NexGen Energy (T.NXE)

T.NXE, NexGenNexGen (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 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.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/nexgen-releases-project-development-focused-summer-2018-drilling-results-300754610.html

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 Honoured to Receive the PDAC’s 2019 Environmental and Social Responsibility Award

NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX: NXE, NYSE MKT: NXE) is pleased to announce it is the recipient of the 2019 Environmental & Social Responsibility Award given by the Prospectors & Developers Association of Canada (“PDAC”), the leading voice of the mineral exploration and development community.

The PDAC Environmental & Social Responsibility award recognizes an organization’s effort in protecting and preserving the natural environment and establishing positive community relations during the exploration phase or operation of a mine.

Leigh Curyer, Chief Executive Officer, commented: “The receipt of this award recognizes NexGen’s commitment to all aspects of its operations, communities and the environment in which it conducts activities. The NexGen team’s culture of creating positive impacts for all reflects our core objective which extends beyond bringing a mine into production. We look forward to expanding the scope and breadth of our programs previously initiated as we head into 2019 conducting the largest campaign since incorporation in 2011. On behalf of the Executive and Board of NexGen, I would like to thank everyone involved for their dedication and conduct in the pursuit of what has been achieved to date and their relentless focus on future initiatives.”

The 41st annual PDAC awards showcase exceptional leaders in the mineral exploration and mining community. Recipients will be celebrated at an Awards Gala & After Party at the Fairmont Royal York Hotel in Toronto on Tuesday, March 5 during the PDAC 2019 Convention.

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.

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.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/nexgen-honoured-to-receive-the-pdacs-2019-environmental-and-social-responsibility-award-300750829.html

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 ANNOUNCES POSITIVE RESULTS FROM ARROW PROJECT STUDIES

VANCOUVERJune 13, 2018 /CNW/ – NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX: NXE) (NYSE MKT: NXE) is pleased to report the positive results from Pre-Feasibility-stage technical studies including metallurgical, geotechnical, and hydrogeological assessments. These studies were conducted on the basement-hosted Arrow Deposit, located on the Company’s 100% owned Rook I project in Saskatchewan’s Athabasca Basin.

Highlights:

Metallurgical Study

The Bench-Scale Metallurgical Study has demonstrated high purity yellowcake product can be produced by using peroxide and MgO. The final product, produced yellowcake, meeting or surpassing industry standards.

  • High recovery rates confirmed.
    • Leaching test samples representing anticipated typical mill feed resulted in 97.6% of uranium was recovered.
    • Optimized solvent extraction (“SX”) resulted in 99.6% of uranium extracted.
  • Strength tests meet or exceed all requirements set forth in the original design for a potential Paste-Backfill to be used for underground stope stability.
    • Paste-Backfill samples composed of representative uranium tailings mixed with binder, underwent an initial 28-day Unconfined Compressive Strength (“UCS”) test with results surpassing the targeted high-strength Backfill of 1.5 MPa outlined in the initial mine design in the Preliminary Economic Assessment.

Geotechnical Study

  • Conventional long-hole stoping mining method confirmed.
    • The geotechnical assessment supports the conventional long-hole stoping mining method including the use of longitudinal and transverse stopes, 30 m level spacing, and the nominal stope strike length of 15 m to 30 m. This represents an excellent stope stability range for underground mining in competent conditions.

Hydrogeological Study

  • Hydraulic conductivity consistent with that predicted in basement rocks.
    • The hydrogeological study measured hydraulic conductivity. Results were as predicted given mineralization is completely hosted in the crystalline basement rocks. Conductivity which measures the presence of water, decreases with depth and is expected to be lowest at depths associated with mine workings.

Underground Tailings Management Facility is displayed in Figure 1 below.

Development, Activities & Financial

  • Pre-feasibility staged technical studies including geotechnical work, hydrogeological work, and metallurgy continue in advance of the updated Mineral Resource Estimate and maiden Pre-Feasibility Study scheduled for the end of Q3 / early Q4 2018.
  • summer drilling program is in the final stages of preparation and will begin imminently.
  • The Company has cash on hand of approximately ~$145 million.

Troy Boisjoli, Vice-President, Operations and Project Development, commented: “Results from the metallurgical study demonstrate high recovery of uranium during the leaching and optimized solvent extraction process. Furthermore, positive results from Paste-Backfill test work has confirmed proof of concept for potential application of an underground tailings management facility. In addition to responsible tailings management, mixing tailings with cement and depositing it back underground will facilitate ongoing and continued reclamation while in operation. Geotechnical results have confirmed the nature of the basement-hosted Arrow Deposit can support conventional long-hole stoping mining methods. The hydrogeological study demonstrates hydraulic conductivity is entirely consistent with that of basement-hosted deposits and is favourable for mine development. With every stage of development NexGen continues to confirm the robustness of the Arrow Project.”

Leigh Curyer, Chief Executive Officer, commented: “Development studies continue to emphasize the unique technical characteristics of the Arrow Project.  These results quantify high recovery rates, non-detect deleterious metals and competency of the basement rocks.  The maiden Pre-Feasibility Study which will incorporate an updated Mineral Resource Estimate is on schedule for release at end of Q3 or early Q4.  In the interim, the summer 2018 drilling program will commence imminently which will continue to focus on determining the overall scale of Arrow and near-Arrow mineralization as well as further define site characterization for development.”

Study Details:

Bench-Scale Metallurgical Study:

Wood PLC (formerly AMEC Foster Wheeler) approved selected drill core samples and interpreted the results. The bench-scale metallurgical samples were analyzed by the Saskatchewan Research Council Laboratories (“SRC”), pilot-scale metallurgical testing is ongoing.

Thirteen composite samples were prepared from the crushed core assay rejects and used for leaching/QEMSCAN/acid generation (PAG)/tailings preparation for paste backfill tests. The samples were blended and homogenized in a mixer to prepare the composite sample.

Paste-Backfill Testing:

  • Testing six varying compositions of representative uranium tailings combined with binder underwent an initial 28-day UCS testing. The most successful of the mixtures came from sample M6, this mixture combined 61.01% uranium tailings with a resulting 2.15 MPa from UCS testing, surpassing the targeted high-strength Backfill of 1.5 MPa.

Modal mineralogy analysis:

  • QEMSCAN analyses on the Medium Grade (“MG”) composite and A1 to A5 individual shear zone samples indicate that uraninite was present as fresh and altered uraninite. No primary Mo-bearing minerals were identified in any samples, and all samples were dominated by clay minerals with uraninite most commonly associated with the clay minerals

Mill work index measurements:

  • Five composite samples were prepared from full diameter NQ core for comminution testing, including SAG mill work index and Bond Ball mill work index “SAGDesinTM tests”. The results categorized the samples as medium hardness materials which indicates standard grinding conditions.

Leaching analysis:

  • Batch leaching on the Medium Grade (“MG”) composite sample (50kg) was performed at baseline conditions to generate adequate quantity of baseline residue and pregnant leach solution (PLS) for the downstream tests. The MG composite sample uranium leaching recovery was 97.6%.

Solvent extraction testing and filtration test:

  • Optimized solvent extraction (“SX”) resulted in 99.6% of U extracted with a phase separation time of 3.1 minutes. The SX testing results on the settling filtrates, which were produced from the settling tests of the leaching slurry at the seven leaching conditions, support optimized leaching conditions for Low Grade, Medium Grade and High Grade samples. Both the U extraction rate (from 98.7% to 99.7%) and the phase separation time (3.7 to 5.9 minutes) were in the expected range.

The Bench-Scale Metallurgical Study has demonstrated high purity yellowcake product can be produced by using peroxide and MgO. The final product produced yellowcake, meeting or surpassing industry standards.

Geotechnical Study:

BGC Engineering Inc. (“BGC”) interpreted results from available geotechnical data, including geo-mechanical property testing completed by SNC Lavalin (Saskatoon, SK) and Golder Associates Ltd. (Burnaby, BC).

Six geotechnical diamond drill holes were completed in the summer of 2017. The holes were designed to characterize the geotechnical and hydrogeological conditions in support of the envisioned Pre-feasibility study (PFS) mine design, targeting:

  • Life-of-mine infrastructure
  • The A2 and A3 shears
  • The crown pillar

The core was logged using the industry standard RMR76 system and Q rating system, and regular point load tests were performed to aid in the determination of intact rock strength. Representative core samples were selected from five of the drill holes and sent to SNC Lavalin (Saskatoon, SK) and Golder Associates Ltd. (Burnaby, BC) for geo-mechanical properties testing. The testing program included unconfined compressive strength, triaxial strength, and tensile strength tests on rock core samples, direct shear tests on discontinuities, index tests on discontinuity infills and X-ray diffraction (XRD) tests on rock specimens. On four of the geotechnical holes, 39 downhole packer tests were completed to measure the hydraulic conductivity in various rock units and along structures and an acoustic televiewer survey was performed to collect in-situ structural measurements. Vibrating wire piezometers were installed in four of the holes to allow for long-term monitoring of water pressures in specific intervals.

