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    NexGen Announces Expansion of High-Grade Subdomain at Patterson Corridor East (PCE) and Commencement of 2026 Exploration Program Totalling 45,500 Meters

    1/15/26 6:30:00 AM ET
    $NXE
    Other Metals and Minerals
    Basic Materials
    Get the next $NXE alert in real time by email

    PCE Expansion:

    • Vertical extent of high-grade subdomain has increased by 23% from 335 m to 412 m with 210 m of strike length.

    • Additional expansion of the mineralized footprint to 700 m vertical extent (from 600 m) and to 620 m strike length (from 600 m).

    • Additional high-grade subdomain building at 850 m below surface, extending high-grade in this portion of the mineralization and opening it to further growth.

    2026 Drilling Program Commencement:

    • 42,000 meters ("m") of diamond drilling at PCE in 2026 to be largest program conducted at the discovery to date building on the highly successful 2025 growth and results.

    • Inaugural drilling at NexGen's 100% owned SW3 property with 3,500 m to advance high-priority targets.

    Vancouver, British Columbia--(Newsfile Corp. - January 15, 2026) - NexGen Energy Ltd. (TSX:NXE) (NYSE:NXE) (ASX: NXG) ("NexGen" or the "Company") is pleased to announce the concluding holes of the 2025 PCE program and the commencement of the 2026 Exploration Program.

    2025 PCE

    Final drill holes of the 2025 PCE program delivered continued expansion of mineralization with high-grade growth and assessment of extents advancing significantly since the Company's last scintillometer report (see news release dated August 28, 2025). The primary high-grade subdomain grew to 412 m in vertical extent (increase of 77 m) and a strike length of 210 m. An additional high-grade subdomain is developing with hole RK-25-257 intersecting local off-scale (>61,000 cps) at the base of the currently outlined mineralized footprint, indicating significant expansion potential at depth (Figures 1-4, Table 1).

    The overall mineralized footprint expanded to 620 m (increase of 20 m) of strike length and 700 m (increase of 100 m) of vertical extent, remaining open in most directions. Step out testing has provided critical information regarding extents of the system and opportunities for continued growth.

    Internal continuity within the subdomain was most recently highlighted by RK-25-271 with 5.8 m of cumulative high-grade (>10,000 cps) and 0.8 m of off-scale (>61,000 cps) that increases the mineralized zone in the lower half of this subdomain (Figure 3, Table 1). Hole RK-25-271 is located 65 m down-dip from hole RK-25-256 (see news release dated December 1, 2025) which returned 5.5 m at 21.4% U3O8, including 2.5 m at 46.1% U3O8 and 0.5 m at 74.8% U3O8.

    The 2025 drilling program successfully completed 35,366.2 m, the largest reported in the Athabasca Basin in 2025. Since discovery (see news release date March 11, 2024), 102 drillholes totalling 69,042.2 m have been completed (Figure 1). A dual focused approach was taken in 2025 to both grow and define multiple high-grade subdomains as well as expand the overall mineralized footprint. To date, 67 of the 102 drill holes are mineralized, including 45 intersecting high-grade (>10,000 cps) and 17 intersecting off-scale (>61,000 cps).

    Cannot view this image? Visit: https://images.newsfilecorp.com/files/1745/280488_b713282ce42e299c_002.jpg

    Figure 1: Interpreted model of mineralization at PCE (as of this release); new holes emphasized by larger diameter pierce points and bold labels; view is a long section that looks perpendicular to the primary mineralized plane; total mineralized footprint in orange and the high-grade subdomains in red; drillholes with pending assays are underlined, 32% of 2025 drillholes have fully received results (as of this release).

    To view an enhanced version of this graphic, please visit:
    https://images.newsfilecorp.com/files/1745/280488_b713282ce42e299c_002full.jpg

    Cannot view this image? Visit: https://images.newsfilecorp.com/files/1745/280488_b713282ce42e299c_003.jpg

    Figure 2: Comparison of mineralization at PCE over time with the model evolving based on new geological data; dimensions are measured from confirmed mineralized intercepts along strike and vertical extent; view is a long section that looks perpendicular to the primary mineralized plane; total mineralized footprint in orange and the high-grade subdomains in red.

    To view an enhanced version of this graphic, please visit:
    https://images.newsfilecorp.com/files/1745/280488_b713282ce42e299c_003full.jpg

    Cannot view this image? Visit: https://images.newsfilecorp.com/files/1745/280488_b713282ce42e299c_004.jpg

    Figure 3: Core photo from RK-25-271 displays mineralization from 624.7 to 640.6 m down hole with abundant high-grade and several instances of off-scale in competent basement rock; yellow outlines >1,000 cps, red outlines >10,000 cps, >61,000 cps outlined in purple.

    To view an enhanced version of this graphic, please visit:
    https://images.newsfilecorp.com/files/1745/280488_b713282ce42e299c_004full.jpg

    Cannot view this image? Visit: https://images.newsfilecorp.com/files/1745/280488_b713282ce42e299c_005.jpg

    Figure 4: Representative geological cross-section through high-grade subdomain looking northeast with confirmed dip extent of 450 m and width up to 135 m; uranium mineralization shown as red overlay; interpretation of features extending beyond drillholes aided by drilling information outside of cross-section width (25 m).

