UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

___________________

Form 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of August 2024

 

Commission File Number 001-38072

 

___________________

 

NexGen Energy Ltd.

(Translation of registrant's name into English)

 

Suite 3150, 1021 - West Hastings Street
Vancouver, B.C., Canada V6E 0C3

(Address of principal executive offices)

___________________

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)

Form 20-F Form 40-F

 

 

 

 

 
 

 

INCORPORATION BY REFERENCE

 

Exhibit 99.1 to this Report on Form 6-K is hereby incorporated by reference as Exhibits to the Registration Statement on Form F-10 of NexGen Energy Ltd. (File No. 333-266575).

 

EXHIBIT INDEX

 

Exhibit Description
   
99.1 News Release dated August 8, 2024

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, on August 8, 2024.

 

  NEXGEN ENERGY LTD.  
       
       
       
  By: /s/ Benjamin Salter  
  Name: Benjamin Salter  
      Title: Chief Financial Officer  

 

Exhibit 99.1

 

 

NexGen Announces Best Hole (RK-24-207) to Date and Material Expansion of Mineralized Zone at Patterson Corridor East

VANCOUVER, BC, Aug. 8, 2024 /CNW/ - NexGen Energy Ltd. ("NexGen" or the "Company") (TSX: NXE) (NYSE: NXE) (ASX: NXG) is pleased to announce the mineralized zone at Patterson Corridor East (PCE) has materially expanded since the original discovery in the 2024 Winter Program (see NexGen News Release dated March 11, 2024). The Summer Drill Program commenced May 21st, with eight (8) out of twelve (12) drillholes intersecting mineralization to date (Figures 1 and 2, Table 1). Extensive mineralization plunges to the east with a span of 540 m along strike and 600 m vertical extent, showing wide intervals of elevated radioactivity that remain open at depth and along strike. In comparison, previously reported holes from PCE had identified two mineralized holes, 275 m apart.

Off-scale (>61,000 cps) high-grade uranium mineralization has been intersected in four drillholes to date, including RK-24-183, -197, -202, and -207. The most recent intersection in RK-24-207 contains the first instance of massive replacement by uraninite, a key indicator of a strongly mineralized system (Figures 3 and 4, Table 1) with 1.5 m >10,000 cps (including 0.3 m >61,000 cps) within cumulative interval mineralization of 26.2 m > 500 cps (Table 2).

Results include the best and most recent intercept in RK-24-207, that confirms continuity of mineralization, massive replacement uranium and significant high grade at PCE (Table 1). The high-intensity style mineralization is indicative of exceptional formation conditions linked to significant orebodies within the Athabasca Basin and most notably the Arrow Deposit 3.5 km to the west. In addition, this zone of high-intensity mineralization in RK-24-207 is at a similar depth to Arrow's A2 high-grade heart. PCE, like Arrow, is contained solely in the competent basement rock which is the ideal underground setting. The mineralized signature is expressed as very analogous to Arrow, localized veins (up to off-scale >61,000 cps) within elevated radioactivity that extends over more than 100 m.

Summer drilling to date totals 10,045.5 m of the planned 22,000 m from 12 completed drillholes. Assays from disclosed mineralized intersections are pending and due in Q4 2024.

As a consequence of these results, the focus of the summer program has substantially elevated with two primary objectives:

  • continue to test the extent of the mineralized system through bold step outs, and
  • vector in on the high-grade zones within the broader mineralized system.

Leigh Curyer, Chief Executive Officer, commented: "In the first two months of the summer program, the results have rapidly indicated an expansive, mineralized footprint with remarkable continuity. Geological characteristics are very analogous to Arrow indicating a large, pervasive and high-grade system. The summer program has been purposely bold with very large drill step outs and has intersected mineralization in an additional 8 of the 12 holes drilled. Important to note, PCE has currently hit 4 holes with intense mineralization >61,000 cps, with this occurring at Arrow for the first time in the 15th hole - which led to subsequently delineating broad ultra-high grade zones in the A2 shear of Arrow.

Discoveries of the calibre of Arrow all take their own path in terms of time and extent of drilling to fully define. PCE is now commencing its path showing all the characteristics of Arrow at the same stage. PCE validates the continued prospectivity of the NexGen land package is immense and underpins the southwest Athabasca Basin as the future of Canada's uranium industry growth over the balance of this century.

