Radio Project

Location

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NexGen has an option to acquire 70% (First right on final 30%) of the Radio project, which is located in the North East Athabasca Basin, directly adjacent to Rio Tinto’s Roughrider Deposit. Rio Tinto acquired Hathor Exploration, previous owner of the Roughrider deposits, for $654m in December 2011.

 

  • Asset Location Map

    Dominant Athabasca Basin land position

    Projects predominantly located in the shallower sections/ boundary of the Athabasca Basin at the unconformity.

  • Radio Property Location

    Claim Maps and Nearby Uranium Deposits(7)

    Notes
    (1) “Preliminary Economic Assessment Technical Report for the East and West Zones Roughrider Uranium Project, Saskatchewan”, 13 Sep 2011; on SEDAR (www.sedar.com) under the profile of Hathor Exploration Limited.  (2) ”Technical Report on the Midwest A Uranium Deposit Saskatchewan, Canada”, 31 Jan 2008, on SEDAR (www.sedar.com) under the profile of Denison Mines Corp.  (3) “Technical Report on the Midwest Uranium Deposit Mineral Resource and Mineral Reserve Estimates Saskatchewan, Canada”, 01 Jun 2005, revised 14 Feb 2006, on SEDAR (www.sedar.com) under the profile of Denison Mines Inc.  (4) Cameco Corp. (www.cameco.com).  (5) “Technical Report on the Mineral Resource Estimate for the McClean North Uranium Deposits, Saskatchewan”, 31 Jan 2007, on SEDAR (www.sedar.com) under the profile of Denison Mines Corp.  (6)“Technical report on the Waterbury Lake uranium project including resource estimate on the J Zone uranium deposit, Waterbury Lake property, located in the Athabasca Basin, Northern Saskatchewan”, 29 Feb 2012 on SEDAR (www.sedar.com) under the profile of Fission Energy Corp.  (7) There is no known uranium mineralisation at the Radio Project. Information regarding adjacent properties is not necessarily indicative of the mineralisation at the Radio Project.

  • Radio Property Location

    Radio is adjacent to, and covers the extension of, the interpreted E-W structural corridor, which hosts the world class Roughrider deposits.

    Source: Fission Energy presentation to Agora Financial, Vancouver; 25 Jul 2012

  • Athabasca Basin Uranium Target Model

    Uranium is associated with basement fault systems, resulting in extensive alteration envelopes above mineralisation; depth to basement at Radio ~170–200m.

    Source: Card et al 2010 (SGS Open House) & ExTech IV

  • Structural Trends

    Structural trends on the Radio Project are similar to those hosting nearby deposits.

    Data: Geological Survey of Canada

  • Proposed Drill Targets

    Proposed drill targets are interpreted to be on the same structural trend that hosts the Roughrider Deposit.

    Data Source: Hathor Exploration Ltd Corporate Presentation Sep 2011
    Data Source: RADIO Ground Resistivity 2012; 250m depth slice

  • Aeromagnetics & VTEM

    Flown April 2011

  • Radio Property Neighbours

    Data Source: Hathor presentation Apr 2011

  • Radio, Athabasca Basin (1)

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  • Radio, Athabasca Basin (2)

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  • Radio, Athabasca Basin (3)

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  • Radio, Athabasca Basin (4)

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  • Radio, Athabasca Basin (5)

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  • Radio, Athabasca Basin (6)

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  • Radio, Athabasca Basin (7)

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  • Radio, Athabasca Basin (8)

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  • Radio, Athabasca Basin (9)

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