StockNews.AI
NXE
StockNews.AI
148 days

NexGen Announces Best Ever Discovery-Phase Intercept At Rook I Property

1. RK-25-232 drillhole shows 3.9m of >61,000 cps uranium concentration. 2. High-grade subdomain's size increases to 210m strike and 335m vertical extent. 3. Best drill result to date, surpassing results from Arrow property. 4. NexGen ready to start Rook I Project construction pending approvals. 5. Exploration program intends to define and expand high-grade mineralization.

73m saved
Insight
Article

FAQ

Why Very Bullish?

The exceptional drill results indicate high potential uranium resources, likely attracting investor interest. Similar patterns have previously led to price increases for NXE in similar contexts.

How important is it?

The reported high-grade intersections are substantial for NXE's valuation and future production capabilities, marking a pivotal advance in their exploration strategy.

Why Long Term?

Continued exploration and successful resource definition can provide sustained market confidence over time. A structured ramp-up in operations could lead to major profit potential for NXE.

Related Companies

CCJUUUUURG
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 , /PRNewswire/ - NexGen Energy Ltd. ("NexGen" or the "Company") (TSX: NXE) (NYSE: NXE) (ASX: NXG) is excited to announce the best hole drilled to date, RK-25-232 (Figures 1 and 2). This hole has materially expanded the shallow inner high-grade subdomain at Patterson Corridor East (PCE). Figure 1: Interpreted model of mineralization at PCE (as of this release) and same exploration stage of the A2 shear mineralization from Arrow (as of Spring 2015); both are shown on long sections that look perpendicular to their primary mineralized planes; total mineralized footprint in orange and the high-grade subdomains in red; 2019 Feasibility Study notes 174.2 Mlbs U3O8 measured and indicated hosted by final A2 (CNW Group/NexGen Energy Ltd.) Figure 2: Zoomed view of RK-25-232 and surrounding pierce points on the long section, significant space to be tested in all directions (CNW Group/NexGen Energy Ltd.) Figure 3: Core photo of mineralization from RK-25-232; off-scale high-grade mineralization is near continuous within an overall vein width of 13.8 m from 452.2 to 466.0 m; yellow outlines >1,000 cps, red outlines >10,000 cps, purple outlines >61,000 cps (CNW Group/NexGen Energy Ltd.) Figure 4: Massive replacement by uranium mineralization at 460.6 m in RK-25-232; examples of this intense mineralization style are spread throughout the high-grade subdomain (CNW Group/NexGen Energy Ltd.) Drillhole RK-25-232 intersected 3.9 meters ("m") of >61,000 cps, indicating rich uranium concentration within a larger 13.8 m mineralized interval that starts at 452.2 m (Figures 3 and 4, Table 1). It is one of the shallowest high-grade intersections at PCE and open in all directions (including 300 m up dip) within the competent basement rock. Four additional winter drillholes all located a minimum 50 m from RK-25-232 have all encountered high-grade intercepts containing >61,000 cps (RK-25-227, -230, -233, -236) expanding the high-grade subdomain to 210 m along strike and 335 m of vertical extent, doubling in size since last reported in November 2024 (previously 100 m strike and 170 m vertical extent). Ongoing exploration will focus on growing and defining this high-grade zone from hole RK-25-232. Leigh Curyer, Chief Executive