NexGen is at an incredibly exciting stage, focused on concluding the Federal Environmental Assessment for the Rook I Project, construction readiness on receipt of final approvals and in parallel drilling a newly discovered zone of mineralization."

Mineralization is hosted as semi-massive to massive pitchblende veins, fracture coatings, and disseminations. Structures focus the mineralization via reactivated shears and faults while competent wall rock (silicified orthogneiss) acts as a physical trap. The mineralization and alteration patterns depict a well-developed hydrothermal fluid system. Typical alteration associated with the mineralization includes the formation of iron-rich minerals (hydrothermal hematite), iron oxide (limonite), clay, and chlorite. These characteristics combined with the size of the mineralized footprint, as well as the presence of >61,000 cps, demonstrates the similarities between PCE and Arrow at the same stage.

 

Figure 1: Schematic plan view of mineralized footprint at Arrow and PCE at the same stage of drilling; gravity as background with low values in blue (CNW Group/NexGen Energy Ltd.)

 

 

Figure 2: Schematic long section of mineralized footprint at Arrow and PCE at the same stage of drilling (CNW Group/NexGen Energy Ltd.)

 

Figure 3: Core photo from RK-24-207; high grade mineralization is hosted across 7.1 m from 523.9 to 531 m with outer low grade disseminated uranium extending above to 519.4 and below to 534.4 m; Narrow secondary veins are hosted nearby in the footwall below (CNW Group/NexGen Energy Ltd.)

 

Figure 4: RK-24-207 close-up of off-scale (>61,000 cps) massive replacement by uraninite at 525.1 m (CNW Group/NexGen Energy Ltd.)

 

 

Figure 5: RK-24-202 uraninite as blebs along foliation and fracture coating at 934.4 m, max peak of >61,000 cps (CNW Group/NexGen Energy Ltd.)

 

 

Figure 6: RK-24-202 mineral replacement by uraninite within shear zone at 967.5 m, max peak of 49,000 cps (CNW Group/NexGen Energy Ltd.)

 

