Arrow: A Rapidly Growing Uranium Discovery | December, 2014
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This presentation is a summary description of NexGen Energy Ltd. (“NexGen” or the
“Company”) and its business and does not purport to be complete. This presentation is
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been prepared by NexGen and there is no representation or warranty by NexGen or any
other person as to the accuracy or completeness of the information set forth herein. This
presentation includes information on adjacent properties that was obtained from various
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statements may constitute “forward-looking information” within the meaning of applicable
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financing, our plans for exploration and development of our properties and our financial
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not limited in any manner to those risks set forth in this presentation under the heading
“Risk Factors”, including, the risk that no mineralization will be identified on the Radio
and Rook I properties; the Company’s dependence on third party financing; the
Company’s limited operating history; risks inherent in exploration activities;
environmental and safety risks including increased regulatory burdens; unexpected
geological or hydrological conditions; a possible deterioration in political support for
nuclear energy; changes in government regulations and policies, including trade laws
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make certain assumptions including with respect to the financing and its ability to
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the assumptions underlying, and the expectations reflected in, the forward-looking
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indications of whether or not or the times at or by which such performance or results will
be achieved. Many factors that are beyond the Company’s control could cause actual
results to differ materially from the results discussed in the forward-looking statements.
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Uranium Market
- 70 reactors currently under construction - Another 150-200 in planning - China nuclear capacity currently 18GW increasing to 46GW by 2019. China Climate Pledge Needs 1,000 Nuclear Plant Effort, Bloomberg 21 Nov 2014
- Japan: National Regulatory Authority approved the restart of 2 reactors, application for 20 of 48 in review - 90% of current production under significant technical and/or sovereign risk - Spot Price uranium up ~50% since Sept 2014 Kyushu Electric's Sendai nuclear power plant could
restart in late 2014 or early 2015. Courtesy: Japan Times
Two Westinghouse AP1000 reactors are currently under construction at the Sanmen Nuclear Power Station in eastern Zhejiang Province, China. Courtesy: Westinghouse
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Board, Executive & Technical Team
Board & Executive
Chris McFadden Chairman
Leigh Curyer Chief Executive Officer
Grace Marosits Chief Financial Officer
Richard Patricio Director
Trevor Thiele Director
Craig Parry Director
Gerry Feldman Director
James Currie Director
Strong team with a successful track record in
uranium exploration.
Technical Team
Garrett Ainsworth VP Exploration & Development
James Sykes Senior Geologist
Jenn Kocay Exploration Geologist
Technical Advisory Committee
Andrew Browne former VP Exploration & Development
Craig Parry Director
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Project Overview Project Overview Focus High tonnage, high grade, technically superior assets in shallow sections of the Athabasca Basin
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South West Athabasca Basin NexGen owns the most dominant land package in this section of the Basin
Portfolio Characteristics
- Straddles the Basin boundary and shallow sections inside the Basin
- Hosts the land based Arrow discovery at Rook I
- Hosts all known uranium
bearing conductor corridors
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Arrow Discovery Rook I Project location & Conductor Corridors
Arrow Discovery - Discovered February
2014, - Land based located
inside the Basin boundary
- 30 from 32 holes drilled to date intersected multiple high grade uranium mineralisation
- AR-14-30 ranked as one of the best holes in the Athabasca Basin
Rook I hosts all the known uranium bearing conductor corridors in the region
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Arrow Target Conductor break coincident with gravity low.
Discovered on first drill hole AR-14-1 (formerly RK-14-21)
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Arrow Series of stacked parallel sub- vertical mineralized shear zones
Characteristics 30 of 32 holes drilled to date intersected high grade uranium mineralization 90% of holes drilled are angled across wide step outs, Area of mineralization, Length x width - 515m x 215m,
Depth - 100m to 730m,
Open in all directions along a 7km
conductor corridor
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Arrow AR-14-30 cross section
Ranks as one of the best drill holes in the Athabasca Basin Very high grade continuous over large intercepts
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AR-14-30 Core
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Arrow Discovery / Eagle Point Deposit Analogy
65 million lbs produced, 20 million lbs reserve, within >200 million lb district
- Eagle Point Uranium deposits are located on the eastern edge of the Athabasca Basin, and are part of the Rabbit Lake Uranium district, which also includes the Rabbit Lake and Collins Bay deposits. - The Rabbit Lake Uranium District has produced more than 190 million pounds of uranium concentrates since production began in 1975 (www.cameco.com/business/uranium-operations/canada/rabbit-lake). - In 1987, a historical (non 43-101 compliant) “total ore reserve” for the Eagle Point deposits comprised approximately 140 Million pounds (64,000 tonnes) at an average grade of about 2.0% U3O8 (Eldorado Resources Limited. 1987. The Eagle Point Uranium Deposits. Saskatchewan Geological Society. Economic Minerals of Saskatchewan. Pg. 78-98). - Production commenced in 1994 and is in production today.
The Arrow zone is located just inside the present day Athabasca Basin where no drill testing has occurred within 4 km along strike to the northeast within the Athabasca Basin, and within 3 km along strike to the southwest outside of the Athabasca Basin.
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Dravite Breccia – Arrow, McArthur River
Arrow: AR-14-15 422.25m Dravite associated (or proximal) to mineralization
Dravite-Chlorite-filled Breccias,
Direct Association with Mineralization – McArthur River Deposits and BJ Zone
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Rook I – West, 12 Target Areas
Patterson Lake South
Arrow
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Eastern Athabasca Basin Portfolio
High quality portfolio
- Radio located directly adjacent to and long strike of Roughrider, Rio Tinto acquired for $654M in February 2012
Thorburn Lake (9 of 15 drill holes have intersected uranium mineralization)
Madison and 2Z Lake projects contain shallow (<100m thick) sandstone-hosted uranium mineralisation, and is along strike from U-mineralized conductors. The mineralized structures and conductors within 2Z have not been adequately explored, and represent good potential for discovery of new basement-hosted uranium deposits.
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Share Structure
As of November 30, 2014
Shares Issued & Outstanding 195,758,542
Warrants ($0.40 - $0.65) 39,505,472
Options ($0.30 - $0.425) 13,485,637
Fully Diluted 248,749,651
Cash *on closing of $10M bought deal led by Cormark on Nov 11, 2014 $15M
Ownership Tigers Realm Minerals & Associates
Mega Uranium
Radio Optionors (collectively)
~17%
~15%
~25%
TSX-V:
NXE
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Arrow Summary
- 30 of 32 holes drilled intercepted mineralization,
- Area of mineralization 515 m x 215m, vertical extent commencing from 100m down to 730m,
- AR-14-30 one of the best holes in Athabasca Basin history, grade thickness of 909 including a continuous 46m @ 10.32% U3O8,
- 16 remaining assays pending from summer 2014 program,
- Well financed $15M,
- Geophysical surveys being conducted November / December 2014
- 18,000 meter program commencing January 2015.
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Contact
Investor Relations
604-684-6730 | 1-866-684-6730
Head Office
2450 – 650 W. Georgia Street
Vancouver, BC V6B 4N9
604-428-4112
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