    To view an enhanced version of this graphic, please visit:
    https://images.newsfilecorp.com/files/1745/280488_b713282ce42e299c_005full.jpg

    2026 Exploration Program Commencement

    Advancement of PCE mineralization with 42,000 m of drilling (Figure 5):

    Drilling activity will primarily focus on high-grade growth and the continued expansion of the mineralized footprint. At least eight (8), 200 m spaced tests will also investigate for repetition of basement-hosted mineralization within the same hydrothermal system approximately 600 m southeast of the PCE discovery.

    Cannot view this image? Visit: https://images.newsfilecorp.com/files/1745/280488_b713282ce42e299c_006.jpg

    Figure 5: Map of PCE with ground gravity in background, target areas are hosted within gravity low denoted by blue colours, interpreted faults are shown as black dashed lines; primary focus in the immediate vicinity of PCE mineralization with additional secondary investigation of local system.

    To view an enhanced version of this graphic, please visit:
    https://images.newsfilecorp.com/files/1745/280488_b713282ce42e299c_006full.jpg

    Regional drilling of 3,500 m at SW3 (Figure 6):

    An inaugural, drill program will take place on the SW3 land package with regional greenfield testing of highly prospective target areas. This marks the first drilling on any SW3 mineral claims by NexGen and an exciting step in the direct investigation of geophysical anomalies identified. The SW3 package is one of the three core packages NexGen owns 100% of in the southwest Athabasca Basin and is situated 20 km southeast of the SW2 package which hosts the Rook I Project.

    Cannot view this image? Visit: https://images.newsfilecorp.com/files/1745/280488_b713282ce42e299c_007.jpg

    Figure 6: Map of SW3 with inset of overall NexGen land packages; 3,500 m will investigate highest priority target areas, outlined in red, in this greenfield setting.

    To view an enhanced version of this graphic, please visit:
    https://images.newsfilecorp.com/files/1745/280488_b713282ce42e299c_007full.jpg

    Leigh Curyer, Chief Executive Officer, commented: "We are extremely pleased with the 2025 outcomes from the 2025 drill program at PCE that delivered on our dual-purpose objectives of expanding the overall mineralized footprint and expand the high-grade subdomain within it. These results systematically outline mineralization that continues to deliver growth and strong continuity, characteristics synonymous with Arrow deposit 3.5 km west. The 2025 drill program has rapidly advanced this new discovery, while underscoring the tremendous prospectivity of NexGen's 100% owned dominant land holdings which is driving the expanded activity in 2026. The 2026 program is designed to continue the dual track focus at PCE and in parallel, test for a repetition of PCE within the same system. In addition, drilling for the first time at our SW3 property is a reflection of the south western section of the Athabasca Basin world class prospectivity.

    At a pivotal moment for global energy security, nuclear power is being recognized as an indispensable pillar for reliable, clean, cost efficient energy. The NexGen team is laser focused on concluding the final Federal permitting and licensing for the Rook I Project and immediately advancing through construction into production whilst simultaneously advancing the exciting PCE discovery and other high priority targets."

    Jason Craven, Vice President, Exploration, commented: "Last year's highly transitional and successful program positions NexGen to enter 2026 with an even deeper understanding of this broad and growing high-grade system. A multitude of targets remain to be tested as we continue to systematically advance PCE with a dual priority track of expanding both the high-grade subdomains as well as the overall mineralized system. The comprehensive 2026 program strategically positions all three land packages on an exciting path toward expansion of PCE as well as additional discoveries as NexGen works to sustainably supply the world with uranium in the face of mounting and persistent deficits."

    Table 1: Spectrometer results since August 28, 2025 release

    DrillholeUnconformity Depth (m)Handheld Spectrometer Results (RS-125)
    Hole IDAzimuthDipTotal Depth (m)From (m)To (m)Width (m)CPS Range
    RK-25-254c2275-65553.5-394.0394.50.5<500 - 530





