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.

Click for TMX Money NexGen Energy (T.NXE) stock price

Read more at the company’s website here.


Updates

click the headline


Press Releases

click the headline


The Stream

Everything about NexGen Energy

Canada’s Nuclear Summer

There is a lull in the precious metals junior markets and it makes sense for investors to look at a few of the alternatives out there. One of which is nuclear energy.

The world’s demand for electricity is steadily growing. In particular, countries such as India and China are building electrical generation capacity to meet their economy’s demands. While much of that new capacity is being built with modern coal technology, increasingly electricity hungry countries are deploying nuclear power.

Nuclear power has two huge advantages: it is reliable and it does not create either air pollution or CO2 emissions.

The big disadvantages of nuclear power are cost and safety (both real and imagined.) The safety issues have largely been resolved to the satisfaction of governments in places like India, China and Korea. Cost, however, can still be a significant issue. Modern reactor design – both at the large scale and, increasingly, at smaller scales – is addressing the cost issues with techniques like standardization and factory construction. The regulatory schemes in many countries are being designed with efficiency and certainty in mind. All of which reduces the perceived risks of nuclear power and make it significantly less costly to finance.

Running a reactor is relatively inexpensive provided that there is an assured source of fuel – almost always uranium and a high purity moderator – often graphite – is available.

On the uranium side, world demand and supply have been in rough balance for several decades. However, for principally economic reasons, a number of the world’s uranium mines have been shut or put in care and maintenance in the last few years.

As new reactors come online more uranium needs to be mined and the best place in the world to find that uranium is the Athabasca Basin in Saskatchewan. As NexGen Energy (T.NXE) puts it on their website, “The Athabasca Basin is home to the richest endowment of uranium on Earth.”

NexGen has begun the Environmental Assessment process on its Rook 1 Project in the Athabasca. This is a critical step in the process of building a mine at the site.

That assessment will take into account NexGen’s innovative plan to store the tailings of Rook 1 underground thereby reducing the surface footprint of the mine and its environmental impact. A critical consideration given the sheer size of the proposed mine.

At an earlier stage in the discovery process, we have Skyharbour Resources (V.SYH) which has assembled a portfolio of highly prospective properties in the Athabasca Basin and an ensemble of joint venture partners.

Skyharbour has adopted the project generator model which allows it to join with other exploration companies to “work up” properties which it owns. This means that Skyharbour can advance several projects at once while retaining a healthy treasury.

Where NexGen is proceeding to build a uranium mine, Skyharbour is finding the next uranium mine in the Athabasca.

But what about graphite? While most of the excitement around graphite has focussed on batteries graphite is also vital to the nuclear world. However, the graphite required for nuclear reactor moderators has to be very, very pure. Even traces of other elements can ruin “nuclear graphite”.

For a variety of reasons, most nuclear graphite has come from synthetic rather than natural sources. The essential problem being that natural graphite often has impurities which are difficult and expensive to extract.

Synthetic graphite is a man-made substance manufactured by the high-temperature processing of amorphous carbon materials. The primary material used to manufacture synthetic graphite is petroleum coke. Petroleum coke, or pet coke, is the solid carbon residue that remains after the coking process is performed on petroleum residue. The bulk of synthetic graphite has been produced in China however, the Chinese are reducing production because of the really nasty environmental costs associated with that production.

This has left a gap in the market for really high grade, natural, graphite. There are some natural deposits of graphite which have very low levels of impurity and which can be cheaply and effectively upgraded to the .9999 purity required in reactors.

One of those deposits is Canada Carbon’s (V.CCB) Miller hydrothermal lump-vein deposit in Quebec and is being tested as I write. In the next while, the results of those tests will come back and, if the preliminary results are any indication, Canada will have a new, strategic, resource.

The testing is critical because if Canada Carbon’s graphite checks out as nuclear graphite it will have a worldwide market. A market in which high purity graphite sells for super premium rates. Think USD $40,000 per ton.

So, for investors suffering from precious metals fatigue and wary of the Wild West in cannabis, companies like NexGen, Skyharbour and Canada Carbon are worth a look.

Posted in article | Tagged , , , , , | Leave a comment

NexGen Intersects Continuous and Strong High-Grade Mineralization in all of the Initial A2 Sub-Zone Targets from Feasibility Stage Drilling

NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX: NXE, NYSE MKT: NXE) is pleased to report radioactivity results for the first twenty holes comprising 8,216.5 m from the Company’s first phase of Feasibility-stage drilling program at our 100% owned, Rook I property in the Athabasca Basin Saskatchewan.

Highlights:

Objective I: Conversion of Indicated to Measured in the A2 Sub-Zone

Nineteen targets have been successfully intersected within the A2 Sub-Zone. This current phase of the program focuses on targets intersected at a spacing between 9.0 m and 16.7 m (based on geostatistical data spacing report compiled by Clayton V. Deutsch from Resource Modeling Solutions) for Indicated Mineral Resources to be elevated to a Measured Mineral Resource classification.  All drill holes intersected the target between -55° and -60° utilizing the latest in directional drilling technology.

The highlights below include composite and off-scale radioactivity results from the A2 Shear only, for radioactivity results for the entire hole see Table 1: Arrow Deposit Drill Hole Data.

