 | 554.50 | 1.50 | <500 – 4100 | |||||
566.00 | 568.50 | 2.50 | <500 – 5900 | |||||
571.00 | 576.50 | 5.50 | <500 – 41000 | |||||
589.50 | 592.50 | 3.00 | <500 – 45100 | |||||
612.50 | 615.00 | 2.50 | <500 – 1100 | |||||
626.50 | 628.00 | 1.50 | <500 – 1800 | |||||
635.50 | 638.00 | 2.50 | <500 – 1600 | |||||
652.50 | 653.00 | 0.50 | <500 – 520 | |||||
666.50 | 667.50 | 1.00 | <500 – 850 | |||||
671.50 | 687.50 | 16.00 | <500 – 61000 | |||||
695.00 | 695.50 | 0.50 | <500 – 2080 | |||||
698.00 | 699.00 | 1.00 | <500 – 750 | |||||
AR-19-262c1 | 327 | -65 | 636.50 | 125.00 | 484.50 | 485.00 | 0.50 | <500 – 660 |
492.00 | 492.50 | 0.50 | <500 – 800 | |||||
503.00 | 506.50 | 3.50 | <500 – 2700 | |||||
516.00 | 521.50 | 5.50 | <500 – 1800 | |||||
560.50 | 573.50 | 13.00 | <500 – 61000 | |||||
576.50 | 577.00 | 0.50 | <500 – 610 | |||||
585.00 | 593.50 | 8.50 | <500 – 3800 | |||||
596.00 | 599.50 | 3.50 | <500 – 2150 | |||||
602.00 | 604.50 | 2.50 | <500 – 990 | |||||
607.50 | 617.00 | 9.50 | <500 – 61000 | |||||
AR-19-262c2 | 327 | -65 | 648.50 | N/A | 494.50 | 497.00 | 2.50 | <500 – 4200 |
506.00 | 509.50 | 3.50 | <500 – 1750 | |||||
517.00 | 518.00 | 1.00 | <500 – 850 | |||||
520.50 | 521.00 | 0.50 | <500 – 650 | |||||
526.00 | 527.00 | 1.00 | <500 – 920 | |||||
537.00 | 537.50 | 0.50 | <500 – 650 | |||||
558.50 | 559.00 | 0.50 | <500 – 1100 | |||||
568.50 | 576.50 | 8.00 | <500 – 61000 | |||||
580.50 | 583.00 | 2.50 | <500 – 6600 | |||||
592.00 | 594.00 | 2.00 | <500 – 1500 | |||||
600.50 | 620.00 | 19.50 | <500 – 12500 | |||||
626.50 | 628.00 | 1.50 | <500 – 900 | |||||
AR-19-262c3 | 327 | -65 | 654.50 | N/A | 492.50 | 493.50 | 1.00 | <500 – 2200 |
496.00 | 497.00 | 1.00 | <500 – 1450 | |||||
502.00 | 502.50 | 0.50 | <500 – 560 | |||||
505.50 | 507.50 | 2.00 | <500 – 1200 | |||||
532.50 | 533.50 | 1.00 | <500 – 3300 | |||||
555.50 | 556.50 | 1.00 | <500 – 1100 | |||||
577.50 | 597.00 | 19.50 | <500 – 61000 | |||||
601.00 | 601.50 | 0.50 | <500 – 1050 | |||||
605.50 | 608.00 | 2.50 | <500 – 820 | |||||
614.50 | 615.00 | 0.50 | <500 – 540 | |||||
617.50 | 627.00 | 9.50 | <500 – 17200 | |||||
634.50 | 637.00 | 2.50 | <500 – 2400 | |||||
640.00 | 642.50 | 2.50 | <500 – 730 | |||||
AR-19-263c1 | 325 | -65 | 662.00 | 136.30 | 539.00 | 546.00 | 7.00 | <500 – 19000 |
557.50 | 558.00 | 0.50 | <500 – 1700 | |||||
566.50 | 568.50 | 2.00 | <500 – 8500 | |||||
575.50 | 590.00 | 14.50 | <500 – 27000 | |||||
594.50 | 595.50 | 1.00 | <500 – 15000 | |||||
598.50 | 602.00 | 3.50 | <500 – 25000 | |||||
605.00 | 611.50 | 6.50 | <500 – 61000 | |||||
614.50 | 638.50 | 24.00 | <500 – 61000 | |||||
641.00 | 644.00 | 3.00 | <500 – 1200 | |||||
AR-19-263c2 | 325 | -65 | 666.50 | N/A | 540.00 | 545.00 | 5.00 | <500 – 32000 |
560.00 | 582.50 | 22.50 | <500 – 61000 | |||||
590.50 | 592.50 | 2.00 | <500 – 9800 | |||||
605.00 | 611.00 | 6.00 | <500 – 2800 | |||||
619.00 | 627.50 | 8.50 | <500 – 61000 | |||||
634.00 | 636.50 | 2.50 | <500 – 1100 | |||||
640.50 | 641.00 | 0.50 | <500 – 530 | |||||
644.50 | 645.50 | 1.00 | <500 – 1000 | |||||
AR-19-263c3 | 325 | -65 | 669.50 | N/A | 535.00 | 536.00 | 1.00 | <500 – 700 |
547.00 | 550.50 | 3.50 | <500 – 47000 | |||||
567.50 | 568.50 | 1.00 | <500 – 2450 | |||||
573.00 | 573.50 | 0.50 | <500 – 1120 | |||||
581.50 | 584.00 | 2.50 | <500 – 2600 | |||||
589.00 | 594.50 | 5.50 | <500 – 8800 | |||||
597.00 | 598.50 | 1.50 | <500 – 6300 | |||||
601.50 | 604.50 | 3.00 | <500 – 12000 | |||||
614.00 | 619.50 | 5.50 | <500 – 61000 | |||||
622.00 | 626.00 | 4.00 | <500 – 61000 | |||||
631.00 | 654.00 | 23.00 | <500 – 61000 | |||||
656.50 | 660.50 | 4.00 | <500 – 2150 | |||||
AR-19-264c1 | 327 | -65 | 759.50 | 124.85 | 503.00 | 503.50 | 0.50 | <500 – 540 |
532.00 | 534.00 | 2.00 | <500 – 5000 | |||||
541.00 | 541.50 | 0.50 | 500 – 6300 | |||||
564.50 | 565.00 | 0.50 | <500 – 720 | |||||
572.00 | 572.50 | 0.50 | <500 – 1900 | |||||
580.50 | 581.50 | 1.00 | <500 – 2600 | |||||
591.50 | 596.00 | 4.50 | <500 – 8200 | |||||
598.50 | 599.00 | 0.50 | <500 – 510 | |||||
606.00 | 606.50 | 0.50 | <500 – 580 | |||||
610.00 | 610.50 | 0.50 | <500 – 500 | |||||
621.00 | 622.00 | 1.00 | <500 – 2200 | |||||
641.50 | 645.50 | 4.00 | <500 – 2100 | |||||
657.00 | 658.00 | 1.00 | <500 – 610 | |||||
663.50 | 664.50 | 1.00 | <500 – 5600 | |||||
669.00 | 681.00 | 12.00 | <500 – 61000 | |||||
686.50 | 690.50 | 4.00 | <500 – 11000 | |||||
694.00 | 707.00 | 13.00 | <500 – 6600 | |||||
711.00 | 730.50 | 19.50 | <500 – 61000 | |||||
757.00 | 757.50 | 0.50 | <500 – 3500 | |||||
AR-19-264c2 | 327 | -65 | 789.50 | N/A | 535.50 | 536.00 | 0.50 | 2500 – 39000 |
580.00 | 581.00 | 1.00 | <500 – 680 | |||||
585.50 | 587.50 | 2.00 | <500 – 2800 | |||||
593.00 | 595.50 | 2.50 | <500 – 2100 | |||||
600.50 | 604.50 | 4.00 | <500 – 61000 | |||||
615.50 | 616.00 | 0.50 | <500 – 790 | |||||
623.00 | 630.50 | 7.50 | <500 – 1780 | |||||
638.00 | 638.50 | 0.50 | <500 – 620 | |||||
646.00 | 647.50 | 1.50 | <500 – 1100 | |||||
652.00 | 652.50 | 0.50 | <500 – 2000 | |||||
667.50 | 668.50 | 1.00 | <500 – 1100 | |||||
677.00 | 696.00 | 19.00 | <500 – 61000 | |||||
701.00 | 714.00 | 13.00 | <500 – 61000 | |||||
717.00 | 728.50 | 11.50 | <500 – 61000 | |||||
731.00 | 735.00 | 4.00 | <500 – 6000 | |||||
742.00 | 746.50 | 4.50 | <500 – 4500 | |||||
749.00 | 749.50 | 0.50 | <500 – 2100 | |||||
753.50 | 755.00 | 1.50 | <500 – 1270 | |||||
775.00 | 776.50 | 1.50 | <500 – 5400 | |||||
AR-19-265c1 | 327 | -65 | 615.50 | 125.20 | 456.00 | 458.00 | 2.00 | <500 – 1500 |
479.00 | 480.50 | 1.50 | <500 – 1700 | |||||
484.50 | 486.00 | 1.50 | <500 – 3300 | |||||
490.00 | 492.50 | 2.50 | <500 – 850 | |||||
500.00 | 503.00 | 3.00 | <500 – 2700 | |||||
510.00 | 511.50 | 1.50 | <500 – 1020 | |||||
515.00 | 516.50 | 1.50 | <500 – 1100 | |||||
529.50 | 556.50 | 27.00 | <500 – 61000 | |||||
560.50 | 569.00 | 8.50 | <500 – 8700 | |||||
571.50 | 579.50 | 8.00 | <500 – 4150 | |||||
591.50 | 592.50 | 1.00 | 560 – 7100 | |||||
AR-19-265c2 | 327 | -65 | 627.50 | N/A | 445.00 | 445.50 | 0.50 | <500 – 1050 |
475.50 | 484.00 | 8.50 | <500 – 2630 | |||||
497.50 | 498.50 | 1.00 | <500 – 750 | |||||
501.00 | 501.50 | 0.50 | <500 – 550 | |||||
508.50 | 509.00 | 0.50 | <500 – 580 | |||||
516.00 | 516.50 | 0.50 | <500 – 930 | |||||
522.50 | 523.00 | 0.50 | <500 – 530 | |||||
532.00 | 532.50 | 0.50 | <500 – 1200 | |||||
535.50 | 570.50 | 35.00 | <500 – 61000 | |||||
573.50 | 577.00 | 3.50 | <500 – 4500 | |||||
588.00 | 590.00 | 2.00 | <500 – 1800 | |||||
594.00 | 597.50 | 3.50 | <500 – 4200 | |||||
600.50 | 606.50 | 6.00 | <500 – 26100 | |||||
Parameters: | |
• | Maximum internal dilution 2.00 m downhole |
• | All depths and intervals are metres downhole, true thicknesses are yet to be determined |
• | “Anomalous” means >500 cps (counts per second) total count gamma readings by gamma scintillometer type RS-120 |
• | “Off-scale” means >10,000 cps (counts per second) total count gamma readings by gamma scintillometer type RS-120 |
• | Where “Min cps” is <500 cps, this refers to local low radiometric zones within the overall radioactive interval |
• | Directional drilling has often resulted in mineralization intersected at a more favourable and shallower dip |
• | If a drill hole deviates from a target a section of the drill hole may need to be re-drilled – this can potentially cause small discrepancies (in metres) between the reported total length of a drill hole (depth at end of hole minus the starting depth) and the actual number of metres drilled for a given drill hole. |
About NexGen
NexGen is a British Columbia corporation with a focus on the acquisition, exploration and development of Canadian uranium projects. NexGen has a highly experienced team of uranium industry professionals with a successful track record in the discovery of uranium deposits and in developing projects through discovery to production.
NexGen owns a portfolio of prospective uranium exploration assets in the Athabasca Basin, Saskatchewan, Canada; including a 100% interest in Rook I, location of the Arrow Deposit discovered in February 2014, the Bow discovery in March 2015, the Harpoon discovery in August 2016 and the Arrow South discovery in July 2017. NexGen is the recipient of the PDAC’s 2018 Bill Dennis Award and the 2019 Environmental and Social Responsibility Award.
Technical Disclosure
The technical information in this news release with respect to the PFS has been reviewed and approved by Paul O’Hara, P.Eng. of Wood., David Robson, P.Eng., M.B.A., and Jason Cox, P.Eng. of RPA, each of whom is a “qualified person” under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI-43-101“).
The Mineral Resource Estimate was completed by Mr. Mark Mathisen, C.P.G., Senior Geologist at RPA and Mr. David Ross, P.Geo., Director of Resource Estimation and Principal Geologist at RPA. Both are independent Qualified Persons in accordance with the requirements of National Instrument (NI) 43-101 and they have approved the disclosure herein. All other technical information in this news release has been approved by Mr. Troy Boisjoli, Geoscientist Licensee, Vice President – Operations & Project Development for NexGen. Mr. Boisjoli is a qualified person for the purposes of NI 43-101 and has verified the sampling, analytical, and test data underlying the information or opinions contained herein by reviewing original data certificates and monitoring all of the data collection protocols. All other technical information in this news release has been approved by Mr. James Hatley, a Professional Engineer, Senior Vice-President – Project Development for NexGen. Mr. Hatley is a qualified person for the purposes of NI 43-101 and has reviewed the underlying the information or opinions contained herein on mine design.
A technical report in respect to the PFS 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).