    394.5395.00.5<500 - 510





    396.5397.00.5<500





    409.5411.52.0<500





    412.0413.51.5<500





    420.5421.00.5<500





    421.0421.50.5<500 - 900





    421.5422.00.5<500





    429.5430.00.5<500





    437.5438.00.5<500 - 710





    438.0438.50.5<500 - 530





    438.5439.00.5<500 - 6500





    439.0439.50.5<500 - 520





    439.5440.00.51000 - 4900





    440.0440.50.51000 - 12000





    440.5441.00.5<500 - 9000





    441.0441.50.5<500 - 1000





    441.5442.00.5<500





    442.0442.50.5<500





    442.5443.00.5<500





    446.0446.50.5<500 - 2000





    446.5447.00.5<500 - 800





    447.0447.50.5<500





    447.5448.00.5<500 - 1000





    448.0448.50.5<500





    448.5449.00.5<500 - 700





    449.0449.50.5<500 - 600





    449.5450.00.5<500 - 700





    450.5451.00.5<500





    451.0451.50.5<500 - 700





    451.5452.00.5<500 - 550





    452.0452.50.5<500





    452.5453.00.5<500 - 540





    453.0453.50.5<500





    453.5454.00.5<500 - 700





    454.0454.50.5<500





    457.0457.50.5<500





    481.5482.00.5<500 - 600





    482.0482.50.5<500 - 1300





    482.5483.00.5<500 - 510





    483.0483.50.5<500





    483.5484.00.5<500





    490.5491.00.5<500 - 1350





    491.0491.50.5<500





    491.5492.00.5<500





    492.0492.50.5<500





    492.5493.00.5<500





    493.0493.50.5<500 - 700





    493.5494.00.5<500





    495.5496.00.5<500





    496.0496.50.5<500 - 3600





    496.5497.00.5<500 - 2000
    RK-25-2554-70950.4112.7674.5675.00.5<500





    676.5677.00.5<500





    779.5780.00.5<500 - 770





    780.0780.50.5<500 - 1000





    780.5781.00.5<500 - 2900





    781.0781.50.5<500 - 4400





    781.5782.00.5<500 - 2400





    782.0782.50.5<500 - 550





    782.5783.00.5<500 - 1200





    785.5786.00.5<500 - 1000





    786.0786.50.5<500





    787.0787.50.5<500





    789.5790.00.5<500





    790.0790.50.5<500 - 1200





    790.5792.52.0<500





    792.5793.00.5<500 - 1000





    793.0798.05.0<500





    798.0798.50.5<500 - 1100





    799.5800.00.5<500 - 620





    800.5801.00.5<500





    804.0804.50.5<500





    805.0805.50.51200 - 6700





    807.0807.50.5<500 - 5000





    807.5807.70.210000 - 12000





    807.7807.80.1>61000





    807.8808.00.2<500 - 520





    808.0808.50.5<500 - 3900





    829.5830.00.5<500 - 520





    830.0830.50.5<500 - 590





    832.0833.01.0<500





    833.0833.50.5<500 - 560





    833.5835.01.5<500





    835.5836.51.0<500





    838.5839.51.0<500





    840.5841.00.5<500





    842.0842.50.5<500





    842.5843.00.5<500 - 990





    844.0844.50.5<500 - 940





    844.5845.00.5<500 - 1700





    845.0845.50.5<500 - 620





    845.5846.51.0<500





    847.5848.00.5<500 - 870





    848.0848.50.5<500





    851.5852.00.5<500 - 5300





    852.0852.50.5<500 - 18400





    885.5886.00.5<500





    886.0886.50.5<500 - 800





    886.5887.00.5<500 - 600





    889.0889.50.5<500 - 550





    889.8890.10.36600 - 31000





    890.1890.50.4<500
    RK-25-257337-681085.0108.0925.0925.50.5<500 - 4800





    925.5926.00.5<500 - 1180





    929.5930.00.5<500 - 840





    930.5931.00.5<500





    931.0931.50.5<500 - 510





    938.0938.50.5<500 - 1180





    940.5941.00.5520 - 760





    941.0941.50.5600 - 1500





