SW2

SW2 Overview

The SW2 Property (the “Property”) is a group of contiguous land claims totaling 84,651 hectares, located in the Southwest Athabasca Basin, approximately 150 km north of La Loche. The Rook I Project, which hosts the Arrow Deposit, makes up the largest portion of the SW2 land package. In addition to the Arrow Deposit, the Property is host to the Bow, Cannon, South Arrow, and Harpoon discoveries.

Since the acquisition of the Property in 2012, NexGen has conducted numerous geophysical surveys, particularly along the Patterson Lake Corridor (“PLC”), which currently hosts two (2) major uranium deposits discovered in the last 10 years, along with numerous other uranium showings. Geophysical surveys conducted under NexGen’s tenure include:

• DC Resistivity (2013)
• Ground Gravity (2013 and 2015)
• VLF-EM (2013 and 2016)
• VTEM (2014)
• Radon in Water (2015)
• Airborne Gravity (2016)
• ZTEM (2016)
• 3D Resistivity (2016 and 2017)

The resulting geophysical signatures on SW2, particularly the PLC, have played an integral role in highlighting prospective target areas for uranium mineralization. This includes strong conductive signatures with numerous off-sets coincident with discrete gravity lows and steep magnetic gradients. Drill testing geophysical targets of this nature has led to numerous uranium discoveries, including the high-grade Arrow Deposit which is the largest development-stage uranium deposit in Canada.

Current Exploration

Exploration is currently focused at high priority target areas along the PLC as well as proximal parallel conductive corridors on the Rook I Project. All current target areas exhibit similar geophysical characteristics to Arrow - building from the exploration model that has been applied with great success along the PLC and rigorously applying it.