NexGen Announces Best Hole to Date (RK-24-222) and High-Grade Expansion at Patterson Corridor East Concluding a Successful 2024 Drilling Program

2024-11-12 / @newswire

 

  • NexGen's 2024 exploration campaign delivered a new discovery on Rook I at Patterson Corridor East ("PCE") 3.5km east of Arrow.
  • Subsequent drilling has materially expanded the mineralized zone to 600 m strike length and 600 m vertical extent with 19 of 30 holes intersecting mineralization including 10 holes with multiple intervals >10,000 cps.
  • Today's announcement highlights the best hole to date at PCE (RK-24-222) returns 17.0 m wide vein with multiple high intensity (>61,000 cps) occurrences.
  • In 2024, PCE is the largest drill program in the Athabasca Basin by any Company at 34,000 meters (m).

VANCOUVER, BC, Nov. 12, 2024 /CNW/ - NexGen Energy Ltd. ("NexGen" or the "Company") (TSX: NXE) (NYSE: NXE) (ASX: NXG) is proud to announce the completion of its 2024 drilling campaign at Patterson Corridor East (PCE) that included more than 34,000 m across a total of 46 drillholes. Upon initial discovery of intense uranium mineralization at PCE (see March 11 News Release), the Company directed all drilling activity to focus exclusively on PCE, whereby 19 of 30 holes intersected mineralization. Bold and systematic spacing of drillhole intercepts have quickly grown the discovery from a single hole to a broad and continuous new uranium discovery. Real-time evaluation of results throughout the duration of the program focused on determining the overall outer extents of the mineralized zone and in parallel, precisely targeting high-grade sub-domains (Figures 1 and 2, Table 1).

In late October, a high-grade portion has presented itself within the overall mineralized zone with upgraded intensity of mineralization in the now best hole to date, RK-24-222 (Figure 3). A 17.0 m wide vein with multiple occurrences of off-scale (>61,000 cps) mineralization (Table1, Figure 3). In addition, RK-24-220 and -223 intersected strong mineralization up to 41,000 cps and 40,000 cps, respectively including multiple intercepts of >10,000 cps.  System strength is confirmed by these zones characterized by semi-massive to massive replacement by uraninite. A high-grade sub-domain of the mineralized footprint now covers 100 m of strike and 170 m of depth extent with potential growth in all directions (Figure 2). The high-grade intersection in RK-24-222 represents the fifth drillhole at PCE to return off-scale (>61,000 cps) mineralization, joining previous significant intersections in RK-24-183, -197, -202, and -207.

Leigh Curyer, Chief Executive Officer, commented: "This focused effort has elevated the materiality of PCE and today's results highlight the increasing potential of the PCE system with RK-24-222. With 600 m of strike length and 600 m of depth extent, this new zone located entirely within competent basement rock only 3.5 km from the flagship world-class Arrow deposit has emerged as a compelling and prospective addition to NexGen's dominant portfolio in the south western section of the Athabasca Basin.

NexGen's disciplined dual focus on the advancement of the Rook I Project and the expanded exploration at PCE demonstrates the Company's commitment to unlocking the full potential of this major uranium district at a time where the need for clean affordable safe baseload energy has never been more evident. With the world's leading tech companies all committing to nuclear power in recent month's the outlook is incredibly exciting in the nuclear fuel space."

Assays from disclosed intersections are expected in Q4 2024 and Q1 2025, with reporting to follow.  Exploration activity will resume in January 2025 with planning underway for a significant drill program at PCE where the prospectivity for material growth is clearly evident.  

Figure 1: Map view of PCE target area with the mineralized footprint wireframe shown in red; as of November 11, 2024 (CNW Group/NexGen Energy Ltd.)

Figure 2: Schematic long section comparison from mid-summer 2024 to November 2024 of mineralized footprint at PCE; additional drilling has maintained internal continuity with modest expansion in most directions (CNW Group/NexGen Energy Ltd.)

Figure 3: Core photo from RK-24-222; high-grade mineralization is hosted near continuously within an overall vein width of 17.0 m from 604.5 to 621.5 m with a secondary vein below from 623.0 to 626.0 m; yellow outlines >1,000 cps while red outlines >10,000 cps (CNW Group/NexGen Energy Ltd.)

