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Rapidly Growing Uranium Discovery at Arrow Zone | NexGen Energy
- 2. Disclaimer nexgenenergy.com | TSX-V: NXE | JANUARY 20162 Information Contained InThis Presentation 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 not, and in no circumstances is it to be construed as, a prospectus, an advertisement, or a public offering of securities. No securities regulatory authority or similar authority has reviewed or in any way passed upon the document or the merits of the Company’s securities and any representation to the contrary is an offence. Except where otherwise indicated, the information contained in this presentation has been prepared by NexGenand 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 publicly available sources referred to herein and the accuracy and completeness of such information has not been verified by NexGen. Except as otherwise stated, information included in this presentation is given as of the date hereof. Neither the delivery of this presentation nor any sale made under the terms described herein shall imply that the information herein is correct as of any date after the date hereof. All dollar amounts referenced herein, unless otherwise indicated, are expressed in Canadian dollars. Cautionary Note Regarding Forward-looking Information This presentation contains “forward-looking information” within the meaning of applicable securities laws. Forward-looking information includes include, but are not limited to, information with respect planned exploration activities including the anticipated completion of a resource estimate, the future interpretation of geological information, exploration program cost estimates, the future price of uranium and requirements for additional capital. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “believe”, “plan”, “project”, “anticipate”, “intend”, “estimate” and other similar terminology. Forward-looking information is 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 is based upon numerous assumptions including, among others, the results of planned exploration activities are as anticipated, the price of uranium, the anticipated cost of planned exploration activities, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms and 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. Certain factors could cause actual results, performances or achievements of NexGento be materially different from future results, performances or achievements expressed or implied by such forward-looking information, including the the risk that the Company has negative operating cash flow and is dependent on third party financing; uncertainty of additional funding, no known mineral reserves or mineral resources, pending assay results may not be consistent with preliminary results, alternative sources of energy, risk inherent in exploration activities; reliance on key management, failure to obtain necessary permits and approvals from government authorities environmental and safety risks including increased regulatory burdens; a possible deterioration in political support for nuclear energy; and other risks described in the Company’s annual information form. Although NexGenhas attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should place undue reliance on forward looking information. The forward looking information contained in this presentation are made as of the date of the presentation, and accordingly, subject to change after such date. NexGen does not undertake to update any forward-looking information, except in accordance with applicable securities laws. Technical Information The scientific and technical information in this presentation has been prepared or approved by Garrett Ainsworth, P.Geo., Vice President – Exploration& Development, a “qualified person” within the meaning of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Ainsworth reviewed the data disclosed in this presentation, including the sampling, analytical and test data underlying the information contained in this presentation. Mr. Ainsworth verified that the results are accurate by reviewing the official assay certificates provided to the Company. For a description of the Company’s quality assurance program and quality control measures, type of samples, sample intervals, relevant analytical values and testing procedures please refer to the “Technical Report on the Rook I Property, Saskatchewan Canada” having an effective date of November 30, 2015, filed under the Company’s profile at www.sedar.com.
- 5. Athabasca Basin Setting nexgenenergy.com | TSX-V: NXE | JANUARY 20165 ▷ Sandstone-hosted deposits (egress type) tend to have mining challenges due to the fact the mineralization is ‘perched’ within the unconsolidated and wet Athabasca Sandstone unit. ▷ Arrow is a basement-hosted zone (ingress type) which is analogous to Cameco’s Eagle Point mine.
- 8. Dominant Land Position nexgenenergy.com | TSX-V: NXE | JANUARY 20168 ▷ NexGen holds the most dominant land position in the Southwestern Athabasca Basin straddling and going into the Basin boundary and hosting all known conductor corridors. ▷ Potential for all three deposit types: basement- hosted (Arrow), unconformity-hosted and sandstone-hosted.