SEC Standards
Estimates of mineralization and other technical information included or referenced in this news release have been prepared in accordance with NI 43-101. The definitions of proven and probable mineral reserves used in NI 43-101 differ from the definitions in SEC Industry Guide 7. Under SEC Industry Guide 7 standards, a “final” or “bankable” feasibility study is required to report reserves, the three-year historical average price is used in any reserve or cash flow analysis to designate reserves and the primary environmental analysis or report must be filed with the appropriate governmental authority. As a result, the reserves reported by the Company in accordance with NI 43-101 may not qualify as “reserves” under SEC standards. In addition, the terms “mineral resource”, “measured mineral resource”, “indicated mineral resource” and “inferred mineral resource” are defined in and required to be disclosed by NI 43-101; however, these terms are not defined terms under SEC Industry Guide 7 and normally are not permitted to be used in reports and registration statements filed with the SEC. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into reserves. “Inferred mineral resources” have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian securities laws, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. Additionally, disclosure of “contained pounds” in a resource is permitted disclosure under Canadian securities laws; however, the SEC normally only permits issuers to report mineralization that does not constitute “reserves” by SEC standards as in place tonnage and grade without reference to unit measurements. Accordingly, information contained or referenced in this news release containing descriptions of the Company’s mineral deposits may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements of United States federal securities laws and the rules and regulations thereunder.
Technical Information
For details of the Rook I Project including the quality assurance program and quality control measures applied and key assumptions, parameters and methods used to estimate the Mineral Resource please refer to the technical report entitled “Arrow Deposit, Rook I Project Saskatchewan NI 43-101 Technical Report on Pre-feasbility Study” dated effective 5 November, 2018 (the “Rook 1 Technical Report”) prepared by Paul O’Hara, P.Eng., Jason J. Cox, P.Eng., David M. Robson, P.Eng., M.B.A., Mark B. Mathisen, C.P.G. each of whom is a “qualified person” under NI 43-101. The Rook I Technical Report is available for review under the Company’s profile on SEDAR at www.sedar.com and EDGAR (www.sec.gov/edgar.shtml) providing details of the Rook I Project including the quality assurance program and quality control measures applied and key assumptions, parameters and methods used to estimate the Mineral Resource and is available on NexGen Energy’s website (www.nexgenenergy.ca).
Forward-Looking Information
The information contained herein contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 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 the activities, events or developments that the Company expects or anticipates will or may occur in the future. 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.
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 proposed transaction will be completed, the results of planned exploration activities are as anticipated, the price 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.
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, 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, imprecision of mineral resource estimates, the appeal of alternate sources of energy and sustained low uranium prices, aboriginal title and consultation issues, exploration risks, 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 licenses, changes in laws, regulations and policy, competition for resources and financing, and other factors discussed or referred to in the Company’s Annual Information Form dated March 4, 2019 under “Risk Factors”.
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 implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.
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.
SOURCE NexGen Energy Ltd.
For further information: Leigh Curyer, Chief Executive Officer, NexGen Energy Ltd., +1 604 428 4112, lcuryer@nexgenenergy.ca, www.nexgenenergy.ca; Travis McPherson, Vice President Corporate Development, NexGen Energy Ltd., +1 604 428 4112, tmcpherson@nexgenenergy.ca, http://www.nexgenenergy.ca
Related Links
NexGen Intersects High-Grade Mineralization in all Twenty A2 and A3 Targets from the 2019 Feasibility Stage Drilling Program
NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX: NXE, NYSE MKT: NXE) is pleased to report radioactivity for an additional twenty holes comprising 7,969.5 m from the Company’s Feasibility stage drilling program at our 100% owned, Rook I property in the Athabasca Basin Saskatchewan.
Objective I: Conversion of Indicated Mineral Resources to Measured Category
This current phase of the 2019 drilling program is targeting the A2 and A3 High-Grade Domain mine planning sections at a spacing between 9.0 m and 16.7 m. The target spacing incorporates the results of a geostatistical data spacing report compiled by Clayton V. Deutsch from Resource Modeling Solutions based on 189 drill holes, totaling 121,923.15 m, which forms the basis of the Indicated Mineral Resource of 256.6 M lbs at 4.04 % U3O8. All drill holes are collared at a steep inclination, then shallowed out between -55° and -60° before intersecting the target by utilizing the latest in directional drilling technology.
Highlights:
A2 High-Grade Domains and Sub-zone
- AR-19-229c2 intersected 46.5 m of total composite mineralization including 12.05 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within an 86.0 m section (602.0 to 688.0 m);
- AR-19-229c4 intersected 39.0 m of total composite mineralization including 8.55 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within an 88.0 m section (578.0 to 666.0 m);
- AR-19-230c3 intersected 30.5 m of total composite mineralization including 7.55 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within a 93.0 m section (564.0 to 657.0 m). Additionally, of the 7.55 m of off-scale mineralization intersected in the hole, 0.5 m of massive-to-semi massive pitchblende with minimum-greater-than-61,000 cps;
- AR-19-235c1 intersected 43.0 m of total composite mineralization including 7.15 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within a 93.0 m section (517.0 to 610.0 m). Additionally, of the 7.15 m of off-scale mineralization intersected in the hole, 3.0 m of massive-to-semi massive pitchblende with minimum-greater-than-61,000 cps;
- AR-19-236c2 intersected 26.0 m of total composite mineralization including 6.35 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within an 89.0 m section (579.0 to 668.0 m.
A3 High-Grade Domains
- AR-19-231c2 intersected 48.0 m of total composite mineralization including 5.75 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within a 102.0 m section (469.0 to 571.0 m);
- AR-19-232c3 intersected 26.0 m of total composite mineralization including 5.1 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within an 89.0 m section (560.0 to 649.0 m).
Drill hole locations and schematics are shown in Figures 1 to 2, drilling results can be found in Table 1. Drill hole descriptions can be found at www.nexgenenergy.ca
Development, Permitting, Appointments, Activities & Financial
- Expediting Arrow to Feasibility by a 2-stage (10 rig) high density drilling program focused on mine optimization plans based on Measured and Indicated mineral resources.
- As reported on April 29, 2019, NexGen received acceptance of the Rook I Project Description (Technical Proposal) by the Canadian Nuclear Safety Commission (“CNSC”) and the Saskatchewan Ministry of Environment (“MOE”). The acceptance marked the commencement of an Environmental Assessment (“EA”) on the Rook I Project (the “Project”) in accordance with the requirements of both The Environmental Assessment Act (Province of Saskatchewan) and the Canadian Environmental Assessment Act, 2012 “CEAA 2012” (Government of Canada). The EA is being conducted through a coordinated process between the MOE and the CNSC, which is the Federal life-cycle regulator for all uranium mine and mill projects in Canada. In addition, NexGen filed an Initial Licence Application with the CNSC under the Nuclear Safety and Control Act in order to obtain a Licence to Prepare Site and Construct for the Project.
- The Company also announces the appointments of Gillian McCombie, Vice President Human Resources and Arthur Lieu, MSc., P.Eng., Vice President Processing and Metallurgy. Gillian brings over 25 years of experience in human resources in the international mining and telecommunications sectors. Gillian most recently as Vice President Human Resources at Capstone Mining and prior to that with Telus and Placer Dome. Arthur joins NexGen having spent 20 years in mine processing and metallurgy. Most recently, he was the Chief Metallurgist at Cameco’s Rabbit Lake mill and Orano’s McClean Lake mill. Arthur holds a Bachelor of Science degree in Chemical Engineering and a Master of Science degree in Geochemistry, with a focus on source-term characteristic of uranium waste rock piles at Cameco Key Lake uranium mine. Mr. Lieu is also trained in Lean Six Sigma Black Belt process improvement and optimization. Mr. Lieu is a registered Professional Engineer (P. Eng) with the Association of Professional Engineers and Geoscientists of Saskatchewan (APEGS).
- The Company had cash-on-hand of approximately $90 million which fully funds NexGen for all drilling, feasibility and development programs planned this year.
Leigh Curyer, Chief Executive Officer, commented: “These continuing high grade results received from sections of the ore body focused on the mine plan, highlight the extraordinary high grade and robustness of Arrow. In parallel, the Feasibility-stage engineering, metallurgical and environmental studies are all advancing extremely well, together with permitting and our community programs. I would like to take the opportunity to also welcome Arthur and Gill to the dedicated NexGen team. Two highly experienced and successful professionals in their respective fields joining NexGen at an incredibly exciting time as we begin to see positive signs emerging in the uranium market.”
Troy Boisjoli, Vice-President, Operations and Project Development, commented: “The continuity of mineralization within the high-grade core of Arrow is remarkable and these results highlight the technical advantages at the Arrow Deposit: mineralization hosted within stacked shear system (allowing holes to intersect multiple targets with one drill hole, minimizing total meterage), stable crystalline basement host rock, and extremely high-grades. These high grade results in all twenty holes will be incorporated into an updated Mineral Resource Estimate which will form the basis of the Feasibility Study, scheduled for release in H1 2020.”
Table 1: Arrow Deposit Drill Hole Data
Drill Hole | Athabasca Group – Basement | Handheld Scintillometer Results (RS-120) | ||||||
Hole ID | Azimuth | Dip | Total | From | To | Width | CPS Range | |
AR-19-225c3 | 327 | -65 | 283 | N/A | 452.5 | 454 | 1.5 | <500 – 46000 |
481 | 481.5 | 0.5 | <500 – 800 | |||||
488 | 490 | 2 | <500 – 700 | |||||
494.5 | 498 | 3.5 | <500 – 1050 | |||||
501 | 501.5 | 0.5 | <500 – 1200 | |||||
586.5 | 602 | 15.5 | <500 – 61000 | |||||
610 | 610.5 | 0.5 | <500 – 550 | |||||
615.5 | 618.5 | 3 | <500 – 1800 | |||||
AR-19-229c1 | 327 | -65 | 693 | 132.8 | 473 | 475 | 2 | <500 – 1200 |
480.5 | 481 | 0.5 | <500 – 600 | |||||
488.5 | 489 | 0.5 | 1000 – 13000 | |||||
495 | 495.5 | 0.5 | <500 – 1240 | |||||