Table 1: 2024 Summer program spectrometer results to date

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-24-195 310 -70 588.0 N/A 171.5 172.0 0.5 <500 - 1,500
          172.0 172.5 0.5 <500
          192.0 192.5 0.5 <500
          216.0 216.5 0.5 <500
RK-24-196 310 -70 841.0 103.4 701.5 703.0 1.5 <500
          703.0 703.5 0.5 1,600 - 2,500
          703.5 704.0 0.5 <500
          704.0 704.5 0.5 570 - 1,320
          705.5 706.0 0.5 <500 - 520
          723.5 724.0 0.5 <500 - 600
          731.0 731.7 0.7 <500
          731.7 731.8 0.1 3,380 - 4,180
          731.8 731.9 0.1 10,000 - 14,000
          731.9 732.0 0.1 <500
          732.0 732.1 0.1 <500 - 3,100
          732.5 736.5 4.0 <500 - 3,100
          741.0 741.5 0.5 <500 - 4,000
          742.5 743.0 0.5 <500 - 1,000
          744.5 745.0 0.5 <500
          745.0 745.5 0.5 <500 - 1,350
          745.5 746.0 0.5 <500
          746.0 746.5 0.5 <500 - 520
          746.5 747.0 0.5 <500 - 530
          747.0 748.0 1.0 <500
          748.5 749.0 0.5 <500
          749.5 750.0 0.5 <500 - 3,200
          750.0 750.5 0.5 <500 - 2,100
          757.0 757.5 0.5 <500 - 2,350
          758.0 758.5 0.5 <500
          760.0 760.5 0.5 <500
          765.5 766.6 1.1 <500
RK-24-197 310 -70 792.0 117.7 241.0 241.5 0.5 <500
          518.0 521.5 3.5 <500
          523.5 524.0 0.5 <500
          524.0 524.5 0.5 <500 - 990
          524.5 525.0 0.5 <500 - 2990
          525.0 525.5 0.5 <500 - 2510
          525.5 526.0 0.5 <500 - 660
          526.0 526.4 0.4 <500 - 10,000
          526.4 526.6 0.2 10,000 - 13,050
          526.6 527.0 0.4 510 - 6,550
          527.0 527.5 0.5 1,040 - 9,560
          527.5 527.6 0.1 9,580 - 10,000
          527.6 527.8 0.2 10,000 - 26,400
          527.8 528.5 0.7 <500
          528.5 528.8 0.3 940 - 10,000
          528.8 528.9 0.1 10,000 - 46,400
          528.9 529.0 0.1 865 - 2,250
          529.0 529.5 0.5 <500
          530.5 535.5 5.0 <500
          536.0 536.5 0.5 <500
          546.0 546.5 0.5 <500
          546.5 547.0 0.5 <500
          547.0 547.5 0.5 <500 - 670
          547.5 548.0 0.5 <500
          548.0 548.5 0.5 <500 - 890
          548.5 548.6 0.1 1,000 - 8,200
          548.6 548.8 0.2 21,200 - 33,800
          548.8 549.0 0.2 42,600 - 52,800
          549.0 549.5 0.5 600 - 1,500
          549.5 550.0 0.5 2,200 - 4,400
          550.0 550.5 0.5 <500 - 1,600
          550.5 551.0 0.5 <500
          551.0 551.5 0.5 <500 - 620
          551.5 552.0 0.5 <500 - 550
          552.0 552.5 0.5 1,300 - 2,000
          552.5 552.6 0.1 25,000 - 32,000
          552.7 552.9 0.2 40,100 - >61,000
          552.9 553.0 0.1 17,100 - 25,000
          553.0 553.5 0.5 <500 - 1,500
RK-24-198 310 -70 743.2 117.3 333.5 334.0 0.5 <500
          669.5 670.0 0.5 <500
RK-24-199 310 -70 807.0 107.1 No Significant Intersections
RK-24-200 310 -70 804.0 112.6 339.0 339.5 0.5 <500
          354.0 354.5 0.5 <500 - 750
          465.5 466.0 0.5 <500 - 600
          611.0 611.5 0.5 <500 - 660
          612.0 612.5 0.5 <500
          613.0 613.5 0.5 <500 - 970
          619.0 619.5 0.5 <500 - 510
          619.5 620.0 0.5 <500
          623.0 623.5 0.5 <500
RK-24-201 310 -70 939.0 108.9 412.5 413.0 0.5 <500
          673.5 674.0 0.5 <500
          674.5 675.0 0.5 <500
          675.0 675.5 0.5 <500 - 3,800
          675.5 676.0 0.5 <500
          677.5 678.0 0.5 <500 - 550
          678.5 679.0 0.5 650 - 700
          679.0 679.5 0.5 <500
          680.0 681.0 1.0 <500
          693.5 694.0 0.5 700 - 800
          694.0 695.0 1.0 <500
          695.0 695.5 0.5 700 - 900
          695.5 696.0 0.5 <500
          696.0 696.5 0.5 500 - 1,800
          696.5 697.0 0.5 500 - 2,600
          697.0 699.0 2.0 <500
          699.5 700.5 1.0 <500
          700.5 701.0 0.5 650 - 700
          701.0 701.5 0.5 <500 - 550
          701.5 702.0 0.5 <500 - 600
          702.0 702.5 0.5 <500 - 750
          703.0 703.5 0.5 <500
          708.0 709.0 1.0 <500
          721.5 722.0 0.5 <500
          741.0 741.5 0.5 <500
          765.5 766.0 0.5 <500 - 1300
          819.0 819.5 0.5 <500 - 1800
          822.5 823.0 0.5 <500 - 630
          837.5 838.0 0.5 <500
          867.5 868.0 0.5 <500
RK-24-202 310 -70 1138.2 106.3 622.5 623.0 0.5 <500
          623.5 624.0 0.5 <500
          732.0 732.5 0.5 <500
          780.5 781.0 0.5 <500
          846.0 850.3 4.3 <500