  • AR-19-225c1 intersected 38.0 m of total composite mineralization including 10.15 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within a 91.0 m section (529.0 to 620.0 m) in the A2 Sub-Zone. Additionally, of the 10.15 m of off-scale mineralization intersected in the hole 7.0 m of massive-to-semi massive pitchblende with minimum-greater-than-61,000 cps.
  • AR-19-224c1 intersected 37.5 m of total composite mineralization including 10.8 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within a 97.0 m section (496.0 to 593.0 m) in the A2 Sub-Zone. Additionally, of the 10.8 m of off-scale mineralization intersected in the hole 4.0 m of massive-to-semi massive pitchblende with minimum-greater-than-61,000 cps.
  • AR-19-224c2 intersected 47.0 m of total composite mineralization including 12.55 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within a 98.0 m section (453.0 to 551.0 m) in the A2 Sub-Zone. Additionally, of the 12.55 m of off-scale mineralization intersected in the hole 3.0 m of massive-to-semi massive pitchblende with minimum-greater-than-61,000 cps.
  • AR-19-225c2 intersected 35.0 m of total composite mineralization including 11.05 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within a 92.0 m section (540.0 to 632.0 m) in the A2 Sub-Zone. Additionally, of the 11.05 m of off-scale mineralization intersected in the hole 1.5 m of massive-to-semi massive pitchblende with minimum-greater-than-61,000 cps.
  • AR-19-223c2 intersected 43.5 m of total composite mineralization including 5.5 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within a 97.0 m section (486.0 to 583.0 m) in the A2 Sub-Zone. Additionally, of the 5.5 m of off-scale mineralization intersected in the hole 1.5 m of massive-to-semi massive pitchblende with minimum-greater-than-61,000 cps.
  • AR-19-227c2 intersected 54.0 m of total composite mineralization including 9.75 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within a 98.0 m section (419.0 to 517.0 m) in the A2 Sub-Zone. Additionally, of the 9.75 m of off-scale mineralization intersected in the hole 0.5 m of massive-to-semi massive pitchblende with minimum-greater-than-61,000 cps.
  • AR-19-228c1 intersected 36.0 m of total composite mineralization including 4.25 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within an 87.0 m section (569.0 to 656.0 m) in the A2 Sub-Zone. Additionally, of the 4.25 m of off-scale mineralization intersected in the hole 0.5 m of massive-to-semi massive pitchblende with minimum-greater-than-61,000 cps.
  • AR-19-226c1 intersected 46.0 m of total composite mineralization including 6.4 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within a 100.0 m section (447.0 to 547.0 m) in the A2 Sub-Zone.
  • AR-19-233c2 intersected 49.0 m of total composite mineralization including 9.45 m of total composite off-scale radioactivity (>10,000 to >61,000 cps) within a 99.0 m section (414.0 to 513.0 m) in the A2 Sub-Zone.

Drill hole locations and schematics are shown in Figures 1 and 2. Drill hole descriptions can be found at www.nexgenenergy.ca

Development, Activities & Financial

  • Expediting Arrow to Feasibility by initiation of a 2-stage 125,000m (10 rig) high density drilling program that commenced in mid-December 2018 to focus on mine optimization plans based on Measured and Indicated mineral resources.
  • The Company has approximately $100 million in the treasury which fully funds NexGen for all drilling, feasibility and development programs planned this year.

Leigh Curyer, Chief Executive Officer, commented: “This development focused drilling continually highlights the incredible nature and strength of Arrow in terms of the continuity of high grade uranium.  Intersecting the type of mineralization reported in today’s release with such regularity is simply unique and continually increases the technical strength of Arrow.  We look forward to delivering the results of the 10 rig program throughout 2019.”

Troy Boisjoli, Vice-President, Operations and Project Development, commented: “These results demonstrate the confidence in the continuation of high-grade uranium mineralization within the A2 Sub-Zone. This initial release is just the beginning of what will surely be another highly successful 2019 program as the Company moves towards completing the Feasibility Study which will incorporate an updated mineral resource estimate based on the 2019 drill campaign which is the largest in the Company’s history.”