    941.5942.00.5<500 - 1190





    942.0942.50.5530 - 1300





    942.5943.00.5700 - 5100





    943.0943.20.23000 - 33000





    943.2943.30.1>61000





    943.3943.50.22000 - 28000





    943.5944.00.5580 - 2000





    944.0944.50.5500 - 1300





    944.5945.00.51700 - 2800





    946.0946.50.5850 - 9000





    948.0948.20.217000 - 43000





    948.2948.40.2>61000





    948.4948.50.14000 - 9000





    948.5949.00.51800 - 50000





    949.0949.50.5660 - 7100





    949.5950.00.5750 - 6900





    950.0950.50.513000 - 5100





    950.5951.00.5<500 -540





    951.0951.50.5700 - 18000





    951.5952.00.5<500 -540





    952.0952.50.5<500 - 1830





    954.5955.51.0<500





    955.5956.00.5<500 - 710





    956.0956.50.5<500





    956.5957.00.5<500 - 1090





    957.0957.50.5<500 - 1030





    958.5959.00.5<500 - 750





    959.5960.00.5<500 - 900





    960.0960.50.5<500 - 720





    960.5961.00.5680 - 3280





    961.0961.50.5<500 - 540





    961.5962.00.5<500 - 1280





    962.0962.50.5<500 - 1230





    962.5963.00.5<500 - 680





    963.0963.50.5<500 - 1200





    963.5964.51.0<500





    965.5966.00.5<500 - 860





    966.0966.50.5<500





    968.5969.00.5<500 - 1300





    971.5972.00.5<500





    990.5993.02.5<500





    993.0993.50.5<500 - 830





    993.5994.00.51700 - 3200





    994.0994.50.51200 - 3100





    994.5995.00.51100 - 3290





    995.0995.50.52000 - 5300





    995.5996.00.54000 - 9100





    996.0996.50.5<500 - 900





    996.5997.00.5<500 - 7380





    997.0997.50.5900 - 2200





    997.5998.00.52980 - 2340





    998.0998.50.5<500





    1005.01005.50.5600 - 3700





    1005.51006.00.5<500 - 1100





    1006.01006.50.5<500 - 1600





    1006.51007.00.5<500





    1007.01007.50.5<500 - 1300





    1007.51008.00.5<500





    1009.51010.00.5<500 - 3600





    1010.01012.02.0<500





    1012.01012.50.5<500 - 5000





    1012.51013.00.51000 - 7500





    1013.01013.50.5790 - 10000





    1013.51014.00.51050 - 9000





    1014.01014.50.5<500





    1017.51018.00.5<500 - 1900





    1023.51024.00.5<500 - 550





    1024.01024.50.5<500 - 760





    1026.01026.50.5<500





    1026.51027.00.5<500 - 4250





    1027.01027.50.5<500





    1027.51028.00.5580 - 4690





    1028.01028.50.5680 - 1390





    1028.51029.00.5780 - 2230





    1029.01029.50.5600 - 43000





    1030.51031.00.5<500 - 11000





    1031.01031.50.5<500 - 1090





    1032.01032.50.5<500





    1032.51033.00.5<500 - 29000





    1033.01033.50.5<500 - 5750





    1033.51034.00.5<500 - 1500





    1035.51036.00.5<500





    1036.01036.50.5<500 - 1500





    1036.51037.00.5<500
    RK-25-257c1337-681139.0-964.0966.02.0<500





    1037.01037.50.5<500





    1039.51040.00.5<500 -700





    1040.01040.50.5<500 - 650





    1040.51041.00.5<500 - 750





    1041.01041.50.5<500 - 530





    1041.51042.00.5<500 - 620





    1042.01042.50.5<500





    1044.01044.50.5<500 - 690





    1044.51045.00.5<500 - 700





    1048.51049.00.5<500





    1094.51095.00.5<500
    RK-25-257c2337-681104.0-997.5998.00.5<500





    998.5999.00.5<500





    1000.51001.51.0<500





    1036.51037.00.5<500 - 1300
    RK-25-258278-67249.0117.8No significant intersections
    RK-25-258c1278-67687.0-499.0499.50.5<500