501 | 502 | 1 | <500 – 41500 | |||||
504.5 | 509 | 4.5 | <500 – 20200 | |||||
511.5 | 513 | 1.5 | <500 – 4000 | |||||
516.5 | 520 | 3.5 | <500 – 19800 | |||||
522.5 | 533 | 10.5 | <500 – 61000 | |||||
535.5 | 538.5 | 3 | <500 – 49000 | |||||
543.5 | 546.5 | 3 | <500 – 61000 | |||||
549.5 | 550 | 0.5 | 1230 – 61000 | |||||
570 | 570.5 | 0.5 | <500 – 540 | |||||
628.5 | 634 | 5.5 | <500 – 61000 | |||||
638 | 638.5 | 0.5 | <500 – 610 | |||||
642 | 645.5 | 3.5 | <500 – 61000 | |||||
651 | 675.5 | 24.5 | <500 – 61000 | |||||
AR-19-229c2 | 327 | -65 | 309 | N/A | 494.5 | 495 | 0.5 | <500 – 700 |
500.5 | 501 | 0.5 | <500 – 2150 | |||||
505 | 505.5 | 0.5 | <500 – 680 | |||||
508 | 508.5 | 0.5 | <500 – 31000 | |||||
514 | 514.5 | 0.5 | <500 – 9400 | |||||
517.5 | 519 | 1.5 | <500 – 6000 | |||||
524.5 | 525.5 | 1 | <500 – 4000 | |||||
530 | 536.5 | 6.5 | <500 – 8590 | |||||
541.5 | 542.5 | 1 | 580 – 52500 | |||||
545 | 545.5 | 0.5 | <500 – 3200 | |||||
550.5 | 562.5 | 12 | <500 – 61000 | |||||
574.5 | 577 | 2.5 | <500 – 2000 | |||||
625 | 671.5 | 46.5 | <500 – 61000 | |||||
AR-19-229c3 | 327 | -65 | 240 | N/A | 494.5 | 496 | 1.5 | <500 – 14900 |
502 | 503 | 1 | <500 – 53300 | |||||
506.5 | 507.5 | 1 | <500 – 19500 | |||||
510 | 510.5 | 0.5 | <500 – 800 | |||||
513.5 | 514 | 0.5 | <500 – 1100 | |||||
517 | 518 | 1 | <500 – 12100 | |||||
522 | 524.5 | 2.5 | <500 – 2800 | |||||
529 | 531 | 2 | <500 – 32600 | |||||
539.5 | 541.5 | 2 | <500 – 14100 | |||||
544.5 | 549.5 | 5 | <500 – 47900 | |||||
558 | 561 | 3 | <500 – 61000 | |||||
563.5 | 565 | 1.5 | <500 – 14000 | |||||
571 | 573 | 2 | <500 – 2100 | |||||
579 | 586 | 7 | <500 – 1500 | |||||
592.5 | 594.5 | 2 | <500 – 610 | |||||
629.5 | 645.5 | 16 | <500 – 61000 | |||||
648 | 651.5 | 3.5 | <500 – 4400 | |||||
654 | 680 | 26 | <500 – 61000 | |||||
683 | 683.5 | 0.5 | <500 – 1350 | |||||
705 | 707 | 2 | <500 – 930 | |||||
711.5 | 718 | 6.5 | <500 – 1300 | |||||
AR-19-229c4 | 327 | -65 | 465 | N/A | 404 | 405.5 | 1.5 | <500 – 600 |
415.5 | 416 | 0.5 | <500 – 820 | |||||
464 | 466 | 2 | <500 – 3150 | |||||
471.5 | 472.5 | 1 | <500 – 2300 | |||||
480 | 486.5 | 6.5 | <500 – 61000 | |||||
489 | 489.5 | 0.5 | <500 – 1300 | |||||
494 | 499 | 5 | <500 – 18600 | |||||
501.5 | 505 | 3.5 | <500 – 32000 | |||||
508.5 | 510.5 | 2 | <500 – 43000 | |||||
516.5 | 531.5 | 15 | <500 – 39000 | |||||
613.5 | 652.5 | 39 | <500 – 61000 | |||||
AR-19-230c1 | 327 | -65 | 651.5 | 128.35 | 499 | 499.5 | 0.5 | <500 – 4800 |
502 | 502.5 | 0.5 | <500 – 1200 | |||||
515.5 | 522 | 6.5 | <500 – 3200 | |||||
524.5 | 532.5 | 8 | <500 – 1700 | |||||
566 | 566.5 | 0.5 | <500 – 550 | |||||
571 | 572 | 1 | <500 – 1300 | |||||
577 | 598.5 | 21.5 | <500 – 61000 | |||||
603 | 605.5 | 2.5 | <500 – 1200 | |||||
608 | 608.5 | 0.5 | <500 – 1650 | |||||
611 | 611.5 | 0.5 | <500 – 1160 | |||||
622 | 628.5 | 6.5 | <500 – 1800 | |||||
631.5 | 632 | 0.5 | <500 – 6600 | |||||
AR-19-230c2 | 327 | -65 | 252.5 | N/A | 484 | 484.5 | 0.5 | <500 – 750 |
496.5 | 501 | 4.5 | <500 – 50200 | |||||
522.5 | 523 | 0.5 | <500 – 575 | |||||
552 | 556.5 | 4.5 | <500 – 740 | |||||
559 | 563 | 4 | <500 – 1400 | |||||
570.5 | 572 | 1.5 | <500 – 620 | |||||
586 | 609.5 | 23.5 | <500 – 61000 | |||||
613.5 | 614.5 | 1 | <500 – 3200 | |||||
617 | 618 | 1 | <500 – 750 | |||||
621.5 | 630 | 8.5 | <500 – 15600 | |||||
636 | 636.5 | 0.5 | <500 – 970 | |||||
AR-19-230c3 | 327 | -65 | 234 | N/A | 458 | 458.5 | 0.5 | <500 – 1030 |
461.5 | 463.5 | 2 | <500 – 820 | |||||
474.5 | 475 | 0.5 | <500 – 680 | |||||
487 | 487.5 | 0.5 | <500 – 910 | |||||
504 | 504.5 | 0.5 | <500 – 1030 | |||||
521.5 | 524 | 2.5 | <500 – 730 | |||||
561.5 | 562.5 | 1 | <500 – 1310 | |||||
567.5 | 568 | 0.5 | <500 – 510 | |||||
592 | 614.5 | 22.5 | <500 – 61000 | |||||
619.5 | 623.5 | 4 | <500 – 1280 | |||||
626.5 | 628.5 | 2 | <500 – 14500 | |||||
654.5 | 655 | 0.5 | <500 – 540 | |||||
AR-19-231c1 | 327 | -65 | 564.5 | 138 | 466 | 470.5 | 4.5 | <500 – 14000 |
487.5 | 488 | 0.5 | <500 – 500 | |||||
497 | 505 | 8 | <500 – 46000 | |||||
510.5 | 511 | 0.5 | <500 – 900 | |||||
515.5 | 528 | 12.5 | <500 – 58000 | |||||
AR-19-231c2 | 327 | -65 | 222.5 | N/A | 467.5 | 472.5 | 5 | <500 – 38000 |
480.5 | 481 | 0.5 | 500 – 7500 | |||||
485 | 488 | 3 | <500 – 2700 | |||||
491 | 493.5 | 2.5 | <500 – 3100 | |||||
498.5 | 499 | 0.5 | 500 – 6200 | |||||
505.5 | 546.5 | 41 | <500 – 61000 | |||||
555 | 555.5 | 0.5 | <500 – 770 | |||||
AR-19-231c3 | 327 | -65 | 261.5 | N/A | 505.5 | 506 | 0.5 | <500 – 2100 |
509 | 523.5 | 14.5 | <500 – 61000 | |||||
527 | 528 | 1 | <500 – 650 | |||||
535.5 | 557 | 21.5 | <500 – 61000 | |||||
559.5 | 560.5 | 1 | <500 – 1400 | |||||
567.5 | 568 | 0.5 | <500 – 560 | |||||
571 | 571.5 | 0.5 | <500 – 1100 | |||||
AR-19-232c1 | 327 | -65 | 642.5 | 138.8 | 211.5 | 212 | 0.5 | <500 – 650 |
477.5 | 481.5 | 4 | <500 – 2200 | |||||
485.5 | 486.5 | 1 | <500 – 600 | |||||
493 | 494 | 1 | <500 – 1700 | |||||
506.5 | 507.5 | 1 | <500 – 1450 | |||||
517 | 520 | 3 | <500 – 12000 | |||||
534 | 537 | 3 | <500 – 24000 | |||||
544 | 544.5 | 0.5 | 2200 – 51000 | |||||
548 | 552 | 4 | <500 – 5300 | |||||
563.5 | 565 | 1.5 | <500 – 44000 | |||||
568 | 570 | 2 | <500 – 5700 | |||||
574 | 574.5 | 0.5 | <500 – 1800 | |||||
577 | 577.5 | 0.5 | <500 – 680 | |||||
580.5 | 598 | 17.5 | <500 – 23000 | |||||
601 | 604 | 3 | <500 – 3600 | |||||
607.5 | 609.5 | 2 | <500 – 1200 | |||||
AR-19-232c2 | 327 | -65 | 278.5 | N/A | 454.5 | 458 | 3.5 | <500 – 2100 |
486 | 486.5 | 0.5 | <500 – 660 | |||||
492 | 495 | 3 | <500 – 960 | |||||
516 | 518.5 | 2.5 | <500 – 7500 | |||||
531.5 | 534.5 | 3 | <500 – 14100 | |||||
539.5 | 540 | 0.5 | <500 – 5700 | |||||
550 | 553 | 3 | <500 – 61000 | |||||
556 | 556.5 | 0.5 | <500 – 1350 | |||||
560.5 | 564 | 3.5 | <500 – 39000 | |||||
571 | 571.5 | 0.5 | <500 – 720 | |||||
574.5 | 594 | 19.5 | <500 – 14200 | |||||
599.5 | 600 | 0.5 | <500 – 860 | |||||
AR-19-232c3 | 327 | -65 | 294.5 | N/A | 473 | 473.5 | 0.5 | <500 – 620 |
483.5 | 484 | 0.5 | <500 – 840 | |||||
492 | 493.5 | 1.5 | <500 – 2100 | |||||
504.5 | 505.5 | 1 | <500 – 960 | |||||
519.5 | 520 | 0.5 | <500 – 600 | |||||
530 | 531.5 | 1.5 | <500 – 31000 | |||||
552 | 560.5 | 8.5 | <500 – 61000 | |||||
563 | 569.5 | 6.5 | <500 – 17200 | |||||
572 | 575.5 | 3.5 | <500 – 15700 | |||||
580.5 | 581 | 0.5 | <500 – 690 | |||||
589 | 592 | 3 | <500 – 54600 | |||||
599 | 599.5 | 0.5 | <500 – 840 | |||||
606 | 617.5 | 11.5 | <500 – 61000 | |||||
620 | 620.5 | 0.5 | <500 – 1900 | |||||
AR-19-233c3 | 327 | -65 | 276.5 | N/A | 451 | 456.5 | 5.5 | <500 – 980 |
459 | 466 | 7 | <500 – 1500 | |||||
468.5 | 469 | 0.5 | <500 – 550 | |||||
483 | 490 | 7 | <500 – 43700 | |||||
498.5 | 510.5 | 12 | <500 – 17200 | |||||
514 | 517.5 | 3.5 | <500 – 1700 | |||||
520.5 | 523.5 | 3 | <500 – 3200 | |||||
536.5 | 540 | 3.5 | <500 – 1600 | |||||
542.5 | 543 | 0.5 | <500 – 600 | |||||
AR-19-234c1 | 327 | -65 | 522 | 127.5 | 472 | 491 | 19 | <500 – 61000 |
AR-19-234c2 | 327 | -65 | 177 | N/A | 471.5 | 503.5 | 32 | <500 – 61000 |
AR-19-235c1 | 327 | -65 | 620 | 132.7 | 425.5 | 427 | 1.5 | <500 – 950 |
440.5 | 441.5 | 1 | <500 – 4500 | |||||
452.5 | 453.5 | 1 | <500 – 660 | |||||
456.5 | 462 | 5.5 | <500 – 1300 | |||||
478.5 | 479 | 0.5 | <500 – 1400 | |||||
492.5 | 509.5 | 17 | <500 – 4500 | |||||
526 | 526.5 | 0.5 | <500 – 1200 | |||||
534 | 534.5 | 0.5 | <500 – 520 | |||||
547.5 | 548 | 0.5 | <500 – 510 | |||||
563 | 585 | 22 | <500 – 61000 | |||||
588.5 | 590.5 | 2 | <500 – 36000 | |||||
605.5 | 606 | 0.5 | <500 – 550 | |||||
AR-19-236c1 | 327 | -65 | 660.5 | 133.95 | 465 | 466.5 | 1.5 | <500 – 17500 |
478.5 | 479 | 0.5 | <500 – 510 | |||||
500.5 | 501 | 0.5 | <500 – 2200 | |||||
503.5 | 504 | 0.5 | <500 – 1060 | |||||
515.5 | 521.5 | 6 | <500 – 27500 | |||||
525 | 525.5 | 0.5 | 510 – 1050 | |||||
529.5 | 530 | 0.5 | <500 – 630 | |||||
586.5 | 587 | 0.5 | <500 – 530 | |||||
597 | 597.5 | 0.5 | <500 – 780 | |||||
600.5 | 619.5 | 19 | <500 – 61000 | |||||
624 | 624.5 | 0.5 | <500 – 850 | |||||
628.5 | 629.5 | 1 | <500 – 1200 | |||||
633.5 | 634 | 0.5 | <500 – 760 | |||||
637.5 | 642 | 4.5 | <500 – 1650 | |||||
660 | 660.5 | 0.5 | <500 – 1070 | |||||
AR-19-236c2 | 327 | -65 | 321.5 | N/A | 457 | 457.5 | 0.5 | <500 – 5000 |
465 | 465.5 | 0.5 | <500 – 1170 | |||||
468.5 | 469 | 0.5 | <500 – 2650 | |||||
472.5 | 474 | 1.5 | <500 – 1300 | |||||
478 | 478.5 | 0.5 | <500 – 510 | |||||
486.5 | 487.5 | 1 | <500 – 3330 | |||||
494 | 494.5 | 0.5 | <500 – 1100 | |||||
497 | 497.5 | 0.5 | <500 – 710 | |||||
502 | 502.5 | 0.5 | <500 – 1330 | |||||
509 | 519 | 10 | <500 – 3770 | |||||
522.5 | 530 | 7.5 | <500 – 8900 | |||||
573 | 573.5 | 0.5 | <500 – 520 | |||||
588 | 589 | 1 | <500 – 610 | |||||
600 | 601 | 1 | <500 – 800 | |||||
608.5 | 609 | 0.5 | <500 – 510 | |||||
613 | 617.5 | 4.5 | <500 – 61000 | |||||
621 | 629.5 | 8.5 | <500 – 61000 | |||||
639 | 642 | 3 | <500 – 5700 | |||||
645 | 650.5 | 5.5 | <500 – 7700 | |||||
653.5 | 654 | 0.5 | <500 – 510 | |||||
669.5 | 671 | 1.5 | <500 – 5200 | |||||
Parameters:
- Maximum internal dilution 2.00 m downhole
- All depths and intervals are metres downhole, true thicknesses are yet to be determined
- “Anomalous” means >500 cps (counts per second) total count gamma readings by gamma scintillometer type RS-120
- “Off-scale” means >10,000 cps (counts per second) total count gamma readings by gamma scintillometer type RS-120
- Where “Min cps” is <500 cps, this refers to local low radiometric zones within the overall radioactive interval
- Directional drilling has often resulted in mineralization intersected at a more favourable and shallower dip
About NexGen
NexGen is a British Columbia corporation with a focus on the acquisition, exploration and development of Canadian uranium projects. NexGen has a highly experienced team of uranium industry professionals with a successful track record in the discovery of uranium deposits and in developing projects through discovery to production.
NexGen owns a portfolio of prospective uranium exploration assets in the Athabasca Basin, Saskatchewan, Canada; including a 100% interest in Rook I, location of the Arrow Deposit discovered in February 2014, the Bow discovery in March 2015, the Harpoon discovery in August 2016 and the Arrow South discovery in July 2017. NexGen is the recipient of the PDAC’s 2018 Bill Dennis Award and the 2019 Environmental and Social Responsibility Award.
Technical Disclosure
The technical information in this news release with respect to the PFS has been reviewed and approved by Paul O’Hara, P.Eng. of Wood., David Robson, P.Eng., M.B.A., and Jason Cox, P.Eng. of RPA, each of whom is a “qualified person” under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI-43-101“).
The Mineral Resource Estimate was completed by Mr. Mark Mathisen, C.P.G., Senior Geologist at RPA and Mr. David Ross, P.Geo., Director of Resource Estimation and Principal Geologist at RPA. Both are independent Qualified Persons in accordance with the requirements of National Instrument (NI) 43-101 and they have approved the disclosure herein. All other technical information in this news release has been approved by Mr. Troy Boisjoli, Geoscientist Licensee, Vice President – Operations & Project Development for NexGen. Mr. Boisjoli is a qualified person for the purposes of NI 43-101 and has verified the sampling, analytical, and test data underlying the information or opinions contained herein by reviewing original data certificates and monitoring all of the data collection protocols. All other technical information in this news release has been approved by Mr. James Hatley, a Professional Engineer, Senior Vice-President – Project Development for NexGen. Mr. Hatley is a qualified person for the purposes of NI 43-101 and has reviewed the underlying the information or opinions contained herein on mine design.