Table 1: Arrow Deposit Drill Hole Data

Drill Hole

Athabasca Group –
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-19-221c1

327

-65

576

129.5

432.5

433.5

1

<500 –  990

442.5

446

3.5

<500 –  1100

448.5

449

0.5

<500 –  620

478.5

479.5

1

<500 –  580

485

486

1

<500 –  780

495.5

497.5

2

<500 –  1340

506.5

507

0.5

<500 –  670

511

517.5

6.5

<500 –  2200

524.5

549

24.5

<500 –  61000

554.5

555

0.5

<500 –  1180

AR-19-221c2

327

-65

597.5

N/A

426.5

430.5

4

<500 –  2100

437.5

438

0.5

<500 –  680

484

484.5

0.5

<500 –  1100

495.5

501

5.5

<500 –  1000

506

522.5

16.5

<500 –  1500

540

559.5

19.5

<500 –  61000

562

562.5

0.5

<500 –  1200

591.5

592

0.5

<500 –  550

AR-19-222c1

327

-65

597.5

133.45

401.5

404

2.5

<500 –  1400

422

425.5

3.5

<500 –  2600

437.5

439

1.5

<500 –  10800

447

447.5

0.5

<500 –  1000

450.5

482

31.5

<500 –  7400

494.5

551

56.5

<500 –  61000

557.5

559

1.5

<500 –  3720

577

577.5

0.5

<500 –  560

AR-19-222c2

327

-65

594

N/A

412.5

413

0.5

<500 –  1100

417.5

418

0.5

<500 –  2800

433

437.5

4.5

<500 –  1350

443.5

453.5

10

<500 –  32000

456

457.5

1.5

<500 –  2100

461.5

463

1.5

<500 –  3000

466

471

5

<500 –  6900

474.5

478

3.5

<500 –  1600

480.5

490

9.5

<500 –  1150

492.5

493

0.5

<500 –  1250

497

523

26

<500 –  61000

528.5

538.5

10

<500 –  37000

543.5

546.5

3

<500 –  18600

AR-19-223c1

327

-65

588

133.6

435

438.5

3.5

<500 –  1300

446

449.5

3.5

<500 –  2700

453

460

7

<500 –  6900

464.5

468

3.5

<500 –  3800

474

476.5

2.5

<500 –  1400

485.5

486

0.5

900 –  1280

490

495.5

5.5

<500 –  5500

498.5

503.5

5

<500 –  1380

509.5

519.5

10

<500 –  3000

522.5

528.5

6

<500 –  1300

532

549

17

<500 –  61000

553

556.5

3.5

<500 –  3800

559

560.5

1.5

<500 –  4300

569

570.5

1.5

<500 –  1600

AR-19-223c2

327

-65

615.5

N/A

434.5

438

3.5

<500 –  640

444.5

446

1.5

<500 –  1000

451.5

453

1.5

<500 –  1700

455.5

462

6.5

<500 –  17000

466.5

467.5

1

<500 –  2800

473

475

2

<500 –  740

479

483.5

4.5

<500 –  560

488

491

3

<500 –  1500

499

502

3

<500 –  1000

508.5

515

6.5

<500 –  3300

539.5

552.5

13

<500 –  61000

555

558

3

<500 –  34200

565

572

7

<500 –  31000

574.5

576

1.5

<500 –  870

AR-19-223c3

327

-65

586.5

N/A

417.5

418

0.5

<500 –  700

425

426

1

<500 –  920

435

444.5

9.5

<500 –  6900

452

459.5

7.5

<500 –  3300

462.5

465

2.5

<500 –  1100

468.5

470.5

2

<500 –  660

473

476

3

<500 –  5300

485

490.5

5.5

<500 –  2400

493

495

2

<500 –  1450

498.5

517.5

19

<500 –  7000

520

523.5

3.5

<500 –  1000

527

551

24

<500 –  61000

559.5

566

6.5

<500 –  61000

570.5

573

2.5

<500 –  670

AR-19-224c1

327

-65

597.5

129.45

404

404.5

0.5

<500 –  640

443.5

446.5

3

<500 –  1100

449

449.5

0.5

<500 –  1080

452

452.5

0.5

<500 –  640

455

456

1

<500 –  2050

465

465.5

0.5

<500 –  1370

469.5

473.5

4

<500 –  1650

497.5

500.5

3

<500 –  820

503

506.5

3.5

<500 –  1040

510

511

1

<500 –  540

524.5

525

0.5

<500 –  560

530

533

3

<500 –  710

536.5

538

1.5

<500 –  2340

543.5

544.5

1

<500 –  1270

548

551

3

<500 –  3610

554.5

575.5

21

<500 –  61000

AR-19-224c2

327

-65

612.5

N/A

441

442.5

1.5

<500 –  1850

445

447.5

2.5

<500 –  1220

450

453.5

3.5

<500 –  2350

470

470.5

0.5

<500 –  520

476

478.5

2.5

<500 –  4100

494

503

9

<500 –  2800

518

518.5

0.5

<500 –  600

524

524.5

0.5

<500 –  530

538

571.5

33.5

<500 –  61000

582

585.5

3.5

<500 –  13000

AR-19-225c1

327

-65

627.5

128.7

474

474.5

0.5

<500 –  630

494.5

495

0.5

<500 –  520

501

505

4

<500 –  4500

520.5

525

4.5

<500 –  1280

531

531.5

0.5

<500 –  980

545

546

1

<500 –  1180

566.5

598.5

32

<500 –  61000

AR-19-225c2

327

-65

636.5

N/A

473.5

474.5

1

<500 –  900

479.5

480.5

1

<500 –  2000

563.5

593.5

30

<500 –  61000

596

598

2

<500 –  21000

602

605

3

<500 –  650

AR-19-226c1

327

-65

564.5

131.5

446.5

447

0.5

<500 –  740

457

468.5

11.5

<500 –  1350

472.5

473.5

1

<500 –  2040

482.5

483

0.5

<500 –  560

491.5

503.5

12

<500 –  2240

506

508.5

2.5

<500 –  3540

512.5

527.5

15

<500 –  61000

536.5

539.5

3

<500 –  9300

AR-19-226c1a

327

-65

177

144.15

No Anomalous Radioactivity

AR-19-226c2

327

-65

567

N/A

453.5

454

0.5

<500 –  740

457.5

458

0.5

<500 –  600

463

466.5

3.5

<500 –  730

474.5

475

0.5

<500 –  510

489.5

492

2.5

<500 –  860

497.5

522.5

25

<500 –  61000

527.5

528.5

1

<500 –  1050

547

548

1

<500 –  2200

AR-19-227c1

327

-65

525.5

138.3

442

442.5

0.5

<500 –  680

445

446.5

1.5

<500 –  1200

463

502.5

39.5

<500 –  61000

AR-19-227c2

327

-65

540.5

N/A

439

439.5

0.5

<500 –  720

454.5

455

0.5

<500 –  860

460

508.5

48.5

<500 –  61000

513

517.5

4.5

<500 –  22000

AR-19-228c1

327

-65

663.5

134

249

249.5

0.5

<500 –  750

458

477.5

19.5

<500 –  23000

480

483.5

3.5

<500 –  3510

487

487.5

0.5

<500 –  3300

492

492.5

0.5

<500 –  1750

505

505.5

0.5

<500 –  800

512

523.5

11.5

<500 –  55300

551

551.5

0.5

<500 –  650

575.5

581

5.5

<500 –  1130

600.5

603

2.5

<500 –  590

605.5

624.5

19

<500 –  61000

629.5

632.5

3

<500 –  61000

635

638

3

<500 –  680

646.5

649

2.5

<500 –  890

660

660.5

0.5

<500 –  700

AR-19-228c2

327

-65

672.5

N/A

459.5

469.5

10

<500 –  40000

472

476

4

<500 –  4400

478.5

481.5

3

<500 –  1500

509.5

510.5

1

<500 –  9600

515

534

19

<500 –  50000

598

599

1

<500 –  750

602

603

1

<500 –  970

605.5

610

4.5

<500 –  1300

616.5

627

10.5

<500 –  61000

630

634

4

<500 –  8500

638

639

1

<500 –  1600

641.5

654.5

13

<500 –  53000

658.5

659.5

1

<500 –  700

AR-19-233c1

327

-65

534.5

133.7

447.5

450.5

3

<500 –  3300

453.5

491.5

38

<500 –  61000

495.5

501.5

6

<500 –  920