Officer, commented: "This intercept from RK-25-232 is geologically exceptional and represents a transformational moment taking PCE into a category to rival Arrow at the same stage of drilling. Discovering mineralization of this intensity so early in our 2025 program outpaces the success pattern experienced at the Arrow Deposit. Incredible, considering Arrow's status on the world stage. To put this into context, the width of high-grade intense mineralization in RK-25-232 at PCE was first encountered at Arrow well into the delineation phase of resource definition. Together with Arrow, it's validation a very significant regional mineralizing event has occurred at Rook I that we are only just beginning to assess the magnitude. Today's result comes at a time the need for Canada to optimize the development of its energy fuel resources has never been more important. NexGen, Saskatchewan and our community partners are ready to immediately commence construction of the Rook I Project subject to the completion of the CNSC approval process."Jason Craven, Vice President, Exploration, commented: "Another exciting evaluation milestone has been achieved by intersecting the surge of mineralization intensity in RK-25-232. Vein-type uranium is known to have high-grade zones within broad, structurally controlled footprints. Our focus is to expand the high-grade subdomain while also investigating for natural repetition within the evolving mineralized footprint, all of which is very similar to the approach to Arrow's resource development."The development of PCE has advanced quickly over the past year; from an initial discovery of new vein-type basement-hosted uranium in February 2024, to a rapidly growing mineralized footprint and expanding high-grade, and now to a best-ever high-grade intersection in RK-25-232. An interpreted 3D model (Figures 1 and 2) provides a new visual representation of the scale and setting of the mineralization.Reporting of assays from 2024 is expected in April once all results have been received and verified.Table 1: 2025 Spectrometer results as of March 13 Drillhole Unconformity Depth (m)                                 Handheld Spectrometer Results (RS-125)                                            Hole ID Azimuth Dip Total Depth (m) From(m) To (m) Width(m) CPS Range RK-25-225 330 -70 684.0 108.6 475.00 475.5 0.5  <500 479.5 480.0 0.5  <500 - 1400 482.0 482.5 0.5  <500 - 850 482.5 483.0 0.5  <500 483.5 484.0 0.5  <500 484.0 484.5 0.5  <500 484.5 485.0 0.5  <500 498.5 499.0 0.5  <500 - 650 499.0 499.5 0.5  <500 - 830 509.0 509.5 0.5  <500 - 1300 509.5 510.0 0.5  <500 510.5 511.0 0.5  <500 - 750 511.0 511.5 0.5  <500 - 1800 517.5 518.0 0.5  <500 523.0 523.5 0.5  <500 523.5 524.0 0.5  <500 526.5 527.0 0.5  <500 539.0 539.5 0.5  <500 539.5 540.0 0.5  <500 540.0 540.5 0.5  <500 541.0 541.5 0.5  <500 - 1600 541.5 542.0 0.5  <500 RK-25-226 330 -70 655.5 N/A 539.0 539.5 0.5  <500 540.5 541.0 0.5  <500 - 550 578.5 579.0 0.5  <500 579.5 580.0 0.5  <500 580.0 580.5 0.5  <500 - 880 580.5 581.0 0.5  <500 - 510 582.0 582.5 0.5  <500 583.0 583.5 0.5  <500 583.5 584.0 0.5  <500 - 2200 584.0 584.5 0.5  <500 - 980 586.5 587.0 0.5  <500 587.0 587.5 0.5  <500 589.0 589.5 0.5  <500 589.5 590.0 0.5  <500 590.0 590.5 0.5  <500 590.5 591.0 0.5  <500 - 730 591.0 591.5 0.5  <500 - 720 591.5 592.0 0.5  <500 592.0 592.5 0.5  <500 - 1200 592.5 593.0 0.5  <500 - 1280 593.0 593.5 0.5  <500 - 1150 594.0 594.5 0.5  <500 - 