In addition to the 2017 data, NexGen provided BGC with a geotechnical data set that was collected using the RMR89 system (termed RMR’) and consists of 178 drill holes within or proximal to the Arrow Deposit. BGC interpreted the available data and proposed eight geotechnical domains:

  1. Overburden (sand, cobbles, boulders)
  2. Cretaceous (siltstone/mudstone/sandstone/coal seams)
  3. Devonian (sandstone)
  4. Athabasca (sandstone)
  5. Paleoweathered basement (gneiss)
  6. Faults and shear zones (gneiss, altered gneiss, +/- mineralization)
  7. Unaltered basement (gneiss)
  8. Altered basement (altered gneiss, +/- mineralization)

Using a 30 m level height, BGC recommends that transverse stopes have a span of 10 m to 15 m, at a stope strike length of (15 to 30 m) (check this is consistent with the bullet point in highlights, respectively. For longitudinal stopes, stope length is limited by the unsupported walls (minimal level of ground support) ranging from 20 m to 30 m, dependant on location. Stope lengths greater than 20 mto 30 m would utilize cable bolt support in the walls.

Hydrogeological Study:

BGC Engineering Inc. (“BGC”) interpreted results from data collected on site by NexGen Energy personnel.

BGC estimated the hydraulic conductivity of the crystalline basement rock from data obtained from the 31 packer tests performed on the geotechnical diamond drill holes.

The hydrogeological investigation indicates the Arrow Deposit has basement hydraulic conductivity values ranging from 5.2×10-10 to 1.7×10-6 m/s. These values are typical of metaphoric, crystalline basement rock.

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. The Arrow deposit’s updated mineral resource estimate with an effective date of December 20, 2016 was released in March 2017, and comprised 179.5 M lbs U3O8 contained in 1.18 Mtonnes grading 6.88% U3O8 in the Indicated Mineral Resource category and an additional 122.1 M lbs U3O8 contained in 4.25 M tonnes grading 1.30% U3O8 in the Inferred Mineral Resource category.

Technical Information

Natural gamma radiation in drill core reported in this news release was measured in counts per second (cps) using a Radiation Solutions Inc. RS-120 gamma-ray scintillometer. The reader is cautioned that total count gamma readings may not be directly or uniformly related to uranium grades of the rock sample measured; they should be used only as a preliminary indication of the presence of radioactive minerals.

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. CoxDavid M. RobsonMark B. MathisenDavid A. RossVal Coetzee and Mark Wittrup, 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.

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.

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.

Cision View original content with multimedia:http://www.prnewswire.com/news-releases/nexgen-announces-positive-results-from-arrow-project-studies-300665494.html

SOURCE NexGen Energy Ltd.

View original content with multimedia: http://www.newswire.ca/en/releases/archive/June2018/13/c7543.html

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. For Media Inquiries: Jonathan Goldberg, KCSA Strategic Communications, +1 212 896 1282, jgoldberg@kcsa.comCopyright CNW Group 2018

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NexGen Makes Significant New Discoveries of Near Arrow Mineralization Northwest and Along Strike in Winter Drill Campaign

VANCOUVERMay 2, 2018 /PRNewswire/ – NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX:NXE, NYSE MKT:NXE)is pleased to report radioactivity results for fifty-four holes comprising 30,208 m from Arrow, South Arrow and regional exploration as part of our now concluded winter drilling program on our 100% owned, Rook I property, in the AthabascaBasin, Saskatchewan.

Highlights:

Discovery of A0 Shear

Follow up drilling to the northwest of the Arrow deposit (where hole GAR-17-001 recently discovered mineralization that returned 8.0 m at 1.43% U3O8) has successfully confirmed mineralization in a new shear named the “A0 Shear”.

  • AR-18-187c3 intersected 33.0 m of total composite mineralization including 0.3 m of total composite off-scale radioactivity (>10,000 to 17,000 cps) within a 67.5 m section (535.5 to 603.0 m) in the A0 shear.

New Mineralization Intersected 160 m Northwest of the AO Shear

Furthermore, the last hole of the 2018 winter program intersected off-scale mineralization 160 m northwest of the A0 shear. This new area of mineralization has yet to be defined, meaning the northwest remains completely open and untested for the future expansion of the Arrow Deposit.

  • AR-18-208c1 intersected 10.5 m of total composite mineralization including 0.2 m of total composite off-scale radioactivity (>10,000 to 32,800 cps) within a 182.5 m section (562.0 to 744.5 mnorthwest of the A0 shear zone.

Mineralization Intersected to the Northeast of the A1 and A2 Shears

Drilling focused to the northeast of the Arrow Deposit, testing 50 m along strike from known mineralization at varying elevations intersected significant mineralization within the A1 and A2 shears. The systematic step-outs to the northeast show that Arrow remains largely open and untested at these elevations in the A1 and A2 shears.

  • AR-18-189c4 intersected 40.0 m of total composite mineralization including 3.9 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within a 54.0 m section (820.0 to 874.0 m) in the A1 and A2 shears. The hole successfully expanded both the A1 and A2 shear zones to the northeast of existing A1 and A2 inferred resource grade shells.

A2 Shear Expansion

  • AR-18-186c1 intersected 28.5 m of total composite mineralization including 5.3 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within a 45.0 m section (507.5 to 552.5 m) in the A2 shear. The hole successfully expanded the thickness of the A2 shear zone to the northeast of the current A2 Inferred resource grade shells.
  • AR-18-200c2 intersected 36.0 m of total composite mineralization including 5.1 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within a 43.0 m section (739 to 782.0 m) in the A2 shear. The hole expanded the thickness of the A2 shear zone, down-dip from the existing A2 high-grade domain.

A3 Shear Infill

Positive infill drill results from the A3 high-grade domains continued, where the objective was to convert Inferred to Indicated Mineral Resources, where the Indicated Mineral Resources only will be incorporated into the Pre-Feasibility Study scheduled for Q3/2018 release.

  • AR-18-202c1 intersected 40.0 m of total composite mineralization including 4.55 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within a 119.5 m section (477.5 to 597.0 m) in the A3 shear. The hole was designed as a 25 m infill hole in the A3 high-grade domain with an objective to convert Inferred to Indicated Mineral Resources.
  • AR-18-186c2 intersected 55.0 m of total composite mineralization including 3.75 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within a 123.0 m section (393.0 to 516.0 m) in the A3 shear. The hole was designed as a 25 m infill hole in the A3 high-grade domain with an objective to convert Inferred to Indicated Mineral Resources.
  • AR-18-197c3 intersected 40.0 m of total composite mineralization including 3.55 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within a 116.5 m section (595.0 to 711.5 m) in the A3 shear. The hole was designed as a 25 m infill hole in the A3 high-grade domain with an objective to convert Inferred to Indicated Mineral Resources.

Regional Exploration

South Arrow

Expansion drilling intersected mineralization including off-scale radioactivity which was 175 m southwest of the main zone of mineralization at South Arrow. The target area remains prospective for future exploration and expansion.

  • AR-18-199c1 intersected 9.5 m of total composite mineralization including 0.1 m of total composite off-scale radioactivity (>10,000 to 13,500 cps) within a 32.5 m section (345.5 to 378.0 m).

Patterson Conductor Corridor

Regional drilling on the Patterson Corridor focused on two high priority target areas, which included Mirror and the Arrow VTEM Conductor. The Mirror target area is located 1.5 km southeast of the Arrow Deposit along a parallel conductor. The drill holes in the area successfully intersected the targeted VTEM conductor but did not encounter significant uranium mineralization. The Arrow Conductor is situated approximately 2.5 km southwest and along strike from the Arrow Deposit, hosted within the same VTEM conductor. Arrow-type silicified semi-pelitic gneiss was intersected throughout in all of the 6 holes drilled in the area. Moderate to intense sericitic alteration, similar to Arrow-type alteration found proximal to the Arrow deposit was intersected in several of the drill holes.

Drill hole locations and long sections are shown in Figures 1 to 4. Drill hole descriptions can be found at www.nexgenenergy.ca

Development, Activities & Financial

  • The Arrow Deposit remains open in most directions, with high potential for future high-grade discoveries in close proximity to existing mineral resources.
  • Pre-feasibility staged technical studies including geotechnical work, hydrogeological work, and metallurgy continue in advance of the updated Mineral Resource Estimate and maiden Pre-Feasibility Study scheduled for the end of Q3 / early Q4 2018.
  • The Company has cash on hand of approximately ~$150 million.