AR-19-233c2

327

-65

537.5

N/A

457

465

8

<500 –  2000

467.5

481.5

14

<500 –  61000

484

510.5

26.5

<500 –  61000

522.5

523

0.5

<500 –  920

Parameters:

  • Maximum internal dilution 2.00 m downhole
  • All depths and intervals are metres downhole, true thicknesses are yet to be determined
  • “Anomalous” means >500 cps (counts per second) total count gamma readings by gamma scintillometer type RS-120
  • “Off-scale” means >10,000 cps (counts per second) total count gamma readings by gamma scintillometer type RS-120
  • Where “Min cps” is <500 cps, this refers to local low radiometric zones within the overall radioactive interval
  • Directional drilling has often resulted in mineralization intersected at a more favourable and shallower dip
  • Hole AR-19-226c1a was terminated due to deviation in the overburden

About NexGen

NexGen is a British Columbia corporation with a focus on the acquisition, exploration and development of Canadian uranium projects. NexGen has a highly experienced team of uranium industry professionals with a successful track record in the discovery of uranium deposits and in developing projects through discovery to production. NexGen owns a 100% interest in Rook I, location of the Arrow Deposit in the Athabasca Basin, Saskatchewan, Canada and a portfolio of prospective uranium exploration projects throughout northwest Saskatchewan. NexGen is the recipient of the PDAC’s 2018 Bill Dennis Award and the 2019 Environmental and Social Responsibility Award.

Technical Disclosure

The technical information in this news release with respect to the PFS has been reviewed and approved by Paul O’Hara, P.Eng. of Wood., David Robson, P.Eng., M.B.A., and Jason Cox, P.Eng. of RPA, each of whom is a “qualified person” under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI-43-101“).

The Mineral Resource Estimate was completed by Mr. Mark Mathisen, C.P.G., Senior Geologist at RPA and Mr. David Ross, P.Geo., Director of Resource Estimation and Principal Geologist at RPA.  Both are independent Qualified Persons in accordance with the requirements of National Instrument (NI) 43-101 and they have approved the disclosure herein. All other technical information in this news release has been approved by Mr. Troy Boisjoli, Geoscientist Licensee, Vice President – Operations & Project Development for NexGen.  Mr. Boisjoli is a qualified person for the purposes of NI 43-101 and has verified the sampling, analytical, and test data underlying the information or opinions contained herein by reviewing original data certificates and monitoring all of the data collection protocols.  All other technical information in this news release has been approved by Mr. James Hatley, a Professional Engineer, Senior Vice-President – Project Development for NexGen.  Mr. Hatley is a qualified person for the purposes of NI 43-101 and has reviewed the underlying the information or opinions contained herein on mine design.

A technical report in respect to the PFS is filed on SEDAR (www.sedar.com) and EDGAR (www.sec.gov/edgar.shtml) and is available for review on NexGen Energy’s website (www.nexgenenergy.ca).

SEC Standards

Estimates of mineralization and other technical information included or referenced in this news release have been prepared in accordance with NI 43-101. The definitions of proven and probable mineral reserves used in NI 43-101 differ from the definitions in SEC Industry Guide 7. Under SEC Industry Guide 7 standards, a “final” or “bankable” feasibility study is required to report reserves, the three-year historical average price is used in any reserve or cash flow analysis to designate reserves and the primary environmental analysis or report must be filed with the appropriate governmental authority. As a result, the reserves reported by the Company in accordance with NI 43-101 may not qualify as “reserves” under SEC standards. In addition, the terms “mineral resource”, “measured mineral resource”, “indicated mineral resource” and “inferred mineral resource” are defined in and required to be disclosed by NI 43-101; however, these terms are not defined terms under SEC Industry Guide 7 and normally are not permitted to be used in reports and registration statements filed with the SEC. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into reserves. “Inferred mineral resources” have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian securities laws, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. Additionally, disclosure of “contained pounds” in a resource is permitted disclosure under Canadian securities laws; however, the SEC normally only permits issuers to report mineralization that does not constitute “reserves” by SEC standards as in place tonnage and grade without reference to unit measurements. Accordingly, information contained or referenced in this news release containing descriptions of the Company’s mineral deposits may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements of United States federal securities laws and the rules and regulations thereunder.

Technical Information

For details of the Rook I Project including the quality assurance program and quality control measures applied and key assumptions, parameters and methods used to estimate the Mineral Resource please refer to the technical report entitled “Arrow Deposit, Rook I Project Saskatchewan NI 43-101 Technical Report on Pre-feasbility Study” dated effective 5 November, 2018 (the “Rook 1 Technical Report”) prepared by Paul O’Hara, P.Eng., Jason J. Cox, P.Eng., David M. Robson, P.Eng., M.B.A., Mark B. Mathisen, C.P.G. each of whom is a “qualified person” under NI 43-101. The Rook I Technical Report is available for review under the Company’s profile on SEDAR at www.sedar.com and EDGAR (www.sec.gov/edgar.shtml) providing details of the Rook I Project including the quality assurance program and quality control measures applied and key assumptions, parameters and methods used to estimate the Mineral Resource and is available on NexGen Energy’s website (www.nexgenenergy.ca).