          886.0 886.2 0.2 <500 - 1,780
          886.2 886.3 0.1 10,000 - 14,100
          886.3 886.5 0.2 <500 - 1,700
          887.5 888.0 0.5 <500 - 1,300
          895.5 896.0 0.5 <500 - 3,200
          907.0 908.0 1.0 <500
          922.5 923.0 0.5 <500 - 650
          926.5 927.0 0.5 <500
          928.0 928.5 0.5 <500 - 540
          931.0 931.5 0.5 <500 - 3,400
          931.5 932.0 0.5 <500 - 1,050
          932.0 932.5 0.5 <500 - 650
          933.5 934.0 0.5 <500 - 2,580
          934.0 934.3 0.3 <500 - 6,100
          934.3 934.4 0.1 55,500 - >61,000
          934.4 934.5 0.1 <500
          936.0 936.3 0.3 <500
          936.3 936.4 0.1 12,000 - >61,000
          936.4 936.5 0.1 530 - 650
          943.5 944.0 0.5 <500 - 2,290
          944.0 944.5 0.5 <500 - 800
          947.0 947.5 0.5 <500
          948.5 949.0 0.5 <500
          951.0 951.5 0.5 <500
          951.5 951.7 0.2 850 - 3,200
          951.7 952.0 0.3 10,000 - 17,200
          952.0 952.5 0.5 <500 - 7,500
          952.5 953.0 0.5 <500 - 690
          953.0 953.5 0.5 <500
          953.5 954.0 0.5 <500 - 1,700
          954.0 954.5 0.5 600 - 2,020
          954.5 955.0 0.5 500 - 8,500
          955.0 955.5 0.5 <500
          955.5 956.0 0.5 500 - 2,250
          956.0 956.5 0.5 <500 - 3,200
          957.0 957.5 0.5 <500 - 1,500
          957.5 958.0 0.5 500 - 1,000
          958.0 958.5 0.5 <500 - 1,010
          958.5 959.0 0.5 <500 - 1,650
          959.0 959.5 0.5 <500 - 2,000
          959.5 960.0 0.5 <500 - 2,300
          961.0 961.5 0.5 <500 - 2,000
          961.5 962.0 0.5 <500 - 2,270
          963.0 964.0 1.0 <500
          964.0 964.5 0.5 <500 - 750
          965.0 965.5 0.5 <500 - 1,500
          965.5 966.0 0.5 3,000 - 8,000
          966.0 966.5 0.5 <500 - 3,000
          966.5 967.0 0.5 5,000 - 6,000
          967.0 967.3 0.3 5,000 - 6,000
          967.3 967.5 0.2 10,000 - 49,000
          967.5 968.0 0.5 1,700 - 8,100
          968.0 968.5 0.5 <500 - 2,000
          968.5 969.0 0.5 <500 - 1,600
          969.0 969.5 0.5 <500 - 940
          980.0 980.5 0.5 <500 - 4,000
          981.0 981.5 0.5 <500 - 650
          981.5 982.0 0.5 <500
          983.0 983.5 0.5 <500 - 820
          983.5 984.0 0.5 <500 - 900
          984.0 984.5 0.5 1450 - 1,820
          984.5 985.0 0.5 800 - 3,700
          985.0 985.5 0.5 <500 - 700
          985.5 986.0 0.5 <500
          996.5 997.0 0.5 <500
          997.5 998.0 0.5 <500
          998.0 998.5 0.5 <500 - 2,280
          1005.0 1006.5 1.5 <500
          1008.5 1009.5 1.0 <500
          1016.5 1017.0 0.5 <500 - 660
          1026.5 1027.0 0.5 <500
RK-24-203 310 -70 738.0 103.7 360.5 361.0 0.5 <500
          363.5 364.0 0.5 <500
          470.0 471.5 1.5 <500
          472.0 472.5 0.5 <500
RK-24-204 290 -70 822.0 110.1 471.5 472.0 0.5 <500
          553.0 553.5 0.5 <500
          554.0 555.0 1.0 <500
          555.0 555.5 0.5 <500 - 570
          555.5 556.0 0.5 <500 - 900
          556.0 556.5 0.5 680 - 1,900
          556.5 557.0 0.5 <500 - 1,300
          557.0 557.5 0.5 <500 - 530
          557.5 558.0 0.5 <500 - 1,150
          558.0 558.5 0.5 580 - 900
          558.5 559.0 0.5 <500 - 600
          559.0 560.0 1.0 <500
          574.0 574.5 0.5 <500 - 2,020
          574.5 575.0 0.5 <500 - 1,860
          575.0 575.5 0.5 <500 - 4,120
          575.5 576.0 0.5 <500 - 600
          576.0 576.5 0.5 <500 - 1,400
          576.5 577.5 1.0 <500
          578.0 578.5 0.5 <500 - 580
          579.0 579.5 0.5 <500 - 580
          579.5 580.0 0.5 <500
          580.0 580.5 0.5 <500 - 660
          580.5 580.8 0.3 2,100 - 2,800
          580.8 581.0 0.2 10,000 - 11,000
          581.0 581.5 0.5 3,600 - 8,000
          581.5 582.0 0.5 550 - 8,700
          582.0 582.5 0.5 <500 - 4,700
          582.5 583.0 0.5 800 - 2,200
          583.0 583.5 0.5 <500 - 1,500
          583.5 584.0 0.5 <500 - 2,400
          584.0 584.5 0.5 <500
          585.5 586.0 0.5 <500 - 680
          587.0 587.5 0.5 <500 - 5,370
          587.5 588.0 0.5 900 - 7,200
          588.0 588.5 0.5 <500 - 1,200
          588.5 590.0 1.5 <500
          595.5 596.5 1.0 <500
          597.0 597.5 0.5 <500 - 510
          598.5 599.0 0.5 <500 - 1,100
          599.0 599.5 0.5 <500 - 3,850
          599.5 600.0 0.5 <500 - 700
          600.0 600.5 0.5 <500 - 3,700
          600.5 601.0 0.5 <500
RK-24-205 320 -70 1032.0 109.1 459.5 464.0 4.5 <500