Troy Boisjoli, Vice-President, Operations and Project Development, commented: “The four winter 2018 drill program objectives were successfully reached. Two significant exploration initiatives resulted in the discovery of an A0 shear zone, and secondly testing 160 m northwest of the A0 shear has also intersected intense mineralization within another, yet to be defined zone which remains open. Additionally, expansion of Mineral Resources within the A1 and A2 shear zones from the AR-18-189 series holes demonstrate Arrow remains open on strike. The continued success of resource expansion and near Arrow exploration drilling, from my experience, indicates the absolute scale of the Arrow Deposit will not be fully realized without significantly more drilling and ultimately, not until underground. Furthermore, the infill drilling highlights the robustness of the Arrow Mineral Resource model and has maximized available Indicated Mineral Resources for the purpose of the maiden Pre-Feasibility Study. Regional exploration testing along strike from the Arrow Deposit successfully intersected prospective, Arrow-type alteration and lithological packages which highlights the potential for future discoveries along the Patterson Lake Corridor. The team is looking forward to testing the new A0 shear, northwest of the A0, northeast of the A1 and A2 and to the southwest of Arrow during summer 2018. ”

Leigh Curyer, Chief Executive Officer, commented: “The targeted winter drill campaign focused on converting Inferred to Indicated, expanding the overall footprint in previously untested areas and understanding future growth potential of Arrow. All of these were successfully achieved and with the discovery of the A0, intense mineralization 160m to the northwest of the A0, and to the northeast of the A1 and A2 shears, suggests substantial drilling is required to determine the ultimate extent of Arrow.  Troy and his team are already in planning for a summer 2018 exploration and development program.”