Forward-Looking Information

The information contained herein contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of applicable Canadian securities legislation. “Forward-looking information” includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future. Generally, but not always, forward-looking information and statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negative connotation thereof.

Forward-looking information and statements are based on the then current expectations, beliefs, assumptions, estimates and forecasts about NexGen’s business and the industry and markets in which it operates. Forward-looking information and statements are made based upon numerous assumptions, including among others, that the proposed transaction will be completed, the results of planned exploration activities are as anticipated, the price of uranium, the cost of planned exploration activities, that financing will be available if and when needed and on reasonable terms, that third party contractors, equipment, supplies and governmental and other approvals required to conduct NexGen’s planned exploration activities will be available on reasonable terms and in a timely manner and that general business and economic conditions will not change in a material adverse manner. Although the assumptions made by the Company in providing forward looking information or making forward looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.

Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual results, performances and achievements of NexGen to differ materially from any projections of results, performances and achievements of NexGen expressed or implied by such forward-looking information or statements, including, among others, negative operating cash flow and dependence on third party financing, uncertainty of the availability of additional financing, the risk that pending assay results will not confirm previously announced preliminary results, imprecision of mineral resource estimates, the appeal of alternate sources of energy and sustained low uranium prices, aboriginal title and consultation issues, exploration risks, reliance upon key management and other personnel, deficiencies in the Company’s title to its properties, uninsurable risks, failure to manage conflicts of interest, failure to obtain or maintain required permits and licenses, changes in laws, regulations and policy, competition for resources and financing, and other factors discussed or referred to in the Company’s Annual Information Form dated March 4, 2019 under “Risk Factors”.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.

There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.

SOURCE NexGen Energy Ltd.

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

Related Links

www.nexgenenergy.ca

Posted in featured_news | Tagged , , , , | Leave a comment

NexGen Announces Appointment of Brad Wall, the Former Premier of Saskatchewan, to its Board of Directors

NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX:NXE, NYSE MKT:NXE) is pleased to announce the appointment of former Saskatchewan Premier Mr. Brad Wall to the Company’s Board of Directors. This appointment coincides with the retirement from the NexGen Board of Craig Parry, Chief Executive Officer of IsoEnergy and founding member of the Board of Directors at NexGen, who is moving onto the Technical Advisory Committee.

Leigh Curyer, Chief Executive Officer, commented: “On behalf of the Executive and Board of NexGen we are very pleased to welcome Mr. Brad Wall. Mr. Wall brings to NexGen extensive national energy policy, political and economic experience and has demonstrated a very strong commitment, results and advocacy in the best interests of Saskatchewan and Canada over his entire career. Mr Wall in his capacity as a director to NexGen is joining a team dedicated to developing a Canadian energy project that will deliver significant generational benefits to Saskatchewan and Canada and set new standards in responsible project development.

I would also like to take the opportunity to thank Craig Parry, one of our founding Directors, for his dedication and support during his tenure as a director. In his capacity as Chief Executive Officer of IsoEnergy, which recently made a significant uranium discovery, we look forward to Craig’s continued valuable contribution to the group as he primarily focuses his efforts on the exciting Hurricane Zone with NexGen being a significant long-term shareholder.”

Brad Wall

As the 14th Premier of Saskatchewan, Mr. Wall brings to NexGen’s Board political experience spanning over a 20 year period. During his tenure as Premier, Mr. Wall led the province to unprecedented economic expansion, strong population and export growth, record infrastructure investment and the first ever and continuing AAA credit for the Province’s finances.  Mr. Wall worked successfully with the previous federal government to achieve nuclear cooperation agreements between Canada and both India and China opening up those civilian nuclear energy markets to Canadian uranium.  He is an advocate for sustainable, inclusive economic development and provides strategic insight to the energy sector.

About NexGen

NexGen is a British Columbia corporation with a focus on the acquisition, exploration and development of Canadian uranium projects. NexGen has a highly experienced team of uranium industry professionals with a successful track record in the discovery of uranium deposits and in developing projects through discovery to production. NexGen owns a 100% interest in Rook I, location of the Arrow Deposit in the Athabasca Basin, Saskatchewan, Canada and a portfolio of prospective uranium exploration projects throughout northwest Saskatchewan. NexGen is the recipient of the PDAC’s 2018 Bill Dennis Award and the 2019 Environmental and Social Responsibility Award.

Technical Disclosure

The technical information in this news release with respect to the PFS has been reviewed and approved by Paul O’Hara, P.Eng. of Wood., David Robson, P.Eng., M.B.A., and Jason Cox, P.Eng. of RPA, each of whom is a “qualified person” under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI-43-101“).

The Mineral Resource Estimate was completed by Mr. Mark Mathisen, C.P.G., Senior Geologist at RPA and Mr. David Ross, P.Geo., Director of Resource Estimation and Principal Geologist at RPA.  Both are independent Qualified Persons in accordance with the requirements of National Instrument (NI) 43-101 and they have approved the disclosure herein. All other technical information in this news release has been approved by Mr. Troy Boisjoli, Geoscientist Licensee, Vice President – Operations & Project Development for NexGen.  Mr. Boisjoli is a qualified person for the purposes of NI 43-101 and has verified the sampling, analytical, and test data underlying the information or opinions contained herein by reviewing original data certificates and monitoring all of the data collection protocols.  All other technical information in this news release has been approved by Mr. James Hatley, a Professional Engineer, Senior Vice-President – Project Development for NexGen.  Mr. Hatley is a qualified person for the purposes of NI 43-101 and has reviewed the underlying the information or opinions contained herein on mine design.