890 594.5 595.0 0.5  <500 595.0 595.5 0.5 1000 - 5400 595.5 596.0 0.5  <500 596.0 596.5 0.5  <500 597.5 598.0 0.5  <500 598.0 598.5 0.5  <500 - 770 598.5 599.0 0.5  <500 - 1600 599.0 599.5 0.5  <500 599.5 600.0 0.5  <500 - 510 600.0 600.5 0.5  <500 - 710 602.0 602.5 0.5  <500 606.0 606.5 0.5  <500 RK-25-227 330 -70 657.0 113.4 493.0 493.5 0.5  <500 496.0 496.5 0.5  <500 496.5 497.0 0.5  <500 497.5 498.0 0.5  <500 - 950 498.0 498.5 0.5  <500 505.5 506.0 0.5  <500 - 650 506.0 506.5 0.5  <500 - 2300 506.5 507.0 0.5  <500 - 650 507.0 507.5 0.5  <500 - 1500 507.5 508.0 0.5  <500 - 1250 508.0 508.5 0.5  <500 508.5 509.0 0.5  <500 - 1400 509.0 509.5 0.5  <500 - 2500 509.5 510.0 0.5  <500 510.5 511.0 0.5  <500 511.0 511.5 0.5  <500 511.5 512.0 0.5  <500 512.5 513.0 0.5  <500 513.5 514.0 0.5  <500 514.0 514.5 0.5  <500 514.5 515.0 0.5  <500 515.0 515.5 0.5  <500 - 1600 515.5 516.0 0.5  <500 516.0 516.5 0.5 800 - 2000 516.5 517.0 0.5 600 - 2000 517.0 517.5 0.5 700 - 3000 517.5 518.0 0.5 1200 - 5700 518.0 518.5 0.5 1500 - 4500 518.5 519.0 0.5 1000 - 4500 519.0 519.5 0.5  <500 - 1500 519.5 520.0 0.5  <500 - 800 520.0 520.5 0.5 1000 - 14000 520.5 521.0 0.5 500 - 1300 521.0 521.5 0.5 1000 - 3000 521.5 522.0 0.5 800 - 3000 522.0 522.5 0.5 1500 - 5000 522.5 523.0 0.5  <500 - 4000 523.0 523.5 0.5  <500 - 600 523.5 524.0 0.5  <500 - 900 524.0 524.5 0.5  <500 533.0 533.5 0.5  <500 533.5 534.0 0.5  <500 - 1200 534.0 534.5 0.5 1200 - 1200 534.5 535.0 0.5 700 - 950 535.0 535.5 0.5 950- 1600 535.5 536.0 0.5 1200 - 4200 536.0 536.5 0.5 1200 - 6100 536.5 537.0 0.5 600 - 1600 537.0 537.5 0.5 3000 - 14000 537.5 538.0 0.5 >61000 538.0 538.1 0.1 45000 - 55000 538.1 538.5 0.4 >61000 538.5 539.0 0.5 850 - 6500 539.0 539.1 0.1 900 - 1200 539.1 539.2 0.1 25000 - 55000 539.2 539.5 0.3 20000 - 37000 539.5 539.6 0.1 >61000 539.6 539.7 0.1 25000 - 55000 539.7 540.0 0.3 >61000 540.0 540.5 0.5 1700 - 6500 540.5 541.0 0.5 800- 1400 541.0 541.5 0.5  <500 - 900 541.5 542.0 0.5  <500 542.0 542.5 0.5  <500 - 1200 542.5 543.0 0.5  <500 - 1200 543.0 543.5 0.5  <500 - 1600 544.0 544.5 0.5 600 - 3800 544.5 545.0 0.5  <500 - 9400 545.0 545.5 0.5  <500 552.0 552.5 0.5  <500 - 1500 552.5 553.0 0.5  <500 - 700 553.0 553.5 0.5  <500 562.0 562.5 0.5  <500 562.5 563.0 0.5 <500 - 600 563.0 563.5 0.5  <500 563.5 564.0 0.5  <500 RK-25-228 330 -75 609.0 117.1 493.0 493.5 0.5  <500 494.5 495.0 0.5  <500 - 800 495.5 496.0 0.5  <500 508.0 508.5 0.5  <500 537.5 538.0 0.5  <500 - 700 545.5 546.0 0.5  <500 - 3000 561.5 562.0 0.5  <500 562.0 562.5 0.5  <500 RK-25-229 350 -70 681.4 113.2 570.0 570.5 0.5  <500 570.5 571.0 0.5  <500 571.0 571.5 0.5  <500 573.5 574.0 0.5  <500 576.5 577.0 0.5  <500 578.0 578.5 0.5  <500 578.5 579.0 0.5  <500 - 700 582.0 582.5 0.5  <500 - 600 606.5 607.0 0.5  <500 - 30000 607.0 607.5 0.5  <500 - 19000 607.5 608.0 0.5  <500 - 3400 622.5 623.0 0.5  <500 - 2200 623.0 623.5 0.5  <500 - 1400 633.5 634.0 0.5  <500 636.5 637.0 0.5  <500 - 3700 RK-25-230 330 -70 598.0 112.5 441.5 442.0 0.5  <500- 6700 442.0 442.5 0.5  <500 - 1800 442.5 443.0 0.5  <500 - 640 443.0 443.5 0.5  <500 - 640 446.5 447.0 0.5  <500 447.0 447.5 0.5  <500 - 720 447.5 448.0 0.5  <500 - 1400 448.0 448.5 0.5 <500 - 1800 448.5 449.0 0.5  <500 - 620 475.0 475.5 0.5  <500 475.5 476.0 0.5  <500 - 1700 476.0 476.5 0.5  <500 - 1660 476.5 477.0 0.5  <500 - 580 477.0 477.5 0.5  <500 - 1050 477.5 478.0 0.5  <500 - 540 478.0 478.5 0.5  <500 - 1080 479.0 479.5 0.5  <500 - 710 