A technical report in respect to the PFS 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).
SEC Standards
Estimates of mineralization and other technical information included or referenced in this news release have been prepared in accordance with NI 43-101. The definitions of proven and probable mineral reserves used in NI 43-101 differ from the definitions in SEC Industry Guide 7. Under SEC Industry Guide 7 standards, a “final” or “bankable” feasibility study is required to report reserves, the three-year historical average price is used in any reserve or cash flow analysis to designate reserves and the primary environmental analysis or report must be filed with the appropriate governmental authority. As a result, the reserves reported by the Company in accordance with NI 43-101 may not qualify as “reserves” under SEC standards. In addition, the terms “mineral resource”, “measured mineral resource”, “indicated mineral resource” and “inferred mineral resource” are defined in and required to be disclosed by NI 43-101; however, these terms are not defined terms under SEC Industry Guide 7 and normally are not permitted to be used in reports and registration statements filed with the SEC. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into reserves. “Inferred mineral resources” have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian securities laws, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. Additionally, disclosure of “contained pounds” in a resource is permitted disclosure under Canadian securities laws; however, the SEC normally only permits issuers to report mineralization that does not constitute “reserves” by SEC standards as in place tonnage and grade without reference to unit measurements. Accordingly, information contained or referenced in this news release containing descriptions of the Company’s mineral deposits may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements of United States federal securities laws and the rules and regulations thereunder.
Technical Information
For details of the Rook I Project including the quality assurance program and quality control measures applied and key assumptions, parameters and methods used to estimate the Mineral Resource please refer to the technical report entitled “Arrow Deposit, Rook I Project Saskatchewan NI 43-101 Technical Report on Pre-feasbility Study” dated effective 5 November, 2018 (the “Rook 1 Technical Report”) prepared by Paul O’Hara, P.Eng., Jason J. Cox, P.Eng., David M. Robson, P.Eng., M.B.A., Mark B. Mathisen, C.P.G. each of whom is a “qualified person” under NI 43-101. The Rook I Technical Report is available for review under the Company’s profile on SEDAR at www.sedar.com and EDGAR (www.sec.gov/edgar.shtml) providing details of the Rook I Project including the quality assurance program and quality control measures applied and key assumptions, parameters and methods used to estimate the Mineral Resource and is available on NexGen Energy’s website (www.nexgenenergy.ca).
Forward-Looking Information
The information contained herein contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 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 the activities, events or developments that the Company expects or anticipates will or may occur in the future. 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.
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 proposed transaction will be completed, the results of planned exploration activities are as anticipated, the price 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.
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, 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, imprecision of mineral resource estimates, the appeal of alternate sources of energy and sustained low uranium prices, aboriginal title and consultation issues, exploration risks, 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 licenses, changes in laws, regulations and policy, competition for resources and financing, and other factors discussed or referred to in the Company’s Annual Information Form dated March 4, 2019 under “Risk Factors”.
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 implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.
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.
SOURCE NexGen Energy Ltd.
For further information: Contact Information: Leigh Curyer, Chief Executive Officer, NexGen Energy Ltd., +1 604 428 4112, lcuryer@nexgenenergy.ca, www.nexgenenergy.ca; Travis McPherson, Vice President Corporate Development, NexGen Energy Ltd., +1 604 428 4112, tmcpherson@nexgenenergy.ca, http://www.nexgenenergy.ca
Canada’s Nuclear Summer
There is a lull in the precious metals junior markets and it makes sense for investors to look at a few of the alternatives out there. One of which is nuclear energy.
The world’s demand for electricity is steadily growing. In particular, countries such as India and China are building electrical generation capacity to meet their economy’s demands. While much of that new capacity is being built with modern coal technology, increasingly electricity hungry countries are deploying nuclear power.
Nuclear power has two huge advantages: it is reliable and it does not create either air pollution or CO2 emissions.
The big disadvantages of nuclear power are cost and safety (both real and imagined.) The safety issues have largely been resolved to the satisfaction of governments in places like India, China and Korea. Cost, however, can still be a significant issue. Modern reactor design – both at the large scale and, increasingly, at smaller scales – is addressing the cost issues with techniques like standardization and factory construction. The regulatory schemes in many countries are being designed with efficiency and certainty in mind. All of which reduces the perceived risks of nuclear power and make it significantly less costly to finance.
Running a reactor is relatively inexpensive provided that there is an assured source of fuel – almost always uranium and a high purity moderator – often graphite – is available.
On the uranium side, world demand and supply have been in rough balance for several decades. However, for principally economic reasons, a number of the world’s uranium mines have been shut or put in care and maintenance in the last few years.
As new reactors come online more uranium needs to be mined and the best place in the world to find that uranium is the Athabasca Basin in Saskatchewan. As NexGen Energy (T.NXE) puts it on their website, “The Athabasca Basin is home to the richest endowment of uranium on Earth.”
NexGen has begun the Environmental Assessment process on its Rook 1 Project in the Athabasca. This is a critical step in the process of building a mine at the site.
That assessment will take into account NexGen’s innovative plan to store the tailings of Rook 1 underground thereby reducing the surface footprint of the mine and its environmental impact. A critical consideration given the sheer size of the proposed mine.
At an earlier stage in the discovery process, we have Skyharbour Resources (V.SYH) which has assembled a portfolio of highly prospective properties in the Athabasca Basin and an ensemble of joint venture partners.
Skyharbour has adopted the project generator model which allows it to join with other exploration companies to “work up” properties which it owns. This means that Skyharbour can advance several projects at once while retaining a healthy treasury.
Where NexGen is proceeding to build a uranium mine, Skyharbour is finding the next uranium mine in the Athabasca.
But what about graphite? While most of the excitement around graphite has focussed on batteries graphite is also vital to the nuclear world. However, the graphite required for nuclear reactor moderators has to be very, very pure. Even traces of other elements can ruin “nuclear graphite”.
For a variety of reasons, most nuclear graphite has come from synthetic rather than natural sources. The essential problem being that natural graphite often has impurities which are difficult and expensive to extract.
Synthetic graphite is a man-made substance manufactured by the high-temperature processing of amorphous carbon materials. The primary material used to manufacture synthetic graphite is petroleum coke. Petroleum coke, or pet coke, is the solid carbon residue that remains after the coking process is performed on petroleum residue. The bulk of synthetic graphite has been produced in China however, the Chinese are reducing production because of the really nasty environmental costs associated with that production.
This has left a gap in the market for really high grade, natural, graphite. There are some natural deposits of graphite which have very low levels of impurity and which can be cheaply and effectively upgraded to the .9999 purity required in reactors.
One of those deposits is Canada Carbon’s (V.CCB) Miller hydrothermal lump-vein deposit in Quebec and is being tested as I write. In the next while, the results of those tests will come back and, if the preliminary results are any indication, Canada will have a new, strategic, resource.
The testing is critical because if Canada Carbon’s graphite checks out as nuclear graphite it will have a worldwide market. A market in which high purity graphite sells for super premium rates. Think USD $40,000 per ton.
So, for investors suffering from precious metals fatigue and wary of the Wild West in cannabis, companies like NexGen, Skyharbour and Canada Carbon are worth a look.
NexGen Intersects Continuous and Strong High-Grade Mineralization in all of the Initial A2 Sub-Zone Targets from Feasibility Stage Drilling
NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX: NXE, NYSE MKT: NXE) is pleased to report radioactivity results for the first twenty holes comprising 8,216.5 m from the Company’s first phase of Feasibility-stage drilling program at our 100% owned, Rook I property in the Athabasca Basin Saskatchewan.
Highlights:
Objective I: Conversion of Indicated to Measured in the A2 Sub-Zone
Nineteen targets have been successfully intersected within the A2 Sub-Zone. This current phase of the program focuses on targets intersected at a spacing between 9.0 m and 16.7 m (based on geostatistical data spacing report compiled by Clayton V. Deutsch from Resource Modeling Solutions) for Indicated Mineral Resources to be elevated to a Measured Mineral Resource classification. All drill holes intersected the target between -55° and -60° utilizing the latest in directional drilling technology.
The highlights below include composite and off-scale radioactivity results from the A2 Shear only, for radioactivity results for the entire hole see Table 1: Arrow Deposit Drill Hole Data.
- AR-19-225c1 intersected 38.0 m of total composite mineralization including 10.15 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within a 91.0 m section (529.0 to 620.0 m) in the A2 Sub-Zone. Additionally, of the 10.15 m of off-scale mineralization intersected in the hole 7.0 m of massive-to-semi massive pitchblende with minimum-greater-than-61,000 cps.
- AR-19-224c1 intersected 37.5 m of total composite mineralization including 10.8 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within a 97.0 m section (496.0 to 593.0 m) in the A2 Sub-Zone. Additionally, of the 10.8 m of off-scale mineralization intersected in the hole 4.0 m of massive-to-semi massive pitchblende with minimum-greater-than-61,000 cps.
- AR-19-224c2 intersected 47.0 m of total composite mineralization including 12.55 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within a 98.0 m section (453.0 to 551.0 m) in the A2 Sub-Zone. Additionally, of the 12.55 m of off-scale mineralization intersected in the hole 3.0 m of massive-to-semi massive pitchblende with minimum-greater-than-61,000 cps.
- AR-19-225c2 intersected 35.0 m of total composite mineralization including 11.05 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within a 92.0 m section (540.0 to 632.0 m) in the A2 Sub-Zone. Additionally, of the 11.05 m of off-scale mineralization intersected in the hole 1.5 m of massive-to-semi massive pitchblende with minimum-greater-than-61,000 cps.
- AR-19-223c2 intersected 43.5 m of total composite mineralization including 5.5 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within a 97.0 m section (486.0 to 583.0 m) in the A2 Sub-Zone. Additionally, of the 5.5 m of off-scale mineralization intersected in the hole 1.5 m of massive-to-semi massive pitchblende with minimum-greater-than-61,000 cps.
- AR-19-227c2 intersected 54.0 m of total composite mineralization including 9.75 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within a 98.0 m section (419.0 to 517.0 m) in the A2 Sub-Zone. Additionally, of the 9.75 m of off-scale mineralization intersected in the hole 0.5 m of massive-to-semi massive pitchblende with minimum-greater-than-61,000 cps.
- AR-19-228c1 intersected 36.0 m of total composite mineralization including 4.25 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within an 87.0 m section (569.0 to 656.0 m) in the A2 Sub-Zone. Additionally, of the 4.25 m of off-scale mineralization intersected in the hole 0.5 m of massive-to-semi massive pitchblende with minimum-greater-than-61,000 cps.
- AR-19-226c1 intersected 46.0 m of total composite mineralization including 6.4 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within a 100.0 m section (447.0 to 547.0 m) in the A2 Sub-Zone.
- AR-19-233c2 intersected 49.0 m of total composite mineralization including 9.45 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within a 99.0 m section (414.0 to 513.0 m) in the A2 Sub-Zone.
Drill hole locations and schematics are shown in Figures 1 and 2. Drill hole descriptions can be found at www.nexgenenergy.ca
Development, Activities & Financial
- Expediting Arrow to Feasibility by initiation of a 2-stage 125,000m (10 rig) high density drilling program that commenced in mid-December 2018 to focus on mine optimization plans based on Measured and Indicated mineral resources.
- The Company has approximately $100 million in the treasury which fully funds NexGen for all drilling, feasibility and development programs planned this year.
Leigh Curyer, Chief Executive Officer, commented: “This development focused drilling continually highlights the incredible nature and strength of Arrow in terms of the continuity of high grade uranium. Intersecting the type of mineralization reported in today’s release with such regularity is simply unique and continually increases the technical strength of Arrow. We look forward to delivering the results of the 10 rig program throughout 2019.”
Troy Boisjoli, Vice-President, Operations and Project Development, commented: “These results demonstrate the confidence in the continuation of high-grade uranium mineralization within the A2 Sub-Zone. This initial release is just the beginning of what will surely be another highly successful 2019 program as the Company moves towards completing the Feasibility Study which will incorporate an updated mineral resource estimate based on the 2019 drill campaign which is the largest in the Company’s history.”