Figure 4: RK-24-222 close-up of off-scale (>61,000 cps) massive replacement by uraninite haloed by hematite at 607.4 m (CNW Group/NexGen Energy Ltd.)

Figure 5: RK-24-222 semi-massive replacement by uraninite accompanied by argillization and hematite at 618.5 m, max peak of >61,000 cps (CNW Group/NexGen Energy Ltd.)

Table 1: 2024 Spectrometer results since previous release on August 8, 2024

Drillhole

Unconformity
Depth (m)

Handheld Spectrometer Results (RS-125)

Hole ID

Azimuth

Dip

Total
Depth (m)

From
(m)

To (m)

Width
(m)

CPS Range

RK-24-208

310

-70

756

104.3

435

435.5

0.5

<500






435.5

436

0.5

<500 - 710






522

522.5

0.5

<500






523

523.5

0.5

<500






655

655.5

0.5

<500 - 750






655.5

656

0.5

<500






657.5

658

0.5

<500






658.5

659

0.5

<500






665.5

666

0.5

<500






666

666.5

0.5

<500 - 610






669.5

670.5

1

<500






670.5

671

0.5

560 - 950






671

671.5

0.5

1400 - 3560






673

673.5

0.5

<500 - 690






673.5

674

0.5

500 - 1140






674

675

1

<500






680

681

1

<500






685.5

686

0.5

<500 - 600






686.5

687

0.5

600 - 800






687

687.5

0.5

900 - 3000






687.5

688

0.5

<500 - 3000






689

689.5

0.5

<500 - 500






689.5

690

0.5

1300 - 5700






690

690.5

0.5

<500 - 2400






690.5

691

0.5

<500






691.5

692

0.5

<500 - 1800






692

692.5

0.5

<500 - 1600






692.5

693

0.5

<500






693

693.5

0.5

<500 - 1300






693.5

694

0.5

<500 - 500






694

694.5

0.5

<500 - 610






694.5

695

0.5

<500 - 600






695

695.5

0.5

550 - 1500






695.5

696

0.5

<500 - 3500






696

696.5

0.5

<500 - 810






697.5

698.5

1

<500

RK-24-209

310

-70

840

110.7

395

396

1

<500






627.5

628

0.5

<500 - 510






695

695.5

0.5

<500






759

759.5

0.5

<500 - 600

RK-24-210

310

-70

1095

102.4

639

639.5

0.5

<500






639.5

640

0.5

<500 - 510






640

640.5

0.5

<500






854

854.5

0.5

<500 - 700






854.5

855

0.5

<500






855.5

856

0.5

<500 - 1600






856

856.5

0.5

<500 - 1800






857.5

858

0.5

<500






858

858.5

0.5

<500 - 1600






862

862.5

0.5

<500 - 950






863.5

864

0.5

<500 - 700






869

869.5

0.5

<500 - 600






869.5

870

0.5

<500 - 500






874.5

875

0.5

<500 - 550






875.5

876

0.5

<500 - 3800






876

876.5

0.5

2700 - 6500






876.5

877

0.5

<500 - 1100






877

879

2

<500






879

879.5

0.5

<500 - 1200






879.5

880

0.5

<500 - 700






880

880.5

0.5

<500 - 750






880.5

881

0.5

600 - 1200






881

881.5

0.5

<500 - 600






881.5

882

0.5

<500 - 900






882

882.5

0.5

<500 - 1500






882.5

883

0.5

800 - 3400






883

883.5

0.5

<500 - 520






884.5

885

0.5

<500






885.5

886

0.5

<500 - 600






886

886.5

0.5

<500 - 1100






886.5

887

0.5

<500 - 1600






888

888.5

0.5

<500






888.5

889

0.5

<500 - 900






915.5

916.5

1

<500






920

920.5

0.5

<500 - 500






921

921.5

0.5

<500 - 700






921.5

922

0.5

<500

RK-24-211

310

-70

1302

103.1

776.5

777

0.5

<500






784

784.5

0.5

<500






1116.5

1117

0.5

<500

RK-24-212

315

-70

137

121

No Significant Intersections

RK-24-213

310

-70

936

87

No Significant Intersections

RK-24-214

310

-70

989

111.6

463

463.5

0.5

<500






466.5

467

0.5

<500