- 10. Project Overview nexgenenergy.com | TSX-V: NXE | JANUARY 201610 ▷ NexGen has employed a unique approach to drilling Arrow which consists of: • Wide step-outs: up to 200 metres to systematically test the mineralization • +95% angled holes: Arrow is 4 stacked parallel shears enabling each angled hole to intersect 2-3 shears • Capital allocation: NexGen puts $10 into exploration for every $1 of G&A
- 11. Geophysical Success at Arrow nexgenenergy.com | TSX-V: NXE | JANUARY 201611 ▷ Disrupted VTEM conductor ▷ Edge of magnetic gradient ▷ Within gravity low anomaly
- 12. Arrow: 4 High-Grade Shears nexgenenergy.com | TSX-V: NXE | JANUARY 201612 ▷ Current plan view of Arrow zone. ▷ Currently consists of 4 vertical parallel shears; A1, A2, A3 and A4 that trend along strike northeast-to- southwest. ▷ Enables NexGen to develop Arrow quickly by drilling angled holes which pierce up to 3 shears. ▷ Arrow is currently defined as having 645m strike length, 235m width and 820m vertical extent (starting from 100m of surface). ▷ Arrow is open in all directions and at depth.
- 13. A2 High-Grade Core Zone nexgenenergy.com | TSX-V: NXE | JANUARY 201613 ▷ A2 shear was discovered in February 2014 with 1st drill hole into target. ▷ Current dimensions of A2 high-grade core zone: • Strike: 300m • Vertical: 340m • True Width: 11-48.3m ▷ Strong continuity of high- grade mineralization throughout A2. ▷ Hosts the higher grade A2 sub-zone.
- 14. Higher Grade A2 Sub-Zone nexgenenergy.com | TSX-V: NXE | JANUARY 201614 ▷ Higher grade A2 sub-zone currently spans 203m in strike. ▷ Sub-zone characterized by dense accumulations of massive to semi-massive pitchblende mineralization continuously across 203m strike length. ▷ All holes with assays returned from sub-zone have continuous grade x thicknesses (“GT”) of >200 to 655
- 15. Best Angled Drill Holes in Basin nexgenenergy.com | TSX-V: NXE | JANUARY 201615 ▷ 5 drill holes at Arrow rank in the top 8 for best angled drill holes in the Athabasca Basin within the basement rock (based on continuous grade X thickness on public record). ▷ Only 82 drill holes into Arrow yet has already intersected 2 separate holes with >600 continuous GTs. ▷ McArthur River is the only project known in the Basin with a better continuous GT from the basement rock. 1.) Company Reports, Dundee, NexGen
- 16. Unprecedented Speed of Development nexgenenergy.com | TSX-V: NXE | JANUARY 201616 ▷Summer 2014 (A2) ▷Winter 2015 (A2) ▷Summer 2015 (A2) ▷Winter 2015 (A3) ▷Summer 2015 (A3)
- 17. A3 High-Grade Core Zone nexgenenergy.com | TSX-V: NXE | JANUARY 201617 ▷ A3 shear zone discovered in winter 2015 drilling. ▷ Remains open in all directions and at depth. ▷ Broad and continuous high- grade mineralization encountered throughout A3. ▷ Recent intercepts continue to prove up high-grade nature including: • AR-15-61c2: 37.0m @ 6.30% U3O8 • AR-15-57c3: 50.5m @ 2.74% U3O8
- 18. A Look at Arrow From Underground nexgenenergy.com | TSX-V: NXE | JANUARY 201618 Northeast NorthwestSoutheast Southwest Made with Leapfrog software and a 0.05% U3O8 cut-off. No NI 43-101 has been published for the Arrow zone to date.
- 19. Arrow: Perspective on Scale nexgenenergy.com | TSX-V: NXE | JANUARY 201619 CN Tower Total height: 553m (~2/3rds height of Arrow) Arrow Total height: 820m (starting from 100m of surface) Made with Leapfrog software and a 0.05% U3O8 cut-off. No NI 43-101 has been published for the Arrow zone to date. ▷Arrow remains open in every direction and at depth.
- 20. The Eagle Point Analogy nexgenenergy.com | TSX-V: NXE | JANUARY 201620 ▷Eagle Point is one of three operating uranium mines in Canada and is owned 100% by Cameco • Rabbit Lake camp has produced over 198Mlbs since operations began in 1975. ▷100% basement-hosted (like Arrow) and mined using blasthole stoping (no freezing). 1.) NexGen has not verified the information regarding Eagle Point and information regarding Eagle Point is not necessarily indicative of mineralization at Rook I. See Cameco Corp.