          464.0 464.5 0.5 500 - 1,000
          464.5 465.0 0.5 <500
          741.5 742.0 0.5 <500 - 1,100
          742.0 742.5 0.5 1,600 - 7,500
          742.5 743.0 0.5 <500 - 1,500
          746.5 747.0 0.5 <500 - 600
          747.0 748.0 1.0 <500
          766.0 766.5 0.5 <500
          768.0 768.5 0.5 <500 - 950
          769.0 769.5 0.5 <500 - 1,600
          769.5 770.0 0.5 500 - 1,300
          770.0 770.5 0.5 <500 - 1,300
          770.5 771.0 0.5 700 - 1,200
          771.0 771.5 0.5 <500 - 850
          771.5 772.0 0.5 <500 - 700
          772.5 773.5 1.0 <500
          779.5 780.0 0.5 <500 - 600
          780.0 780.5 0.5 <500
          784.0 784.5 0.5 <500 - 1,150
          784.5 785.0 0.5 <500
          785.0 785.5 0.5 <500 - 700
          786.0 786.5 0.5 600 - 1,400
          786.5 787.0 0.5 <500 - 1,050
          787.0 787.5 0.5 500 - 950
          787.5 788.0 0.5 <500
          788.0 788.5 0.5 <500 - 1,900
          788.5 789.0 0.5 <500 - 750
          789.0 789.5 0.5 800 - 4,200
          789.5 790.0 0.5 900 - 4,800
          790.0 790.5 0.5 <500 - 850
          791.0 791.5 0.5 <500 - 2,200
          791.5 792.0 0.5 <500 - 1,500
          792.0 792.5 0.5 <500 - 800
          792.5 793.0 0.5 <500
          793.0 793.5 0.5 <500 - 1,200
          793.5 793.6 0.1 <500 - 25,000
          793.6 794.0 0.4 <500 - 3,000
          794.0 794.5 0.5 <500
          794.5 795.0 0.5 <500 - 600
          795.0 795.5 0.5 <500
          802.0 802.5 0.5 <500
          804.0 804.5 0.5 <500
          804.5 805.5 1.0 <500 - 650
          807.0 807.5 0.5 <500 - 900
          807.5 808.0 0.5 <500 - 550
          808.0 808.5 0.5 <500
          851.0 851.5 0.5 <500
          853.5 854.0 0.5 <500 - 2,300
RK-24-206 298 -75 TBD 96.5 In progress
RK-24-207 330 -70 801.0 114.9 505.0 510.5 5.5 <500
          514.5 515.5 1.0 <500
          515.5 516.0 0.5 <500 - 980
          516.0 516.5 0.5 <500 - 650
          516.5 517.0 0.5 <500 - 410
          517.0 517.5 0.5 <500 - 800
          517.5 518.0 0.5 <500 - 950
          518.0 518.5 0.5 <500
          519.0 519.5 0.5 <500
          519.5 520.0 0.5 550 - 8,500
          520.0 520.5 0.5 1,000 - 1,750
          520.5 521.0 0.5 750 - 1,500
          521.0 521.5 0.5 <500 - 1,500
          521.5 522.0 0.5 <500 - 800
          522.0 522.5 0.5 700 - 8,500
          522.5 523.0 0.5 900 - 1,400
          523.0 523.5 0.5 800 - 1,700
          523.5 524.0 0.5 600 - 8,200
          524.0 524.5 0.5 10,000 - 32,000
          524.5 525.0 0.5 5,000 - 22,000
          525.0 525.1 0.1 30,000 - 60,000
          525.1 525.4 0.3 >61,000
          525.4 525.5 0.1 22,000 - 60,000
          525.5 526.0 0.5 600 - 6,200
          526.0 526.5 0.5 <500 - 3,500
          526.5 527.0 0.5 1,700 - 9,800
          527.0 527.5 0.5 2,800 - 20,000
          527.5 528.0 0.5 500 - 24,000
          528.0 528.5 0.5 750 - 1,200
          528.5 529.0 0.5 2,800 - 9,500
          529.0 529.5 0.5 1,100 - 6,500
          529.5 530.0 0.5 1,100 - 2,900
          530.0 530.5 0.5 550 - 1,600
          530.5 531.0 0.5 1,500 - 4,300
          531.0 531.5 0.5 550 - 900
          531.5 532.0 0.5 <500 - 750
          532.0 532.5 0.5 <500 - 1,200
          533.0 533.5 0.5 <500 - 1,250
          533.5 534.0 0.5 950 - 1,800
          534.0 534.5 0.5 600 - 1,500
          534.5 535.0 0.5 <500
          536.0 536.5 0.5 <500
          536.5 537.0 0.5 <500 - 15,000
          537.0 537.5 0.5 <500 - 4,200
          538.0 538.5 0.5 <500
          538.5 539.0 0.5 <500 - 560
          539.0 539.5 0.5 <500
          540.0 540.5 0.5 <500 - 7,200
          540.5 541.0 0.5 4,600 - 8,200
          550.5 551.0 0.5 <500
          552.0 552.5 0.5 <500 - 570
          554.0 554.5 0.5 <500
          558.5 559.0 0.5 <500
          560.0 561.0 1.0 <500
          567.5 568.0 0.5 <500
          572.5 573.0 0.5 <500
          578.5 579.0 0.5 <500
          581.5 582.0 0.5 <500 - 1,010
          583.5 584.5 1.0 <500
          585.5 586.0 0.5 <500 - 780
          586.0 587.0 1.0 <500
          595.0 595.5 0.5 <500
          595.5 596.0 0.5 <500 - 900
          596.0 597.0 1.0 <500
          600.5 601.0 0.5 <500
          610.5 611.0 0.5 <500
          619.0 620.0 1.0 <500 - 510
          625.8 627.0 1.2 <500 - 550
          636.8 641.0 4.2 <500
          644.0 645.5 1.5 <500
          717.5 718.5 1.0 <500 - 880
          729.0 732.0 3.0 <500 - 980