    500.0500.50.5<500 - 2800





    500.5501.00.5<500 -900





    501.0501.50.5<500 - 1700





    501.5502.00.5<500





    502.5503.51.0<500





    506.5507.00.5<500





    507.0507.50.5<500 - 720





    507.5508.00.5<500 - 620





    508.0508.50.5<500 - 870





    508.5509.00.5<500





    514.0514.50.5<500





    519.5520.00.5<500





    520.0520.50.5<500 - 1300





    520.5521.00.5<500 - 2300





    521.0521.50.5<500 - 900





    521.5522.00.5<500





    534.5535.00.5<500





    535.5537.52.0<500





    538.0538.50.5<500





    538.5539.00.5<500 - 1300





    539.0539.50.5<500





    545.0546.01.0<500





    546.0546.50.5<500 - 1000





    546.5547.00.5<500





    549.0551.02.0<500





    551.0551.50.5<500 - 2800





    551.5552.00.5<500





    552.0552.50.5<500 - 3300





    552.5553.00.53000 - 36000





    553.0553.50.51300 - 17000





    553.5554.00.52500 - 14000





    554.0554.50.5550 - 2300





    554.5555.00.5<500 - 1000





    555.0555.50.5600 - 2000





    557.0557.50.5<500





    557.5558.00.5<500 - 760





    558.0558.50.51000 - 3600





    558.5559.00.53200 - 26000





    559.0559.50.59000 - 30000





    559.5560.00.55500 - 12000





    560.0560.50.5600 - 3800





    560.5561.00.52000 - 6500





    561.0561.50.51500 - 3800





    561.5562.00.5700 - 1700





    562.0562.50.5<500 - 1500





    562.5563.00.51000 - 2500





    563.0563.50.5<500 - 2100





    563.5564.00.5<500 - 700





    564.0564.50.5<500





    564.5565.00.5<500 - 1000





    565.0565.50.5<500





    565.5566.00.5<500 - 530





    566.0566.20.2500 - 3500





    566.2566.40.2>61000





    566.4566.50.1900 - 10000





    566.5567.00.5<500





    573.5574.00.5<500





    574.5575.00.5<500





    629.0629.50.5<500 - 950





    629.5630.00.5<500 - 550





    630.0630.50.5<500





    631.5633.01.5<500





    633.0633.50.5<500 - 1200





    633.5634.00.5<500 - 1300





    634.0634.50.5<500 - 630





    635.0636.01.0<500





    642.0642.50.5<500
    RK-25-258c2278-67667.0-552.5553.00.5<500





    572.5573.00.5<500 - 820





    573.0573.50.5<500 - 1800





    574.0574.50.5<500 - 580





    574.5575.00.5<500 - 1100





    575.5576.00.5<500 - 5800





    576.0576.50.5500 - 3500





    576.5577.00.5800 - 2800





    577.0577.50.51000 - 8500





    577.5578.00.51400 - 8000





    578.0578.50.51400 - 9800





    578.5579.00.51000 - 30000





    579.0579.50.5<500 - 37000





    579.5580.00.5750 - 2400





    580.0580.50.52100 - 4200





    580.5581.00.5<500 - 19000





    582.5583.00.5<500





    584.0584.50.5<500





    584.5585.00.5<500 - 2350





    585.0585.50.5500 - 5300





    585.5586.00.5<500 - 2500





    586.0586.50.5900 - 7000





    586.5587.00.5<500 - 4100





    587.0587.50.5500 - 27000





    587.5588.00.5<500 - 1100





    588.0589.01.0<500





    589.5590.00.5<500





    591.0591.50.5<500





    592.0592.50.5<500 - 2500





    592.5593.00.5<500 - 600





    594.0594.50.5<500 - 750





    594.5595.00.5<500 - 770





    595.0595.50.5<500





    598.0598.50.5<500





    598.5599.00.5<500 - 520





    601.0601.50.5<500





    602.0602.50.5<500





    603.5605.52.0<500





    605.5606.00.5<500 - 1500





    606.0606.50.5<500 - 700





    606.5607.00.5<500 - 3000





    607.0607.50.5900 - 2800





    607.5608.00.5<500





    608.0608.50.5<500 - 1800





    608.5609.00.5<500 - 510





    609.0609.50.5<500 - 1800





    618.5619.00.5<500 - 520





    619.5624.04.5<500





    629.0629.50.5<500 - 750





    629.5630.00.5<500





    630.0630.50.5<500 - 1300





    638.5639.00.5<500
    RK-25-259280-68609.0118.7461.0461.50.5<500





    461.5462.00.5<500 - 1000





    462.0463.01.0<500





    463.0463.50.5<500 - 1300





    463.5464.00.5<500 - 1200





    464.0464.50.5<500 - 1000





    464.5465.00.5<500





    465.5466.00.5<500 - 700





    471.0471.50.5<500





    471.5472.00.5<500 - 1100





    472.0472.50.5<500





    472.5473.00.5<500 - 510





    473.0473.50.5<500 - 750





    473.5474.00.5<500





    474.0474.50.5<500 - 720





