NexGen Announces Best Ever Discovery-Phase Intercept At Rook I Property
NexGen Energy (TSX: NXE) has announced a significant discovery at its Rook I property, with drillhole RK-25-232 delivering the best-ever discovery-phase intercept. The hole intersected 3.9 meters of >61,000 cps uranium mineralization within a larger 13.8m mineralized interval starting at 452.2m depth.
The high-grade subdomain at Patterson Corridor East (PCE) has doubled in size since November 2024, now extending 210m along strike and 335m of vertical extent. Four additional winter drillholes (RK-25-227, -230, -233, -236) have all encountered high-grade intercepts, with mineralization remaining open in all directions, including 300m up dip within the basement rock.
This discovery represents a transformational moment for PCE, potentially rivaling NexGen's Arrow Deposit at the same development stage. The company plans to focus ongoing exploration on expanding this high-grade zone from hole RK-25-232.
NexGen Energy (TSX: NXE) ha annunciato una scoperta significativa presso la sua proprietà Rook I, con il foro di perforazione RK-25-232 che ha fornito il miglior intercetto mai registrato nella fase di scoperta. Il foro ha intercettato 3,9 metri di mineralizzazione di uranio con oltre 61.000 cps all'interno di un intervallo mineralizzato più ampio di 13,8m che inizia a una profondità di 452,2m.
Il sottodominio ad alta qualità presso Patterson Corridor East (PCE) è raddoppiato in dimensioni dal novembre 2024, estendendosi ora 210m lungo la direzione di strike e 335m di estensione verticale. Quattro ulteriori fori di perforazione invernali (RK-25-227, -230, -233, -236) hanno tutti incontrato intercetti ad alta qualità, con la mineralizzazione che rimane aperta in tutte le direzioni, inclusi 300m in su nel basamento roccioso.
Questa scoperta rappresenta un momento trasformativo per PCE, potenzialmente in grado di rivaleggiare con il Deposito Arrow di NexGen nella stessa fase di sviluppo. L'azienda prevede di concentrare l'esplorazione in corso sull'espansione di questa zona ad alta qualità a partire dal foro RK-25-232.
NexGen Energy (TSX: NXE) ha anunciado un descubrimiento significativo en su propiedad Rook I, con el agujero de perforación RK-25-232 que proporciona el mejor intercepto jamás registrado en la fase de descubrimiento. El agujero intersectó 3.9 metros de mineralización de uranio con más de 61,000 cps dentro de un intervalo mineralizado más grande de 13.8m que comienza a una profundidad de 452.2m.
El subdominio de alta calidad en Patterson Corridor East (PCE) se ha duplicado en tamaño desde noviembre de 2024, extendiéndose ahora 210m a lo largo del strike y 335m de extensión vertical. Cuatro agujeros de perforación adicionales de invierno (RK-25-227, -230, -233, -236) han encontrado todos interceptos de alta calidad, con la mineralización permaneciendo abierta en todas las direcciones, incluyendo 300m hacia arriba en la roca de basamento.
Este descubrimiento representa un momento transformador para PCE, potencialmente rivalizando con el Depósito Arrow de NexGen en la misma etapa de desarrollo. La compañía planea enfocar la exploración en curso en la expansión de esta zona de alta calidad a partir del agujero RK-25-232.
NexGen Energy (TSX: NXE)는 Rook I 자산에서 중요한 발견을 발표했으며, 드릴홀 RK-25-232가 발견 단계에서 최고의 인터셉트를 기록했습니다. 이 구멍은 3.9미터의 61,000 cps 이상의 우라늄 광물화를 포함한 13.8m의 광물화 구간을 452.2m 깊이에서 교차했습니다.
Patterson Corridor East (PCE)에서의 고품질 서브도메인은 2024년 11월 이후 두 배로 커져 현재 210m의 스트라이크 방향과 335m의 수직 범위로 확장되었습니다. 추가적인 겨울 드릴홀 네 개(RK-25-227, -230, -233, -236) 모두 고품질 인터셉트를 발견했으며, 광물화는 모든 방향으로 열려 있으며, 기저암에서 300m 위쪽으로도 계속되고 있습니다.
이번 발견은 PCE에 있어 변혁적인 순간을 의미하며, NexGen의 Arrow Deposit과 같은 개발 단계에서 경쟁할 가능성이 있습니다. 회사는 RK-25-232 구멍에서 이 고품질 구역의 확장에 계속 집중할 계획입니다.
NexGen Energy (TSX: NXE) a annoncé une découverte significative sur sa propriété Rook I, avec le trou de forage RK-25-232 qui a fourni le meilleur intercept jamais enregistré lors de la phase de découverte. Le trou a intersecté 3,9 mètres de minéralisation d'uranium avec plus de 61 000 cps dans un intervalle minéralisé plus large de 13,8 m commençant à une profondeur de 452,2 m.
Le sous-domaine à haute teneur au Patterson Corridor East (PCE) a doublé de taille depuis novembre 2024, s'étendant maintenant sur 210 m le long du strike et 335 m de portée verticale. Quatre trous de forage supplémentaires d'hiver (RK-25-227, -230, -233, -236) ont tous rencontré des intercepts de haute qualité, la minéralisation restant ouverte dans toutes les directions, y compris 300 m en amont dans la roche de fond.
Cette découverte représente un moment transformateur pour le PCE, rivalisant potentiellement avec le dépôt Arrow de NexGen au même stade de développement. L'entreprise prévoit de concentrer l'exploration en cours sur l'expansion de cette zone à haute teneur à partir du trou RK-25-232.
NexGen Energy (TSX: NXE) hat eine bedeutende Entdeckung auf seinem Grundstück Rook I bekannt gegeben, wobei das Bohrloch RK-25-232 den besten jemals registrierten Entdeckungsinterzept lieferte. Das Loch durchbrach 3,9 Meter mit mehr als 61.000 cps Uranmineralisierung innerhalb eines größeren mineralisierten Intervalls von 13,8 m, das in einer Tiefe von 452,2 m beginnt.
Das hochgradige Subdomäne im Patterson Corridor East (PCE) hat sich seit November 2024 verdoppelt und erstreckt sich jetzt 210m entlang des Strike und 335m vertikal. Vier zusätzliche Winterbohrlöcher (RK-25-227, -230, -233, -236) haben alle hochgradige Interzepte gefunden, wobei die Mineralisierung in alle Richtungen offen bleibt, einschließlich 300m in die Höhe im Grundgestein.