859.5

860

0.5

<500






862.5

863.5

1

<500






863.5

864

0.5

<500 - 950






865

865.5

0.5

<500






865.5

866

0.5

<500 - 540






866

866.5

0.5

<500 - 1400






867.5

868

0.5

<500






868

868.5

0.5

<500 - 650






868.5

869

0.5

<500 - 2200






869.5

870

0.5

<500

RK-24-215

310

-70

840

114.8

542

542.5

0.5

600 - 1300






542.5

543

0.5

2200 - 3200






543

543.5

0.5

6000 - 11000






543.5

544

0.5

<500 - 5000






544

544.5

0.5

<500 - 700






544.5

545

0.5

600 - 3500






545

545.5

0.5

500 - 1800






545.5

546

0.5

<500 - 700






546

546.5

0.5

<500 - 1400






546.5

547

0.5

<500 - 1150






547

547.5

0.5

<500






551.5

552

0.5

<500 - 1700






552

553.5

1.5

<500






564.5

565

0.5

<500 - 700






570

570.5

0.5

<500






570.5

571

0.5

<500 - 800






571

571.5

0.5

<500






571.5

572

0.5

<500 - 600






572

572.5

0.5

<500






583.5

584

0.5

<500






584.5

585

0.5

<500






585

585.5

0.5

600 - 1500






585.5

586

0.5

<500 - 550






586

586.5

0.5

<500 - 700






586.5

587

0.5

<500 - 800






587

588

1

<500






588

588.5

0.5

600 - 2000






588.5

589

0.5

700 - 2100






589

589.5

0.5

<500 - 1300






589.5

590

0.5

1200 - 1500






590.5

591

0.5

<500






600

600.5

0.5

<500 - 500






604.5

605

0.5

<500






608.5

609

0.5

<500






609

609.5

0.5

800 - 2850






609.5

610

0.5

<500






610

610.5

0.5

<500 - 850






621.5

622

0.5

<500 - 1500






622

622.5

0.5

<500 - 700






643

643.5

0.5

<500






646

646.5

0.5

<500 - 700






646.5

647

0.5

<500 - 1300






647

647.5

0.5

<500 - 2500






647.5

648

0.5

<500 - 700






648

649

1

<500






657

657.5

0.5

<500 - 1200






658

658.5

0.5

<500 - 500






658.5

659

0.5

<500 - 500






659

659.5

0.5

<500 - 1950






665.5

666

0.5

<500 - 600






681

681.5

0.5

<500 - 900






681.5

682

0.5

<500 - 850

RK-24-216

310

-70

1071

99.7

787

787.5

0.5

<500 - 600






787.5

788

0.5

1100 - 3700






788

788.5

0.5

800 - 1200






788.5

789

0.5

<500






789.5

790

0.5

<500 - 700






790

790.5

0.5

<500 - 700






790.5

791

0.5

<500






791.5

792

0.5

<500 - 550






805

805.5

0.5

<500 - 740






805.5

806

0.5

<500






807.5

808.5

1

<500






811.5

812

0.5

<500 - 5800






815

815.5

0.5

<500 - 760






815.5

816

0.5

<500 - 700






819

820

1

<500

RK-24-217

310

-70

1185

105.6

519

520

1

<500






528.5

529

0.5

<500






709

710

1

<500

RK-24-217a

310

-70

120

105.1

No Significant Intersections

RK-24-218

310

-70

696

109.6

325.5

326

0.5

<500 - 830






424.5

425

0.5

<500 - 550






425.5

426

0.5

<500






463.5

464

0.5

<500 - 520






494.5

495

0.5

<500 - 550






515.5

516

0.5

<500






516

516.5

0.5

<500 - 700






516.5

517

0.5

<500 - 1200






517

517.5

0.5

500 - 4300






517.5

518

0.5

<500 - 1200






518

518.5

0.5

1000 - 2000






518.5

519

0.5

<500 - 1000

RK-24-219

310

-70

1187

99.8

758.5

759

0.5

<500 - 1050






759.5

760

0.5

<500 - 1100






897.5

898

0.5

<500






982

982.5

0.5

<500 - 570

RK-24-220

310

-70

732

116

387

387.5

0.5

<500






445.5

446

0.5

<500 - 510






446

446.5

0.5

<500 - 660






446.5

447