Table 1: Arrow Deposit Drill Hole Data
Drill Hole | Athabasca Group – | Handheld Scintillometer Results (RS-120) | ||||||
Hole ID | Azimuth | Dip | Total | From | To | Width | CPS Range | |
AR-19-221c1 | 327 | -65 | 576 | 129.5 | 432.5 | 433.5 | 1 | <500 – 990 |
442.5 | 446 | 3.5 | <500 – 1100 | |||||
448.5 | 449 | 0.5 | <500 – 620 | |||||
478.5 | 479.5 | 1 | <500 – 580 | |||||
485 | 486 | 1 | <500 – 780 | |||||
495.5 | 497.5 | 2 | <500 – 1340 | |||||
506.5 | 507 | 0.5 | <500 – 670 | |||||
511 | 517.5 | 6.5 | <500 – 2200 | |||||
524.5 | 549 | 24.5 | <500 – 61000 | |||||
554.5 | 555 | 0.5 | <500 – 1180 | |||||
AR-19-221c2 | 327 | -65 | 597.5 | N/A | 426.5 | 430.5 | 4 | <500 – 2100 |
437.5 | 438 | 0.5 | <500 – 680 | |||||
484 | 484.5 | 0.5 | <500 – 1100 | |||||
495.5 | 501 | 5.5 | <500 – 1000 | |||||
506 | 522.5 | 16.5 | <500 – 1500 | |||||
540 | 559.5 | 19.5 | <500 – 61000 | |||||
562 | 562.5 | 0.5 | <500 – 1200 | |||||
591.5 | 592 | 0.5 | <500 – 550 | |||||
AR-19-222c1 | 327 | -65 | 597.5 | 133.45 | 401.5 | 404 | 2.5 | <500 – 1400 |
422 | 425.5 | 3.5 | <500 – 2600 | |||||
437.5 | 439 | 1.5 | <500 – 10800 | |||||
447 | 447.5 | 0.5 | <500 – 1000 | |||||
450.5 | 482 | 31.5 | <500 – 7400 | |||||
494.5 | 551 | 56.5 | <500 – 61000 | |||||
557.5 | 559 | 1.5 | <500 – 3720 | |||||
577 | 577.5 | 0.5 | <500 – 560 | |||||
AR-19-222c2 | 327 | -65 | 594 | N/A | 412.5 | 413 | 0.5 | <500 – 1100 |
417.5 | 418 | 0.5 | <500 – 2800 | |||||
433 | 437.5 | 4.5 | <500 – 1350 | |||||
443.5 | 453.5 | 10 | <500 – 32000 | |||||
456 | 457.5 | 1.5 | <500 – 2100 | |||||
461.5 | 463 | 1.5 | <500 – 3000 | |||||
466 | 471 | 5 | <500 – 6900 | |||||
474.5 | 478 | 3.5 | <500 – 1600 | |||||
480.5 | 490 | 9.5 | <500 – 1150 | |||||
492.5 | 493 | 0.5 | <500 – 1250 | |||||
497 | 523 | 26 | <500 – 61000 | |||||
528.5 | 538.5 | 10 | <500 – 37000 | |||||
543.5 | 546.5 | 3 | <500 – 18600 | |||||
AR-19-223c1 | 327 | -65 | 588 | 133.6 | 435 | 438.5 | 3.5 | <500 – 1300 |
446 | 449.5 | 3.5 | <500 – 2700 | |||||
453 | 460 | 7 | <500 – 6900 | |||||
464.5 | 468 | 3.5 | <500 – 3800 | |||||
474 | 476.5 | 2.5 | <500 – 1400 | |||||
485.5 | 486 | 0.5 | 900 – 1280 | |||||
490 | 495.5 | 5.5 | <500 – 5500 | |||||
498.5 | 503.5 | 5 | <500 – 1380 | |||||
509.5 | 519.5 | 10 | <500 – 3000 | |||||
522.5 | 528.5 | 6 | <500 – 1300 | |||||
532 | 549 | 17 | <500 – 61000 | |||||
553 | 556.5 | 3.5 | <500 – 3800 | |||||
559 | 560.5 | 1.5 | <500 – 4300 | |||||
569 | 570.5 | 1.5 | <500 – 1600 | |||||
AR-19-223c2 | 327 | -65 | 615.5 | N/A | 434.5 | 438 | 3.5 | <500 – 640 |
444.5 | 446 | 1.5 | <500 – 1000 | |||||
451.5 | 453 | 1.5 | <500 – 1700 | |||||
455.5 | 462 | 6.5 | <500 – 17000 | |||||
466.5 | 467.5 | 1 | <500 – 2800 | |||||
473 | 475 | 2 | <500 – 740 | |||||
479 | 483.5 | 4.5 | <500 – 560 | |||||
488 | 491 | 3 | <500 – 1500 | |||||
499 | 502 | 3 | <500 – 1000 | |||||
508.5 | 515 | 6.5 | <500 – 3300 | |||||
539.5 | 552.5 | 13 | <500 – 61000 | |||||
555 | 558 | 3 | <500 – 34200 | |||||
565 | 572 | 7 | <500 – 31000 | |||||
574.5 | 576 | 1.5 | <500 – 870 | |||||
AR-19-223c3 | 327 | -65 | 586.5 | N/A | 417.5 | 418 | 0.5 | <500 – 700 |
425 | 426 | 1 | <500 – 920 | |||||
435 | 444.5 | 9.5 | <500 – 6900 | |||||
452 | 459.5 | 7.5 | <500 – 3300 | |||||
462.5 | 465 | 2.5 | <500 – 1100 | |||||
468.5 | 470.5 | 2 | <500 – 660 | |||||
473 | 476 | 3 | <500 – 5300 | |||||
485 | 490.5 | 5.5 | <500 – 2400 | |||||
493 | 495 | 2 | <500 – 1450 | |||||
498.5 | 517.5 | 19 | <500 – 7000 | |||||
520 | 523.5 | 3.5 | <500 – 1000 | |||||
527 | 551 | 24 | <500 – 61000 | |||||
559.5 | 566 | 6.5 | <500 – 61000 | |||||
570.5 | 573 | 2.5 | <500 – 670 | |||||
AR-19-224c1 | 327 | -65 | 597.5 | 129.45 | 404 | 404.5 | 0.5 | <500 – 640 |
443.5 | 446.5 | 3 | <500 – 1100 | |||||
449 | 449.5 | 0.5 | <500 – 1080 | |||||
452 | 452.5 | 0.5 | <500 – 640 | |||||
455 | 456 | 1 | <500 – 2050 | |||||
465 | 465.5 | 0.5 | <500 – 1370 | |||||
469.5 | 473.5 | 4 | <500 – 1650 | |||||
497.5 | 500.5 | 3 | <500 – 820 | |||||
503 | 506.5 | 3.5 | <500 – 1040 | |||||
510 | 511 | 1 | <500 – 540 | |||||
524.5 | 525 | 0.5 | <500 – 560 | |||||
530 | 533 | 3 | <500 – 710 | |||||
536.5 | 538 | 1.5 | <500 – 2340 | |||||
543.5 | 544.5 | 1 | <500 – 1270 | |||||
548 | 551 | 3 | <500 – 3610 | |||||
554.5 | 575.5 | 21 | <500 – 61000 | |||||
AR-19-224c2 | 327 | -65 | 612.5 | N/A | 441 | 442.5 | 1.5 | <500 – 1850 |
445 | 447.5 | 2.5 | <500 – 1220 | |||||
450 | 453.5 | 3.5 | <500 – 2350 | |||||
470 | 470.5 | 0.5 | <500 – 520 | |||||
476 | 478.5 | 2.5 | <500 – 4100 | |||||
494 | 503 | 9 | <500 – 2800 | |||||
518 | 518.5 | 0.5 | <500 – 600 | |||||
524 | 524.5 | 0.5 | <500 – 530 | |||||
538 | 571.5 | 33.5 | <500 – 61000 | |||||
582 | 585.5 | 3.5 | <500 – 13000 | |||||
AR-19-225c1 | 327 | -65 | 627.5 | 128.7 | 474 | 474.5 | 0.5 | <500 – 630 |
494.5 | 495 | 0.5 | <500 – 520 | |||||
501 | 505 | 4 | <500 – 4500 | |||||
520.5 | 525 | 4.5 | <500 – 1280 | |||||
531 | 531.5 | 0.5 | <500 – 980 | |||||
545 | 546 | 1 | <500 – 1180 | |||||
566.5 | 598.5 | 32 | <500 – 61000 | |||||
AR-19-225c2 | 327 | -65 | 636.5 | N/A | 473.5 | 474.5 | 1 | <500 – 900 |
479.5 | 480.5 | 1 | <500 – 2000 | |||||
563.5 | 593.5 | 30 | <500 – 61000 | |||||
596 | 598 | 2 | <500 – 21000 | |||||
602 | 605 | 3 | <500 – 650 | |||||
AR-19-226c1 | 327 | -65 | 564.5 | 131.5 | 446.5 | 447 | 0.5 | <500 – 740 |
457 | 468.5 | 11.5 | <500 – 1350 | |||||
472.5 | 473.5 | 1 | <500 – 2040 | |||||
482.5 | 483 | 0.5 | <500 – 560 | |||||
491.5 | 503.5 | 12 | <500 – 2240 | |||||
506 | 508.5 | 2.5 | <500 – 3540 | |||||
512.5 | 527.5 | 15 | <500 – 61000 | |||||
536.5 | 539.5 | 3 | <500 – 9300 | |||||
AR-19-226c1a | 327 | -65 | 177 | 144.15 | No Anomalous Radioactivity | |||
AR-19-226c2 | 327 | -65 | 567 | N/A | 453.5 | 454 | 0.5 | <500 – 740 |
457.5 | 458 | 0.5 | <500 – 600 | |||||
463 | 466.5 | 3.5 | <500 – 730 | |||||
474.5 | 475 | 0.5 | <500 – 510 | |||||
489.5 | 492 | 2.5 | <500 – 860 | |||||
497.5 | 522.5 | 25 | <500 – 61000 | |||||
527.5 | 528.5 | 1 | <500 – 1050 | |||||
547 | 548 | 1 | <500 – 2200 | |||||
AR-19-227c1 | 327 | -65 | 525.5 | 138.3 | 442 | 442.5 | 0.5 | <500 – 680 |
445 | 446.5 | 1.5 | <500 – 1200 | |||||
463 | 502.5 | 39.5 | <500 – 61000 | |||||
AR-19-227c2 | 327 | -65 | 540.5 | N/A | 439 | 439.5 | 0.5 | <500 – 720 |
454.5 | 455 | 0.5 | <500 – 860 | |||||
460 | 508.5 | 48.5 | <500 – 61000 | |||||
513 | 517.5 | 4.5 | <500 – 22000 | |||||
AR-19-228c1 | 327 | -65 | 663.5 | 134 | 249 | 249.5 | 0.5 | <500 – 750 |
458 | 477.5 | 19.5 | <500 – 23000 | |||||
480 | 483.5 | 3.5 | <500 – 3510 | |||||
487 | 487.5 | 0.5 | <500 – 3300 | |||||
492 | 492.5 | 0.5 | <500 – 1750 | |||||
505 | 505.5 | 0.5 | <500 – 800 | |||||
512 | 523.5 | 11.5 | <500 – 55300 | |||||
551 | 551.5 | 0.5 | <500 – 650 | |||||
575.5 | 581 | 5.5 | <500 – 1130 | |||||
600.5 | 603 | 2.5 | <500 – 590 | |||||
605.5 | 624.5 | 19 | <500 – 61000 | |||||
629.5 | 632.5 | 3 | <500 – 61000 | |||||
635 | 638 | 3 | <500 – 680 | |||||
646.5 | 649 | 2.5 | <500 – 890 | |||||
660 | 660.5 | 0.5 | <500 – 700 | |||||
AR-19-228c2 | 327 | -65 | 672.5 | N/A | 459.5 | 469.5 | 10 | <500 – 40000 |
472 | 476 | 4 | <500 – 4400 | |||||
478.5 | 481.5 | 3 | <500 – 1500 | |||||
509.5 | 510.5 | 1 | <500 – 9600 | |||||
515 | 534 | 19 | <500 – 50000 | |||||
598 | 599 | 1 | <500 – 750 | |||||
602 | 603 | 1 | <500 – 970 | |||||
605.5 | 610 | 4.5 | <500 – 1300 | |||||
616.5 | 627 | 10.5 | <500 – 61000 | |||||
630 | 634 | 4 | <500 – 8500 | |||||
638 | 639 | 1 | <500 – 1600 | |||||
641.5 | 654.5 | 13 | <500 – 53000 | |||||
658.5 | 659.5 | 1 | <500 – 700 | |||||
AR-19-233c1 | 327 | -65 | 534.5 | 133.7 | 447.5 | 450.5 | 3 | <500 – 3300 |
453.5 | 491.5 | 38 | <500 – 61000 | |||||
495.5 | 501.5 | 6 | <500 – 920 | |||||
AR-19-233c2 | 327 | -65 | 537.5 | N/A | 457 | 465 | 8 | <500 – 2000 |
467.5 | 481.5 | 14 | <500 – 61000 | |||||
484 | 510.5 | 26.5 | <500 – 61000 | |||||
522.5 | 523 | 0.5 | <500 – 920 | |||||
Parameters:
- Maximum internal dilution 2.00 m downhole
- All depths and intervals are metres downhole, true thicknesses are yet to be determined
- “Anomalous” means >500 cps (counts per second) total count gamma readings by gamma scintillometer type RS-120
- “Off-scale” means >10,000 cps (counts per second) total count gamma readings by gamma scintillometer type RS-120
- Where “Min cps” is <500 cps, this refers to local low radiometric zones within the overall radioactive interval
- Directional drilling has often resulted in mineralization intersected at a more favourable and shallower dip
- Hole AR-19-226c1a was terminated due to deviation in the overburden
About NexGen
NexGen is a British Columbia corporation with a focus on the acquisition, exploration and development of Canadian uranium projects. NexGen has a highly experienced team of uranium industry professionals with a successful track record in the discovery of uranium deposits and in developing projects through discovery to production. NexGen owns a 100% interest in Rook I, location of the Arrow Deposit in the Athabasca Basin, Saskatchewan, Canada and a portfolio of prospective uranium exploration projects throughout northwest Saskatchewan. NexGen is the recipient of the PDAC’s 2018 Bill Dennis Award and the 2019 Environmental and Social Responsibility Award.
Technical Disclosure
The technical information in this news release with respect to the PFS has been reviewed and approved by Paul O’Hara, P.Eng. of Wood., David Robson, P.Eng., M.B.A., and Jason Cox, P.Eng. of RPA, each of whom is a “qualified person” under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI-43-101“).