Diese Entdeckung stellt einen transformativen Moment für PCE dar, der potenziell mit NexGens Arrow Deposit in der gleichen Entwicklungsphase konkurrieren kann. Das Unternehmen plant, die laufende Erkundung auf die Erweiterung dieser hochgradigen Zone vom Bohrloch RK-25-232 zu konzentrieren.
- Best-ever discovery-phase drilling results with 3.9m of >61,000 cps uranium mineralization
- High-grade subdomain doubled in size since November 2024
- Four additional holes confirmed high-grade mineralization, indicating consistent results
- Mineralization remains open in all directions, suggesting potential for further expansion
- True thickness of mineralization yet to be determined
- Resource modeling and updated mineral resource estimate still required
Insights
NexGen's latest drill results at Patterson Corridor East (PCE) represent a genuinely significant exploration breakthrough that dramatically changes the company's growth trajectory. Hole RK-25-232's intercept of 3.9 meters of off-scale mineralization (>61,000 cps) within a broader 13.8m mineralized zone is exceptional for discovery-phase drilling.
What makes this particularly valuable is the rapid expansion of the high-grade subdomain, which has doubled to 210m strike length and 335m vertical extent since November. The shallow depth (starting at 452.2m) and location within competent basement rock significantly enhances economic potential compared to deeper or more structurally complex deposits.
The comparison to Arrow is noteworthy - this level of mineralization intensity wasn't encountered at Arrow until well into resource definition, suggesting PCE could potentially rival or complement Arrow's world-class status. With the zone remaining open in all directions, including 300m up-dip, the resource growth potential appears substantial.
Four additional holes containing >61,000 cps readings at minimum 50m spacing further confirms this isn't an isolated occurrence but potentially a substantial new high-grade zone. This pattern of mineralization suggests a significant mineralizing event occurred across the Rook I property, raising the possibility of additional discoveries beyond Arrow and PCE.
NexGen's discovery at PCE comes at a strategically opportune moment for uranium developers. With growing recognition of nuclear energy's role in clean power generation and concerns about uranium supply security, high-grade discoveries in stable jurisdictions like Saskatchewan carry exceptional premium value.
The geological validation that a major mineralizing event occurred across the Rook I property substantially enhances NexGen's resource growth potential beyond existing estimates. This matters because the market values uranium developers not just on current resources but on exploration upside - which this discovery significantly expands.
Most crucially, the company explicitly states they're ready to "immediately commence construction" of the Rook I Project pending regulatory approval. This positions NexGen to potentially accelerate development timelines to capitalize on favorable uranium market conditions.
What sets this discovery apart is both quality and timing. The intensity of mineralization (>61,000 cps) at relatively shallow depths in stable basement rock suggests potential for low-cost extraction. Meanwhile, the doubling of the high-grade zone dimensions since November demonstrates exceptional exploration efficiency that could translate to resource growth at a fraction of typical discovery costs.
The parallels drawn to Arrow's early development suggest PCE could materially expand NexGen's production profile or mine life, potentially transforming what was already considered a tier-one uranium development project into something substantially larger.
- RK-25-232 intersects broad zone of intense mineralization including 3.9 m of >61,000 cps
- High-grade subdomain doubles in size to 210 m strike and 335 m vertical extent
- Represents best hole drilled at any NexGen property, including Arrow, during the discovery-phase of exploration
Drillhole RK-25-232 intersected 3.9 meters ("m") of >61,000 cps, indicating rich uranium concentration within a larger 13.8 m mineralized interval that starts at 452.2 m (Figures 3 and 4, Table 1). It is one of the shallowest high-grade intersections at PCE and open in all directions (including 300 m up dip) within the competent basement rock. Four additional winter drillholes all located a minimum 50 m from RK-25-232 have all encountered high-grade intercepts containing >61,000 cps (RK-25-227, -230, -233, -236) expanding the high-grade subdomain to 210 m along strike and 335 m of vertical extent, doubling in size since last reported in November 2024 (previously 100 m strike and 170 m vertical extent). Ongoing exploration will focus on growing and defining this high-grade zone from hole RK-25-232.
Leigh Curyer, Chief Executive Officer, commented: "This intercept from RK-25-232 is geologically exceptional and represents a transformational moment taking PCE into a category to rival Arrow at the same stage of drilling. Discovering mineralization of this intensity so early in our 2025 program outpaces the success pattern experienced at the Arrow Deposit. Incredible, considering Arrow's status on the world stage. To put this into context, the width of high-grade intense mineralization in RK-25-232 at PCE was first encountered at Arrow well into the delineation phase of resource definition. Together with Arrow, it's validation a very significant regional mineralizing event has occurred at Rook I that we are only just beginning to assess the magnitude.
Today's result comes at a time the need for
Jason Craven, Vice President, Exploration, commented: "Another exciting evaluation milestone has been achieved by intersecting the surge of mineralization intensity in RK-25-232. Vein-type uranium is known to have high-grade zones within broad, structurally controlled footprints. Our focus is to expand the high-grade subdomain while also investigating for natural repetition within the evolving mineralized footprint, all of which is very similar to the approach to Arrow's resource development."
The development of PCE has advanced quickly over the past year; from an initial discovery of new vein-type basement-hosted uranium in February 2024, to a rapidly growing mineralized footprint and expanding high-grade, and now to a best-ever high-grade intersection in RK-25-232. An interpreted 3D model (Figures 1 and 2) provides a new visual representation of the scale and setting of the mineralization.
Reporting of assays from 2024 is expected in April once all results have been received and verified.