    474.5475.00.5600 - 3300





    475.0475.50.5930 - 20000





    475.5476.00.5<500 - 800





    477.0477.50.5<500





    491.0491.50.5<500





    522.0522.50.5<500





    522.5523.00.5<500 - 1300





    523.0523.50.5<500 - 510





    523.5524.51.0<500





    532.5533.00.5<500





    536.5537.00.5<500 - 1900





    537.0537.50.5<500 - 22000





    596.0596.50.5<500





    596.5597.00.5<500 - 520
    RK-25-260277-72879.0111.0612.0612.50.5<500 - 520





    614.0614.50.5<500 - 1690
    RK-25-261275-70456.0-272.0273.01.0<500





    281.0281.50.5<500





    282.0283.01.0<500





    283.5284.00.5<500





    284.0285.01.0<500 - 2000





    286.0286.50.5<500





    288.0288.50.5<500





    290.5291.00.5<500





    301.0302.01.0<500





    308.0308.50.5<500





    309.5310.00.5<500 - 600





    310.0312.02.0<500





    314.5315.00.5<500





    322.0324.52.5<500





    324.5325.00.5<500 - 700





    325.0325.50.5<500 - 850





    325.5326.00.5<500 - 540





    326.0326.50.5<500 - 540





    326.5327.00.5<500





    327.0327.50.5<500 - 1300





    327.5328.00.5700 - 16000





    328.0328.50.5900 - 2800





    328.5329.00.5<500 - 600





    329.0330.51.5<500





    330.5331.00.51000 - 3700





    331.0331.50.5<500 - 1900





    331.5332.00.5<500





    332.5333.00.5<500





    333.0333.50.5<500 - 650





    333.5334.00.5600 - 1000





    334.0334.50.5<500





    340.0340.50.5<500 - 640





    340.5341.00.5<500 - 1100





    341.0341.50.5<500 - 1400





    341.5342.00.5<500 - 640





    361.5362.00.5<500
    RK-25-262280-70567.0119.6417.0417.50.5<500 - 560





    423.5424.00.5<500





    426.5427.00.5<500





    433.5434.00.5<500 - 580





    435.0435.50.5<500 - 1400





    435.5436.00.5<500 - 650





    436.0436.50.5<500





    438.0438.50.5<500





    442.5443.00.5<500 - 700





    452.5453.00.5<500 - 2200





    455.0455.50.5<500





    458.5459.00.5<500 - 330





    459.0459.50.5<500 - 640





    463.5464.00.5<500 - 1800





    464.0464.50.5<500 - 5200





    464.5465.00.5<500 - 630





    466.0466.50.5<500





    466.5467.00.5<500 - 1500





    470.5471.00.5<500





    490.0490.50.5<500 - 860





    491.0491.50.5<500 - 650





    491.5492.00.5<500 - 620





    492.0492.50.5<500 - 730





    492.5493.00.5<500 - 600





    493.5494.00.5<500 - 540





    494.0494.50.5<500 - 610





    494.5495.00.5<500 - 3300





    495.0495.50.5<500 - 2100





    511.0511.50.5<500





    511.5512.00.5<500 - 1000





    512.0512.50.5<500
    RK-25-263275-70474.0-308.5309.00.5<500





    311.5312.00.5<500 - 1100





    312.0312.50.5<500 - 850





    312.5313.00.5<500





    313.0313.50.5<500 - 950





    313.5314.00.5<500





    314.5315.00.5<500 - 850





    320.5321.00.5<500





    356.5357.51.0<500





    413.0414.01.0<500
    RK-25-264265-70390.0123.8255.0256.51.5<500





    257.5258.00.5<500





    263.0264.51.5<500





    265.5267.52.0<500





    325.5326.51.0<500
    RK-25-210c1310-70894.0-794.0794.50.5<500





    795.0796.01.0<500





    801.5802.00.51800 - 35000





    802.0802.50.51100 - 15000





    802.5803.00.5<500 - 850





    803.0803.50.5<500 - 3500





    803.5804.51.0<500





    804.5805.00.5<500 - 1300





    805.0805.50.5<500 - 1100





    805.5806.00.5<500 - 720





    806.0806.50.5<500 - 850





    811.0811.50.5<500 - 1250





    811.5812.00.5<500 -1600





    812.5813.00.5<500 - 580





    813.0813.50.5<500 - 2200





    813.5814.00.5<500 - 2100





    814.5815.00.5<500 - 750





    817.5818.00.5<500 - 3150





    819.0819.50.5<500





    819.5820.00.5<500 - 3350





    820.0820.50.5<500 - 2100





    820.5821.00.5<500 - 2750





    821.0821.50.5<500 - 11000





    821.5822.00.5<500 - 4500





    824.0824.50.5<500 - 600





    824.5825.00.5<500 - 1350





    855.5856.00.5<500





    857.0857.50.5<500
    RK-25-265270-68627.0119.2488.0488.50.5<500





    511.5512.00.5<500





    512.0512.50.5<500 - 530





    512.5513.00.5<500 -1620





    515.5516.00.5<500
    RK-25-210c2310-70909.0-811.0811.50.5<500