0.5

<500






452

452.5

0.5

<500 - 2400






452.5

453

0.5

<500 - 2000






453

454.5

1.5

<500






454.5

455

0.5

<500 - 650






455.5

456

0.5

<500 - 1700






456

456.5

0.5

600 - 1300






456.5

457

0.5

<500 - 1200






457

457.5

0.5

700 - 27000






457.5

458

0.5

1700 - 41000






459.5

460

0.5

<500 - 550






460

461

1

<500






461

461.5

0.5

<500 - 7000






461.5

462

0.5

<500 - 6000






462

462.5

0.5

740 - 2000






462.5

463

0.5

3500 - 4500






463

463.5

0.5

1300 - 6000






463.5

464

0.5

600 - 6500






464

464.5

0.5

600 - 2000






464.5

465

0.5

700 - 4000






465

465.5

0.5

<500 - 5600






465.5

466

0.5

1200 - 8200






466

466.5

0.5

<500 - 6000






477.5

478

0.5

<500 - 750






478

478.5

0.5

<500 - 800






479

479.5

0.5

<500






479.5

480

0.5

<500 - 800






480

480.5

0.5

<500 - 680






480.5

481

0.5

680 - 1300






481

481.5

0.5

<500 - 600






481.5

482

0.5

<500






482

482.5

0.5

<500 - 520






482.5

483

0.5

<500 - 520






483

483.5

0.5

<500






483.5

484

0.5

<500 - 800






484

484.5

0.5

<500 - 1100






484.5

485

0.5

<500 - 16000






485

485.5

0.5

3000 - 16000






485.5

486

0.5

<500 - 7000






486

486.5

0.5

<500 - 13000






486.5

487

0.5

<500 - 1200






487

488

1

<500






489

489.5

0.5

<500 - 640






489.5

490

0.5

<500 - 950






490

490.5

0.5

<500 - 800






490.5

491

0.5

<500 - 2100






491

491.5

0.5

<500 - 6000






491.5

492

0.5

<500 - 840






495

495.5

0.5

<500






495.5

496

0.5

<500 - 6800






496

496.5

0.5

<500 - 4100






496.5

497

0.5

<500 - 6000






497

497.5

0.5

2600 - 2600






497.5

498

0.5

<500 - 500






498

498.5

0.5

<500 - 1800






498.5

499

0.5

<500






503

503.5

0.5

<500 - 1500






503.5

504.5

1

<500






525.5

526

0.5

<500






539

539.5

0.5

<500






539.5

540

0.5

540 - 7300






570.5

571

0.5

<500 - 730






579.5

580

0.5

<500






580

580.5

0.5

<500 - 510






580.5

581

0.5

<500 - 520






583

583.5

0.5

<500






583.5

584

0.5

<500 - 1500






584

584.5

0.5

<500 - 620






596.5

597

0.5

<500 - 1300






597

597.5

0.5

<500 - 1300






599.5

600

0.5

<500

RK-24-221

310

-70

861.6

115.9

302

302.5

0.5

<500






302.5

303

0.5

<500 - 600






303

303.5

0.5

<500 - 830






594.5

595

0.5

<500






595

595.5

0.5

<500 - 1700






597.5

598

0.5

<500 - 5500






599

599.5

0.5

<500 - 2700






642

642.5

0.5

<500






642.5

643

0.5

<500 - 520






643

643.5

0.5

<500 - 1100






644

644.5

0.5

<500






650.5

651

0.5

<500 - 670






697.5

698

0.5

<500






698

698.5

0.5

<500 - 2300

RK-24-222

354

-65

753

108.4

588

588.5

0.5

770 - 1200






598

599.5

1.5

<500






602.5

603

0.5

<500 - 820






603

603.5

0.5

640 - 2000






603.5

604.5

1

<500






604.5

605

0.5

3000 - 20000






605

605.5

0.5

5800 - 17000






605.5

605.6

0.1

18000 - 60000






605.6

605.7

0.1

>61000






605.7

606

0.3

9000 - 60000






606

606.5

0.5

1800 - 10000






606.5

607

0.5

<500 - 730






607

607.4

0.4

3000 - 60000






607.4

607.8

0.4

>61000






607.8

608

0.2

5000 - 60000






608

608.2

0.2

16000 - 60000






608.2

608.4

0.2

>61000






608.4