Table 1: 2025 Spectrometer results as of March 13
Drillhole | Unconformity | Handheld Spectrometer Results (RS-125) | ||||||
Hole ID | Azimuth | Dip | Total | From | To (m) | Width | CPS Range | |
RK-25-225 | 330 | -70 | 684.0 | 108.6 | 475.00 | 475.5 | 0.5 | <500 |
479.5 | 480.0 | 0.5 | <500 - 1400 | |||||
482.0 | 482.5 | 0.5 | <500 - 850 | |||||
482.5 | 483.0 | 0.5 | <500 | |||||
483.5 | 484.0 | 0.5 | <500 | |||||
484.0 | 484.5 | 0.5 | <500 | |||||
484.5 | 485.0 | 0.5 | <500 | |||||
498.5 | 499.0 | 0.5 | <500 - 650 | |||||
499.0 | 499.5 | 0.5 | <500 - 830 | |||||
509.0 | 509.5 | 0.5 | <500 - 1300 | |||||
509.5 | 510.0 | 0.5 | <500 | |||||
510.5 | 511.0 | 0.5 | <500 - 750 | |||||
511.0 | 511.5 | 0.5 | <500 - 1800 | |||||
517.5 | 518.0 | 0.5 | <500 | |||||
523.0 | 523.5 | 0.5 | <500 | |||||
523.5 | 524.0 | 0.5 | <500 | |||||
526.5 | 527.0 | 0.5 | <500 | |||||
539.0 | 539.5 | 0.5 | <500 | |||||
539.5 | 540.0 | 0.5 | <500 | |||||
540.0 | 540.5 | 0.5 | <500 | |||||
541.0 | 541.5 | 0.5 | <500 - 1600 | |||||
541.5 | 542.0 | 0.5 | <500 | |||||
RK-25-226 | 330 | -70 | 655.5 | N/A | 539.0 | 539.5 | 0.5 | <500 |
540.5 | 541.0 | 0.5 | <500 - 550 | |||||
578.5 | 579.0 | 0.5 | <500 | |||||
579.5 | 580.0 | 0.5 | <500 | |||||
580.0 | 580.5 | 0.5 | <500 - 880 | |||||
580.5 | 581.0 | 0.5 | <500 - 510 | |||||
582.0 | 582.5 | 0.5 | <500 | |||||
583.0 | 583.5 | 0.5 | <500 | |||||
583.5 | 584.0 | 0.5 | <500 - 2200 | |||||
584.0 | 584.5 | 0.5 | <500 - 980 | |||||
586.5 | 587.0 | 0.5 | <500 | |||||
587.0 | 587.5 | 0.5 | <500 | |||||
589.0 | 589.5 | 0.5 | <500 | |||||
589.5 | 590.0 | 0.5 | <500 | |||||
590.0 | 590.5 | 0.5 | <500 | |||||
590.5 | 591.0 | 0.5 | <500 - 730 | |||||
591.0 | 591.5 | 0.5 | <500 - 720 | |||||
591.5 | 592.0 | 0.5 | <500 | |||||
592.0 | 592.5 | 0.5 | <500 - 1200 | |||||
592.5 | 593.0 | 0.5 | <500 - 1280 | |||||
593.0 | 593.5 | 0.5 | <500 - 1150 | |||||
594.0 | 594.5 | 0.5 | <500 - 890 | |||||
594.5 | 595.0 | 0.5 | <500 | |||||
595.0 | 595.5 | 0.5 | 1000 - 5400 | |||||
595.5 | 596.0 | 0.5 | <500 | |||||
596.0 | 596.5 | 0.5 | <500 | |||||
597.5 | 598.0 | 0.5 | <500 | |||||
598.0 | 598.5 | 0.5 | <500 - 770 | |||||
598.5 | 599.0 | 0.5 | <500 - 1600 | |||||
599.0 | 599.5 | 0.5 | <500 | |||||
599.5 | 600.0 | 0.5 | <500 - 510 | |||||
600.0 | 600.5 | 0.5 | <500 - 710 | |||||
602.0 | 602.5 | 0.5 | <500 | |||||
606.0 | 606.5 | 0.5 | <500 | |||||
RK-25-227 | 330 | -70 | 657.0 | 113.4 | 493.0 | 493.5 | 0.5 | <500 |
496.0 | 496.5 | 0.5 | <500 | |||||
496.5 | 497.0 | 0.5 | <500 | |||||
497.5 | 498.0 | 0.5 | <500 - 950 | |||||
498.0 | 498.5 | 0.5 | <500 | |||||
505.5 | 506.0 | 0.5 | <500 - 650 | |||||
506.0 | 506.5 | 0.5 | <500 - 2300 | |||||
506.5 | 507.0 | 0.5 | <500 - 650 | |||||
507.0 | 507.5 | 0.5 | <500 - 1500 | |||||
507.5 | 508.0 | 0.5 | <500 - 1250 | |||||
508.0 | 508.5 | 0.5 | <500 | |||||
508.5 | 509.0 | 0.5 | <500 - 1400 | |||||
509.0 | 509.5 | 0.5 | <500 - 2500 | |||||
509.5 | 510.0 | 0.5 | <500 | |||||
510.5 | 511.0 | 0.5 | <500 | |||||
511.0 | 511.5 | 0.5 | <500 | |||||
511.5 | 512.0 | 0.5 | <500 | |||||
512.5 | 513.0 | 0.5 | <500 | |||||
513.5 | 514.0 | 0.5 | <500 | |||||
514.0 | 514.5 | 0.5 | <500 | |||||
514.5 | 515.0 | 0.5 | <500 | |||||
515.0 | 515.5 | 0.5 | <500 - 1600 | |||||
515.5 | 516.0 | 0.5 | <500 | |||||
516.0 | 516.5 | 0.5 | 800 - 2000 | |||||
516.5 | 517.0 | 0.5 | 600 - 2000 | |||||
517.0 | 517.5 | 0.5 | 700 - 3000 | |||||
517.5 | 518.0 | 0.5 | 1200 - 5700 | |||||
518.0 | 518.5 | 0.5 | 1500 - 4500 | |||||
518.5 | 519.0 | 0.5 | 1000 - 4500 | |||||
519.0 | 519.5 | 0.5 | <500 - 1500 | |||||
519.5 | 520.0 | 0.5 | <500 - 800 | |||||
520.0 | 520.5 | 0.5 | 1000 - 14000 | |||||
520.5 | 521.0 | 0.5 | 500 - 1300 | |||||
521.0 | 521.5 | 0.5 | 1000 - 3000 | |||||
521.5 | 522.0 | 0.5 | 800 - 3000 | |||||
522.0 | 522.5 | 0.5 | 1500 - 5000 | |||||
522.5 | 523.0 | 0.5 | <500 - 4000 | |||||
523.0 | 523.5 | 0.5 | <500 - 600 | |||||
523.5 | 524.0 | 0.5 | <500 - 900 | |||||
524.0 | 524.5 | 0.5 | <500 | |||||