    811.5812.00.51100 - 6200





    812.0812.50.5<500 - 520





    812.5813.00.5<500





    813.0813.50.5<500 - 620





    814.5815.00.5630 - 7000





    816.5817.00.5<500 - 1200





    817.0817.50.5<500 - 1100





    819.0819.50.5<500 - 600





    821.5822.00.5<500 - 1200





    822.0822.50.53000 - 20000





    822.5823.00.5<500 - 6000





    823.0823.50.51000 - 5000





    823.5824.00.5600 - 2400





    824.0825.01.0<500





    841.0841.50.5<500





    841.5842.00.5<500 - 1000





    844.5845.00.5<500





    852.5853.00.5<500 - 780





    868.5869.00.5<500 - 520





    887.5888.00.5<500





    888.0888.50.5<500 - 1000
    RK-25-266275-67543.0122.9431.5432.00.5<500





    432.0432.50.5<500 - 6200





    432.5433.00.5<500 - 900





    433.0433.50.5<500 - 690
    RK-25-267274-68528.0126.3468.0468.50.5<500 - 900





    470.5471.00.5<500





    474.0474.50.5<500





    488.5489.00.5<500
    RK-25-268280-60429.0135.3246.0246.50.5<500





    248.0248.50.5<500





    248.5249.00.5<500





    249.0249.50.5<500





    250.0250.50.5<500 - 650





    250.5251.00.5<500





    251.0252.01.0<500





    252.0252.50.5<500 - 1500





    253.5254.00.5<500





    254.0254.50.5<500 - 630





    254.5255.00.5530 - 1000





    255.0255.50.5650 - 1530





    255.5256.00.5<500





    256.0256.50.5<500 - 650





    256.5257.00.5<500 - 1000





    257.0257.50.5<500 - 900





    257.5258.00.5<500





    258.5259.00.5<500





    259.0259.50.5<500 - 1900





    260.0260.50.5<500 - 600





    260.5261.00.5<500 - 900





    261.5262.00.5<500 - 610





    262.5263.51.0<500





    263.5264.00.5<500 - 900





    272.5273.00.5<500





    275.0275.50.5<500





    276.0276.50.5<500 - 550





    276.5277.00.5<500





    277.5278.00.5<500





    280.5281.00.5<500





    285.0285.50.5<500





    288.5289.00.5<500





    289.0289.50.5<500 - 550





    289.5290.00.5<500 - 2000





    290.5291.00.5<500





    293.0293.50.5<500 - 2550





    293.5294.00.5<500 - 700





    294.0294.50.5<500





    295.5296.00.5<500





    301.0301.50.5<500





    305.5306.00.5<500 - 550
    RK-25-269298-68820.0108.9671.0671.50.5<500 - 850





    703.0703.50.5<500 - 1820





    709.5710.00.5<500 - 980





    717.5718.00.5<500 - 700





    718.0718.50.5<500 - 5700





    724.5725.00.5<500 - 1800





    727.5728.00.5<500 - 1380





    731.5732.00.51500 - 7600





    732.0732.50.51900 - 7600





    732.5733.00.5500 - 890





    733.0733.50.5<500 - 1890





    733.5734.00.5900 - 2500





    734.0734.50.5800 - 1260





    734.5735.00.5<500 - 1480





    735.5736.00.5<500





    736.5737.00.5<500 - 520





    737.0737.50.5<500 - 590





    738.0738.50.5<500 - 2300





    738.5739.00.5<500 - 540





    744.0745.01.0<500





    745.0745.50.5<500 - 1300





    745.5746.00.53010 - 3700





    746.0746.50.5<500 - 1200





    746.5747.00.5<500 - 7000





    747.0747.50.5750 - 18000





    747.5748.00.5<500 - 840





    748.0748.50.5<500 - 640





    748.5749.00.5770 - 2490





    749.0749.50.5880 - 1380





    749.5750.00.5<500 - 6600





    750.0750.50.5<500 - 4430





    751.5752.00.5<500





    753.0753.50.5<500 - 680





    755.5756.00.5<500 - 2100





    757.5758.00.5650 - 1200





    758.0758.50.5900 - 34000





    758.5759.00.52600 - 25000





    759.0759.50.5600 - 2700





    759.5760.00.5<500





    760.0760.50.5<500 - 820





    760.5762.01.5<500





    762.0762.50.5<500 - 3800





    762.5763.00.5500 - 3200





    763.0763.50.5<500 - 790





    763.5764.00.5<500 - 1700





    764.0764.50.5<500





    765.0765.50.5<500





    765.5766.00.5<500 - 520





    769.5770.00.5<500 - 1100





    770.0770.50.5<500 - 1800





    771.0771.50.5<500 - 970





    771.5772.00.5<500 - 2400





    772.0772.50.5<500 - 5800





    772.5773.00.5<500 - 790





    773.5774.00.5<500 - 2800





    775.5776.00.5<500





    776.5777.00.5<500 - 530





    777.0777.50.5700 - 1170
    RK-25-270290-65420.0134.7No significant intersections
    RK-25-271275-75744.0115.0587.0587.50.5<500