A technical report in respect to the PFS is filed on SEDAR (www.sedar.com) and EDGAR (www.sec.gov/edgar.shtml) and is available for review on NexGen Energy’s website (www.nexgenenergy.ca).

SEC Standards

Estimates of mineralization and other technical information included or referenced in this news release have been prepared in accordance with NI 43-101. The definitions of proven and probable mineral reserves used in NI 43-101 differ from the definitions in SEC Industry Guide 7. Under SEC Industry Guide 7 standards, a “final” or “bankable” feasibility study is required to report reserves, the three-year historical average price is used in any reserve or cash flow analysis to designate reserves and the primary environmental analysis or report must be filed with the appropriate governmental authority. As a result, the reserves reported by the Company in accordance with NI 43-101 may not qualify as “reserves” under SEC standards. In addition, the terms “mineral resource”, “measured mineral resource”, “indicated mineral resource” and “inferred mineral resource” are defined in and required to be disclosed by NI 43-101; however, these terms are not defined terms under SEC Industry Guide 7 and normally are not permitted to be used in reports and registration statements filed with the SEC. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into reserves. “Inferred mineral resources” have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian securities laws, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. Additionally, disclosure of “contained pounds” in a resource is permitted disclosure under Canadian securities laws; however, the SEC normally only permits issuers to report mineralization that does not constitute “reserves” by SEC standards as in place tonnage and grade without reference to unit measurements. Accordingly, information contained or referenced in this news release containing descriptions of the Company’s mineral deposits may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements of United States federal securities laws and the rules and regulations thereunder.

Technical Information

For details of the Rook I Project including the quality assurance program and quality control measures applied and key assumptions, parameters and methods used to estimate the Mineral Resource please refer to the technical report entitled “Arrow Deposit, Rook I Project Saskatchewan NI 43-101 Technical Report on Pre-feasbility Study” dated effective 5 November, 2018 (the “Rook 1 Technical Report”) prepared by Paul O’Hara, P.Eng., Jason J. Cox, P.Eng., David M. Robson, P.Eng., M.B.A., Mark B. Mathisen, C.P.G. each of whom is a “qualified person” under NI 43-101. The Rook I Technical Report is available for review under the Company’s profile on SEDAR at www.sedar.com and EDGAR (www.sec.gov/edgar.shtml) providing details of the Rook I Project including the quality assurance program and quality control measures applied and key assumptions, parameters and methods used to estimate the Mineral Resource and is available on NexGen Energy’s website (www.nexgenenergy.ca).

Forward-Looking Information

The information contained herein contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of applicable Canadian securities legislation. “Forward-looking information” includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future. Generally, but not always, forward-looking information and statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negative connotation thereof.

Forward-looking information and statements are based on the then current expectations, beliefs, assumptions, estimates and forecasts about NexGen’s business and the industry and markets in which it operates. Forward-looking information and statements are made based upon numerous assumptions, including among others, that the proposed transaction will be completed, the results of planned exploration activities are as anticipated, the price of uranium, the cost of planned exploration activities, that financing will be available if and when needed and on reasonable terms, that third party contractors, equipment, supplies and governmental and other approvals required to conduct NexGen’s planned exploration activities will be available on reasonable terms and in a timely manner and that general business and economic conditions will not change in a material adverse manner. Although the assumptions made by the Company in providing forward looking information or making forward looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.

Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual results, performances and achievements of NexGen to differ materially from any projections of results, performances and achievements of NexGen expressed or implied by such forward-looking information or statements, including, among others, negative operating cash flow and dependence on third party financing, uncertainty of the availability of additional financing, the risk that pending assay results will not confirm previously announced preliminary results, imprecision of mineral resource estimates, the appeal of alternate sources of energy and sustained low uranium prices, aboriginal title and consultation issues, exploration risks, reliance upon key management and other personnel, deficiencies in the Company’s title to its properties, uninsurable risks, failure to manage conflicts of interest, failure to obtain or maintain required permits and licenses, changes in laws, regulations and policy, competition for resources and financing, and other factors discussed or referred to in the Company’s Annual Information Form dated March 2, 2018 under “Risk Factors”.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.

There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.

SOURCE NexGen Energy Ltd.

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

Posted in featured_news | Tagged , , , | Leave a comment

Wayback Machine: Doug Beattie on NexGen

Back in 2015 Doug Beattie, Cameco’s former chief mining engineer did an interview about NexGen.

“The geometry at Arrow is excellent. Underground mining engineers pray for vertical ore bodies and this is present at Arrow. I have only seen the core photos that NexGen has published on their website and the core looks reasonable. Small stopes similar to Eagle Point are likely in order.

With respect to raiseboring of the high grade, there are multiple ways to attack this geometrically. McArthur River is constrained by the location of the water-bearing sandstone but, being so far down in the basement rock at Arrow, this should not be an issue. No ground freezing is used at Eagle Point and I expect that to be the case at Arrow.” mining.com

Nothing really has changed except that NexGen had drilled a lot more holes to confirm the resource and come up with a cost-effective mine plan. Read the whole thing.