533.0 | 533.5 | 0.5 | <500 | |||||
533.5 | 534.0 | 0.5 | <500 - 1200 | |||||
534.0 | 534.5 | 0.5 | 1200 - 1200 | |||||
534.5 | 535.0 | 0.5 | 700 - 950 | |||||
535.0 | 535.5 | 0.5 | 950- 1600 | |||||
535.5 | 536.0 | 0.5 | 1200 - 4200 | |||||
536.0 | 536.5 | 0.5 | 1200 - 6100 | |||||
536.5 | 537.0 | 0.5 | 600 - 1600 | |||||
537.0 | 537.5 | 0.5 | 3000 - 14000 | |||||
537.5 | 538.0 | 0.5 | >61000 | |||||
538.0 | 538.1 | 0.1 | 45000 - 55000 | |||||
538.1 | 538.5 | 0.4 | >61000 | |||||
538.5 | 539.0 | 0.5 | 850 - 6500 | |||||
539.0 | 539.1 | 0.1 | 900 - 1200 | |||||
539.1 | 539.2 | 0.1 | 25000 - 55000 | |||||
539.2 | 539.5 | 0.3 | 20000 - 37000 | |||||
539.5 | 539.6 | 0.1 | >61000 | |||||
539.6 | 539.7 | 0.1 | 25000 - 55000 | |||||
539.7 | 540.0 | 0.3 | >61000 | |||||
540.0 | 540.5 | 0.5 | 1700 - 6500 | |||||
540.5 | 541.0 | 0.5 | 800- 1400 | |||||
541.0 | 541.5 | 0.5 | <500 - 900 | |||||
541.5 | 542.0 | 0.5 | <500 | |||||
542.0 | 542.5 | 0.5 | <500 - 1200 | |||||
542.5 | 543.0 | 0.5 | <500 - 1200 | |||||
543.0 | 543.5 | 0.5 | <500 - 1600 | |||||
544.0 | 544.5 | 0.5 | 600 - 3800 | |||||
544.5 | 545.0 | 0.5 | <500 - 9400 | |||||
545.0 | 545.5 | 0.5 | <500 | |||||
552.0 | 552.5 | 0.5 | <500 - 1500 | |||||
552.5 | 553.0 | 0.5 | <500 - 700 | |||||
553.0 | 553.5 | 0.5 | <500 | |||||
562.0 | 562.5 | 0.5 | <500 | |||||
562.5 | 563.0 | 0.5 | <500 - 600 | |||||
563.0 | 563.5 | 0.5 | <500 | |||||
563.5 | 564.0 | 0.5 | <500 | |||||
RK-25-228 | 330 | -75 | 609.0 | 117.1 | 493.0 | 493.5 | 0.5 | <500 |
494.5 | 495.0 | 0.5 | <500 - 800 | |||||
495.5 | 496.0 | 0.5 | <500 | |||||
508.0 | 508.5 | 0.5 | <500 | |||||
537.5 | 538.0 | 0.5 | <500 - 700 | |||||
545.5 | 546.0 | 0.5 | <500 - 3000 | |||||
561.5 | 562.0 | 0.5 | <500 | |||||
562.0 | 562.5 | 0.5 | <500 | |||||
RK-25-229 | 350 | -70 | 681.4 | 113.2 | 570.0 | 570.5 | 0.5 | <500 |
570.5 | 571.0 | 0.5 | <500 | |||||
571.0 | 571.5 | 0.5 | <500 | |||||
573.5 | 574.0 | 0.5 | <500 | |||||
576.5 | 577.0 | 0.5 | <500 | |||||
578.0 | 578.5 | 0.5 | <500 | |||||
578.5 | 579.0 | 0.5 | <500 - 700 | |||||
582.0 | 582.5 | 0.5 | <500 - 600 | |||||
606.5 | 607.0 | 0.5 | <500 - 30000 | |||||
607.0 | 607.5 | 0.5 | <500 - 19000 | |||||
607.5 | 608.0 | 0.5 | <500 - 3400 | |||||
622.5 | 623.0 | 0.5 | <500 - 2200 | |||||
623.0 | 623.5 | 0.5 | <500 - 1400 | |||||
633.5 | 634.0 | 0.5 | <500 | |||||
636.5 | 637.0 | 0.5 | <500 - 3700 | |||||
RK-25-230 | 330 | -70 | 598.0 | 112.5 | 441.5 | 442.0 | 0.5 | <500- 6700 |
442.0 | 442.5 | 0.5 | <500 - 1800 | |||||
442.5 | 443.0 | 0.5 | <500 - 640 | |||||
443.0 | 443.5 | 0.5 | <500 - 640 | |||||
446.5 | 447.0 | 0.5 | <500 | |||||
447.0 | 447.5 | 0.5 | <500 - 720 | |||||
447.5 | 448.0 | 0.5 | <500 - 1400 | |||||
448.0 | 448.5 | 0.5 | <500 - 1800 | |||||
448.5 | 449.0 | 0.5 | <500 - 620 | |||||
475.0 | 475.5 | 0.5 | <500 | |||||
475.5 | 476.0 | 0.5 | <500 - 1700 | |||||
476.0 | 476.5 | 0.5 | <500 - 1660 | |||||
476.5 | 477.0 | 0.5 | <500 - 580 | |||||
477.0 | 477.5 | 0.5 | <500 - 1050 | |||||
477.5 | 478.0 | 0.5 | <500 - 540 | |||||
478.0 | 478.5 | 0.5 | <500 - 1080 | |||||
479.0 | 479.5 | 0.5 | <500 - 710 | |||||
479.5 | 480.0 | 0.5 | <500 | |||||
480.0 | 480.5 | 0.5 | <500 | |||||
480.5 | 481.0 | 0.5 | <500 | |||||
481.0 | 481.5 | 0.5 | <500 - 860 | |||||
481.5 | 482.0 | 0.5 | <500 - 1820 | |||||
482.0 | 482.5 | 0.5 | <500 - 1100 | |||||
482.5 | 483.0 | 0.5 | <500 - 2700 | |||||
483.0 | 483.5 | 0.5 | <500 - 10000 | |||||
483.5 | 484.0 | 0.5 | <500 - 520 | |||||
484.0 | 484.5 | 0.5 | <500 | |||||
484.5 | 485.0 | 0.5 | <500 - 1360 | |||||
485.0 | 485.5 | 0.5 | <500 - 1350 | |||||
485.5 | 486.0 | 0.5 | 680 - 3400 | |||||
486.0 | 486.5 | 0.5 | 540 - 2500 | |||||
486.5 | 487.0 | 0.5 | <500 | |||||
487.0 | 487.5 | 0.5 | <500 - 4420 | |||||
487.5 | 488.0 | 0.5 | 740 - 7800 | |||||
488.0 | 488.5 | 0.5 | <500 - 8000 | |||||
488.5 | 489.0 | 0.5 | <500 - 2300 | |||||
489.0 | 489.5 | 0.5 | 730 - 1900 | |||||
489.5 | 490.0 | 0.5 | 820 - 7550 | |||||
