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Asset Portfolio

Projects

Positioned to emerge as a top 10 global mining company based on after tax net cash flow, our dominant land position in this highly prospective and sovereign uranium district underlies our strategic advantage in the global uranium sector.

Size

Commanding an expansive >190,000 hectare portfolio in Saskatchewan's southwest Athabasca Basin,  Canada.

Discoveries

Multiple discoveries made close to existing infrastructure, including "Arrow" (February 2014) and, most recently, the Patterson Corridor East "PCE" discovery (February 2024).

Location

Highly prospective land package including SW1, SW2 and SW3 properties.

Mineralization

Total Measured & Indicated resource of 256.7 Mlbs (inclusive of reserves) and Inferred resource of another 80.7 Mlbs at Arrow.

Exploration Program

Active exploration program including a 42,000 m drill campaign at PCE and 3,500 m at SW3. PCE is showing remarkable continuity and geological characteristics analogous to Arrow.

Portfolio

Our Land Package

The southwestern Athabasca Basin is regarded as a premier uranium exploration area due to its high-grade mineralization. Over the past decade, numerous untested targets have been identified through extensive geophysical surveys, showcasing potential for further world-class discoveries.

Momentum continues to build across the world for clean energy solutions and NexGen will be a major contributor to this global movement

Leigh Curyer, Chief Executive Officer, NexGen Energy
Aerial view of a remote construction site with buildings surrounded by green forest under a colorful sunset.

PCE

Property Description

The Patterson Corridor East (PCE) discovery is a high-grade discovery 3.5 km east of Arrow. The system is open in most directions, with mineralization spanning over 600 m in strike length and 600 m vertical depth-, extent with 19 of 30 holes intersecting mineralization including 10 holes with multiple intervals >10,000 cps.

The best hole to date at PCE (RK-24-222) returns 17.0 m wide vein with multiple high intensity (>61,000 cps) occurrences. (learn more)

Ongoing efforts at PCE focus on testing the extents of mineralization through bold step outs, and vectoring in on high-grade zones within the broader mineralized system.

Geological Characteristics

  • Mineralized signature analogous to Arrow
  • Semi-massive to massive pitchblende veins, fracture coatings, and disseminations (up to off-scale >61,000 cps) hosted exclusively within crystalline basement rocks
  • Well-developed hydrothermal fluid system – hematite, limonite, clay, and chlorite alteration
  • Formation conditions linked to significant orebodies within the Athabasca Basin

Feasibility Study (FS)

Summary of Completed Geophysical Surveys

Current Exploration

Other

Discovery Date

February 2024

Stage

Greenfield

Project Description

High-grade, basement-hosted discovery

In 2026, PCE is the largest drill program in the Athabasca Basin by any Company at 42,000 metres (m)

Location

Southwest Athabasca Basin, Saskatchewan. Canada

Commodity

Acquired

Prospective Corridors

Total Metres Drilled

Rook I Patch Elevator
Rook I Project
Sw2

Arrow

The largest single source development-stage uranium project in the world.