479.5 480.0 0.5  <500 480.0 480.5 0.5  <500 480.5 481.0 0.5  <500 481.0 481.5 0.5  <500 - 860 481.5 482.0 0.5  <500 - 1820 482.0 482.5 0.5  <500 - 1100 482.5 483.0 0.5 <500 - 2700 483.0 483.5 0.5  <500 - 10000 483.5 484.0 0.5  <500 - 520 484.0 484.5 0.5  <500 484.5 485.0 0.5  <500 - 1360 485.0 485.5 0.5  <500 - 1350 485.5 486.0 0.5 680 - 3400 486.0 486.5 0.5 540 - 2500 486.5 487.0 0.5  <500 487.0 487.5 0.5  <500 - 4420 487.5 488.0 0.5 740 - 7800 488.0 488.5 0.5  <500 - 8000 488.5 489.0 0.5  <500 - 2300 489.0 489.5 0.5 730 - 1900 489.5 490.0 0.5 820 - 7550 490.0 490.5 0.5  <500 - 1250 490.5 491.0 0.5  <500 491.0 491.5 0.5  <500 491.5 492.0 0.5  <500 492.0 492.5 0.5  <500 492.5 493.0 0.5  <500 - 1140 493.0 493.2 0.2 >61000 493.2 493.4 0.2 8000 - 28000 493.4 493.5 0.1 >61000 493.5 494.0 0.5  <500 - 31000 494.0 494.5 0.5  <500 - 5100 494.5 495.0 0.5  <500 - 1160 495.0 495.5 0.5 2200 - 2200 495.5 496.0 0.5  <500 - 1650 496.0 496.5 0.5  <500 - 3700 496.5 497.0 0.5 1400 - 2600 497.0 497.5 0.5  <500 - 4500 497.5 497.7 0.2 540 - 1100 497.7 498.0 0.3 >61000 498.0 498.5 0.5 1200 - 44000 498.5 498.7 0.2 >61000 498.7 499.0 0.3 5200 - 24000 499.0 499.5 0.5 540 - 8000 499.5 500.0 0.5  <500 - 680 RK-25-231 329 -69.5 885.0 102.7 677.0 677.5 0.5  <500 - 920 683.0 683.5 0.5  <500 -1200 683.5 684.0 0.5  <500 - 1500 684.0 684.5 0.5 580 - 1000 685.0 685.5 0.5  <500 686.0 686.5 0.5  <500 686.5 687.0 0.5  <500 - 4000 687.0 687.5 0.5  <500 687.5 688.0 0.5  <500 - 6700 688.0 688.5 0.5  <500 - 20000 689.0 689.5 0.5  <500 - 6000 689.5 690.0 0.5  <500 - 1000 690.0 690.5 0.5  <500 - 2200 692.5 693.0 0.5  <500 - 3600 693.0 693.5 0.5  <500 - 4800 693.5 694.0 0.5 700 - 8100 694.0 694.5 0.5 4200 - 31000 694.5 695.0 0.5  <500 - 11000 695.0 695.5 0.5 2000 - 21000 695.5 696.0 0.5 2000 - 17000 696.0 696.5 0.5 1200 - 16000 696.5 697.0 0.5 1500 - 6600 697.0 697.5 0.5 600 - 20000 697.5 698.0 0.5 3100 - 11000 698.0 698.5 0.5 3400 - 20000 698.5 699.0 0.5 3700 - 12000 699.0 699.5 0.5 620 - 2400 699.5 700.0 0.5  <500 701.5 702.0 0.5  <500 704.0 704.5 0.5  <500 706.5 707.0 0.5  <500 - 16000 707.0 707.5 0.5  <500 - 900 707.5 708.0 0.5  <500 - 800 708.0 708.5 0.5  <500 - 8000 708.5 709.0 0.5 700 - 16000 709.0 709.5 0.5  <500 - 720 709.5 710.5 1.0  <500 711.5 712.5 1.0  <500 713.0 714.0 0.5  <500 716.0 716.5 0.5  <500 - 15000 716.5 717.0 0.5  <500 - 2800 725.5 726.0 0.5  <500 - 9500 729.5 730.0 0.5  <500 - 1100 731.5 732.0 0.5  <500-1300 732.0 732.5 0.5  < 300 - 2300 734.0 734.5 0.5  <500 - 2300 737.0 737.5 0.5  <500 RK-25-232 330 -70 501.0 112.5 395.0 395.5 0.5  <500 - 750 408.0 408.5 0.5  <500 408.5 409.0 0.5  <500 - 650 409.5 410.0 0.5  <500 - 900 411.5 412.0 0.5  <500 - 700 411.5 412.0 0.5  <500 - 1100 424.5 425.0 0.5  <500 426.5 428.0 1.5  <500 435.5 438.0 2.5  <500 - 660 444.5 445.5 1.0  <500 - 500 449.5 450.0 0.5  <500 - 650 450.5 451.0 0.5  <500 452.0 452.5 0.5  <500 - 1100 452.5 453.0 0.5 3200 - 9700 453.0 453.5 0.5 3100 - 7500 453.5 454.0 0.5 900 - 2500 454.5 455.0 0.5 700 - 2300 455.0 455.5 0.5 8300 - 24000 455.5 456.0 0.5 1100 - 2200 456.0 456.5 0.5 1100 - 4800 456.5 457.0 0.5 4400 - 10000 457.0 457.5 0.5 1100 - 17000 457.5 457.8 0.3 24000 - 54000 457.8 458.0 0.2 >61000 458.0 458.1 0.1 32000 - 45000 458.1 460.3 2.2 >61000 460.3 460.5 0.2 1500 - 3400 460.5 460.6 0.1 16000 - 54000 460.6 461.3 0.7 >61000 461.3 461.5 0.2 2500 - 20000 461.5 462.0 0.5 600 -1200 462.0 462.5 0.5 600 - 2700 462.5 463.0 0.5 1200 - 1400 463.0 463.5 0.5 6600 - 34000 463.5 463.6 0.1 16000 - 25000 463.6 463.8 0.2 1200 - 2200 463.8 464.1 0.3 >61000 464.1 464.3 0.2 25000 - 45000 464.3 464.8 0.5 >61000 464.8 465.0 0.2 900 - 1200 465.0 465.3 0.3 1500 - 2500 465.3 465.5 0.2 14000 - 45000 465.5 466.0 0.5  <500 - 1100 466.0 466.5 0.5  <500 - 800 466.5 467.0 0.5  <500 - 5500 467.0 467.5 0.5  <500 467.5 468.0 0.5  <500 - 650 468.0 468.5 0.5  <500 468.5 469.0 0.5  <500 469.0 469.5 0.5  <500 469.5 470.0 0.5  <500 470.0 470.5 0.5  <500 470.5 471.0 0.5  <500 471.0 471.5 0.5  <500 471.5 472.0 0.5  <500 472.5 473.0 0.5  <500 480.0 480.5 0.5  <500 481.5 482.0 0.5  <500 482.0 482.5 0.5  <500 - 610 482.5 483.0 0.5  <500 483.5 484.0 0.5  <500 - 520 484.0 484.5 0.5  <500 484.5 485.0 0.5 1100 - 1100 485.0 485.5 0.5  <500 485.5 486.0 0.5  <500 - 1400 486.0 486.5 0.5  <500 - 600 486.5 487.0 0.5  <500 491.0 491.5 0.5  <500 491.5 492.0 0.5  <500 495.5 496.0 0.5  <500 - 3400 496.0 496.5 0.5  <500 - 750 496.5 497.0 0.5  <500 - 700 499.0 499.5 0.5  <500 499.5 500.0 0.5  <500 - 1200 500.0 500.5 0.5  <500 - 1200 500.5 501.0 0.5  <500 502.0 502.5 0.5  <500 - 800 502.5 503.0 0.5 900 - 900 503.0 503.5 0.5  <500 - 650 505.0 505.5 0.5  <500 509.5 510.0 0.5  <500 510.0 510.5 0.5  <500 515.5 516.0 0.5  <500 516.0 516.5 0.5  <500 RK-25-233 330 -70 694.0 109.7 561.0 561.5 0.5  <500 - 600 561.5 562.0 0.5  <500 562.0 563.5 1.5  <500 563.5 564.0 0.5  <500 - 650 564.0 565.0 1.0  <500 565.0 565.5 0.5  <500 - 700 565.5 566.0 0.5  <500 566.0 566.5 0.5  <500 - 600 566.5 567.0 0.5  <500 567.0 567.5 0.5  <500 - 600 567.5 569.5 2.0  <500 570.0 571.0 1.0  <500 571.0 571.5 0.5  <500 - 600 571.5 572.0 0.5  <500 575.0 575.5 0.5  <500 576.0 576.5 0.5  <500 - 1000 576.5 577.0 0.5  <500 - 600 577.0 577.5 0.5 600 - 1200 577.5 578.0 0.5  <500 - 1100 578.0 578.4 0.4 1000 - 8500 578.4 578.8 0.4 >61000 578.8 579.0 0.2 600 - 1000 579.0 579.5 0.5 2500 - 11000 579.5 580.0 0.5 2000 - 8000 580.0 580.5 0.5 800 - 15000 580.5 581.0 0.5 500 - 650 581.0 581.5 0.5  <500 - 600 581.5 582.0 0.5  <500 582.5 584.0 1.5  <500 584.0 584.5 0.5  <500 - 4000 584.5 585.0 0.5 1000 - 4300 585.0 585.5 0.5 2000 - 7000 585.5 586.0 0.5 1500 - 8500 586.0 586.5 0.5 2000 - 6000 586.5 587.0 0.5 20000 - 45000 587.0 587.5 0.5 20000 - 40000 587.5 588.0 0.5 1000 - 17000 588.0 588.5 0.5 500 - 1200 588.5 589.0 0.5  <500 - 650 589.0 589.5 0.5 700 - 2400 589.5 591.0 1.5  <500 591.0 591.5 0.5  <500 - 1000 591.5 592.5 1.0  <500 592.5 593.0 0.5  <500 - 650 593.0 593.5 0.5  <500 593.5 594.0 0.5  <500 - 600 594.0 594.5 0.5  <500 - 1200 594.5 595.0 0.5 1200 - 2400 595.0 595.5 0.5 500 - 700 603.0 603.5 0.5  <500 603.5 604.0 0.5  <500 - 4500 604.0 604.5 0.5 10000 - 30000 604.5 605.0 0.5 6000 - 13000 605.0 605.5 0.5 700 - 1000 605.5 606.0 0.5 500 - 1300 606.0 606.5 0.5 500 - 1400 606.5 607.0 0.5  <500 607.0 607.5 0.5 500 - 1500 607.5 608.0 0.5  <500 - 1300 608.0 609.0 1.0  <500 609.0 609.5 0.5  <500 624.5 625.0 0.5  <500 - 600 625.0 625.5 0.5  <500 - 1100 625.5 626.0 0.5  <500 - 550 629.5 630.0 0.5  <500 630.0 630.5 0.5  <500 - 750 633.5 634.0 0.5  <500 634.0 634.5 0.5  <500 - 550 634.5 635.0 0.5  <500 - 900 635.0 635.5 0.5  <500 - 1100 635.5 636.0 0.5 2500 - 5000 RK-25-234 330 -70 747.0 113.0 668.0 668.5 0.5  <500 672.0 672.5 0.5  <500 - 1200 672.5 673.0 0.5  <500 - 630 675.0 675.5 0.5  <500 -520 675.5 676.0 0.5  <500 677.0 677.5 0.5  <500 - 520 677.5 678.0 0.5  <500 679.5 680.0 0.5  <500 682.0 682.5 0.5  <500 685.0 685.5 0.5  <500 687.0 687.5 0.5  <500 - 