490.0 | 490.5 | 0.5 | <500 - 1250 | |||||
490.5 | 491.0 | 0.5 | <500 | |||||
491.0 | 491.5 | 0.5 | <500 | |||||
491.5 | 492.0 | 0.5 | <500 | |||||
492.0 | 492.5 | 0.5 | <500 | |||||
492.5 | 493.0 | 0.5 | <500 - 1140 | |||||
493.0 | 493.2 | 0.2 | >61000 | |||||
493.2 | 493.4 | 0.2 | 8000 - 28000 | |||||
493.4 | 493.5 | 0.1 | >61000 | |||||
493.5 | 494.0 | 0.5 | <500 - 31000 | |||||
494.0 | 494.5 | 0.5 | <500 - 5100 | |||||
494.5 | 495.0 | 0.5 | <500 - 1160 | |||||
495.0 | 495.5 | 0.5 | 2200 - 2200 | |||||
495.5 | 496.0 | 0.5 | <500 - 1650 | |||||
496.0 | 496.5 | 0.5 | <500 - 3700 | |||||
496.5 | 497.0 | 0.5 | 1400 - 2600 | |||||
497.0 | 497.5 | 0.5 | <500 - 4500 | |||||
497.5 | 497.7 | 0.2 | 540 - 1100 | |||||
497.7 | 498.0 | 0.3 | >61000 | |||||
498.0 | 498.5 | 0.5 | 1200 - 44000 | |||||
498.5 | 498.7 | 0.2 | >61000 | |||||
498.7 | 499.0 | 0.3 | 5200 - 24000 | |||||
499.0 | 499.5 | 0.5 | 540 - 8000 | |||||
499.5 | 500.0 | 0.5 | <500 - 680 | |||||
RK-25-231 | 329 | -69.5 | 885.0 | 102.7 | 677.0 | 677.5 | 0.5 | <500 - 920 |
683.0 | 683.5 | 0.5 | <500 -1200 | |||||
683.5 | 684.0 | 0.5 | <500 - 1500 | |||||
684.0 | 684.5 | 0.5 | 580 - 1000 | |||||
685.0 | 685.5 | 0.5 | <500 | |||||
686.0 | 686.5 | 0.5 | <500 | |||||
686.5 | 687.0 | 0.5 | <500 - 4000 | |||||
687.0 | 687.5 | 0.5 | <500 | |||||
687.5 | 688.0 | 0.5 | <500 - 6700 | |||||
688.0 | 688.5 | 0.5 | <500 - 20000 | |||||
689.0 | 689.5 | 0.5 | <500 - 6000 | |||||
689.5 | 690.0 | 0.5 | <500 - 1000 | |||||
690.0 | 690.5 | 0.5 | <500 - 2200 | |||||
692.5 | 693.0 | 0.5 | <500 - 3600 | |||||
693.0 | 693.5 | 0.5 | <500 - 4800 | |||||
693.5 | 694.0 | 0.5 | 700 - 8100 | |||||
694.0 | 694.5 | 0.5 | 4200 - 31000 | |||||
694.5 | 695.0 | 0.5 | <500 - 11000 | |||||
695.0 | 695.5 | 0.5 | 2000 - 21000 | |||||
695.5 | 696.0 | 0.5 | 2000 - 17000 | |||||
696.0 | 696.5 | 0.5 | 1200 - 16000 | |||||
696.5 | 697.0 | 0.5 | 1500 - 6600 | |||||
697.0 | 697.5 | 0.5 | 600 - 20000 | |||||
697.5 | 698.0 | 0.5 | 3100 - 11000 | |||||
698.0 | 698.5 | 0.5 | 3400 - 20000 | |||||
698.5 | 699.0 | 0.5 | 3700 - 12000 | |||||
699.0 | 699.5 | 0.5 | 620 - 2400 | |||||
699.5 | 700.0 | 0.5 | <500 | |||||
701.5 | 702.0 | 0.5 | <500 | |||||
704.0 | 704.5 | 0.5 | <500 | |||||
706.5 | 707.0 | 0.5 | <500 - 16000 | |||||
707.0 | 707.5 | 0.5 | <500 - 900 | |||||
707.5 | 708.0 | 0.5 | <500 - 800 | |||||
708.0 | 708.5 | 0.5 | <500 - 8000 | |||||
708.5 | 709.0 | 0.5 | 700 - 16000 | |||||
709.0 | 709.5 | 0.5 | <500 - 720 | |||||
709.5 | 710.5 | 1.0 | <500 | |||||
711.5 | 712.5 | 1.0 | <500 | |||||
713.0 | 714.0 | 0.5 | <500 | |||||
716.0 | 716.5 | 0.5 | <500 - 15000 | |||||
716.5 | 717.0 | 0.5 | <500 - 2800 | |||||
725.5 | 726.0 | 0.5 | <500 - 9500 | |||||
729.5 | 730.0 | 0.5 | <500 - 1100 | |||||
731.5 | 732.0 | 0.5 | <500-1300 | |||||
732.0 | 732.5 | 0.5 | < 300 - 2300 | |||||
734.0 | 734.5 | 0.5 | <500 - 2300 | |||||
737.0 | 737.5 | 0.5 | <500 | |||||
RK-25-232 | 330 | -70 | 501.0 | 112.5 | 395.0 | 395.5 | 0.5 | <500 - 750 |
408.0 | 408.5 | 0.5 | <500 | |||||
408.5 | 409.0 | 0.5 | <500 - 650 | |||||
409.5 | 410.0 | 0.5 | <500 - 900 | |||||
411.5 | 412.0 | 0.5 | <500 - 700 | |||||
411.5 | 412.0 | 0.5 | <500 - 1100 | |||||
424.5 | 425.0 | 0.5 | <500 | |||||
426.5 | 428.0 | 1.5 | <500 | |||||
435.5 | 438.0 | 2.5 | <500 - 660 | |||||
444.5 | 445.5 | 1.0 | <500 - 500 | |||||
449.5 | 450.0 | 0.5 | <500 - 650 | |||||
450.5 | 451.0 | 0.5 | <500 | |||||
452.0 | 452.5 | 0.5 | <500 - 1100 | |||||
452.5 | 453.0 | 0.5 | 3200 - 9700 | |||||
453.0 | 453.5 | 0.5 | 3100 - 7500 | |||||
453.5 | 454.0 | 0.5 | 900 - 2500 | |||||
454.5 | 455.0 | 0.5 | 700 - 2300 | |||||
455.0 | 455.5 | 0.5 | 8300 - 24000 | |||||
455.5 | 456.0 | 0.5 | 1100 - 2200 | |||||
456.0 | 456.5 | 0.5 | 1100 - 4800 | |||||
456.5 | 457.0 | 0.5 | 4400 - 10000 | |||||
457.0 | 457.5 | 0.5 | 1100 - 17000 | |||||
457.5 | 457.8 | 0.3 | 24000 - 54000 | |||||
457.8 | 458.0 | 0.2 | >61000 | |||||
458.0 | 458.1 | 0.1 | 32000 - 45000 | |||||
