With a strong portfolio considered to be the among the most
prospective uranium properties known, NexGen has the most
significant land position in Saskatchewan’s southwest Athabasca
Basin, where it holds over 190,000 hectares.
The vast land package held by NexGen along the southwestern boundary of the Athabasca Basin in northern Saskatchewan, at SW1, SW2 (home of Arrow at the Rook I Project), and SW3, is considered by industry experts to be the pre-eminent uranium exploration area globally for high-grade, high-tonnage mineralization. This is a function of the world-class, high-grade, and high-tonnage mineralization discovered to date. Extensive geophysical surveys conducted over the past 10 years have identified numerous, untested targets on anomalies consistent with known mineralization.
Arrow is a 100% land-based, basement-hosted, and high-grade uranium discovery which is the largest development-stage uranium deposit in Canada. Additionally, the Company discovered "South Arrow" (July 2017), “Harpoon” (August 2016), "Bow" (March 2015) and “Cannon” (April 2016) 400 m, 4.7 km, 3.7 km, and 1.3 km away from Arrow, respectively. Harpoon is the most significant mineralized area since the discovery of Arrow. The company remains well-funded to continue through advanced engineering in support of mine and mill construction at the Arrow Deposit, and for further exploration drilling on the Rook I property.
NexGen's 2025 43,000-meter exploration drill program will continue to test the extents and growth of mineralization discovered in early 2024 at Patterson Corridor East (PCE) located 3.5 km east of the world-class Arrow Deposit. This systematic program represents an increase of 9,000 m from the 2024 program and is expected to be one of the largest drill programs in the Athabasca Basin, Saskatchewan in 2025.
Initial results at PCE have indicated an expansive mineralized footprint with remarkable continuity with geological characteristics very analogous to Arrow, indicating a large, pervasive and high-grade system. Drilling in 2025 will focus on testing extents of the mineralized footprint, further investigating high-grade zones within the broad mineralized footprint, and determining potential for additional mineralization within the same target area.
Drillhole RK-25-232 at Patterson Corridor East (PCE) has delivered NexGen’s best-ever discovery-phase intercept across any of its properties, including Arrow. The hole intersected 3.9 meters of exceptionally high radioactivity (>61,000 cps) within a broader 13.8-meter mineralized interval, highlighting the significant potential of this emerging system.
NexGen's disciplined and systematic approach to evaluating high-priority targets resulted in the discovery and material growth of mineralization at PCE. This highly prospective area continues to be the central focus of the Company’s exploration efforts given the clear potential demonstrated to date at PCE.