The Mineral Resource Estimate was completed by Mr. Mark Mathisen, C.P.G., Senior Geologist at RPA and Mr. David Ross, P.Geo., Director of Resource Estimation and Principal Geologist at RPA. Both are independent Qualified Persons in accordance with the requirements of National Instrument (NI) 43-101 and they have approved the disclosure herein. All other technical information in this news release has been approved by Mr. Troy Boisjoli, Geoscientist Licensee, Vice President – Operations & Project Development for NexGen. Mr. Boisjoli is a qualified person for the purposes of NI 43-101 and has verified the sampling, analytical, and test data underlying the information or opinions contained herein by reviewing original data certificates and monitoring all of the data collection protocols. All other technical information in this news release has been approved by Mr. James Hatley, a Professional Engineer, Senior Vice-President – Project Development for NexGen. Mr. Hatley is a qualified person for the purposes of NI 43-101 and has reviewed the underlying the information or opinions contained herein on mine design.
A technical report in respect to the PFS 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).
SEC Standards
Estimates of mineralization and other technical information included or referenced in this news release have been prepared in accordance with NI 43-101. The definitions of proven and probable mineral reserves used in NI 43-101 differ from the definitions in SEC Industry Guide 7. Under SEC Industry Guide 7 standards, a “final” or “bankable” feasibility study is required to report reserves, the three-year historical average price is used in any reserve or cash flow analysis to designate reserves and the primary environmental analysis or report must be filed with the appropriate governmental authority. As a result, the reserves reported by the Company in accordance with NI 43-101 may not qualify as “reserves” under SEC standards. In addition, the terms “mineral resource”, “measured mineral resource”, “indicated mineral resource” and “inferred mineral resource” are defined in and required to be disclosed by NI 43-101; however, these terms are not defined terms under SEC Industry Guide 7 and normally are not permitted to be used in reports and registration statements filed with the SEC. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into reserves. “Inferred mineral resources” have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian securities laws, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. Additionally, disclosure of “contained pounds” in a resource is permitted disclosure under Canadian securities laws; however, the SEC normally only permits issuers to report mineralization that does not constitute “reserves” by SEC standards as in place tonnage and grade without reference to unit measurements. Accordingly, information contained or referenced in this news release containing descriptions of the Company’s mineral deposits may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements of United States federal securities laws and the rules and regulations thereunder.
Technical Information
For details of the Rook I Project including the quality assurance program and quality control measures applied and key assumptions, parameters and methods used to estimate the Mineral Resource please refer to the technical report entitled “Arrow Deposit, Rook I Project Saskatchewan NI 43-101 Technical Report on Pre-feasbility Study” dated effective 5 November, 2018 (the “Rook 1 Technical Report”) prepared by Paul O’Hara, P.Eng., Jason J. Cox, P.Eng., David M. Robson, P.Eng., M.B.A., Mark B. Mathisen, C.P.G. each of whom is a “qualified person” under NI 43-101. The Rook I Technical Report is available for review under the Company’s profile on SEDAR at www.sedar.com and EDGAR (www.sec.gov/edgar.shtml) providing details of the Rook I Project including the quality assurance program and quality control measures applied and key assumptions, parameters and methods used to estimate the Mineral Resource and is available on NexGen Energy’s website (www.nexgenenergy.ca).
Forward-Looking Information
The information contained herein contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 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 the activities, events or developments that the Company expects or anticipates will or may occur in the future. 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.
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 proposed transaction will be completed, the results of planned exploration activities are as anticipated, the price 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.
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, 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, imprecision of mineral resource estimates, the appeal of alternate sources of energy and sustained low uranium prices, aboriginal title and consultation issues, exploration risks, 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 licenses, changes in laws, regulations and policy, competition for resources and financing, and other factors discussed or referred to in the Company’s Annual Information Form dated March 4, 2019 under “Risk Factors”.
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 implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.
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.
SOURCE NexGen Energy Ltd.
For further information: Leigh Curyer, Chief Executive Officer, NexGen Energy Ltd., +1 604 428 4112, lcuryer@nexgenenergy.ca; Travis McPherson, Vice President Corporate Development, NexGen Energy Ltd., +1 604 428 4112, tmcpherson@nexgenenergy.ca; www.nexgenenergy.ca
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NexGen Announces Appointment of Brad Wall, the Former Premier of Saskatchewan, to its Board of Directors
NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX:NXE, NYSE MKT:NXE) is pleased to announce the appointment of former Saskatchewan Premier Mr. Brad Wall to the Company’s Board of Directors. This appointment coincides with the retirement from the NexGen Board of Craig Parry, Chief Executive Officer of IsoEnergy and founding member of the Board of Directors at NexGen, who is moving onto the Technical Advisory Committee.
Leigh Curyer, Chief Executive Officer, commented: “On behalf of the Executive and Board of NexGen we are very pleased to welcome Mr. Brad Wall. Mr. Wall brings to NexGen extensive national energy policy, political and economic experience and has demonstrated a very strong commitment, results and advocacy in the best interests of Saskatchewan and Canada over his entire career. Mr Wall in his capacity as a director to NexGen is joining a team dedicated to developing a Canadian energy project that will deliver significant generational benefits to Saskatchewan and Canada and set new standards in responsible project development.
I would also like to take the opportunity to thank Craig Parry, one of our founding Directors, for his dedication and support during his tenure as a director. In his capacity as Chief Executive Officer of IsoEnergy, which recently made a significant uranium discovery, we look forward to Craig’s continued valuable contribution to the group as he primarily focuses his efforts on the exciting Hurricane Zone with NexGen being a significant long-term shareholder.”
Brad Wall
As the 14th Premier of Saskatchewan, Mr. Wall brings to NexGen’s Board political experience spanning over a 20 year period. During his tenure as Premier, Mr. Wall led the province to unprecedented economic expansion, strong population and export growth, record infrastructure investment and the first ever and continuing AAA credit for the Province’s finances. Mr. Wall worked successfully with the previous federal government to achieve nuclear cooperation agreements between Canada and both India and China opening up those civilian nuclear energy markets to Canadian uranium. He is an advocate for sustainable, inclusive economic development and provides strategic insight to the energy sector.
About NexGen
NexGen is a British Columbia corporation with a focus on the acquisition, exploration and development of Canadian uranium projects. NexGen has a highly experienced team of uranium industry professionals with a successful track record in the discovery of uranium deposits and in developing projects through discovery to production. NexGen owns a 100% interest in Rook I, location of the Arrow Deposit in the Athabasca Basin, Saskatchewan, Canada and a portfolio of prospective uranium exploration projects throughout northwest Saskatchewan. NexGen is the recipient of the PDAC’s 2018 Bill Dennis Award and the 2019 Environmental and Social Responsibility Award.
Technical Disclosure
The technical information in this news release with respect to the PFS has been reviewed and approved by Paul O’Hara, P.Eng. of Wood., David Robson, P.Eng., M.B.A., and Jason Cox, P.Eng. of RPA, each of whom is a “qualified person” under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI-43-101“).
The Mineral Resource Estimate was completed by Mr. Mark Mathisen, C.P.G., Senior Geologist at RPA and Mr. David Ross, P.Geo., Director of Resource Estimation and Principal Geologist at RPA. Both are independent Qualified Persons in accordance with the requirements of National Instrument (NI) 43-101 and they have approved the disclosure herein. All other technical information in this news release has been approved by Mr. Troy Boisjoli, Geoscientist Licensee, Vice President – Operations & Project Development for NexGen. Mr. Boisjoli is a qualified person for the purposes of NI 43-101 and has verified the sampling, analytical, and test data underlying the information or opinions contained herein by reviewing original data certificates and monitoring all of the data collection protocols. All other technical information in this news release has been approved by Mr. James Hatley, a Professional Engineer, Senior Vice-President – Project Development for NexGen. Mr. Hatley is a qualified person for the purposes of NI 43-101 and has reviewed the underlying the information or opinions contained herein on mine design.
A technical report in respect to the PFS 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).
SEC Standards
Estimates of mineralization and other technical information included or referenced in this news release have been prepared in accordance with NI 43-101. The definitions of proven and probable mineral reserves used in NI 43-101 differ from the definitions in SEC Industry Guide 7. Under SEC Industry Guide 7 standards, a “final” or “bankable” feasibility study is required to report reserves, the three-year historical average price is used in any reserve or cash flow analysis to designate reserves and the primary environmental analysis or report must be filed with the appropriate governmental authority. As a result, the reserves reported by the Company in accordance with NI 43-101 may not qualify as “reserves” under SEC standards. In addition, the terms “mineral resource”, “measured mineral resource”, “indicated mineral resource” and “inferred mineral resource” are defined in and required to be disclosed by NI 43-101; however, these terms are not defined terms under SEC Industry Guide 7 and normally are not permitted to be used in reports and registration statements filed with the SEC. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into reserves. “Inferred mineral resources” have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian securities laws, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. Additionally, disclosure of “contained pounds” in a resource is permitted disclosure under Canadian securities laws; however, the SEC normally only permits issuers to report mineralization that does not constitute “reserves” by SEC standards as in place tonnage and grade without reference to unit measurements. Accordingly, information contained or referenced in this news release containing descriptions of the Company’s mineral deposits may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements of United States federal securities laws and the rules and regulations thereunder.
Technical Information
For details of the Rook I Project including the quality assurance program and quality control measures applied and key assumptions, parameters and methods used to estimate the Mineral Resource please refer to the technical report entitled “Arrow Deposit, Rook I Project Saskatchewan NI 43-101 Technical Report on Pre-feasbility Study” dated effective 5 November, 2018 (the “Rook 1 Technical Report”) prepared by Paul O’Hara, P.Eng., Jason J. Cox, P.Eng., David M. Robson, P.Eng., M.B.A., Mark B. Mathisen, C.P.G. each of whom is a “qualified person” under NI 43-101. The Rook I Technical Report is available for review under the Company’s profile on SEDAR at www.sedar.com and EDGAR (www.sec.gov/edgar.shtml) providing details of the Rook I Project including the quality assurance program and quality control measures applied and key assumptions, parameters and methods used to estimate the Mineral Resource and is available on NexGen Energy’s website (www.nexgenenergy.ca).
Forward-Looking Information
The information contained herein contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 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 the activities, events or developments that the Company expects or anticipates will or may occur in the future. 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.
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 proposed transaction will be completed, the results of planned exploration activities are as anticipated, the price 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.
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, 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, imprecision of mineral resource estimates, the appeal of alternate sources of energy and sustained low uranium prices, aboriginal title and consultation issues, exploration risks, 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 licenses, changes in laws, regulations and policy, competition for resources and financing, and other factors discussed or referred to in the Company’s Annual Information Form dated March 2, 2018 under “Risk Factors”.
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 implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.
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.
SOURCE NexGen Energy Ltd.
For further information: Leigh Curyer, Chief Executive Officer, NexGen Energy Ltd., +1 604 428 4112, lcuryer@nexgenenergy.ca; Travis McPherson, Vice President Corporate Development, NexGen Energy Ltd., +1 604 428 4112, tmcpherson@nexgenenergy.ca, www.nexgenenergy.ca
Wayback Machine: Doug Beattie on NexGen
Back in 2015 Doug Beattie, Cameco’s former chief mining engineer did an interview about NexGen.
“The geometry at Arrow is excellent. Underground mining engineers pray for vertical ore bodies and this is present at Arrow. I have only seen the core photos that NexGen has published on their website and the core looks reasonable. Small stopes similar to Eagle Point are likely in order.
With respect to raiseboring of the high grade, there are multiple ways to attack this geometrically. McArthur River is constrained by the location of the water-bearing sandstone but, being so far down in the basement rock at Arrow, this should not be an issue. No ground freezing is used at Eagle Point and I expect that to be the case at Arrow.” mining.com
Nothing really has changed except that NexGen had drilled a lot more holes to confirm the resource and come up with a cost-effective mine plan. Read the whole thing.
NexGen Commences 125,000 m Feasibility Stage Drilling Program and Technical Studies at the Arrow Deposit
NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX: NXE, NYSE MKT: NXE) is pleased to announce that the largest drill program in the Company’s history focused on optimizing mine development has begun at our 100% owned, Rook I property, in the Athabasca Basin, Saskatchewan. The drill program results will be incorporated into a NI43-101 Bankable Feasibility Study (“FS” or the “Study”), building on the successful outcomes highlighted in the Company’s Pre-Feasibility Study (“PFS”) (see News Release dated November 5, 2018) which demonstrated the Arrow Project to be an exceptional development opportunity for NexGen, Saskatchewan and Canada.
The development optimization program consists of a minimum 125,000 m using 10 diamond drill rigs focusing on three objectives:
- Convert High Grade Indicated Mineral Resources to Measured Mineral Resources: Approximately 71,000 m will be drilled at a spacing sufficient to support the conversion of the currently defined high-grade (“HG”) Indicated Resource (currently 256.6 M lbs of U3O8 contained in 2.89 M tonnes grading 4.03% U3O8) to Measured Resource. Measured Mineral Resources represent the highest level of mineral resource estimate, providing a significant amount of technical detail on the FS mine plan, design and economics.
- Covert Inferred Mineral Resources to Indicated Mineral Resources: Approximately 54,000 m will be drilled to support the conversion of part of the currently defined Inferred Resource (currently 91.7 M lbs of U3O8 contained in 4.84 M tonnes grading 0.86% U3O8) to an Indicated Resource. Further conversion of Inferred to Indicated Mineral Resources will optimise the usable mineral inventory for the FS mine plan which can only incorporate Indicated or higher classification resources in compliance with the NI 43-101 guidelines. Given the strong continuity of mineralization seen at Arrow, the conversion of Inferred to Indicated resources since delineation drilling commenced has been very efficient and predictable.
- Geotechnical and Hydrogeological Characterization: Approximately 12,500 m of the 125,000 m will also incorporate the geotechnical and hydrogeological characterization of the rock mass in the areas of potential mine development and Underground Tailings Management Facility (“UGTMF”). This additional analysis will build upon the significant geotechnical, hydrogeological and metallurgical testing that has been incorporated into the PFS.