458.1 | 460.3 | 2.2 | >61000 | |||||
460.3 | 460.5 | 0.2 | 1500 - 3400 | |||||
460.5 | 460.6 | 0.1 | 16000 - 54000 | |||||
460.6 | 461.3 | 0.7 | >61000 | |||||
461.3 | 461.5 | 0.2 | 2500 - 20000 | |||||
461.5 | 462.0 | 0.5 | 600 -1200 | |||||
462.0 | 462.5 | 0.5 | 600 - 2700 | |||||
462.5 | 463.0 | 0.5 | 1200 - 1400 | |||||
463.0 | 463.5 | 0.5 | 6600 - 34000 | |||||
463.5 | 463.6 | 0.1 | 16000 - 25000 | |||||
463.6 | 463.8 | 0.2 | 1200 - 2200 | |||||
463.8 | 464.1 | 0.3 | >61000 | |||||
464.1 | 464.3 | 0.2 | 25000 - 45000 | |||||
464.3 | 464.8 | 0.5 | >61000 | |||||
464.8 | 465.0 | 0.2 | 900 - 1200 | |||||
465.0 | 465.3 | 0.3 | 1500 - 2500 | |||||
465.3 | 465.5 | 0.2 | 14000 - 45000 | |||||
465.5 | 466.0 | 0.5 | <500 - 1100 | |||||
466.0 | 466.5 | 0.5 | <500 - 800 | |||||
466.5 | 467.0 | 0.5 | <500 - 5500 | |||||
467.0 | 467.5 | 0.5 | <500 | |||||
467.5 | 468.0 | 0.5 | <500 - 650 | |||||
468.0 | 468.5 | 0.5 | <500 | |||||
468.5 | 469.0 | 0.5 | <500 | |||||
469.0 | 469.5 | 0.5 | <500 | |||||
469.5 | 470.0 | 0.5 | <500 | |||||
470.0 | 470.5 | 0.5 | <500 | |||||
470.5 | 471.0 | 0.5 | <500 | |||||
471.0 | 471.5 | 0.5 | <500 | |||||
471.5 | 472.0 | 0.5 | <500 | |||||
472.5 | 473.0 | 0.5 | <500 | |||||
480.0 | 480.5 | 0.5 | <500 | |||||
481.5 | 482.0 | 0.5 | <500 | |||||
482.0 | 482.5 | 0.5 | <500 - 610 | |||||
482.5 | 483.0 | 0.5 | <500 | |||||
483.5 | 484.0 | 0.5 | <500 - 520 | |||||
484.0 | 484.5 | 0.5 | <500 | |||||
484.5 | 485.0 | 0.5 | 1100 - 1100 | |||||
485.0 | 485.5 | 0.5 | <500 | |||||
485.5 | 486.0 | 0.5 | <500 - 1400 | |||||
486.0 | 486.5 | 0.5 | <500 - 600 | |||||
486.5 | 487.0 | 0.5 | <500 | |||||
491.0 | 491.5 | 0.5 | <500 | |||||
491.5 | 492.0 | 0.5 | <500 | |||||
495.5 | 496.0 | 0.5 | <500 - 3400 | |||||
496.0 | 496.5 | 0.5 | <500 - 750 | |||||
496.5 | 497.0 | 0.5 | <500 - 700 | |||||
499.0 | 499.5 | 0.5 | <500 | |||||
499.5 | 500.0 | 0.5 | <500 - 1200 | |||||
500.0 | 500.5 | 0.5 | <500 - 1200 | |||||
500.5 | 501.0 | 0.5 | <500 | |||||
502.0 | 502.5 | 0.5 | <500 - 800 | |||||
502.5 | 503.0 | 0.5 | 900 - 900 | |||||
503.0 | 503.5 | 0.5 | <500 - 650 | |||||
505.0 | 505.5 | 0.5 | <500 | |||||
509.5 | 510.0 | 0.5 | <500 | |||||
510.0 | 510.5 | 0.5 | <500 | |||||
515.5 | 516.0 | 0.5 | <500 | |||||
516.0 | 516.5 | 0.5 | <500 | |||||
RK-25-233 | 330 | -70 | 694.0 | 109.7 | 561.0 | 561.5 | 0.5 | <500 - 600 |
561.5 | 562.0 | 0.5 | <500 | |||||
562.0 | 563.5 | 1.5 | <500 | |||||
563.5 | 564.0 | 0.5 | <500 - 650 | |||||
564.0 | 565.0 | 1.0 | <500 | |||||
565.0 | 565.5 | 0.5 | <500 - 700 | |||||
565.5 | 566.0 | 0.5 | <500 | |||||
566.0 | 566.5 | 0.5 | <500 - 600 | |||||
566.5 | 567.0 | 0.5 | <500 | |||||
567.0 | 567.5 | 0.5 | <500 - 600 | |||||
567.5 | 569.5 | 2.0 | <500 | |||||
570.0 | 571.0 | 1.0 | <500 | |||||
571.0 | 571.5 | 0.5 | <500 - 600 | |||||
571.5 | 572.0 | 0.5 | <500 | |||||
575.0 | 575.5 | 0.5 | <500 | |||||
576.0 | 576.5 | 0.5 | <500 - 1000 | |||||
576.5 | 577.0 | 0.5 | <500 - 600 | |||||
577.0 | 577.5 | 0.5 | 600 - 1200 | |||||
577.5 | 578.0 | 0.5 | <500 - 1100 | |||||
578.0 | 578.4 | 0.4 | 1000 - 8500 | |||||
578.4 | 578.8 | 0.4 | >61000 | |||||
578.8 | 579.0 | 0.2 | 600 - 1000 | |||||
579.0 | 579.5 | 0.5 | 2500 - 11000 | |||||
579.5 | 580.0 | 0.5 | 2000 - 8000 | |||||
580.0 | 580.5 | 0.5 | 800 - 15000 | |||||
580.5 | 581.0 | 0.5 | 500 - 650 | |||||
581.0 | 581.5 | 0.5 | <500 - 600 | |||||
581.5 | 582.0 | 0.5 | <500 | |||||
582.5 | 584.0 | 1.5 | <500 | |||||
584.0 | 584.5 | 0.5 | <500 - 4000 | |||||
584.5 | 585.0 | 0.5 | 1000 - 4300 | |||||
585.0 | 585.5 | 0.5 | 2000 - 7000 | |||||
585.5 | 586.0 | 0.5 | 1500 - 8500 | |||||
586.0 | 586.5 | 0.5 | 2000 - 6000 | |||||
586.5 | 587.0 | 0.5 | 20000 - 45000 | |||||
587.0 | 587.5 | 0.5 | 20000 - 40000 | |||||
587.5 | 588.0 | 0.5 | 1000 - 17000 | |||||
588.0 | 588.5 | 0.5 | 500 - 1200 | |||||
588.5 | 589.0 | 0.5 | <500 - 650 | |||||
589.0 | 589.5 | 0.5 | 700 - 2400 | |||||
589.5 | 591.0 | 1.5 | <500 | |||||
591.0 | 591.5 | 0.5 | <500 - 1000 | |||||