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-18-186c1

330

-68

840.50

132.00

389.00

392.00

3.00

<500 –  33000

405.50

406.00

0.50

<500 –  1020

412.50

413.50

1.00

<500 –  8000

417.00

426.50

9.50

<500 –  9000

430.00

441.50

11.50

<500 –  61000

446.00

446.50

0.50

<500 –  850

454.00

462.50

8.50

<500 –  3800

467.50

469.00

1.50

<500 –  1480

507.50

514.50

7.00

<500 –  1450

531.00

552.50

21.50

<500 –  61000

582.50

583.00

0.50

<500 –  860

585.50

586.00

0.50

<500 –  600

590.00

597.50

7.50

<500 –  61000

666.00

666.50

0.50

<500 –  680

745.00

746.50

1.50

<500 –  1900

AR-18-186c2

330

-68

561.50

N/A

393.00

394.50

1.50

<500 –  1700

406.00

407.00

1.00

<500 –  2300

411.00

411.50

0.50

<500 –  2740

432.00

435.50

3.50

<500 –  12000

442.50

445.00

2.50

<500 –  61000

448.00

452.50

4.50

<500 –  16000

455.50

476.00

20.50

<500 –  61000

479.50

482.50

3.00

<500 –  1720

487.50

488.00

0.50

<500 –  520

492.00

505.00

13.00

<500 –  4700

507.50

508.50

1.00

<500 –  2300

512.50

516.00

3.50

<500 –  1800

550.00

554.00

4.00

<500 –  1250

AR-18-187c1

327

-70

657.50

117.00

237.50

238.00

0.50

<500 –  9400

276.50

308.00

31.50

<500 –  5800

316.00

320.50

4.50

<500 –  2710

325.50

326.00

0.50

<500 –  505

333.00

333.50

0.50

830 –  2690

350.00

350.50

0.50

<500 –  1730

402.50

406.50

4.00

<500 –  850

421.00

423.50

2.50

<500 –  1500

437.00

444.00

7.00

<500 –  1490

478.50

481.50

3.00

<500 –  1100

521.00

523.50

2.50

<500 –  26000

AR-18-187c2

327

-70

930.50

N/A

281.00

283.50

2.50

<500 –  930

301.50

328.50

27.00

<500 –  5230

331.00

331.50

0.50

750 –  1000

335.50

343.00

7.50

<500 –  1160

346.50

347.00

0.50

<500 –  710

356.50

357.00

0.50

<500 –  600

394.50

395.00

0.50

<500 –  900

398.50

399.00

0.50

<500 –  540

405.50

411.00

5.50

<500 –  1100

414.00

431.00

17.00

<500 –  61000

455.50

456.00

0.50

<500 –  520

487.00

495.00

8.00

<500 –  1270

892.50

893.50

1.00

<500 –  780

AR-18-187c3

327

-70

914.50

N/A

280.50

282.00

1.50

<500 –  700

288.00

302.00

14.00

<500 –  6580

309.00

315.50

6.50

<500 –  3400

330.00

347.50

17.50

<500 –  3400

350.50

352.50

2.00

<500 –  1210

359.50

360.50

1.00

<500 –  720

408.50

413.00

4.50

<500 –  1200

426.00

428.50

2.50

<500 –  880

535.50

536.50

1.00

<500 –  690

547.00

548.50

1.50

<500 –  17000

552.50

557.00

4.50

<500 –  3590

559.50

560.50

1.00

<500 –  710

563.50

580.00

16.50

<500 –  2040

583.50

585.50

2.00

<500 –  1260

596.50

603.00

6.50

<500 –  9800

AR-18-187c4

327

-70

918.50

N/A

283.00

330.50

47.50

<500 –  33000

339.50

340.00

0.50

<500 –  550

401.00

404.50

3.50

<500 –  3000

407.50

408.00

0.50

<500 –  720

412.50

417.00

4.50

<500 –  19500

419.50

427.00

7.50

<500 –  27000

448.50

453.00

4.50

<500 –  2800

460.00

460.50

0.50

<500 –  540

675.50

677.50

2.00

<500 –  1600

AR-18-188c1

327

-70

519.00

125.65

420.00

420.50

0.50

<500 –  630

432.00

432.50

0.50

<500 –  680

477.50

478.00

0.50

<500 –  550

483.50

489.00

5.50

<500 –  1800

AR-18-188c2

327

-70

582.00

N/A

428.00

428.50

0.50

<500 –  620

432.50

434.00

1.50

<500 –  1050

486.50

487.00

0.50

<500 –  725

493.00

495.00

2.00

<500 –  15400

500.00

501.50

1.50

<500 –  40000

505.50

507.00

1.50

<500 –  61000

AR-18-188c3

327

-70

597.00

N/A

440.00

440.50

0.50

<500 –  760

443.50

444.50

1.00

<500 –  760

495.50

496.00

0.50

<500 –  510

506.50

512.00

5.50

<500 –  2100

517.00

519.00

2.00

<500 –  9600

521.50

527.00

5.50

<500 –  7800

558.50

559.00

0.50

<500 –  560

AR-18-189c1

327

-70

984.50

128.00

704.00

705.00

1.00

<500 –  1100

855.00

859.00

4.00

<500 –  2258

867.00

871.00

4.00

<500 –  8200

884.50

885.50

1.00

<500 –  1400

AR-18-189c2

327

-70

1056.50

N/A

No Anomalous Radioactivity

AR-18-189c3

327

-70

972.50

N/A

828.50

836.50

8.00

<500 –  4700

843.50

848.00

4.50

<500 –  2200

850.50

855.00

4.50

<500 –  2400

862.50

873.00

10.50

<500 –  5600

879.50

885.00

5.50

<500 –  35000

AR-18-189c4

327

-70

930.50

N/A

820.00

826.00

6.00

<500 –  61000

832.00

852.50

20.50

<500 –  61000

855.50

868.50

13.00

<500 –  18500

873.50

874.00

0.50

<500 –  600

AR-18-189c5

327

-70

915.50

N/A

424.50

425.00

0.50

<500 –  1240

798.50

802.50

4.00

<500 –  24400

807.00

808.50

1.50

<500 –  2000

812.50

813.00

0.50

<500 –  840

816.50

819.50

3.00

<500 –  950

829.50

832.50

3.00

<500 –  8000

836.00

842.00

6.00

<500 –  6800

AR-18-195c1

327

-70

519.50

N/A

395.50

396.00

0.50

<500 –  600

406.50

407.00

0.50

<500 –  1010

409.50

410.50

1.00

<500 –  3700

414.00

415.00

1.00

<500 –  39000

428.50

432.00

3.50

<500 –  61000

436.00

465.00

29.00

<500 –  61000

AR-18-195c2

327

-70

543.50

N/A

405.00

406.00

1.00

<500 –  3000

409.00

409.50

0.50

<500 –  630

415.50

416.00

0.50

<500 –  20000

420.00

421.00

1.00

<500 –  4500

431.00

433.00

2.00

<500 –  61000

441.50

442.00

0.50

<500 –  4800

446.00

451.00

5.00

<500 –  22000

457.00

460.50

3.50

<500 –  33000

463.00

463.50

0.50

<500 –  1700

467.00

469.50

2.50

<500 –  16000

472.50

486.00

13.50

<500 –  61000

AR-18-195c3

327

-70

501.50

N/A

387.00

395.50

8.50

<500 –  3200

398.00

405.00

7.00

<500 –  8000

430.00

433.00

3.00

<500 –  1060

436.00

437.00

1.00

<500 –  1100

AR-18-197c1

327

-70

630.50

N/A

522.50

523.00

0.50

<500 –  580

563.00

564.50

1.50

<500 –  28000

575.50

576.50

1.00

<500 –  60000

582.00

582.50

0.50

<500 –  2050

587.00

591.50

4.50

<500 –  2550

595.50

596.50

1.00

<500 –  1300

606.50

608.50

2.00

<500 –  1400

612.50

618.50

6.00

<500 –  2200

623.00

627.00

4.00

<500 –  830

630.00

630.50

0.50

<500 –  1450

AR-18-197c2

327

-70

813.50

N/A

585.00

585.50

0.50

500 –  20500

594.50

598.00

3.50

<500 –  5800

610.50

620.50

10.00

<500 –  61000

624.00

629.50

5.50

<500 –  2800

690.00

696.50

6.50

<500 –  2700

703.50

704.00

0.50

<500 –  700

719.00

719.50

0.50

<500 –  1150

753.00

753.50

0.50

<500 –  550

765.50

769.50

4.00

<500 –  13200

AR-18-197c3

327

-70

723.50

N/A

549.00

549.50

0.50

<500 –  570

586.00

586.50

0.50

<500 –  7200

589.50

590.50

1.00

<500 –  5800

595.00

596.00

1.00

500 –  61000

620.00

621.00

1.00

<500 –  61000

630.50

631.00

0.50

<500 –  780

634.50

635.00

0.50

<500 –  3200

638.00

655.50

17.50

<500 –  61000

659.00

661.50

2.50

<500 –  7100

666.50

669.00

2.50

<500 –  2550

673.00

674.00

1.00

<500 –  1360

676.50

687.50

11.00

<500 –  1630

703.00

703.50

0.50

<500 –  1000

707.00

708.50

1.50

<500 –  1800

711.00

711.50

0.50

<500 –  530

AR-18-197c4

327

-70

858.50

N/A

607.00

608.50

1.50

<500 –  61000

616.00

616.50

0.50

<500 –  7600

632.50

634.00

1.50

<500 –  61000

641.00

643.00

2.00

<500 –  11500

645.50

646.50

1.00

<500 –  8450

658.50

660.50

2.00

<500 –  1000

664.00

665.00

1.00

<500 –  1400

667.50

668.00

0.50

<500 –  790

674.50

688.50

14.00

<500 –  61000

697.50

698.00

0.50

<500 –  505

744.50

745.00

0.50

<500 –  590

759.00

760.00

1.00

<500 –  2100

784.50

786.50

2.00

<500 –  16600

789.50

790.50

1.00

<500 –  2600

827.00

832.00

5.00

<500 –  13000

835.50

838.00

2.50

<500 –  4100

AR-18-200c1

327

-70

885.50

121.20

489.50

492.50

3.00

<500 –  1900

530.50

531.50

1.00

<500 –  6200

536.00

537.00

1.00

<500 –  3600

606.50

607.00

0.50

<500 –  6500

627.50

629.00

1.50

<500 –  16000

634.50

635.00

0.50

<500 –  1600

645.50

646.00

0.50

<500 –  2000

651.00

651.50

0.50

<500 –  27000

659.00

671.00

12.00

<500 –  5000

674.00

689.50

15.50

<500 –  4700

705.50

710.50

5.00

<500 –  3250

714.00

716.00

2.00

<500 –  2950

728.50

729.00

0.50

<500 –  1290

737.50

740.50

3.00

<500 –  3200

745.50

759.50

14.00

<500 –  61000

763.50

774.00

10.50

<500 –  24000

AR-18-200c2

327

-70

900.00

N/A

531.00

532.00

1.00

<500 –  1100

536.00

536.50

0.50

<500 –  810

644.50

647.50

3.00

<500 –  21000

653.00

653.50

0.50

<500 –  12800

672.50

692.00

19.50

<500 –  3200

702.00

703.50

1.50

<500 –  13000

721.50

736.50

15.00

<500 –  5360

739.00

769.50

30.50

<500 –  61000

772.00

774.00

2.00

<500 –  1010

779.00

782.00

3.00

<500 –  2300

835.00

835.50

0.50

<500 –  690

AR-18-200c3

327

-70

882.50

N/A

618.50

619.00

0.50

<500 –  4400

645.00

645.50

0.50

<500 –  11000

648.50

649.00

0.50

<500 –  2250

653.00

653.50

0.50

<500 –  1100

664.00

664.50

0.50

<500 –  530

667.00

671.00

4.00

<500 –  4300

673.50

675.50

2.00

<500 –  1890

679.00

683.50

4.50

<500 –  15000

693.50

699.50

6.00

<500 –  2500

715.00

726.00

11.00

<500 –  1380

730.50

746.50

16.00

<500 –  2400

758.00

759.50

1.50

<500 –  61000

765.50

770.50

5.00

<500 –  7300

810.00

810.50

0.50

<500 –  650

AR-18-200c4

327

-70

870.50

N/A

503.00

503.50

0.50

<500 –  940

514.50

515.00

0.50

<500 –  1210

521.50

522.00

0.50

<500 –  8750

611.50

616.50

5.00

<500 –  23000

628.50

631.50

3.00

<500 –  5600

634.50

639.00

4.50

<500 –  21000

644.00

644.50

0.50

<500 –  750

649.50

651.50

2.00

<500 –  2220

654.50

656.50

2.00

<500 –  2020

678.00

682.00

4.00

<500 –  3200

724.00

744.00

20.00

<500 –  54000

749.50

761.00

11.50

<500 –  60000

766.00

767.50

1.50

<500 –  3000

773.00

777.00

4.00

<500 –  7100

781.00

788.50

7.50

<500 –  4990

791.50

792.00

0.50

<500 –  820

796.00

799.00

3.00

<500 –  12100

AR-18-202c1

327

-70

600.50

N/A

451.00

452.00

1.00

<500 –  1850

461.50

465.00

3.50

<500 –  7750

473.50

474.50

1.00

<500 –  720

477.50

483.00

5.50

<500 –  30000

485.50

486.50

1.00

<500 –  2100

495.50

509.50

14.00

<500 –  61000

512.00

523.50

11.50

<500 –  61000

528.00

529.00

1.00

<500 –  6000

532.00

536.00

4.00

<500 –  61000

541.00

541.50

0.50

<500 –  15000

550.00

550.50

0.50

<500 –  1100

565.00

566.50

1.50

<500 –  800

596.50

597.00

0.50

<500 –  550

AR-18-202c2

327

-70

621.50

N/A

368.50

369.50

1.00

<500 –  1300

455.50

456.00

0.50

<500 –  620

461.50

468.00

6.50

<500 –  5600

478.50

479.50

1.00

<500 –  1200

483.50

484.50

1.00

<500 –  24000

494.50

495.00

0.50

<500 –  630

504.00

509.50

5.50

<500 –  16000

516.50

517.00

0.50

<500 –  2500

522.00

524.50

2.50

<500 –  39000

528.00

530.00

2.00

<500 –  32000

532.50

533.00

0.50

<500 –  740

543.50

544.50

1.00

<500 –  2800

549.00

552.00

3.00

<500 –  10800

571.50

576.50

5.00

<500 –  61000

580.00

581.00

1.00

<500 –  1700

593.50

595.00

1.50

<500 –  1300

604.50

616.50

12.00

<500 –  7800

AR-18-205c1