The 125,000 m of drilling outlined above will be added to the existing 296,000 m of drill data collected to date by NexGen to form the basis of an FS which will incorporate an updated Mineral Resource Estimate and scheduled for release in H1/2020. The FS will increase design detail to a resolution necessary to support at a minimum a Class 3 cost estimate (AACE International standard). The objectives of the FS are as follows:
- Further optimization of the proposed development of the Arrow Deposit with respect to mine design (stope layouts, development, and production schedule) based on only Measured and Indicated mineral resources,
- Defining a level of design to support the comprehensive Environmental Assessment applications,
- Engaging with construction experts to optimize construction sequencing, utilization of pre-fabrication, offsite module assembly, and identify alternative opportunities to advance project development timelines,
- Continuing the advancement of the UGTMF design to optimize tailings density and further reduce tailings volumes enabling the opportunity to minimize the surface footprint of the mine,
- Leveraging opportunities for capital cost optimization while increasing confidence in the capital and operating cost estimates,
- Integrating innovative but proven mining, milling and environmental technologies and sustainable practices including the evaluation of alternative energy solutions to further increase NexGen’s sustainability commitment.
Drilling program target areas can be found in the figures 1 and 2.
Financial
- The Company has cash on hand of approximately ~$110 million.
Leigh Curyer, President and Chief Executive Officer, commented: “This year’s drill program will be the largest in the Company’s history to date, and reportedly, in Canada for a uranium project in 2019. The team has focused considerable effort into the planning of the drill program and technical studies, which leverages our experience in optimizing mine development, processing and elite environmental management practices. With the opening this week of the new Saskatoon project office, which has been designed at a capacity to take NexGen through to reaching its objective of becoming a major producer of uranium on the world stage, it is very exciting times for the NexGen team and Saskatchewan.”
Troy Boisjoli, Vice-President, Operations and Project Development, commented: “The technical characteristics of the Arrow deposit has allowed for rapid growth and increased confidence through each successive drill program. This is an exciting time at NexGen, focussing on continued advancement of the Arrow deposit through the requisite development stages.”
About NexGen
NexGen is a British Columbia corporation with a focus on the acquisition, exploration and development of Canadian uranium projects. NexGen has a highly experienced team of uranium industry professionals with a successful track record in the discovery of uranium deposits and in developing projects through discovery to production. NexGen owns a portfolio of prospective uranium exploration assets in the Athabasca Basin, Saskatchewan, Canada, including a 100% interest in Rook I, location of the Arrow Deposit in February 2014, the Bow discovery in March 2015, the Harpoon discovery in August 2016 and the Arrow South discovery in July 2017. NexGen is the recipient of the PDAC’s 2018 Bill Dennis Award and the 2019 Environmental and Social Responsibility Award.
Technical Disclosure
Split core samples will be taken systematically, and intervals will be submitted to SRC Geoanalytical Laboratories (an SCC ISO/IEC 17025: 2005 Accredited Facility) of Saskatoon for analysis. All samples sent to SRC will be analyzed using ICP-MS for trace elements on partial and total digestions, ICP-OES for major and minor elements on a total digestion, and fusion solution of boron by ICP-OES. Mineralized samples are analyzed for U3O8 by ICP-OES and select samples for gold by fire assay. Assay results will be released when received and after stringent internal QA/QC protocols are passed.
All scientific and technical information in this news release has been prepared by or reviewed and approved by Mr. Troy Boisjoli, Geoscientist Licensee, Vice President – Operations & Project Development for NexGen. Mr. Boisjoli is a qualified person for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”), and has verified the sampling, analytical, and test data underlying the information or opinions contained herein by reviewing original data certificates and monitoring all of the data collection protocols.
For details of the Rook I Project including the quality assurance program and quality control measures applied and key assumptions, parameters and methods used to estimate the Mineral Resource please refer to the technical report entitled “Technical Report on the Preliminary Economic Assessment of the Arrow Deposit, Rook 1 Property, Province of Saskatchewan, Canada” dated effective September 1, 2017 (the “Rook 1 Technical Report”) prepared by Jason J. Cox, P.Eng., David M. Robson, P.Eng., M.B.A., Mark B. Mathisen, C.P.G., David A. Ross M.Sc., P.Geo., Val Coetzee, M.Eng., Pr.Eng., and Mark Wittrup, M.Sc., P.Eng.,P.Geo. each of whom is a “qualified person” under NI 43-101. The Rook I Technical Report is available for review under the Company’s profile on SEDAR at www.sedar.com. A technical report in respect of the PFS will be filed on SEDAR (www.sedar.com) and EDGAR (www.sec.gov/edgar.shtml) within 45 days from the date of the PFS news release (November 5th, 2018) providing details of the Rook I Project including the quality assurance program and quality control measures applied and key assumptions, parameters and methods used to estimate the Mineral Resource.
U.S. investors are advised that while the terms “indicated resources” and “inferred resources” are recognized and required by Canadian regulations, the U.S. Securities and Exchange Commission does not recognize these terms. U.S. investors are cautioned not to assume that any part or all of the material in these categories will ever be converted into mineral reserves.
SEC Standards
Estimates of mineralization and other technical information included or referenced in this news release have been prepared in accordance with NI 43-101. The definitions of proven and probable mineral reserves used in NI 43-101 differ from the definitions in SEC Industry Guide 7. Under SEC Industry Guide 7 standards, a “final” or “bankable” feasibility study is required to report reserves, the three-year historical average price is used in any reserve or cash flow analysis to designate reserves and the primary environmental analysis or report must be filed with the appropriate governmental authority. As a result, the reserves reported by the Company in accordance with NI 43-101 may not qualify as “reserves” under SEC standards. In addition, the terms “mineral resource”, “measured mineral resource”, “indicated mineral resource” and “inferred mineral resource” are defined in and required to be disclosed by NI 43-101; however, these terms are not defined terms under SEC Industry Guide 7 and normally are not permitted to be used in reports and registration statements filed with the SEC. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into reserves. “Inferred mineral resources” have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian securities laws, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. Additionally, disclosure of “contained pounds” in a resource is permitted disclosure under Canadian securities laws; however, the SEC normally only permits issuers to report mineralization that does not constitute “reserves” by SEC standards as in place tonnage and grade without reference to unit measurements. Accordingly, information contained or referenced in this news release containing descriptions of the Company’s mineral deposits may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements of United States federal securities laws and the rules and regulations thereunder.
Forward-Looking Information
The information contained herein contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 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 the activities, events or developments that the Company expects or anticipates will or may occur in the future. 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.
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 proposed transaction will be completed, the results of planned exploration activities are as anticipated, the price 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.
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, 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, imprecision of mineral resource estimates, the appeal of alternate sources of energy and sustained low uranium prices, aboriginal title and consultation issues, exploration risks, 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 licenses, changes in laws, regulations and policy, competition for resources and financing, and other factors discussed or referred to in the Company’s Annual Information Form dated March 31, 2017 under “Risk Factors”.
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 implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.
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.
SOURCE NexGen Energy Ltd.
For further information: Leigh Curyer, Chief Executive Officer, NexGen Energy Ltd., +1 604 428 4112 lcuryer@nexgenenergy.ca, www.nexgenenergy.ca; Travis McPherson, Vice President Corporate Development, NexGen Energy Ltd., +1 604 428 4112, tmcpherson@nexgenenergy.ca, http://www.nexgenenergy.ca
Related Links
NexGen Releases Project Development-Focused Summer 2018 Drilling Results
NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX: NXE, NYSE MKT: NXE) is pleased to report geotechnical and radioactivity results for twenty-nine holes comprising 20,482.31 m on the Company’s 100% owned Rook I property, in the Athabasca Basin, Saskatchewan. The primary objective of the program was the geotechnical characterization of areas within Arrow’s footwall, lateral development and potential underground infrastructure locations of which results were incorporated into the Pre-Feasibility Study (“PFS”) released on November 5th, 2018. The exploration results of this release which encountered strong mineralized intervals in key areas were not incorporated into the updated Mineral Resource Estimate and PFS results, released on November 5, 2018.
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Highlights:
Geotechnical Characterization of the A2 Sub-Zone
Two holes drilled to geotechnically characterize the rock mass within the A2 sub-zone, underwent dedicated geotechnical logging and packer tests throughout the ore zone to obtain data and analysis of sub-surface conditions within the mine plan. Both holes were collared at a steep inclination, then shallowed out to a dip of approximately 57°.
- GAR-18-016 intersected 38.5 m of total composite mineralization including 10.7 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within a 75 m section (552.0 to 627.0 m) and featured 1.5 m of continuous massive-to-semi massive pitchblende with minimum-greater-than-61,000 cps.
Geotechnical Characterization of the Footwall
Holes targeting the footwall successfully characterized the geotechnical and hydrogeological conditions of the rock-mass proximal to the potential mine infrastructure and Underground Tailings Management Facility (“UGTMF”). Additionally, drilling focused on the sterilization of uranium mineralization within areas that will host project development infrastructure and were all geotechnically logged incorporating packer tests at regular intervals.
- Holes drilled within the footwall of Arrow, in areas of envisioned underground mine infrastructure intersected suitable rock-mass and hydraulic conductivity to facilitate underground development.
- Similarly, holes drilled within the proximity of the UGTMF positively indicated the area contains suitable rock-mass and low hydraulic conductivity to facilitate underground development.
- Importantly, negligible alteration and structure were intersected in proximity of envisioned underground mine infrastructure and UGTMF.
Shaft Pilot Hole Program
Three shaft pilot holes were successfully completed to a depth of between 650 m and 702 m. The vertically drilled shaft holes were kept within a 3.0 m radius from surface through to their termination depths, intersected minimal structure and showed low hydraulic conductivity throughout via packer testing at regular intervals.
- GAR-18-010 targeted shaft location option 1. The hole was successfully completed to a depth of 650 m, intersecting minimal structure within proximity of targeted area in the footwall. A total of 6.0 m of composite uranium mineralization was intersected (549.0 m to 550.0 m) with a maximum radioactivity of 3,900 cps.
- GAR-18-013 targeted shaft location option 2. The hole was successfully completed to a depth of 650 m. Preliminary results indicate the area contains suitable rock-mass and low hydraulic conductivity to facilitate future shaft design.
- A Westbay Water Monitoring System was installed after the hole was completed to allow for continued sampling of the proposed shaft location.
- GAR-18-015 targeted shaft location option 3. The hole was successfully completed to a depth of 702 m, intersecting minimal structure within designed underground mine infrastructure. Preliminary results indicate the area contains suitable rock-mass and low hydraulic conductivity to facilitate a future shaft design.
Exploration, A2 High-Grade Domain
Drilling focused on an under-explored area to the northeast boundary of the currently defined A2 high-grade domain at variable elevations. Drilling resulted in the identification of mineralization between the A2 and A3 shears as well as demonstrating the continuity of high-grade mineralization beyond the currently defined A2 high-grade domains.
- AR-18-220c1 (located 50 m along strike to the northeast of AR-14-30 (10.32% U3O8 over 46.0 m)) intersected 55.5 m of total composite mineralization including 2.25 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within a 109.5 m section (438.5 to 548.0 m) in the A2 shear. The hole demonstrates the continuity of high-grade mineralization beyond the currently defined A2 high-grade domains in the A2 shear.
Drill hole locations and schematics are shown in Figures 1 to 4. Drill hole descriptions can be found at www.nexgenenergy.ca
Leigh Curyer, Chief Executive Officer, commented: “The successful completion of the geotechnical and hydrogeological drilling was highly positive and reflected in the Arrow Project PFS released on November 5, 2018. In addition, the exploration results at Arrow this last summer continue to provide strong upside with respect to areas of potential future resource growth. These results have positively set the foundation for our largest campaign to date at Arrow – a two staged 125,000 m drill program commencing mid-December 2018 through to Q3 2019. The results of this program will then be incorporated into a Feasibility Study scheduled to be released in H1 2020.”
Troy Boisjoli, Vice-President, Operations and Project Development, commented: “The Summer 2018 drill program demonstrated the highly competent geotechnical chartateristics of the Arrow deposit. The team is looking forward to the approaching 125,000 m drill program to further advance and optimize Arrow’s potential mine development profile. Further, the high grade mineralization encountered northeast of the A2 High Grade Domain is a great result providing additional areas to test in the future for potential resource growth.”
Development, Activities & Financial
- Expediting Arrow to Feasibility by initiating a 2-stage 125,000m (10 rig) high density drilling program commencing in mid-December 2018 to focus on mine optimization plans based on Measured and Indicated mineral resources.
- As of October 31, 2018, the Company had cash-on-hand of approximately $125 million which fully funds NexGen for all programs throughout 2019.