9000 687.5 687.7 0.2 2000 - 14000 687.7 687.8 0.1 >61000 687.8 688.0 0.2 550 - 3300 688.0 688.5 0.5  <500 - 8800 RK-25-235 270 -70 TBD 105.5 In Progress RK-25-236 267 -65 541.0 129.0 377.5 379.0 1.5  <500 379.0 379.5 0.5  <500 - 600 379.5 380.0 0.5  <500 - 1100 380.0 380.5 0.5  <500 380.5 381.0 0.5 870 - 3400 381.0 381.5 0.5 1300 - 4400 381.5 382.0 0.5  <500 - 1450 382.0 382.5 0.5  <500 393.0 394.0 1.0  <500 395.0 396.0 1.0  <500 396.0 396.5 0.5  <500 - 1000 396.5 397.0 0.5 600 - 1050 397.0 397.5 0.5 550 - 1180 400.5 401.0 0.5  <500 401.0 401.5 0.5 560 - 980 401.5 402.0 0.5 2300 - 25000 402.0 402.5 0.5 850 - 1130 402.5 403.0 0.5  <500 - 2250 404.0 404.5 0.5  <500 411.0 414.0 3.0  <500 414.5 415.0 0.5  <500 427.5 428.0 0.5  <500 - 570 428.0 428.5 0.5  <500 - 600 457.5 458.0 0.5  <500 - 525 458.0 458.5 0.5  <500 - 720 458.5 459.0 0.5  <500 - 530 459.0 459.5 0.5  <500 - 600 459.5 460.0 0.5  <500 460.0 460.5 0.5  <500 - 550 461.5 462.0 0.5  <500 464.0 465.0 1.0  <500 465.0 465.5 0.5  <500 - 3000 465.5 466.0 0.5  <500 -980 466.0 466.5 0.5 900 - 11000 466.5 467.0 0.5 1000 - 5500 467.0 467.5 0.5 3000 - 16000 467.5 467.8 0.3 1300 - 57000 467.8 468.1 0.3 >61000 468.1 468.5 0.4 7000 - 40000 468.5 469.0 0.5 1500 - 9000 469.0 469.5 0.5 2000 - 11000 469.5 470.0 0.5 500 - 800 470.0 470.5 0.5  <500 - 550 475.5 477.5 2.0  <500 477.5 478.0 0.5  <500 - 860 478.0 478.5 0.5  <500 478.5 479.0 0.5  <500 - 950 516.5 517.0 0.5  <500 RK-25-237 340 -70 TBD 104.6 In progress RK-25-238 279 -67 TBD TBD In progress All depths and intervals are meters downhole, true thicknesses are yet to be determined. "Off-scale" refers to >61,000 cps total readings by gamma spectrometer type RS-125. "Anomalous" means >500 cps (counts per second) total count gamma readings by gamma scintillometer type RS-120. Where "CPS Range" is <500 cps, this refers to local low radiometric zones within the overall radioactive interval. Unconformity of 'N/A' denotes a lack of visible contact between Athabasca sandstone and basement rock. Maximum internal dilution 2.0 m downhole. All depths and intervals are metres downhole, true thicknesses are yet to be determined. Resource modelling in conjunction with an updated mineral resource estimate is required before true thicknesses can be determined. About NexGenNexGen Energy is a Canadian company focused on delivering clean energy fuel for the future. The Company's flagship Rook I Project is being optimally developed into the largest low-cost producing uranium mine globally, incorporating the most elite environmental and social governance standards. The Rook I Project is supported by an N.I. 43-101 compliant Feasibility Study, which outlines the elite environmental performance and industry-leading economics. NexGen is led by a team of experienced uranium and mining industry professionals with expertise across the entire mining life cycle, including exploration, financing, project engineering and construction, operations and closure. NexGen is leveraging its proven experience to deliver a Project that leads the entire mining industry socially, technically and environmentally. The Project and prospective portfolio in northern Saskatchewan will provide generational, long-term economic, environmental, and social benefits for Saskatchewan, Canada, and the world.   