608.5

0.1

10000 - 60000






608.5

609

0.5

6400 - 42000






609

609.5

0.5

10000 - 25000






609.5

610

0.5

7000 - 25000






610

610.5

0.5

<500 - 6000






610.5

610.9

0.4

7000 - 60000






610.9

611

0.1

>61000






611

611.5

0.5

4000 - 26000






611.5

612

0.5

3000 - 10000






612

612.5

0.5

700 - 3000






612.5

613

0.5

3000 - 7000






613

613.5

0.5

700 - 6000






613.5

614

0.5

2000 - 33000






614

614.5

0.5

900 - 6000






614.5

615

0.5

1900 - 39000






615

615.5

0.5

580 - 15000






615.5

616

0.5

500 - 5000






616

616.5

0.5

900 - 7500






616.5

617

0.5

900 - 25000






617

617.5

0.5

2800 - 14000






617.5

618

0.5

1100 - 3500






618

618.4

0.4

1300 - 60000






618.4

618.5

0.1

>61000






618.5

619

0.5

15000 - 31000






619

619.5

0.5

9800 - 39000






619.5

620

0.5

3400 - 14500






620

620.5

0.5

1800 - 24000






620.5

621

0.5

2500 - 25000






621

621.5

0.5

<500 - 2800






622

622.5

0.5

<500 - 580






622.5

623

0.5

<500 - 800






623

623.5

0.5

550 - 18000






623.5

624

0.5

500 - 1400






624

624.5

0.5

<500 - 700






624.5

625

0.5

<500 - 10000






625

625.4

0.4

500 - 60000






625.4

625.5

0.1

>61000






625.5

626

0.5

700 - 40000






627

627.5

0.5

<500






629

629.5

0.5

<500 - 1000






640

640.5

0.5

<500 - 600






640.5

641

0.5

<500 - 510






649

649.5

0.5

<500






658

658.5

0.5

<500 - 800






658.5

659

0.5

<500






665

665.5

0.5

<500






668

668.5

0.5

<500 - 800






668.5

669

0.5

<500 - 560






671

671.5

0.5

<500






687

687.5

0.5

<500

RK-24-223

345

-66

TBD

106.8

336

336.5

0.5

<500 - 800






633

633.5

0.5

<500 - 7200






633.5

634

0.5

<500 - 40000






634

634.5

0.5

<500 - 1300






634.5

635

0.5

<500 - 1700






635

635.5

0.5

<500






645.5

646

0.5

<500 - 740






646

646.5

0.5

2100 - 10000






646.5

647

0.5

7500 - 24000






647

647.5

0.5

1000 - 24000






675

675.5

0.5

500 - 4200






675.5

676

0.5

1200 - 7200






676

676.5

0.5

<500 - 3700






678

678.5

0.5

<500 - 700






678.5

679

0.5

<500






679.5

680

0.5

<500 - 800






689.5

690

0.5

<500 - 2500






690

690.5

0.5

5000 - 14000






690.5

691

0.5

4000 - 12000






691

691.5

0.5

<500 - 6000






691.5

692

0.5

3000 - 12000






692

692.5

0.5

5000 - 14000






692.5

693

0.5

<500 - 1100






695.5

696

0.5

<500 - 3100






696

696.5

0.5

<500 - 1500






696.5

697

0.5

<500






702.5

703.5

1

<500






704.5

705

0.5

<500






713.5

714

0.5

<500 - 1700






714.5

715

0.5

<500






715

715.5

0.5

<500 - 1200






716

716.5

0.5

1200 - 1800






716.5

717

0.5

<500 - 1100






717

717.5

0.5

1500 - 2200






717.5

718

0.5

<500 - 2000






718

718.5

0.5

<500 - 5100






720.5

721

0.5

<500 - 5900






721

721.5

0.5

<500 - 2000






722

722.5

0.5

1100 - 12000






722.5

723

0.5

1500 - 23000






723

723.5

0.5

3500 - 37000






726

726.5

0.5

<500 - 3000






726.5

727

0.5

3000 - 12000






727

727.5

0.5

<500






737.5

738

0.5

<500 - 5000






738

738.5

0.5

<500 - 1400






743

743.5

0.5

<500 - 700






749

750

1

<500






756.5

757

0.5

<500






757.5

758

0.5

<500






758.5

759

0.5