 

  • 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.

Table 2: Cumulative mineralization from 2024 summer program to date

Hole ID Cumulative
Radioactivity
>500 cps
(m)
Maximum
Reading
(cps)
RK-24-195 0.5 1,500
RK-24-196 10.3 14,000
RK-24-197 10.2 >61000
RK-24-198 0 N/A
RK-24-199 0 N/A
RK-24-200 1.5 970
RK-24-201 7 3,800
RK-24-202 23.6 >61000
RK-24-203 0 N/A
RK-24-204 16 11,000
RK-24-205 17 25,000
RK-24-207 26.2 >61000

 

  • All depths and intervals are meters downhole, true thicknesses are yet to be determined.
  • Radioactivity measured by gamma scintillometer type RS-120 and gamma spectrometer type RS-125.
  • Maximum readings stated as 'N/A' had no radioactivity >500 cps.

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.

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.

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SOURCE NexGen Energy Ltd.

 

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/August2024/08/c9516.html

%CIK: 0001698535

For further information: Contact Information: Leigh Curyer, Chief Executive Officer, NexGen Energy Ltd., +1 604 428 4112, lcuryer@nxe-energy.ca, www.nexgenenergy.ca; Travis McPherson, Chief Commercial Officer, NexGen Energy Ltd., +1 604 428 4112, tmcpherson@nxe-energy.ca, www.nexgenenergy.ca; Monica Kras, Vice President, Corporate Development, +44 7307 191933, mkras@nxe-energy.ca, www.nexgenenergy.ca

CO: NexGen Energy Ltd.

CNW 06:30e 08-AUG-24


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