355

-70

571.00

103.15

No Anomalous Radioactivity

AR-18-206c1

327

-68

777.50

103.95

501.50

504.00

2.50

<500 –  1000

553.50

557.50

4.00

<500 –  14000

575.50

576.00

0.50

<500 –  1300

584.00

585.50

1.50

<500 –  16000

634.50

635.00

0.50

1000 –  61000

640.00

640.50

0.50

<500 –  600

649.00

657.50

8.50

<500 –  29000

671.50

676.50

5.00

<500 –  34000

681.00

690.00

9.00

<500 –  42000

694.50

695.00

0.50

<500 –  1750

697.50

700.00

2.50

<500 –  4900

712.50

717.50

5.00

<500 –  890

726.00

726.50

0.50

<500 –  2350

732.00

732.50

0.50

<500 –  1150

738.00

738.50

0.50

<500 –  530

742.00

745.50

3.50

<500 –  5300

751.00

751.50

0.50

<500 –  500

761.50

771.00

9.50

<500 –  5200

AR-18-207c1

327

-68

1083.50

123.40

573.00

575.50

2.50

<500 –  4000

580.50

581.00

0.50

<500 –  1900

712.00

712.50

0.50

<500 –  7500

AR-18-208c1

327

-68

802.70

108.15

198.50

199.00

0.50

<500 –  1050

562.00

562.50

0.50

<500 –  1350

598.00

598.50

0.50

<500 –  1170

637.50

638.00

0.50

<500 –  8900

662.00

662.50

0.50

<500 –  600

686.00

688.50

2.50

<500 –  32800

717.50

722.50

5.00

<500 –  1020

743.50

744.50

1.00

<500 –  660

AR-18-209c1

327

-68

762.50

115.60

500.50

507.00

6.50

<500 –  1730

709.00

709.50

0.50

<500 –  580

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

Table 2: South 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-18-190c1

315

-68

348.00

N/A

No Anomalous Radioactivity

AR-18-191c1

315

-70

375.00

N/A

No Anomalous Radioactivity

AR-18-192c1

315

-68

429.00

N/A

300.50

301.00

0.50

<500 –  550

304.00

305.00

1.00

<500 –  970

AR-18-193c1

315

-70

657.50

N/A

No Anomalous Radioactivity

AR-18-194c1

315

-68

555.50

N/A

356.50

357.00

0.50

<500 –  2800

375.50

376.00

0.50

<500 –  505

457.50

458.00

0.50

<500 –  570

470.00

470.50

0.50

<500 –  550

478.00

479.00

1.00

<500 –  850

AR-18-196c1

315

-67

615.50

N/A

No Anomalous Radioactivity

AR-18-198c1

315

-68

543.00

N/A

338.50

339.50

1.00

<500 –  1200

367.50

368.00

0.50

<500 –  600

456.00

458.00

2.00

<500 –  2200

460.50

465.00

4.50

<500 –  3300

468.50

469.00

0.50

<500 –  505

AR-18-199c1

315

-68

567.00

N/A

345.50

347.50

2.00

<500 –  850

350.50

351.00

0.50

<500 –  620

359.50

360.00

0.50

<500 –  580

374.50

378.00

3.50

<500 –  13500

AR-18-199c2

315

-68

486.00

N/A

402.00

402.50

0.50

<500 –  700

AR-18-201c1

315

-66

444.00

N/A

252.00

252.50

0.50

<500 –  630

AR-18-203c1

315

-66

510.50

N/A

253.50

254.00

0.50

<500 –  790

AR-18-204c1

315

-66

524.00

N/A

No Anomalous Radioactivity

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

Table 3: Regional Exploration 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

RK-18-120

140

-70

615.50

N/A

No Anomalous Radioactivity

RK-18-121

340

-70

609.00

N/A

No Anomalous Radioactivity

RK-18-122

320

-70

651.50

N/A

No Anomalous Radioactivity

RK-18-123

340

-70

561.50

N/A

No Anomalous Radioactivity

RK-18-124

340

-67

504.50

N/A

No Anomalous Radioactivity

*RK-18-125

320

-66

496.00

N/A

290.00

291.50

1.50

<500 –  4300

321.00

323.00

2.00

<500 –  2700

RK-18-126

327

-66

532.50

N/A

No Anomalous Radioactivity

RK-18-127

345

-66

423.50

N/A

No Anomalous Radioactivity

RK-18-128

320

-66

407.00

N/A

No Anomalous Radioactivity

RK-18-129

325

-66

399.00

N/A

No Anomalous Radioactivity

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
  • *Mineralization listed in RK-18-125 was determined via a RS-125 Spectrometer to be of a Thorium source.

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. The Arrow deposit’s updated mineral resource estimate with an effective date of December 20, 2016 was released in March 2017, and comprised 179.5 M lbs U3O8 contained in 1.18 M tonnes grading 6.88% U3O8 in the Indicated Mineral Resource category and an additional 122.1 M lbs U3O8 contained in 4.25 M tonnes grading 1.30% U3O8 in the Inferred Mineral Resource category.

Technical Information

Natural gamma radiation in drill core reported in this news release was measured in counts per second (cps) using a Radiation Solutions Inc. RS-120 gamma-ray scintillometer. The reader is cautioned that total count gamma readings may not be directly or uniformly related to uranium grades of the rock sample measured; they should be used only as a preliminary indication of the presence of radioactive minerals.

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. CoxDavid M. RobsonMark B. MathisenDavid A. RossVal Coetzee and Mark Wittrup, 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.

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.

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.

Related Links

www.nexgenenergy.ca

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Uranium Markets Rise

In the Financial Post today there is some excellent analysis (not available online) of the decision of Kazakhstan, the Saudi Arabia of uranium production, to cut its production for the next three years.

“To put Kazakhstan production in context, it represents about four times what Saudi Arabia does to the oil market,” said Travis McPherson, vice president of corporate development at NexGen Energy Ltd., a uranium explorer backed by Hong Kong billionaire Li Ka-shing. “This total cut by Kazakhstan would amount to Saudi Arabia completely coming offline in the oil space.”

The Financial Post goes on to note that the news from Kazakhstan sent shares of uranium producers higher with Cameco up as much as 18% and Denison Mines up as much as 19%.

NexGen (T.NXE) itself went from $2.98 to $3.45 before settling back to trade at $3.40.

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NexGen Appoints Bruce Sprague and Shawn Harriman

NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX:NXE, NYSEMKT:NXE) is pleased to announce the appointment of Bruce Sprague as Chief Financial Officer and Shawn Harriman as Senior Manager, Permitting, Environment and Regulatory Affairs of the Company effective as of November 13, 2017.

Leigh Curyer, Chief Executive Officer of the Company, commented: “These two appointments reflect NexGen’s rapid progression in size and scale of activities as the Company continues to develop Arrow and set elite standards in every aspect of our operations. On behalf of the Board and executive I would like to welcome Bruce and Shawn to the NexGen team. Both bring extensive experience from the top of their respective fields and I look forward to working with both of them on the delivery of NexGen’s objectives.”

Bruce Sprague:

Bruce Sprague was most recently Partner, Canadian Mining and Metals Sector for Ernst & Young and has over 25 years of experience advising multinational and emerging corporations on business issues in a broad range of countries.  Mr. Sprague led key client teams for some the largest Canada-based mining companies on strategic business initiatives and growth platforms.  He is also a frequent lecturer at numerous mining industry forums on a broad range of topics and an author for several publications on tax and mining issues.

Mr. Sprague is currently a member of the Board of Directors of the Association for Mineral Exploration of British Columbia (AMEBC), a member of the Industry Advisory Committee for the UBC Norman B. Keevil Institute of Mining Engineering, a member of the Advisory Council of the Canadian International Resources and Development Institute (CIRDI) and a former member of the Board of Directors for the Prospectors and Developers Association of Canada (PDAC).

Mr. Sprague is a Chartered Accountant, Certified Public Accountant (U.S.), Chartered Financial Planner and holds a Bachelor of Commerce Degree from Carleton University.

Shawn Harriman:

Shawn Harriman has over 10 years experience with Cameco Corp. located in the Athabasca Basin, Saskatchewan where he has developed extensive experience in the areas of environmental management and regulatory affairs. Most recently, Mr. Harriman was Cameco Corp.’s Superintendent, Safety, Health, Radiation, Environment, Quality and Regulatory Affairs. His experience includes implementing and managing environmental monitoring and protection programs and ISO14001 certified environmental management systems at an operational level. As the regulatory point of contact, Mr. Harriman has worked extensively with Provincial and Federal regulatory authorities and has direct experience in the approvals and licensing processes, including management of effluent treatment operations and multiple tailings management facilities.

In addition to his experience in uranium operations, Mr. Harriman previously worked in environmental consulting where he was involved in a number of environmental monitoring and baseline programs for a variety of mining clients throughout Saskatchewan. He holds a degree in Environmental and Conservation Sciences from the University of Alberta.   Mr. Harriman will continue to live and work in Saskatoon.

NexGen also announces that Grace Marosists, current Chief Financial Officer, has become Vice President, Finance and Information Technology at NexGen effective immediately. Grace has overseen the financial reporting function of NexGen from when the Company had a market capitalization of ~$50M to currently ~$1BN and has graduated from the TSX-V to the TSX and a dual NYSE listing. She now takes on an expanded role and responsibility encompassing advanced accounting systems implementation and management for NexGen as the Company advances through development.

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 South Arrow discovery in July 2017. The Arrow deposit’s updated mineral resource estimate with an effective date of December 20, 2016 was released in March 2017, and comprised 179.5 M lbs U3O8 contained in 1.18 M tonnes grading 6.88% U3O8 in the Indicated Mineral Resource category and an additional 122.1 M lbs U3O8 contained in 4.25 M tonnes grading 1.30% U3O8 in the Inferred Mineral Resource category.

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, David M. Robson, Mark B. Mathisen, David A. Ross, Val Coetzee and Mark Wittrup, 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.

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.

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; For Media Inquiries: Jonathan Goldberg, KCSA Strategic Communications, +1 212 896 1282, jgoldberg@kcsa.com

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NexGen Drills Massive Pitchblende at South Arrow

NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX:NXE, NYSEMKT:NXE) is pleased to report radioactivity results for sixteen holes from South Arrow as part of our on-going summer drilling program on our 100% owned, Rook I property, in the Athabasca Basin, Saskatchewan.