Table 1: Arrow Drill Hole Data
Drill Hole | Athabasca Group – Basement Unconformity Depth (m) | Handheld Scintillometer Results (RS-120) | ||||||
Hole ID | Azimuth | Dip | Total Depth (m) | From (m) | To (m) | Width (m) | CPS Range | |
AR-18-210c1 | 327 | -70 | 876.50 | 115.00 | 606.50 | 607.00 | 0.50 | <500 – 1710 |
AR-18-210c2 | 327 | -70 | 957.50 | N/A | 584.50 | 585.00 | 0.50 | <500 – 510 |
AR-18-210c3 | 327 | -70 | 946.00 | N/A | No Anomalous Radioactivity | |||
AR-18-211c1 | 327 | -70 | 1128.50 | N/A | 865.50 | 866.00 | 0.50 | <500 – 1300 |
869.50 | 870.00 | 0.50 | <500 – 610 | |||||
876.00 | 876.50 | 0.50 | <500 – 570 | |||||
961.50 | 962.00 | 0.50 | <500 – 650 | |||||
1089.00 | 1089.50 | 0.50 | <500 – 650 | |||||
AR-18-211c2 | 327 | -70 | 1014.50 | N/A | 660.50 | 661.00 | 0.50 | <500 – 680 |
AR-18-211c3 | 327 | -70 | 1063.50 | N/A | No Anomalous Radioactivity | |||
AR-18-212c1 | 325 | -67 | 807.50 | 97.70 | No Anomalous Radioactivity | |||
AR-18-213c1 | 327 | -65 | 765.50 | 98.85 | No Anomalous Radioactivity | |||
AR-18-214c1 | 327 | -65 | 891.50 | 111.00 | 157.00 | 161.50 | 4.50 | <500 – 4250 |
337.00 | 337.50 | 0.50 | <500 – 970 | |||||
AR-18-215c1 | 327 | -70 | 990.50 | N/A | No Anomalous Radioactivity | |||
AR-18-216c1 | 327 | -65 | 483.50 | 107.40 | No Anomalous Radioactivity | |||
AR-18-217c1 | 327 | -73.5 | 1233.50 | 122.50 | 910.00 | 910.50 | 0.50 | <500 – 560 |
965.00 | 966.00 | 1.00 | 610 – 20000 | |||||
969.50 | 971.00 | 1.50 | <500 – 5200 | |||||
977.50 | 978.50 | 1.00 | <500 – 4600 | |||||
AR-18-218c1 | 327 | -65 | 827.00 | 97.80 | No Anomalous Radioactivity | |||
AR-18-219c1 | 327 | -65 | 663.50 | 133.95 | 342.50 | 347.00 | 4.50 | <500 – 1300 |
353.00 | 354.00 | 1.00 | <500 – 3200 | |||||
359.00 | 369.50 | 10.50 | <500 – 4300 | |||||
375.00 | 375.50 | 0.50 | <500 – 650 | |||||
387.00 | 416.00 | 29.00 | <500 – 3300 | |||||
430.00 | 433.00 | 3.00 | <500 – 1275 | |||||
442.00 | 445.00 | 3.00 | <500 – 1550 | |||||
447.50 | 470.50 | 23.00 | <500 – 5350 | |||||
572.00 | 573.50 | 1.50 | <500 – 4200 | |||||
578.50 | 579.50 | 1.00 | <500 – 680 | |||||
586.50 | 590.00 | 3.50 | <500 – 61000 | |||||
594.00 | 594.50 | 0.50 | <500 – 570 | |||||
602.00 | 605.00 | 3.00 | <500 – 10500 | |||||
611.50 | 612.00 | 0.50 | 1100 – 26700 | |||||
621.00 | 625.50 | 4.50 | <500 – 16500 | |||||
631.00 | 631.50 | 0.50 | <500 – 2310 | |||||
AR-18-220c1 | 327 | -68 | 744.50 | 130.35 | 597.00 | 598.00 | 1.00 | <500 – 1200 |
624.50 | 625.00 | 0.50 | <500 – 1500 | |||||
644.50 | 646.50 | 2.00 | <500 – 1100 | |||||
681.50 | 682.00 | 0.50 | <500 – 660 | |||||
335.50 | 336.00 | 0.50 | <500 – 1150 | |||||
359.50 | 362.00 | 2.50 | <500 – 630 | |||||
368.50 | 373.00 | 4.50 | <500 – 11000 | |||||
375.50 | 380.50 | 5.00 | <500 – 8600 | |||||
383.00 | 392.00 | 9.00 | <500 – 9400 | |||||
396.00 | 410.00 | 14.00 | <500 – 61000 | |||||
419.00 | 419.50 | 0.50 | <500 – 720 | |||||
423.50 | 424.00 | 0.50 | 510 – 850 | |||||
438.50 | 441.00 | 2.50 | <500 – 1280 | |||||
444.50 | 446.50 | 2.00 | <500 – 1100 | |||||
449.00 | 452.50 | 3.50 | <500 – 2200 | |||||
483.00 | 486.00 | 3.00 | <500 – 570 | |||||
488.50 | 491.00 | 2.50 | <500 – 1240 | |||||
502.00 | 508.50 | 6.50 | <500 – 2200 | |||||
512.50 | 548.00 | 35.50 | <500 – 61000 | |||||
579.50 | 594.50 | 15.00 | <500 – 61000 | |||||
AR-18- 220c1a | 327 | -68 | 441.00 | 448.00 | 445.50 | 446.00 | 0.50 | <500 – 530 |
GAR-18-006 | 147 | -80 | 737.40 | 100.80 | 518.00 | 520.50 | 2.50 | <500 – 7000 |
576.00 | 578.00 | 2.00 | <500 – 13000 | |||||
600.00 | 600.50 | 0.50 | <500 – 520 | |||||
GAR-18- 006a | 147 | -80 | 155.40 | 101.00 | No Anomalous Radioactivity | |||
GAR-18-007 | 147 | -68 | 671.40 | 93.00 | No Anomalous Radioactivity | |||
GAR-18-008 | 147 | -65 | 629.60 | 96.05 | 597.00 | 598.50 | 1.50 | <500 – 3500 |
617.50 | 618.00 | 0.50 | <500 – 4250 | |||||
GAR-18-009 | 147 | -70 | 641.40 | 101.00 | No Anomalous Radioactivity | |||
GAR-18-010 | 147 | -90 | 650.44 | 98.00 | 549.00 | 555.00 | 6.00 | <500 – 3900 |
GAR-18-011 | 147 | -65 | 799.50 | 95.05 | No Anomalous Radioactivity | |||
GAR-18-012 | 327 | -75 | 1043.40 | N/A | 564.50 | 565.50 | 1.00 | <500 – 840 |
589.00 | 589.50 | 0.50 | <500 – 530 | |||||
602.50 | 605.00 | 2.50 | <500 – 7550 | |||||
767.00 | 767.50 | 0.50 | <500 – 510 | |||||
GAR-18-013 | 147 | -90 | 650.40 | 108.90 | No Anomalous Radioactivity | |||
GAR-18-014 | 327 | -80 | 659.40 | 101.00 | 346.00 | 346.50 | 0.50 | <500 – 520 |
350.00 | 351.00 | 1.00 | <500 – 1050 | |||||
GAR-18-015 | 147 | -90 | 701.47 | 96.35 | No Anomalous Radioactivity | |||
GAR-18-016 | 327 | -65 | 660.00 | 128.85 | 492.00 | 493.00 | 1.00 | <500 – 1380 |
534.50 | 536.50 | 2.00 | <500 – 830 | |||||
552.00 | 553.00 | 1.00 | <500 – 660 | |||||
579.50 | 607.00 | 27.50 | <500 – 61000 | |||||
617.50 | 627.50 | 10.00 | <500 – 54000 | |||||
GAR-18-017 | 327 | -65 | 717 | 127.75 | 406.50 | 407.50 | 1.00 | <500 – 3600 |
503.50 | 504.00 | 0.50 | <500 – 1100 | |||||
514.50 | 515.00 | 0.50 | <500 – 31000 | |||||
517.50 | 518.00 | 0.50 | <500 – 4800 | |||||
521.50 | 522.00 | 0.50 | <500 – 700 | |||||
530.50 | 531.00 | 0.50 | 2100 – 47700 | |||||
535.50 | 536.50 | 1.00 | <500 – 1300 | |||||
564.00 | 564.50 | 0.50 | <500 – 1800 | |||||
577.50 | 578.50 | 1.00 | <500 – 1900 | |||||
581.50 | 584.00 | 2.50 | <500 – 1700 | |||||
586.50 | 589.50 | 3.00 | <500 – 2500 | |||||
594.50 | 597.00 | 2.50 | <500 – 1500 | |||||
618.50 | 624.00 | 5.50 | <500 – 61000 | |||||
627.00 | 629.50 | 2.50 | <500 – 3400 | |||||
650.50 | 651.50 | 1.00 | <500 – 720 | |||||
654.00 | 656.50 | 2.50 | <500 – 1920 | |||||
660.00 | 661.00 | 1.00 | <500 – 1350 | |||||
666.00 | 667.50 | 1.50 | <500 – 1650 | |||||
Parameters:
- Maximum internal dilution 2.00 m downhole
- All depths and intervals are metres downhole, true thicknesses are yet to be determined
- “Anomalous” means >500 cps (counts per second) total count gamma readings by gamma scintillometer type RS-120
- “Off-scale” means >10,000 cps (counts per second) total count gamma readings by gamma scintillometer type RS-120
- Where “Min cps” is <500 cps, this refers to local low radiometric zones within the overall radioactive interval
- Directional drilling has often resulted in mineralization intersected at a more favourable and shallower dip
About NexGen
NexGen is a British Columbia corporation with a focus on the acquisition, exploration and development of Canadian uranium projects. NexGen has a highly experienced team of uranium industry professionals with a successful track record in the discovery of uranium deposits and in developing projects through discovery to production. NexGen owns a portfolio of prospective uranium exploration assets in the Athabasca Basin, Saskatchewan, Canada, including a 100% interest in Rook I, location of the Arrow Deposit in February 2014, the Bow discovery in March 2015, the Harpoon discovery in August 2016 and the Arrow South discovery in July 2017. NexGen is the recipient of the PDAC’s 2018 Bill Dennis Award and the 2019 Environmental and Social Responsibility Award.
Technical Disclosure
The technical information in this news release with respect to the PFS has been reviewed and approved by Paul O’Hara, P.Eng. of Wood., David Robson, P.Eng., M.B.A., and Jason Cox, P.Eng. of RPA, each of whom is a “qualified person” under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI-43-101“).
The Mineral Resource Estimate was completed by Mr. Mark Mathisen, C.P.G., Senior Geologist at RPA and Mr. David Ross, P.Geo., Director of Resource Estimation and Principal Geologist at RPA. Both are independent Qualified Persons in accordance with the requirements of National Instrument (NI) 43-101 and they have approved the disclosure herein. All other technical information in this news release has been approved by Mr. Troy Boisjoli, Geoscientist Licensee, Vice President – Operations & Project Development for NexGen. Mr. Boisjoli is a qualified person for the purposes of NI 43-101 and has verified the sampling, analytical, and test data underlying the information or opinions contained herein by reviewing original data certificates and monitoring all of the data collection protocols.
A technical report in respect of the PFS will be filed on SEDAR (www.sedar.com) and EDGAR (www.sec.gov/edgar.shtml) within 45 days of this news release.
SEC Standards
Estimates of mineralization and other technical information included or referenced in this news release have been prepared in accordance with NI 43-101. The definitions of proven and probable mineral reserves used in NI 43-101 differ from the definitions in SEC Industry Guide 7. Under SEC Industry Guide 7 standards, a “final” or “bankable” feasibility study is required to report reserves, the three-year historical average price is used in any reserve or cash flow analysis to designate reserves and the primary environmental analysis or report must be filed with the appropriate governmental authority. As a result, the reserves reported by the Company in accordance with NI 43-101 may not qualify as “reserves” under SEC standards. In addition, the terms “mineral resource”, “measured mineral resource”, “indicated mineral resource” and “inferred mineral resource” are defined in and required to be disclosed by NI 43-101; however, these terms are not defined terms under SEC Industry Guide 7 and normally are not permitted to be used in reports and registration statements filed with the SEC. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into reserves. “Inferred mineral resources” have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian securities laws, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. Additionally, disclosure of “contained pounds” in a resource is permitted disclosure under Canadian securities laws; however, the SEC normally only permits issuers to report mineralization that does not constitute “reserves” by SEC standards as in place tonnage and grade without reference to unit measurements. Accordingly, information contained or referenced in this news release containing descriptions of the Company’s mineral deposits may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements of United States federal securities laws and the rules and regulations thereunder.
Technical Information
For details of the Rook I Project including the quality assurance program and quality control measures applied and key assumptions, parameters and methods used to estimate the Mineral Resource please refer to the technical report entitled “Technical Report on the Preliminary Economic Assessment of the Arrow Deposit, Rook 1 Property, Province of Saskatchewan, Canada” dated effective September 1, 2017 (the “Rook 1 Technical Report”) prepared by Jason J. Cox, P.Eng., David M. Robson, P.Eng., M.B.A., Mark B. Mathisen, C.P.G., David A. Ross M.Sc., P.Geo., Val Coetzee, M.Eng., Pr.Eng., and Mark Wittrup, M.Sc., P.Eng.,P.Geo. each of whom is a “qualified person” under NI 43-101. The Rook I Technical Report is available for review under the Company’s profile on SEDAR at www.sedar.com. A technical report in respect of the PFS will be filed on SEDAR (www.sedar.com) and EDGAR (www.sec.gov/edgar.shtml) within 45 days of the PFS news release (November 5th, 2018) providing details of the Rook I Project including the quality assurance program and quality control measures applied and key assumptions, parameters and methods used to estimate the Mineral Resource.
Forward-Looking Information
The information contained herein contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 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 the activities, events or developments that the Company expects or anticipates will or may occur in the future. 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.
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 proposed transaction will be completed, the results of planned exploration activities are as anticipated, the price 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.
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, 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, imprecision of mineral resource estimates, the appeal of alternate sources of energy and sustained low uranium prices, aboriginal title and consultation issues, exploration risks, 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 licenses, changes in laws, regulations and policy, competition for resources and financing, and other factors discussed or referred to in the Company’s Annual Information Form dated March 31, 2017 under “Risk Factors”.
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 implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.
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.
For further information: Leigh Curyer, Chief Executive Officer, NexGen Energy Ltd., +1 604 428 4112, lcuryer@nexgenenergy.ca, www.nexgenenergy.ca; Travis McPherson, Vice President Corporate Development, NexGen Energy Ltd., +1 604 428 4112, tmcpherson@nexgenenergy.ca, http://www.nexgenenergy.ca