591.5 | 592.5 | 1.0 | <500 | |||||
592.5 | 593.0 | 0.5 | <500 - 650 | |||||
593.0 | 593.5 | 0.5 | <500 | |||||
593.5 | 594.0 | 0.5 | <500 - 600 | |||||
594.0 | 594.5 | 0.5 | <500 - 1200 | |||||
594.5 | 595.0 | 0.5 | 1200 - 2400 | |||||
595.0 | 595.5 | 0.5 | 500 - 700 | |||||
603.0 | 603.5 | 0.5 | <500 | |||||
603.5 | 604.0 | 0.5 | <500 - 4500 | |||||
604.0 | 604.5 | 0.5 | 10000 - 30000 | |||||
604.5 | 605.0 | 0.5 | 6000 - 13000 | |||||
605.0 | 605.5 | 0.5 | 700 - 1000 | |||||
605.5 | 606.0 | 0.5 | 500 - 1300 | |||||
606.0 | 606.5 | 0.5 | 500 - 1400 | |||||
606.5 | 607.0 | 0.5 | <500 | |||||
607.0 | 607.5 | 0.5 | 500 - 1500 | |||||
607.5 | 608.0 | 0.5 | <500 - 1300 | |||||
608.0 | 609.0 | 1.0 | <500 | |||||
609.0 | 609.5 | 0.5 | <500 | |||||
624.5 | 625.0 | 0.5 | <500 - 600 | |||||
625.0 | 625.5 | 0.5 | <500 - 1100 | |||||
625.5 | 626.0 | 0.5 | <500 - 550 | |||||
629.5 | 630.0 | 0.5 | <500 | |||||
630.0 | 630.5 | 0.5 | <500 - 750 | |||||
633.5 | 634.0 | 0.5 | <500 | |||||
634.0 | 634.5 | 0.5 | <500 - 550 | |||||
634.5 | 635.0 | 0.5 | <500 - 900 | |||||
635.0 | 635.5 | 0.5 | <500 - 1100 | |||||
635.5 | 636.0 | 0.5 | 2500 - 5000 | |||||
RK-25-234 | 330 | -70 | 747.0 | 113.0 | 668.0 | 668.5 | 0.5 | <500 |
672.0 | 672.5 | 0.5 | <500 - 1200 | |||||
672.5 | 673.0 | 0.5 | <500 - 630 | |||||
675.0 | 675.5 | 0.5 | <500 -520 | |||||
675.5 | 676.0 | 0.5 | <500 | |||||
677.0 | 677.5 | 0.5 | <500 - 520 | |||||
677.5 | 678.0 | 0.5 | <500 | |||||
679.5 | 680.0 | 0.5 | <500 | |||||
682.0 | 682.5 | 0.5 | <500 | |||||
685.0 | 685.5 | 0.5 | <500 | |||||
687.0 | 687.5 | 0.5 | <500 - 9000 | |||||
687.5 | 687.7 | 0.2 | 2000 - 14000 | |||||
687.7 | 687.8 | 0.1 | >61000 | |||||
687.8 | 688.0 | 0.2 | 550 - 3300 | |||||
688.0 | 688.5 | 0.5 | <500 - 8800 | |||||
RK-25-235 | 270 | -70 | TBD | 105.5 | In Progress | |||
RK-25-236 | 267 | -65 | 541.0 | 129.0 | 377.5 | 379.0 | 1.5 | <500 |
379.0 | 379.5 | 0.5 | <500 - 600 | |||||
379.5 | 380.0 | 0.5 | <500 - 1100 | |||||
380.0 | 380.5 | 0.5 | <500 | |||||
380.5 | 381.0 | 0.5 | 870 - 3400 | |||||
381.0 | 381.5 | 0.5 | 1300 - 4400 | |||||
381.5 | 382.0 | 0.5 | <500 - 1450 | |||||
382.0 | 382.5 | 0.5 | <500 | |||||
393.0 | 394.0 | 1.0 | <500 | |||||
395.0 | 396.0 | 1.0 | <500 | |||||
396.0 | 396.5 | 0.5 | <500 - 1000 | |||||
396.5 | 397.0 | 0.5 | 600 - 1050 | |||||
397.0 | 397.5 | 0.5 | 550 - 1180 | |||||
400.5 | 401.0 | 0.5 | <500 | |||||
401.0 | 401.5 | 0.5 | 560 - 980 | |||||
401.5 | 402.0 | 0.5 | 2300 - 25000 | |||||
402.0 | 402.5 | 0.5 | 850 - 1130 | |||||
402.5 | 403.0 | 0.5 | <500 - 2250 | |||||
404.0 | 404.5 | 0.5 | <500 | |||||
411.0 | 414.0 | 3.0 | <500 | |||||
414.5 | 415.0 | 0.5 | <500 | |||||
427.5 | 428.0 | 0.5 | <500 - 570 | |||||
428.0 | 428.5 | 0.5 | <500 - 600 | |||||
457.5 | 458.0 | 0.5 | <500 - 525 | |||||
458.0 | 458.5 | 0.5 | <500 - 720 | |||||
458.5 | 459.0 | 0.5 | <500 - 530 | |||||
459.0 | 459.5 | 0.5 | <500 - 600 | |||||
459.5 | 460.0 | 0.5 | <500 | |||||
460.0 | 460.5 | 0.5 | <500 - 550 | |||||
461.5 | 462.0 | 0.5 | <500 | |||||
464.0 | 465.0 | 1.0 | <500 | |||||
465.0 | 465.5 | 0.5 | <500 - 3000 | |||||
465.5 | 466.0 | 0.5 | <500 -980 | |||||
466.0 | 466.5 | 0.5 | 900 - 11000 | |||||
466.5 | 467.0 | 0.5 | 1000 - 5500 | |||||
467.0 | 467.5 | 0.5 | 3000 - 16000 | |||||
467.5 | 467.8 | 0.3 | 1300 - 57000 | |||||
467.8 | 468.1 | 0.3 | >61000 | |||||
468.1 | 468.5 | 0.4 | 7000 - 40000 | |||||
468.5 | 469.0 | 0.5 | 1500 - 9000 | |||||
469.0 | 469.5 | 0.5 | 2000 - 11000 | |||||
469.5 | 470.0 | 0.5 | 500 - 800 | |||||
470.0 | 470.5 | 0.5 | <500 - 550 | |||||
475.5 | 477.5 | 2.0 | <500 | |||||
477.5 | 478.0 | 0.5 | <500 - 860 | |||||
478.0 | 478.5 | 0.5 | <500 | |||||
478.5 | 479.0 | 0.5 | <500 - 950 | |||||
516.5 | 517.0 | 0.5 | <500 | |||||
RK-25-237 | 340 | -70 | TBD | 104.6 | In progress | |||
RK-25-238 | 279 | -67 | TBD | TBD | In progress | |||
- All depths and intervals are meters downhole, true thicknesses are yet to be determined.