Posted in update | Tagged , , , | Leave a comment

NexGen Commences 125,000 m Feasibility Stage Drilling Program and Technical Studies at the Arrow Deposit

NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX: NXE, NYSE MKT: NXE) is pleased to announce that the largest drill program in the Company’s history focused on optimizing mine development has begun at our 100% owned, Rook I property, in the Athabasca Basin, Saskatchewan. The drill program results will be incorporated into a NI43-101 Bankable Feasibility Study (“FS” or the “Study”), building on the successful outcomes highlighted in the Company’s Pre-Feasibility Study (“PFS”) (see News Release dated November 5, 2018) which demonstrated the Arrow Project to be an exceptional development opportunity for NexGen, Saskatchewan and Canada.

The development optimization program consists of a minimum 125,000 m using 10 diamond drill rigs focusing on three objectives:

  1. Convert High Grade Indicated Mineral Resources to Measured Mineral Resources: Approximately 71,000 m will be drilled at a spacing sufficient to support the conversion of the currently defined high-grade (“HG”) Indicated Resource (currently 256.6 M lbs of U3O8 contained in 2.89 M tonnes grading 4.03% U3O8) to Measured Resource. Measured Mineral Resources represent the highest level of mineral resource estimate, providing a significant amount of technical detail on the FS mine plan, design and economics.
  2. Covert Inferred Mineral Resources to Indicated Mineral Resources: Approximately 54,000 m will be drilled to support the conversion of part of the currently defined Inferred Resource (currently 91.7 M lbs of U3O8 contained in 4.84 M tonnes grading 0.86% U3O8) to an Indicated Resource. Further conversion of Inferred to Indicated Mineral Resources will optimise the usable mineral inventory for the FS mine plan which can only incorporate Indicated or higher classification resources in compliance with the NI 43-101 guidelines.  Given the strong continuity of mineralization seen at Arrow, the conversion of Inferred to Indicated resources since delineation drilling commenced has been very efficient and predictable.
  3. Geotechnical and Hydrogeological Characterization: Approximately 12,500 m of the 125,000 m will also incorporate the geotechnical and hydrogeological characterization of the rock mass in the areas of potential mine development and Underground Tailings Management Facility (“UGTMF”).  This additional analysis will build upon the significant geotechnical, hydrogeological and metallurgical testing that has been incorporated into the PFS.

The 125,000 m of drilling outlined above will be added to the existing 296,000 m of drill data collected to date by NexGen to form the basis of an FS which will incorporate an updated Mineral Resource Estimate and scheduled for release in H1/2020.  The FS will increase design detail to a resolution necessary to support at a minimum a Class 3 cost estimate (AACE International standard). The objectives of the FS are as follows:

  • Further optimization of the proposed development of the Arrow Deposit with respect to mine design (stope layouts, development, and production schedule) based on only Measured and Indicated mineral resources,
  • Defining a level of design to support the comprehensive Environmental Assessment applications,
  • Engaging with construction experts to optimize construction sequencing, utilization of pre-fabrication, offsite module assembly, and identify alternative opportunities to advance project development timelines,
  • Continuing the advancement of the UGTMF design to optimize tailings density and further reduce tailings volumes enabling the opportunity to minimize the surface footprint of the mine,
  • Leveraging opportunities for capital cost optimization while increasing confidence in the capital and operating cost estimates,
  • Integrating innovative but proven mining, milling and environmental technologies and sustainable practices including the evaluation of alternative energy solutions to further increase NexGen’s sustainability commitment.

Drilling program target areas can be found in the figures 1 and 2.

Financial

  • The Company has cash on hand of approximately ~$110 million.

Leigh Curyer, President and Chief Executive Officer, commented: “This year’s drill program will be the largest in the Company’s history to date, and reportedly, in Canada for a uranium project in 2019. The team has focused considerable effort into the planning of the drill program and technical studies, which leverages our experience in optimizing mine development, processing and elite environmental management practices. With the opening this week of the new Saskatoon project office, which has been designed at a capacity to take NexGen through to reaching its objective of becoming a major producer of uranium on the world stage, it is very exciting times for the NexGen team and Saskatchewan.”

Troy Boisjoli, Vice-President, Operations and Project Development, commented: “The technical characteristics of the Arrow deposit has allowed for rapid growth and increased confidence through each successive drill program. This is an exciting time at NexGen, focussing on continued advancement of the Arrow deposit through the requisite development stages.”

About NexGen

NexGen is a British Columbia corporation with a focus on the acquisition, exploration and development of Canadian uranium projects. NexGen has a highly experienced team of uranium industry professionals with a successful track record in the discovery of uranium deposits and in developing projects through discovery to production.  NexGen owns a portfolio of prospective uranium exploration assets in the Athabasca Basin, Saskatchewan, Canada, including a 100% interest in Rook I, location of the Arrow Deposit in February 2014, the Bow discovery in March 2015, the Harpoon discovery in August 2016 and the Arrow South discovery in July 2017. NexGen is the recipient of the PDAC’s 2018 Bill Dennis Award and the 2019 Environmental and Social Responsibility Award.

Technical Disclosure

Split core samples will be taken systematically, and intervals will be submitted to SRC Geoanalytical Laboratories (an SCC ISO/IEC 17025: 2005 Accredited Facility) of Saskatoon for analysis. All samples sent to SRC will be analyzed using ICP-MS for trace elements on partial and total digestions, ICP-OES for major and minor elements on a total digestion, and fusion solution of boron by ICP-OES. Mineralized samples are analyzed for U3O8 by ICP-OES and select samples for gold by fire assay. Assay results will be released when received and after stringent internal QA/QC protocols are passed.

All scientific and technical information in this news release has been prepared by or reviewed and approved by Mr. Troy Boisjoli, Geoscientist Licensee, Vice President – Operations & Project Development for NexGen. Mr. Boisjoli is a qualified person for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”), and has verified the sampling, analytical, and test data underlying the information or opinions contained herein by reviewing original data certificates and monitoring all of the data collection protocols.