<500






759

759.5

0.5

<500 - 720






760

760.5

0.5

<500 - 3000






763.5

764

0.5

<500 - 650






764.5

765.5

1

<500






765.5

766

0.5

900 - 3700






766

766.5

0.5

800 - 15000






766.5

767

0.5

800 - 25000






767

767.5

0.5

1000 - 11000






767.5

768

0.5

<500






772

772.5

0.5

<500-500






772.5

773

0.5

<500






773.5

774

0.5

<500 - 700






774

774.5

0.5

<500 - 10000






775

775.5

0.5

<500

RK-24-224

310

-70

TBD

115.8

TBD

  • All depths and intervals are meters downhole, true thicknesses are yet to be determined.
  • "Off-scale" refers to >61,000 cps total readings by gamma spectrometer type RS-125.
  • Unconformity of 'N/A' denotes a lack of visible contact between Athabasca sandstone and basement rock.
  • Maximum internal dilution 2.0 m downhole.
  • Minimum thickness of 0.5 m downhole.
  • All depths and intervals are metres downhole, true thicknesses are yet to be determined. Resource modelling in conjunction with an updated mineral resource estimate is required before true thicknesses can be determined.

About NexGen

NexGen Energy is a Canadian company focused on delivering clean energy fuel for the future. The Company's flagship Rook I Project is being optimally developed into the largest low cost producing uranium mine globally, incorporating the most elite standards in environmental and social governance. The Rook I Project is supported by a NI 43-101 compliant Feasibility Study which outlines the elite environmental performance and industry leading economics. NexGen is led by a team of experienced uranium and mining industry professionals with expertise across the entire mining life cycle, including exploration, financing, project engineering and construction, operations, and closure.  NexGen is leveraging its proven experience to deliver a Project that leads the entire mining industry socially, technically, and environmentally. The Project and prospective portfolio in northern Saskatchewan will provide generational long-term economic, environmental, and social benefits for Saskatchewan, Canada, and the world.  

NexGen is listed on the Toronto Stock Exchange, the New York Stock Exchange under the ticker symbol "NXE" and on the Australian Securities Exchange under the ticker symbol "NXG" providing access to global investors to participate in NexGen's mission of solving three major global challenges in decarbonization, energy security and access to power.  The Company is headquartered in Vancouver, British Columbia, with its primary operations office in Saskatoon, Saskatchewan.

www.nexgenenergy.ca

Technical Disclosure*

All technical information in this news release has been reviewed and approved by Jason Craven, NexGen's Manager, Exploration, a qualified person under National Instrument 43-101.

Natural gamma radiation in drill core reported in this news release was measured in counts per second (cps) using a Radiation Solutions Inc. RS-125 gamma spectrometer. The reader is cautioned that total count gamma readings may not be directly or uniformly related to uranium grades of the rock sample measured; they should be used only as a preliminary indication of the presence of radioactive minerals.

A technical report in respect of the FS is filed on SEDAR ( www.sedar.com ) and EDGAR (www.sec.gov/edgar.shtml ) and is available for review on NexGen Energy's website (www.nexgenenergy.ca ).