NexGen is listed on the Toronto Stock Exchange, the New York Stock Exchange under the ticker symbol "NXE," and on the Australian Securities Exchange under the ticker symbol "NXG," providing access to global investors to participate in NexGen's mission of solving three major global challenges in decarbonization, energy security and access to power.  The Company is headquartered in Vancouver, British Columbia, with its primary operations office in Saskatoon, Saskatchewan.Technical Disclosure*All technical information in this news release has been reviewed and approved by Jason Craven, NexGen's Vice President, Exploration, a qualified person under National Instrument 43-101.Natural gamma radiation in drill core reported in this news release was measured in counts per second (cps) using a Radiation Solutions Inc. RS-125 gamma spectrometer. The reader is cautioned that total count gamma readings may not be directly or uniformly related to uranium grades of the rock sample measured; they should be used only as a preliminary indication of the presence of radioactive minerals.A technical report in respect of the FS is filed on SEDAR ( www.sedar.com ) and EDGAR (www.sec.gov/edgar.shtml ) and is available for review on NexGen Energy's website (www.nexgenenergy.ca ).Cautionary Note to U.S. InvestorsThis news release includes Mineral Reserves and Mineral Resources classification terms that comply with reporting standards in Canada and the Mineral Reserves and the Mineral Resources estimates are made in accordance with NI 43-101. NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. These standards differ from the requirements of the Securities and Exchange Commission ("SEC") set by the SEC's rules that are applicable to domestic United States reporting companies.   Consequently, Mineral Reserves and Mineral Resources information included in this news release is not comparable to similar information that would generally be disclosed by domestic U.S. reporting companies subject to the reporting and disclosure requirements of the SEC Accordingly, information concerning mineral deposits set forth herein may not be comparable with information made public by companies that report in accordance with U.S. standards.Forward-Looking InformationThe information contained herein contains "forward-looking statements" within the meaning of applicable United States securities laws and regulations and "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to mineral reserve and mineral resource estimates, the 2021 Arrow Deposit, Rook I Project and estimates of uranium production, grade and long-term average uranium prices, anticipated effects of completed drill results on the Rook I Project, planned work programs, completion of further site investigations and engineering work to support basic engineering of the project and expected outcomes. Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. Statements relating to "mineral resources" are deemed to be forward-looking information, as they involve the implied assessment that, based on certain estimates and assumptions, the mineral resources described can be profitably produced in the future.Forward-looking information and statements are based on the then current expectations, beliefs, assumptions, estimates and forecasts about NexGen's business and the industry and markets in which it operates. Forward-looking information and statements are made based upon numerous assumptions, including among others, that the mineral reserve and resources estimates and the key assumptions and parameters on which such estimates are based