South Arrow

Aggressive step out drilling at the recently discovered South Arrow has intersected significant off-scale radioactivity in multiple holes, and has extended the strike length and vertical extent of high grade mineralization to 240 m and 185 m, respectively. High grade uranium mineralization occurs as accumulations of semi-massive to massive pitchblende similar to that seen in the High Grade Domains of the Arrow Deposit.

  • AR-17-166c1 (250 m up-dip and southwest of discovery hole AR-17-151c1) intersected 41.0 m of total composite mineralization including 6.2 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within a 54.0 m section (182.5 to 236.5 m). This is the shallowest significant off-scale mineralization encountered anywhere on the Rook I property.
  • AR-17-160c1 (203 m up-dip and southwest of discovery hole AR-17-151c1) intersected 30.0 m of total composite mineralization including 3.5 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within a 157.0 m section (192.0 to 349.0 m).
  • AR-17-163c1 (190 m up-dip and southwest of discovery hole AR-17-151c1) intersected 23.0 m of total composite mineralization including 2.2 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within a 109.5 m section (162.5 to 272.0 m).

Two diamond drill rigs remain in operation at South Arrow as the Company continues to aggressively and systematically test this encouraging new zone. A total of eighteen assays remain pending.

A South Arrow longitudinal section and plan map with drill hole locations are shown in Figures 1 and 2.

Garrett Ainsworth, Vice-President, Exploration and Development, commented: “Drill hole AR-17-160c1 represents a highly successful 203 m step out to the southwest from the initial discovery hole at South Arrow. The ability to hit high grade mineralization on an aggressive step out of this distance has been a common characteristic of the Arrow Deposit, which is located 400 m to the north of South Arrow on a separate conductor. South Arrow contains a broad alteration halo that surrounds multiple parallel stacked mineralized zones, which are two important features observed at the Arrow Deposit. Hole AR-17-166c1 at South Arrow has encountered the shallowest significant high grade mineralization anywhere on the Rook I property to date.”

Leigh Curyer, Chief Executive Officer, commented: “The scale of these South Arrow results are very exciting considering its very early in the discovery stage. They are unprecedented on the Rook I property and highlight the vast discovery potential of our dominant portfolio in the Southwest Athabasca Basin. An additional 5,000m of drilling has been allocated to South Arrow before the conclusion of the 2017 drilling program.”

Table 1: South Arrow Drill Hole Data

Drill Hole

Athabasca
Group –
Basement
Unconformity
Depth (m)

Handheld Scintillometer Results (RS-120)

Hole ID

Azimuth

(From
Surface)

Dip

(From
Surface)

Total
Depth
(m)

From (m)

To (m)

Width (m)

CPS Range

AR-17-151c3

327

-70

405.00

103.30

280.5

281.5

1

<500 –  18000

     

290.5

292.5

2

<500 –  980

AR-17-152c1

327

-70

456.50

96.40

294.5

296

1.5

<500 –  1000

     

302.5

303

0.5

<500 –  810

AR-17-152c2

327

-70

540.50

96.40

333

337.5

4.5

<500 –  3300

     

341

342

1

<500 –  860

     

387.5

388

0.5

<500 –  520

     

405.5

406

0.5

<500 –  520

     

470.5

471

0.5

<500 –  540

     

481

482

1

<500 –  2200

AR-17-153c1

327

-67

546.00

97.80

373

373.5

0.5

500 –  3000

     

388.5

389

0.5

<500 –  730

     

391.5

393.5

2

<500 –  1100

     

414

417

3

<500 –  21000

     

454.5

455

0.5

<500 –  750

AR-17-153c2

327

-67

558.50

97.80

411

420

9

<500 –  6300

AR-17-157c1

327

-70

597.50

N/A

385

385.5

0.5

<500 –  530

     

388.5

389

0.5

<500 –  1300

     

396

396.5

0.5

<500 –  540

     

488

488.5

0.5

<500 –  530

     

528

528.5

0.5

<500 –  570

     

531.5

532

0.5

<500 –  800

AR-17-157c2

327

-70

639.00

N/A

400.5

402

1.5

<500 –  900

     

535.5

536

0.5

<500 –  700

     

543

544.5

1.5

<500 –  1800

     

547

548

1

<500 –  780

     

561.5

564.5

3

<500 –  680

     

577.5

579

1.5

<500 –  2690

AR-17-158c1

327

-70

600.00

N/A

438.5

439

0.5

<500 –  610

     

445

445.5

0.5

<500 –  950

     

452.5

460.5

8

<500 –  1750

AR-17-158c2

327

-70

579.50

N/A

486.5

488.5

2

<500 –  1450

     

496

497

1

<500 –  800

     

522.5

523

0.5

<500 –  600

AR-17-160c1

327

-68

393.00

97.60

192

211

19

<500 –  48000

     

223.5

233.5

10

<500 –  >61000

     

241.5

242

0.5

<500 –  530

     

348.5

349

0.5

<500 –  3600

AR-17-162c1

315

-68

442.50

96.80

145

145.5

0.5

<500 –  1100

     

156

162

6

<500 –  56000

     

178.5

179

0.5

<500 –  970

     

199

200

1

<500 –  2200

     

254.5

256.5

2

<500 –  15000

AR-17-163c1

315

-68

438.00

96.15

162.5

163

0.5

<500 –  810

     

241.5

262.5

21

<500 –  >61000

     

270.5

272

1.5

<500 –  4650

AR-17-165c1

315

-80

249.00

91.40

116

118

2

<500 –  5800

AR-17-166c1

310

-70

303.00

N/A

182.5

200.5

18

<500 –  42200

     

213.5

236.5

23

<500 –  >61000

AR-17-168c1

315

-68

471.00

N/A

315

316.5

1.5

<500 –  2700

AR-17-169c1

315

-68

345.00

N/A

134.5

135

0.5

<500 –  630

     

138.5

144

5.5

<500 –  >61000

     

152

153.5

1.5

<500 –  15000

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

South Arrow Drilling

AR-17-151c3

Hole AR-17-151c3 was a directional hole that departed pilot hole AR-17-151c1 at a depth of 123 m. It was designed to test the South Arrow zone 30 m above AR-17-151c1. Directional drilling was initiated at 144 m and the mineralized horizons were intersected at an inclination of -61°. Basement lithologies were intersected from the top of hole and dominantly consisted of semi-pelitic gneiss and orthogneiss of variable composition. Several broad deformation zones were encountered throughout. Extensive zones of hydrothermal alteration were also intersected which generally consisted of replacement- and hydrothermal breccia-style clay, chlorite and silicification. The hole intersected visible disseminated, and foliation-controlled pitchblende mineralization in close association with deformation and hydrothermal alteration. A total composite mineralization of 3.0 m including 0.15 m of off-scale radioactivity (>10,000 to 18,000 cps) was intersected within a 12.0 m section (280.5 to 292.5 m) before the hole was terminated at 405 m.

AR-17-152c1

Hole AR-17-152c1 was a directional hole collared from surface at an angled orientation (-70°) to the northwest (327° azimuth). It was designed to test the South Arrow zone 40 m southwest of AR-17-151c1. Directional drilling was initiated at 132 m and the mineralized horizons were intersected at an inclination of -58°. The hole intersected Athabasca Group sandstones between 91.3 m and the unconformity at 96.4 m. Basement lithologies consisted of semi-pelitic gneiss and orthogneiss of variable composition. Several broad deformation zones were encountered throughout. Extensive zones of hydrothermal alteration were also intersected which generally consisted of replacement- and hydrothermal breccia-style clay, chlorite and silicification. The hole intersected disseminated and fracture-hosted pitchblende mineralization in close association with deformation and hydrothermal alteration. A total composite mineralization of 2.0 m was intersected between 294.5 m and 303.0 m. The hole was terminated at 456.5 m.

AR-17-152c2

Hole AR-17-152c2 was a directional hole that departed pilot hole AR-17-152c1 at 148 m. It was designed to test the South Arrow zone 50 m below AR-17-152c1. Directional drilling was initiated at 159 m and the mineralized horizons were intersected at an inclination of -68°. Basement lithologies were intersected from the top of the hole that included semi-pelitic gneiss and orthogneiss of variable composition. Several broad deformation zones were encountered throughout. Extensive zones of hydrothermal alteration were also intersected which generally consisted of replacement- and hydrothermal breccia-style clay, chlorite and silicification. The hole intersected disseminated and fracture-hosted pitchblende mineralization in close association with deformation and hydrothermal alteration. A total composite mineralization of 8.0 m was intersected within a 149.0 m section (333.0 to 482.0 m) before the hole was terminated at 540.5 m.