Cautionary Note to U.S. Investors

This news release includes Mineral Reserves and Mineral Resources classification terms that comply with reporting standards in Canada and the Mineral Reserves and the Mineral Resources estimates are made in accordance with NI 43-101. NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. These standards differ from the requirements of the Securities and Exchange Commission ("SEC") set by the SEC's rules that are applicable to domestic United States reporting companies.   Consequently, Mineral Reserves and Mineral Resources information included in this news release is not comparable to similar information that would generally be disclosed by domestic U.S. reporting companies subject to the reporting and disclosure requirements of the SEC Accordingly, information concerning mineral deposits set forth herein may not be comparable with information made public by companies that report in accordance with U.S. standards.

Forward-Looking Information

The information contained herein contains "forward-looking statements" within the meaning of applicable United States securities laws and regulations and "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to mineral reserve and mineral resource estimates, the 2021 Arrow Deposit, Rook I Project and estimates of uranium production, grade and long-term average uranium prices, anticipated effects of completed drill results on the Rook I Project, planned work programs, completion of further site investigations and engineering work to support basic engineering of the project and expected outcomes. Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. Statements relating to "mineral resources" are deemed to be forward-looking information, as they involve the implied assessment that, based on certain estimates and assumptions, the mineral resources described can be profitably produced in the future.

Forward-looking information and statements are based on the then current expectations, beliefs, assumptions, estimates and forecasts about NexGen's business and the industry and markets in which it operates. Forward-looking information and statements are made based upon numerous assumptions, including among others, that the mineral reserve and resources estimates and the key assumptions and parameters on which such estimates are based are as set out in this news release and the technical report for the property , the results of planned exploration activities are as anticipated, the price and market supply of uranium, the cost of planned exploration activities, that financing will be available if and when needed and on reasonable terms, that third party contractors, equipment, supplies and governmental and other approvals required to conduct NexGen's planned exploration activities will be available on reasonable terms and in a timely manner and that general business and economic conditions will not change in a material adverse manner. Although the assumptions made by the Company in providing forward looking information or making forward looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate in the future.

Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual results, performances and achievements of NexGen to differ materially from any projections of results, performances and achievements of NexGen expressed or implied by such forward-looking information or statements, including, among others, the existence of negative operating cash flow and dependence on third party financing, uncertainty of the availability of additional financing, the risk that pending assay results will not confirm previously announced preliminary results, conclusions of economic valuations, the risk that actual results of exploration activities will be different than anticipated, the cost of labour, equipment or materials will increase more than expected, that the future price of uranium will decline or otherwise not rise to an economic level, the appeal of alternate sources of energy to uranium-produced energy, that the Canadian dollar will strengthen against the U.S. dollar, that mineral resources and reserves are not as estimated, that actual costs or actual results of reclamation activities are greater than expected, that changes in project parameters and plans continue to be refined and may result in increased costs, of unexpected variations in mineral resources and reserves, grade or recovery rates or other risks generally associated with mining, unanticipated delays in obtaining governmental, regulatory or First Nations approvals, risks related to First Nations title and consultation, reliance upon key management and other personnel, deficiencies in the Company's title to its properties, uninsurable risks, failure to manage conflicts of interest, failure to obtain or maintain required permits and licences, risks related to changes in laws, regulations, policy and public perception, as well as those factors or other risks as more fully described in NexGen's Annual Information Form dated  March 6, 2024 filed with the securities commissions of all of the provinces of Canada except Quebec and in NexGen's 40-F filed with the United States Securities and Exchange Commission, which are available on SEDAR at www.sedar.com and Edgar at www.sec.gov .

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or statements or implied by forward-looking information or statements, there may be other factors that cause results not to be as anticipated, estimated or intended.  Readers are cautioned not to place undue reliance on forward-looking information or statements due to the inherent uncertainty thereof.

There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/nexgen-announces-best-hole-to-date-rk-24-222-and-high-grade-expansion-at-patterson-corridor-east-concluding-a-successful-2024-drilling-program-302302403.html

SOURCE NexGen Energy Ltd.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/November2024/12/c0958.html

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