- 22. Bow: Brand New Discovery nexgenenergy.com | TSX-V: NXE | JANUARY 201622 ▷ Brand new high-grade uranium discovery 3.8km northeast along trend from Arrow. ▷ Follows ‘pearls on a string’ pattern of uranium discoveries seen on the Eastern Athabasca Basin. ▷ Currently defined as having strike length of 350m and remains open in all directions. ▷ Aggressive follow-up drilling planned for winter 2016. ▷ Highlights include:: • BO-15-10: 9.5m @ 0.20% U3O8, including 1.0m @ 1.44% U3O8
- 23. Multiple High-Impact Regional Targets nexgenenergy.com | TSX-V: NXE | JANUARY 201623 ▷ The geophysical signature of Arrow is replicated numerous times across the Rook I land package ▷ Multiple targets along trend from Arrow to the northeast and southwest and additionally many Arrow ‘look-a-like’ exploration targets on the Derkson Corridor which remains largely untested. ▷ The 30,000m winter 2016 drilling will include testing of high potential targets along trend from Arrow both to the northeast and southwest.
- 24. Eastern Property Portfolio nexgenenergy.com | TSX-V: NXE | JANUARY 201624 ▷ NexGen holds interests in highly prospective assets in the historic Eastern Athabasca Basin. ▷ Radio: Adjacent to and along strike of Roughrider deposit which was acquired by Rio Tinto in February 2012 for $654 million cash. ▷ Thorburn Lake: Located 7km east and on trend with Cigar Lake, the world’s highest grade uranium mine (2P reserves 234.9Mlbs – 597.2Kt @ 17.84% U3O8). Nine of fifteen historic drill holes have intersected uranium mineralization with deepest hole only going 10-15m into the basement. ▷ Madison & 2Z Lake: Contains shallow sandstone hosted uranium mineralization and has potential for basement hosted mineralization.
- 25. Management nexgenenergy.com | TSX-V: NXE | JANUARY 201625 Name Experience Leigh Curyer - CEO ▷ Chartered Accountant with +20 years experience and ex-CFO of Southern Cross Resources (now Uranium One) ▷ Managed exploration, feasibility and permitting of Honeymoon Uranium Project in South Australia ▷ Ex-Head Corproate Development at Accord Nuclear Resources Management assessing global uranium assets for First Reserve International Garrett Ainsworth BSc, PGeo – VP Exploration ▷ Professional geologist and former Project Manager for Alpha Minerals-Fission 50/50 JV on Patterson Lake South project from 2007 to 2013 ▷ Staked claims, boulder prospecting and led drill programs that led to discovery of R00E, R390E and R780E zones ▷ Won AMEBC 2014 Colin Spence Award for discovery of Patterson Lake South Travis McPherson – Corporate Development Manager ▷ Ex-Head Corporate Development for TSX-listed gold producer ▷ M&A, debt and equity, permitting, budgeting, investor relations and corporate strategy experience Grace Marosits - CFO ▷ Chartered Accountant with public practice and corporate experience including Deloitte, Westcost Energy and Ballard Power Joanna Cameron – VP Legal ▷ Lawyer with +20 years experience in exploration and mining ▷ Ex-partner Cassels Brock & Blackwell LLP
- 26. Board of Directors nexgenenergy.com | TSX-V: NXE | JANUARY 201626 Name Experience Christopher McFadden (Chairman) ▷ Lawyer with +20 years experience in exploration and mining ▷ Commercial General Manger for Rio Tinto Richard Patricio ▷ Lawyer with +15 years capital markets experience ▷ CEO and President of Mega Uranium and Pinetree Capital Trevor J. Thiele ▷ Chartered Accountant with +30 years experience in capital markets including CFO of major Australian Agribusinesses (Elders and Viterra) Craig Parry ▷ Geologist ex-Rio Tinto, Oxiana Limited and G-Resources ▷ Founding member of Tigers Realm Group Gerry Feldman ▷ Chartered Accountant with +28 years experience in public markets ▷ Ex-partner in a number of accounting firms James Currie ▷ Mining Engineer with +35 years experience and current COO of Pretium Resources ▷ Won AMEBC 2014 E.A. Scholz Award for development of New Afton mine for NewGold Andrew Browne (Technical Advisory Head) ▷ Uranium geologist with +43 years experience ▷ Key member of exploration teams at Jabiluka and Ranger 1 No. 3 Deeps
- 27. Capital Structure nexgenenergy.com | TSX-V: NXE | JANUARY 201627 Shares Issued 286,884,616 Fully Diluted 329,446,790 Cash $34 million Debt None Insider Ownership 5% Shareholders ▷ 1832 Asset Management ▷ Blackrock ▷ Fidelity ▷ Rosseau Asset Management ▷ RBC Global Asset Management ▷ CQS Management Ltd. Warrants Options ▷ 20,532,728 (weighted average price of $0.59) ▷ 22,049,446 (weighted average price of $0.44) 1.) Share structure as at Dec. 31, 2015. Cash as of January 7, 2016.