AR-17-153c1

Hole AR-17-153c1 was a directional hole collared from surface at an angled orientation (-67°) to the northwest (327° azimuth). It was designed to test South Arrow zone 50 m down-dip from AR-17-151c2. Directional drilling was initiated at 126 m and the mineralized horizons were intersected at an inclination of -61°. The hole intersected Athabasca Group sandstones between 94.9 m and the unconformity at 97.8 m.  Basement lithologies consisted of semi-pelitic gneiss and orthogneiss of variable composition. Several broad deformation zones were encountered throughout. Extensive zones of hydrothermal alteration were also intersected which generally consisted of replacement- and hydrothermal breccia-style clay, chlorite and silicification. The hole intersected visible disseminated, fracture-hosted, foliation-controlled, and mineral replacement style pitchblende mineralization in close association with deformation and hydrothermal alteration. A total composite mineralization of 6.5 m including 0.55 m of off-scale radioactivity (>10,000 to 21,000 cps) was intersected within an 82.0 m section (373.0 to 455.0 m). The hole was terminated at 546 m.

AR-17-153c2

Hole AR-17-153c2 was a directional hole that departed pilot hole AR-17-152c1 at 294 m. Directional drilling was initiated at 126 m and the mineralized horizons were intersected at an inclination of -69°. It was designed to test the South Arrow zone 50 m down-dip of AR-17-153c1. Basement lithologies were intersected from the top of the hole that included semi-pelitic gneiss and orthogneiss of variable composition. Several broad deformation zones were encountered throughout. Extensive zones of hydrothermal alteration were also intersected which generally consisted of replacement- and hydrothermal breccia-style clay, chlorite and silicification. The hole intersected disseminated and fracture-hosted pitchblende mineralization in close association with deformation and hydrothermal alteration. Continuous mineralization of 9.0 m was intersected between 411 and 420 m before the hole was terminated at 558.5 m.

AR-17-157c1

Hole AR-17-157c1 was a directional hole collared from surface at an angled orientation (-70°) to the northwest (327° azimuth). It was designed to test the South Arrow zone 50 m down-dip of AR-17-152c2. Directional drilling was initiated at 198 m and the mineralized horizons were intersected at an inclination of -66°. The hole intersected Devonian-aged sandstones between 87.9 m and 93.7 m. No Athabasca Group sandstones were encountered. Basement lithologies consisted of semi-pelitic gneiss and orthogneiss of variable composition. Several broad deformation zones were encountered throughout. Extensive zones of hydrothermal alteration were also intersected which generally consisted of replacement- and hydrothermal breccia-style clay, chlorite and silicification. The hole intersected disseminated and fracture-hosted pitchblende mineralization in close association with deformation and hydrothermal alteration. A total composite mineralization of 3.0 m was intersected within a 147.0 m section (385.0 to 532.0 m) before the hole was terminated at 597.5 m.

AR-17-157c2

Hole AR-17-157c2 was a directional hole that departed pilot hole AR-17-157c1 at 203 m. It was designed to test the South Arrow zone down-dip of AR-17-157c1. Directional drilling was initiated at 264 m and the mineralized horizons were intersected at an inclination of -70°. Basement lithologies were intersected from the top of the hole that included semi-pelitic gneiss and orthogneiss of variable composition. Several broad deformation zones were encountered throughout. Extensive zones of hydrothermal alteration were also intersected which generally consisted of replacement- and hydrothermal breccia-style clay, chlorite and silicification. The hole intersected disseminated and fracture-hosted pitchblende mineralization in close association with deformation and hydrothermal alteration. A total composite mineralization of 9.0 m was intersected within a 178.5 m section (400.5 to 579.0 m) before the hole was terminated at 639.0 m.

AR-17-158c1

Hole AR-17-158c1 was a directional hole collared from surface at an angled orientation (-70°) to the northwest (327° azimuth). It was designed to test the South Arrow zone 50 m down-dip and northeast of AR-17-153c2. Directional drilling was initiated at 150 m and the mineralized horizons were intersected at an inclination of -65°. The hole intersected Cretaceous-aged mudstone between 71.8 m and 90.8 m.  Basement lithologies consisted of semi-pelitic gneiss and orthogneiss of variable composition. Several broad deformation zones were encountered throughout. Extensive zones of hydrothermal alteration were also intersected which generally consisted of replacement- and hydrothermal breccia-style clay, chlorite and silicification. The hole intersected disseminated and fracture-hosted pitchblende mineralization in close association with deformation and hydrothermal alteration. A total composite mineralization of 9.0 m was intersected within a 22.0 m section (438.5.0 to 460.5 m) before the hole was terminated at 600.0 m.

AR-17-158c2

Hole AR-17-158c2 was a directional hole that departed pilot hole AR-17-158c1 at 173 m. It was designed to test the South Arrow discovery 50 m down-dip of AR-17-158c1. Directional drilling was initiated at 189 m and the mineralized horizons were intersected at an inclination of -72°. Basement lithologies were intersected from the top of the hole that included semi-pelitic gneiss and orthogneiss of variable composition. Several broad deformation zones were encountered throughout. Extensive zones of hydrothermal alteration were also intersected which generally consisted of replacement- and hydrothermal breccia-style clay, chlorite and silicification. The hole intersected disseminated and fracture-hosted pitchblende mineralization in close association with deformation and hydrothermal alteration. A total composite mineralization of 3.5 m was intersected within a 36.5 m section (486.5 to 523.0 m) before the hole was terminated at 579.5 m.

AR-17-160c1

Hole AR-17-160c1 was collared from surface at an angled orientation (-68°) to the northwest (327° azimuth). It was designed to test the South Arrow zone 190 m southwest of AR-17-151c3. The hole intersected Athabasca Group sandstones between 92.7 m and the unconformity at 97.6 m.  Basement lithologies consisted of semi-pelitic gneiss and orthogneiss of variable composition. Several broad deformation zones were encountered throughout. Extensive zones of hydrothermal alteration were also intersected which generally consisted of replacement- and hydrothermal breccia-style clay, chlorite and silicification. The hole intersected visible disseminated, vein-style, and semi-massive pitchblende mineralization in close association with deformation and hydrothermal alteration. A total composite mineralization of 30.0 m including 3.5 m of off-scale radioactivity (>10,000 to >61,000 cps) was intersected within a 157.0 m section (192.0 to 349.0 m) before the hole was terminated at 393.0 m.

AR-17-162c1

Hole AR-17-162c1 was collared from surface at an angled orientation (-68°) to the northwest (315° azimuth). It was designed to test the South Arrow zone 40 m up-dip of AR-17-162c1. The hole intersected Athabasca Group sandstones between 96.0 m and the unconformity at 96.9 m. Basement lithologies consisted of semi-pelitic gneiss and orthogneiss of variable composition. Several broad deformation zones were encountered throughout. Extensive zones of hydrothermal alteration were also intersected which generally consisted of replacement- and hydrothermal breccia-style clay, chlorite and silicification. The hole intersected visible disseminated, vein-style, and semi-massive pitchblende mineralization in close association with deformation and hydrothermal alteration. A total composite mineralization of 10.0 m including 0.85 m of off-scale radioactivity (>10,000 to 56,000 cps) was intersected within a 111.5 m section (145.0 to 256.5 m) before the hole was terminated at 442.5 m.

AR-17-163c1

Hole AR-17-163c1 was collared from surface at an angled orientation (-68°) to the northwest (315° azimuth). It was designed to test the South Arrow zone 50 m down-dip of AR-17-160c1. The hole intersected Athabasca sandstone between 92.25 m and the unconformity at 96.2 m.  Basement lithologies consisted of semi-pelitic gneiss and orthogneiss of variable composition. Several broad deformation zones were encountered throughout. Extensive zones of hydrothermal alteration were also intersected which generally consisted of replacement- and hydrothermal breccia-style clay, chlorite and silicification. The hole intersected visible disseminated, vein-style, and semi-massive pitchblende mineralization in close association with deformation and hydrothermal alteration. A total composite mineralization of 23.0 m including 2.2 m of off-scale radioactivity (>10,000 to >61,000 cps) was intersected within a 109.5 m section (162.5 to 272.0 m) before the hole was terminated at 438.0 m.

AR-17-165c1

Hole AR-17-165c1 was collared from surface at a near vertical orientation (-80°) to the northwest (315° azimuth). The primary target was flat lying mineralization at the unconformity 55 m up-dip from AR-17-162c1. Basement-hosted mineralization was also expected immediately below the unconformity. No Athabasca Group sandstones were intersected indicating that the unconformity has been eroded at this location. Basement lithologies consisted of semi-pelitic gneiss and orthogneiss of variable composition. Several broad deformation zones were encountered throughout. Extensive zones of hydrothermal alteration were also intersected which generally consisted of replacement- and hydrothermal breccia-style clay, chlorite and silicification. The hole intersected visible disseminated, and fracture-hosted pitchblende mineralization in close association with deformation and hydrothermal alteration. A total composite mineralization of 2.0 m was intersected between 116.0 m and 118.0 m before the hole was terminated at 249.5 m.