- "Off-scale" refers to >61,000 cps total readings by gamma spectrometer type RS-125.
- "Anomalous" means >500 cps (counts per second) total count gamma readings by gamma scintillometer type RS-120.
- Where "CPS Range" is <500 cps, this refers to local low radiometric zones within the overall radioactive interval.
- Unconformity of 'N/A' denotes a lack of visible contact between Athabasca sandstone and basement rock.
- Maximum internal dilution 2.0 m downhole.
- All depths and intervals are metres downhole, true thicknesses are yet to be determined. Resource modelling in conjunction with an updated mineral resource estimate is required before true thicknesses can be determined.
About NexGen
NexGen Energy is a Canadian company focused on delivering clean energy fuel for the future. The Company's flagship Rook I Project is being optimally developed into the largest low-cost producing uranium mine globally, incorporating the most elite environmental and social governance standards. The Rook I Project is supported by an N.I. 43-101 compliant Feasibility Study, which outlines the elite environmental performance and industry-leading economics. NexGen is led by a team of experienced uranium and mining industry professionals with expertise across the entire mining life cycle, including exploration, financing, project engineering and construction, operations and closure. NexGen is leveraging its proven experience to deliver a Project that leads the entire mining industry socially, technically and environmentally. The Project and prospective portfolio in northern
NexGen is listed on the Toronto Stock Exchange, the New York Stock Exchange under the ticker symbol "NXE," and on the Australian Securities Exchange under the ticker symbol "NXG," providing access to global investors to participate in NexGen's mission of solving three major global challenges in decarbonization, energy security and access to power. The Company is headquartered in
Technical Disclosure*
All technical information in this news release has been reviewed and approved by Jason Craven, NexGen's Vice President, Exploration, a qualified person under National Instrument 43-101.
Natural gamma radiation in drill core reported in this news release was measured in counts per second (cps) using a Radiation Solutions Inc. RS-125 gamma spectrometer. The reader is cautioned that total count gamma readings may not be directly or uniformly related to uranium grades of the rock sample measured; they should be used only as a preliminary indication of the presence of radioactive minerals.
A technical report in respect of the FS is filed on SEDAR ( www.sedar.com ) and EDGAR (www.sec.gov/edgar.shtml ) and is available for review on NexGen Energy's website (www.nexgenenergy.ca ).
Cautionary Note to U.S. Investors
This news release includes Mineral Reserves and Mineral Resources classification terms that comply with reporting standards in Canada and the Mineral Reserves and the Mineral Resources estimates are made in accordance with NI 43-101. NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. These standards differ from the requirements of the Securities and Exchange Commission ("SEC") set by the SEC's rules that are applicable to domestic United States reporting companies. Consequently, Mineral Reserves and Mineral Resources information included in this news release is not comparable to similar information that would generally be disclosed by domestic
Forward-Looking Information
The information contained herein contains "forward-looking statements" within the meaning of applicable United States securities laws and regulations and "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to mineral reserve and mineral resource estimates, the 2021 Arrow Deposit, Rook I Project and estimates of uranium production, grade and long-term average uranium prices, anticipated effects of completed drill results on the Rook I Project, planned work programs, completion of further site investigations and engineering work to support basic engineering of the project and expected outcomes. Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. Statements relating to "mineral resources" are deemed to be forward-looking information, as they involve the implied assessment that, based on certain estimates and assumptions, the mineral resources described can be profitably produced in the future.
Forward-looking information and statements are based on the then current expectations, beliefs, assumptions, estimates and forecasts about NexGen's business and the industry and markets in which it operates. Forward-looking information and statements are made based upon numerous assumptions, including among others, that the mineral reserve and resources estimates and the key assumptions and parameters on which such estimates are based are as set out in this news release and the technical report for the property , the results of planned exploration activities are as anticipated, the price and market supply of uranium, the cost of planned exploration activities, that financing will be available if and when needed and on reasonable terms, that third party contractors, equipment, supplies and governmental and other approvals required to conduct NexGen's planned exploration activities will be available on reasonable terms and in a timely manner and that general business and economic conditions will not change in a material adverse manner. Although the assumptions made by the Company in providing forward looking information or making forward looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate in the future.
Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual results, performances and achievements of NexGen to differ materially from any projections of results, performances and achievements of NexGen expressed or implied by such forward-looking information or statements, including, among others, the existence of negative operating cash flow and dependence on third party financing, uncertainty of the availability of additional financing, the risk that pending assay results will not confirm previously announced preliminary results, conclusions of economic valuations, the risk that actual results of exploration activities will be different than anticipated, the cost of labour, equipment or materials will increase more than expected, that the future price of uranium will decline or otherwise not rise to an economic level, the appeal of alternate sources of energy to uranium-produced energy, that the Canadian dollar will strengthen against the
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or statements or implied by forward-looking information or statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Readers are cautioned not to place undue reliance on forward-looking information or statements due to the inherent uncertainty thereof.
There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.
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SOURCE NexGen Energy Ltd.
FAQ
What are the key findings from NexGen's (NXE) latest drilling results at Rook I?
How has the high-grade zone at Patterson Corridor East (PCE) expanded in 2025?
What is the significance of RK-25-232's results for NexGen's (NXE) exploration program?
When will NexGen (NXE) report the assay results from their 2024 drilling program?