For details of the Rook I Project including the quality assurance program and quality control measures applied and key assumptions, parameters and methods used to estimate the Mineral Resource please refer to the technical report entitled “Technical Report on the Preliminary Economic Assessment of the Arrow Deposit, Rook 1 Property, Province of Saskatchewan, Canada” dated effective September 1, 2017 (the “Rook 1 Technical Report”) prepared by Jason J. Cox, P.Eng., David M. Robson, P.Eng., M.B.A., Mark B. Mathisen, C.P.G., David A. Ross M.Sc., P.Geo., Val Coetzee, M.Eng., Pr.Eng., and Mark Wittrup, M.Sc., P.Eng.,P.Geo. each of whom is a “qualified person” under NI 43-101. The Rook I Technical Report is available for review under the Company’s profile on SEDAR at www.sedar.com. A technical report in respect of the PFS will be filed on SEDAR (www.sedar.com) and EDGAR (www.sec.gov/edgar.shtml) within 45 days from the date of the PFS  news release (November 5th, 2018) providing details of the Rook I Project including the quality assurance program and quality control measures applied and key assumptions, parameters and methods used to estimate the Mineral Resource.

U.S. investors are advised that while the terms “indicated resources” and “inferred resources” are recognized and required by Canadian regulations, the U.S. Securities and Exchange Commission does not recognize these terms. U.S. investors are cautioned not to assume that any part or all of the material in these categories will ever be converted into mineral reserves.

SEC Standards

Estimates of mineralization and other technical information included or referenced in this news release have been prepared in accordance with NI 43-101. The definitions of proven and probable mineral reserves used in NI 43-101 differ from the definitions in SEC Industry Guide 7. Under SEC Industry Guide 7 standards, a “final” or “bankable” feasibility study is required to report reserves, the three-year historical average price is used in any reserve or cash flow analysis to designate reserves and the primary environmental analysis or report must be filed with the appropriate governmental authority. As a result, the reserves reported by the Company in accordance with NI 43-101 may not qualify as “reserves” under SEC standards. In addition, the terms “mineral resource”, “measured mineral resource”, “indicated mineral resource” and “inferred mineral resource” are defined in and required to be disclosed by NI 43-101; however, these terms are not defined terms under SEC Industry Guide 7 and normally are not permitted to be used in reports and registration statements filed with the SEC. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into reserves. “Inferred mineral resources” have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian securities laws, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. Additionally, disclosure of “contained pounds” in a resource is permitted disclosure under Canadian securities laws; however, the SEC normally only permits issuers to report mineralization that does not constitute “reserves” by SEC standards as in place tonnage and grade without reference to unit measurements. Accordingly, information contained or referenced in this news release containing descriptions of the Company’s mineral deposits may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements of United States federal securities laws and the rules and regulations thereunder.

Forward-Looking Information

The information contained herein contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of applicable Canadian securities legislation. “Forward-looking information” includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future. Generally, but not always, forward-looking information and statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negative connotation thereof.

Forward-looking information and statements are based on the then current expectations, beliefs, assumptions, estimates and forecasts about NexGen’s business and the industry and markets in which it operates. Forward-looking information and statements are made based upon numerous assumptions, including among others, that the proposed transaction will be completed, the results of planned exploration activities are as anticipated, the price of uranium, the cost of planned exploration activities, that financing will be available if and when needed and on reasonable terms, that third party contractors, equipment, supplies and governmental and other approvals required to conduct NexGen’s planned exploration activities will be available on reasonable terms and in a timely manner and that general business and economic conditions will not change in a material adverse manner. Although the assumptions made by the Company in providing forward looking information or making forward looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.

Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual results, performances and achievements of NexGen to differ materially from any projections of results, performances and achievements of NexGen expressed or implied by such forward-looking information or statements, including, among others, negative operating cash flow and dependence on third party financing, uncertainty of the availability of additional financing, the risk that pending assay results will not confirm previously announced preliminary results, imprecision of mineral resource estimates, the appeal of alternate sources of energy and sustained low uranium prices, aboriginal title and consultation issues, exploration risks, reliance upon key management and other personnel, deficiencies in the Company’s title to its properties, uninsurable risks, failure to manage conflicts of interest, failure to obtain or maintain required permits and licenses, changes in laws, regulations and policy, competition for resources and financing, and other factors discussed or referred to in the Company’s Annual Information Form dated March 31, 2017 under “Risk Factors”.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.

There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.

SOURCE NexGen Energy Ltd.

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

Related Links

www.nexgenenergy.ca

Posted in featured_news | Tagged , , , | Leave a comment

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.

<!– assetTag:

–> <!– image and imageTag: Figure 1: Arrow Deposit Drilling Locations (CNW Group/NexGen Energy Ltd.) –> <!– assetTag:

–> <!– image and imageTag: Figure 2: Shaft Pilot Holes with Arrow Mine Design (CNW Group/NexGen Energy Ltd.) –> <!– assetTag:

–> <!– image and imageTag: Figure 3: A2 Geotechnical Characterization Holes (CNW Group/NexGen Energy Ltd.) –> <!– assetTag:

–> <!– image and imageTag: Figure 4: Footwall Geotechnical Characterization Holes (CNW Group/NexGen Energy Ltd.) –>

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

Posted in featured_news | Tagged , , | Leave a comment

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

Posted in featured_news | Tagged , , , , , , | Leave a comment

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

Posted in featured_news | Tagged , , , | Leave a comment

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

Posted in featured_news | Tagged , , , , | Leave a comment

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.

Posted in update | Tagged , , , | Leave a comment