AR-17-166c1

Hole AR-17-166c1 was collared from surface at an angled orientation (-70°) to the northwest (310° azimuth). It was designed to test the South Arrow zone 50 m southwest of AR-17-160c1. Directional drilling was initiated at 120 m and the mineralized zones were intersected at an inclination of -75° The hole intersected basement lithologies beginning at 94.2 m which consisted of semi-pelitic gneiss and orthogneiss of variable composition. Several broad deformation zones were encountered throughout. Extensive zones of hydrothermal alteration were also intersected which generally consisted of replacement- and hydrothermal breccia-style clay, chlorite and silicification. The hole intersected visible disseminated, vein-style, and semi-massive pitchblende mineralization in close association with deformation and hydrothermal alteration. A total composite mineralization of 41.0 m including 6.2 m of off-scale radioactivity (>10,000 to >61,000 cps) was intersected within a 54.0 m section (182.5 to 236.5 m) before the hole was terminated at 303.0 m.

AR-17-168c1

Hole AR-17-168c1 was collared from surface at an angled orientation (-68°) to the northwest (315° azimuth). It was designed to test the South Arrow zone 50 m down-dip from of AR-17-163c2. Directional drilling was initiated at 99 m and the mineralized zone was intersected at an inclination of -55° The hole intersected basement lithologies beginning at 84.4 m which consisted of semi-pelitic gneiss and orthogneiss of variable composition. Several broad deformation zones were encountered throughout. Extensive zones of hydrothermal alteration were also intersected which generally consisted of replacement- and hydrothermal breccia-style clay, chlorite and silicification. The hole intersected visible disseminated mineralization in close association with deformation and hydrothermal alteration. A total composite mineralization of 1.5 m was intersected beginning at 315.0 m before the hole was terminated at 471 m.

AR-17-169c1

Hole AR-17-169c1 was collared from surface at an angled orientation (-68°) to the northwest (315° azimuth). It was designed to test the South Arrow zone 50 m up-dip from of AR-17-160c1. The hole intersected basement lithologies beginning at 96.5 m which consisted of semi-pelitic gneiss and orthogneiss of variable composition. Several broad deformation zones were encountered throughout. Extensive zones of hydrothermal alteration were also intersected which generally consisted of replacement- and hydrothermal breccia-style clay, chlorite and silicification. The hole intersected visible disseminated, vein-style, and semi-massive pitchblende mineralization in close association with deformation and hydrothermal alteration. A total composite mineralization of 7.5 m including 0.5 m of off-scale radioactivity (>10,000 to >61,000 cps) was intersected within a 19.0 m section (134.5 to 153.5 m) before the hole was terminated at 345.0 m.

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 South Arrow discovery in July 2017. The Arrow deposit’s updated mineral resource estimate with an effective date of December 20, 2016 was released in March 2017, and comprised 179.5 M lbs U3O8 contained in 1.18 M tonnes grading 6.88% U3O8 in the Indicated Mineral Resource category and an additional 122.1 M lbs U3O8 contained in 4.25 M tonnes grading 1.30% U3O8 in the Inferred Mineral Resource category.

Technical Information

Natural gamma radiation in drill core reported in this news release was measured in counts per second (cps) using a Radiation Solutions Inc. RS-120 gamma-ray scintillometer. The reader is cautioned that total count gamma readings may not be directly or uniformly related to uranium grades of the rock sample measured; they should be used only as a preliminary indication of the presence of radioactive minerals.

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. Garrett Ainsworth, P.Geo., Vice President – Exploration & Development for NexGen. Mr. Ainsworth 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, David M. Robson, Mark B. Mathisen, David A. Ross, Val Coetzee and Mark Wittrup, 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.

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.

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; For Media Inquiries: Jonathan Goldberg, KCSA Strategic Communications, +1 212 896 1282, jgoldberg@kcsa.com

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NexGen Announces Filing of NI 43-101 Technical Report for the PEA on the Arrow Deposit, Rook I Project

NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX:NXE, NYSE MKT:NXE) is pleased to announce that it has filed a technical report on the Arrow Deposit, Rook I Project (the “Technical Report“) pursuant to National Instrument 43-101 “Standards of Disclosure for Mineral Projects” (“NI 43-101“). The Technical Report supports the disclosure made by the Company in its July 31, 2017 news release announcing the results of the maiden preliminary economic assessment for the Arrow Deposit located on the Company’s 100% owned, Rook I Property.

The Technical Report, bearing an effective date of September 1, 2017, is entitled: “Technical Report on the Preliminary Economic Assessment of the Arrow Deposit, Rook I Property, Province of Saskatchewan, Canada” and was prepared by Mr. Jason J. Cox, P.Eng, Mr. David M. Robson, P.Eng., M.B.A, Mr. Mark B. Mathisen, C.P.G., Mr. David A. Ross, M.Sc., P.Geo., Mr. Val Coetzee, Pr.Eng. and Mr. Mark Wittrup, M.Sc., P.Eng., P.Geo., each of whom is a “qualified person” for the purposes of NI 43-101.

The technical report is available on the Company’s website at www.nexgenenergy.ca and is available under its profile on SEDAR at www.sedar.com and on EDGAR at www.sec.gov/edgar.shtml.

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 the Rook I Property, the location of the Arrow discovery in February 2014, Bow discovery in March 2015, the Harpoon discovery in August 2016 and the Arrow South discovery in July 2017.

SOURCE NexGen Energy Ltd.

For further information: Leigh Curyer, Chief Executive Officer, NexGen Energy Ltd., +1 604 428 4112, lcuryer@nxe-energy.ca, www.nexgenenergy.ca; Travis McPherson, Vice President Corporate Development, NexGen Energy Ltd., +1 604 428 4112, tmcpherson@nxe-energy.ca, http://www.nexgenenergy.ca

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www.nexgenenergy.ca

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NexGen Acquires Remaining 40% Interest in the Dufferin Lake Property

 

NexGen Energy Ltd. (“NexGen” or the “Company“) (TSX:NXE, NYSE: NXE) is pleased to announce that it has entered into a purchase agreement (the “Purchase Agreement“) with Rainmaker Resources Ltd. and Eagle Trail Properties Inc. (collectively, the “Vendors“) to acquire the Vendors’ collective 40% interest in the Dufferin Lake property (the “Property“). Upon closing of the transaction, the Company will hold a 100% interest in the Property. See figure 1 for a map illustrating the location of the Property.

The Company and the Vendors had previously entered into a mineral claim option agreement dated August 4, 2011, pursuant to which the Company acquired a 60% interest in the Property with Rainmaker Resources Ltd. holding a 10% interest and Eagle Trail Properties Inc. holding a 30% interest.

As consideration for the Vendors’ 40% interest in the Property and subject to regulatory approval, the Company will issue 83,333 common shares of the Company to Eagle Trail Properties Inc. and 27,777 common shares to Rainmaker Resources Ltd., representing an aggregate of $320,000 of common shares at a deemed price of $2.88 per common share (calculated as the volume weighted average trading price of the common shares of the Company on the Toronto Stock Exchange (the “TSX“) over the ten trading days immediately prior to the date of the Purchase Agreement).Â

In accordance with applicable securities legislation, the common shares of Company issuable under the Purchase Agreement will be subject to a hold period of four months and one day from the date of closing.

The acquisition is subject to the acceptance of the TSX and approval of NYSE American and is expected to close on or about September 18, 2017.

Dufferin Lake Property

The Dufferin Lake property comprises five contiguous mineral dispositions covering an area of 10,910 hectares. The Property straddles the central south edge of the Athabasca Basin, Northern Saskatchewan, and is located approximately 360 kilometres northwest from the town of La Ronge, Saskatchewan.

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 discovery in February 2014, Bow Discovery in March 2015, the Harpoon discovery in August 2016 and the Arrow South Discovery in July 2017.

This news release shall not constitute an offer to sell or a solicitation of any offer to buy any securities, nor shall there be any sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities referenced herein have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“), and such securities may not be offered or sold within the United States absent registration under the U.S. Securities Act or an applicable exemption from the registration requirements 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, including, without limitation and the receipt of all required regulatory approvals to proposed transaction, including that of the TSX and NYSE American. 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, 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, failure to receive any required regulatory approvals (including stock exchange) or other approvals to the proposed transaction, 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@nxe-energy.ca, www.nexgenenergy.ca; Travis McPherson, Vice President Corporate Development, NexGen Energy Ltd., +1 604 428 4112, tmcpherson@nxe-energy.ca, http://www.nexgenenergy.ca

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www.nexgenenergy.ca

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NexGen says Arrow deposit ‘in a class of its own’ following PEA

VANCOUVER — NexGen Energy (TSX: NXE; NYSE-MKT: NXE) has unveiled its maiden mine plan for the high-profile Rook I uranium project along the southwestern edges of Saskatchewan’s Athabasca Basin.

On July 31, the company released a preliminary economic assessment (PEA) that outlines a 1,450-tonnes-per-day underground mine with a 17-year life. The study estimates initial capital expenditures totalling nearly $1.2 billion. read more at The Northern Miner

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