- 28. Summary nexgenenergy.com | TSX-V: NXE | JANUARY 201628 ✩ NexGen is led by a team of highly experienced uranium professionals that span the disciplines of exploration through to production. People ✩ Arrow is 100% land-based and remains open in all directions and at depth (currently 645m strike, 235m width, 820m vertical extent (from 100m of surface). Shaping up to be one of the World’s preeminent uranium assets in terms of potential size and scale. Projects ✩ Saskatchewan Canada rated 2nd best mining jurisdiction in World by Fraser Institute for 2015 and is the second largest uranium producing jurisdiction in World representing 16% of global production. Jurisdiction
- 30. Analyst Coverage nexgenenergy.com | TSX-V: NXE | JANUARY 201630 Name Firm David Sadowski ▷ Raymond James Ltd. Tyron Breytenbach ▷ Cormark Securities Inc. Colin Healey ▷ Haywood Securities Inc. Rob Chang ▷ Cantor Fitzgerald Canada David Talbot ▷ Dundee Capital Markets Phil Swifen ▷ Numis Securities Ltd.
- 31. Uranium - Demand nexgenenergy.com | TSX-V: NXE | JANUARY 201631 ▷ China represents the fastest growing demand for nuclear anywhere in World in three decades. ▷ China has 26 reactors operating, 25 under construction, 43 planned and 136 proposed versus the current global reactor fleet of 394. ▷ China’s goal of 58 GW by 2020 and 150 GW by 2030. World Nuclear Association, Raymond James Ltd.
- 32. Uranium - Supply nexgenenergy.com | TSX-V: NXE | JANUARY 201632 ▷ 90% of global mine supply under severe technical or sovereign risk. ▷ Saskatchewan ranked #2 best mining jurisdiction by Fraser Institute in 2015, but 2 of 3 operating mines under severe technical risk. ▷ High concentration of supply with top 10 mines accounting for +50% of annual uranium production. World Nuclear Association, Raymond James Ltd.
- 33. Uranium - Outlook nexgenenergy.com | TSX-V: NXE | JANUARY 201633 World Nuclear Association, Raymond James Ltd. ▷ Demand is expected to outpace total uranium supply by 2018 whereby nuclear utilities will have to either turn off reactors (challenging and expensive) or pay higher prices for nuclear feed.
- 34. Directional Drilling nexgenenergy.com | TSX-V: NXE | JANUARY 201634 ▷ For the first time at Arrow, directional drilling was employed in summer 2015 which allows for multiple branches cut from a single pilot hole. This method uses no wedges and ensures pierce point targets are hit accurately. ▷ Estimated cost savings of approximately 30% by no ‘lost holes’ and no re-drills. ▷ Enables faster re-entry into mineralized zone which has helped Arrow develop at such pace.
- 35. Innovative Mining at Cigar Lake nexgenenergy.com | TSX-V: NXE | JANUARY 201635 ▷ Cigar Lake is World’s highest grade uranium mine, but comes with significant technical challenges. ▷ Due to fact ore body located in wet and unconsolidated Sandstone 450m below surface, Cameco developed Jet Boring mining system which requires freezing the deposit and surrounding rock and mining the ore with highly pressurized water jets. ▷ Arrow is basement hosted which means NO complicated freezing would be required as the mineralization is hosted solely in the competent basement rocks.
- 36. Contact nexgenenergy.com | TSX-V: NXE | JANUARY 201636 ▷For more information please visit: www.nexgenenergy.ca or contact: Travis McPherson – Corporate Development Manager Phone: +1.604.428.4112 Email: tmcpherson@nexgenenergy.ca