With a strong portfolio considered to be 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. 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. 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 its properties.
NexGen's 2025 drill program expanded 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.
Assays confirm that PCE is an intense high-grade system that continues to grow rapidly. Assays from hole RK-25-232 are the best discovery phase hole ever drilled by NexGen at any of its properties; 15.0 m at 15.9% U3O8, including a peak intercept of 0.5 m at an exceptional 68.8% U3O8, in drillhole RK-25-232. Included within this phenomenal intercept is 3.0 m at 47.8% U3O8 and 1.5 m at 29.4% U3O8. This result ranks among the highest-grade basement hosted uranium vein intercepts in the world and validates the growing significance of PCE.
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.
NexGen’s 2026 commitment of 42,000 m at PCE is the largest drill program in the Athabasca Basin and builds on highly successful 2025 growth and results. A 3,500 m drill program at SW3 will advance the best target areas bringing forward additional opportunity for new discovery.