    587.5588.00.5<500 - 730





    596.0596.50.5<500





    596.5597.00.5<500 - 1300





    597.0598.01.0<500





    598.0598.50.5<500 - 600





    600.0600.50.5<500





    603.0603.50.5<500





    610.0610.50.5<500 - 520





    610.5611.00.5<500 - 10000





    611.0611.50.5<500 - 1000





    612.0612.50.5<500





    612.5613.00.5<500 - 800





    613.0613.50.5<500 - 610





    613.5614.00.5<500





    614.0614.50.5<500 - 4100





    614.5615.00.51500 - 6100





    615.0615.50.51400 - 4700





    615.5616.00.5<500





    617.5618.00.5<500 - 740





    618.0618.50.5<500 - 3300





    618.5619.00.5<500





    620.0621.01.0<500





    621.0621.50.5<500 - 630





    621.5622.00.5<500 - 1600





    622.0622.50.5760 - 2100





    622.5623.00.5800 - 2800





    623.0624.51.5<500





    624.5625.00.5540 - 3100





    625.0625.50.51700 - 9100





    625.5626.00.51100 - 3300





    626.0626.50.5<500 - 1700





    626.5627.00.5<500 - 1000





    627.0627.50.5<500 - 1400





    627.5628.00.5520 - 2600





    628.0628.50.5730 - 17500





    628.5629.00.5<500 - 3200





    629.0629.50.5<500 - 600





    629.5630.00.5520 - 7600





    630.0630.50.5720 - 39000





    630.5631.00.5800 - 5700





    631.0631.50.5570 - 8100





    631.5632.00.5<500 - 2200





    632.0632.10.1>61000





    632.1632.50.4<500 - 55000





    632.5633.00.5<500





    633.0633.50.5<500 - 55200





    633.5634.00.51400 - 25400





    634.0634.20.224000 - 50500





    634.2634.30.1>61000





    634.3634.50.221000 - 51500





    634.5634.70.2>61000





    634.7635.00.33400 - 47500





    635.0635.20.2>61000





    635.2635.50.32100 - 53500





    635.5636.00.5<500 - 810





    636.0637.01.0<500





    637.0637.40.4<500 - 4200





    637.4637.50.1>61000





    637.5637.70.2<500 - 1100





    637.7637.80.1>61000





    637.8638.00.2<500 - 700





    638.5639.00.5<500





    639.0639.50.5<500 - 1850





    639.5640.00.52000 - 17500





    640.0640.50.5550 - 11000





    642.5643.00.5<500





    643.0643.50.5<500 - 1100





    643.5644.00.5<500





    647.5648.00.5<500





    648.0648.50.5<500 - 670





    649.5650.00.5750 - 12000





    650.0650.50.5<500 - 860





    650.5652.01.5<500





    652.0652.50.5<500 - 1090





    653.0653.50.5<500 - 600





    659.0659.50.5<500





    663.5664.00.5<500





    664.0664.50.5<500 - 5410





    664.5665.00.5<500 - 690





    675.0675.50.5<500 - 670





    676.0677.01.0<500





    677.5678.00.5<500 - 600





    681.0681.50.5<500





    697.0697.50.5<500 - 1000





    705.5706.00.5<500 - 1300





    723.5724.51.0<500
    RK-25-272270-70685.1119.3511.0511.50.5<500





    511.5512.00.5<500 - 800





    512.0512.50.5<500 - 1500





    512.5513.00.5<500





    521.0522.51.5<500





    522.5523.00.5<500 - 590





    523.0523.50.5<500 - 890





    523.5524.00.5580 - 7200





    524.0524.50.5<500





    524.5525.00.5<500 - 1100





    525.0526.01.0<500





    530.0530.50.5<500





    530.5531.00.5<500 - 1300





    531.0531.50.5<500 - 800





    531.5532.00.5<500 -700





    532.0532.50.5<500 - 1500





    532.5533.00.5500 - 15000





    533.0533.50.5<500 - 600





    533.5534.00.5800 - 23000





    534.0534.50.5<500 - 600





    534.5535.00.5<500 - 600





    535.0535.50.5600 - 5000





    535.5536.00.51000 - 5000





    536.0536.50.5600 - 2000





    536.5537.00.5<500





    539.5540.00.5<500





    540.0540.50.5<500 - 630





    540.5541.00.5<500





    541.0541.50.5<500 - 580





    541.5542.51.0<500





    544.5545.00.5<500





    545.5548.02.5<500





    548.0548.50.5510 - 1700





    548.5549.00.5640 - 1300





    549.0549.50.5<500 - 3500





    549.5550.00.5<500





    550.0550.50.5630 - 5900





    550.5551.00.5900 - 13000





    551.0551.50.5<500 - 2100





    552.5553.00.5<500 - 800





    553.0553.50.5500 - 3800





    553.5554.00.5<500 - 2800





    554.0554.50.51100 -7400





    556.0556.50.5<500 - 1100





    556.5557.00.5<500 - 2380





    557.0557.50.5900 - 13800





    557.5558.00.51900 - 43000





    558.0558.50.54000 - 11900





    558.5559.00.5<500 - 4600





    559.0559.50.5<500 - 1500





    559.5560.00.5<500 - 880





    560.0560.50.5<500 - 1090





    560.5561.00.5<500





    561.0561.50.5<500 - 690





    561.5562.00.5<500 - 1120





    562.0562.50.5<500 - 580





    562.5563.00.5<500 - 4000





    563.0563.20.2>61000





    563.2563.50.3<500 - 5300





    563.5564.00.5<500





    569.5570.00.5<500 - 870





    570.0570.50.5<500 - 1200





    570.5571.00.5<500 - 650





    571.0571.50.5<500 - 590





    571.5572.00.52200 - 10000





    572.0572.50.5<500 - 2900





    572.5573.00.5<500 - 3700





    573.0574.01.0<500





    574.0574.50.5<500 - 1770





    576.0576.50.5<500 - 6800





    576.5577.00.5<500 - 4600





    577.0577.50.5<500 - 10100





    577.5578.00.5<500 - 590





    578.0578.50.5<500





    582.5583.00.5<500





    584.0584.50.5<500 - 690





    584.5585.00.5<500





    586.5587.00.5<500





    598.0598.50.5<500

     

    • All depths and intervals are meters downhole, true thicknesses are yet to be determined.
    • "Off-scale" refers to >61,000 cps (counts per second) readings by gamma spectrometer type RS-125.
    • "Anomalous" means >500 cps readings by gamma spectrometer type RS-120.
    • Where "CPS Range" is <500 cps, this refers to local low radioactivity within the overall 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 meters 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 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.

    Contact Information

    Leigh Curyer
    Chief Executive Officer

    NexGen Energy Ltd.
    +1 604 428 4112
    [email protected] 
    www.nexgenenergy.ca

    Travis McPherson
    Chief Commercial Officer
    NexGen Energy Ltd.
    +1 604 428 4112
    [email protected] 
    www.nexgenenergy.ca

    Monica Kras
    Vice President, Corporate Development
    NexGen Energy Ltd.
    +44 7307 191933
    [email protected]
    www.nexgenenergy.ca

    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.sedarplus.ca) 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 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 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 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.sedarplus.ca 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.

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    To view the source version of this press release, please visit https://www.newsfilecorp.com/release/280488

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