are as set out in this news release and the technical report for the property , the results of planned exploration activities are as anticipated, the price and market supply of uranium, the cost of planned exploration activities, that financing will be available if and when needed and on reasonable terms, that third party contractors, equipment, supplies and governmental and other approvals required to conduct NexGen's planned exploration activities will be available on reasonable terms and in a timely manner and that general business and economic conditions will not change in a material adverse manner. Although the assumptions made by the Company in providing forward looking information or making forward looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate in the future.Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual results, performances and achievements of NexGen to differ materially from any projections of results, performances and achievements of NexGen expressed or implied by such forward-looking information or statements, including, among others, the existence of negative operating cash flow and dependence on third party financing, uncertainty of the availability of additional financing, the risk that pending assay results will not confirm previously announced preliminary results, conclusions of economic valuations, the risk that actual results of exploration activities will be different than anticipated, the cost of labour, equipment or materials will increase more than expected, that the future price of uranium will decline or otherwise not rise to an economic level, the appeal of alternate sources of energy to uranium-produced energy, that the Canadian dollar will strengthen against the U.S. dollar, that mineral resources and reserves are not as estimated, that actual costs or actual results of reclamation activities are greater than expected, that changes in project parameters and plans continue to be refined and may result in increased costs, of unexpected variations in mineral resources and reserves, grade or recovery rates or other risks generally associated with mining, unanticipated delays in obtaining governmental, regulatory or First Nations approvals, risks related to First Nations title and consultation, reliance upon key management and other personnel, deficiencies in the Company's title to its properties, uninsurable risks, failure to manage conflicts of interest, failure to obtain or maintain required permits and licences, risks related to changes in laws, regulations, policy and public perception, as well as those factors or other risks as more fully described in NexGen's Annual Information Form dated  March 6, 2024 filed with the securities commissions of all of the provinces of Canada except Quebec and in NexGen's 40-F filed with the United States Securities and Exchange Commission, which are available on SEDAR at www.sedar.com and Edgar at www.sec.gov .Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or statements or implied by forward-looking information or statements, there may be other factors that cause results not to be as anticipated, estimated or intended.  Readers are cautioned not to place undue reliance on forward-looking information or statements due to the inherent uncertainty thereof.There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.SOURCE NexGen Energy Ltd. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

Related News