Alaska Silver

NexGen Energy Announces Best Assays from Patterson Corridor East in Hole RK-25-232

  • RK-25-232 assays returned NexGen's best discovery phase intercept to date: 15.0 m at 15.9% U3O8 including 3.0 m at 47.8%, 1.5 m at 29.4% and an intercept of 0.5 m at 68.8%

  • Ranks among the world's highest-grade basement-hosted uranium vein intercepts, validating the growing significance of Patterson Corridor East ("PCE")

  • Exceptional continuity confirmed, with RK-24-222 intersecting 17.0 m at 3.85% U3O8, located 200 m from RK-25-232

  • Winter 2025 drill program added 9 new high-grade intercepts, reinforcing the scale and strength of the system

Vancouver, British Columbia--(Newsfile Corp. - May 27, 2025) - NexGen Energy Ltd. (TSX: NXE) (NYSE: NXE) (ASX: NXG) ("NexGen" or the "Company") is thrilled to announce the Company's best discovery phase assay results, with 15.0 meters (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.

Assay results from two of the best holes drilled to date at PCE, RK-24-222 and RK-25-232, indicate intense high-grade mineralization 200 m apart (Figures 1 and 2, Tables 1 and 2), confirming scale and continuity early in the discovery phase. Winter activity since the last update continued to build momentum, adding 9 new intersections of off-scale (>61,000 cps) mineralization, bringing the total to 13 high-grade intercepts and reinforce confidence in the materiality of this emerging mineralization. Since discovery (see March 11, 2024, news release), 64 drillholes totalling 47,425.9 m have been completed, with 35 intersecting mineralization that remains open in most directions.

Further, RK-24-222 returned 17.0 m at 3.85% U3O8 including 3.0 m at 10.1% U3O8 and an intercept of 0.5 m at 28.2% U3O8 within massive replacement style uranium mineralization. These results are accelerating NexGen's understanding of the PCE system and shaping the next phase of exploration targeting. Assays at SRC lab continue to see backlogs with NexGen now having received 75% of the 2024 assay results. Remaining will follow as they are received back from the independent lab. Drilling at PCE will resume on June 1st, 2025, and reporting of 2025 assays will be completed on an ongoing basis.

Leigh Curyer, Chief Executive Officer, commented: "Patterson Corridor East has delivered these exceptional assay results. RK-25-232 is an exceptionally high calibre intersection considering the program is very early in the evaluation of PCE.

Identical to Arrow, mineralization at PCE is wholly hosted in competent basement rock and exhibits all the same characteristics of an intense high-grade mineralized system. PCE is only 3.5 km from the future Rook I Project that is in the final Federal approval stage with the CNSC having received Provincial Approval in November 2023.

The scale of 2025 program drilling at PCE underscores NexGen's commitment to advancing new sources of uranium supply at a time the world is committing to the deployment of nuclear energy. Notably, President Trump last Thursday, signing four executive orders to immediately accelerate the deployment of nuclear energy in the US, with objective of increasing US nuclear energy output from 100GW to 400GW by 2050. The importance of Rook I and the further development of PCE has never been greater to meet the world's nuclear fuel requirements for the approaching decades."

Jason Craven, Vice President, Exploration, commented: "These assays received to date confirm advancement of our 3D model of PCE which sets us up for targeting future drill hole locations at PCE. The focus to both expand the overall footprint as well as define and expand the high-grade sub-domains within PCE. Mineralization style and intensity, mirrored with Arrow 3.5 km away, speaks to the broader endowment of the underexplored NexGen portfolio in southwest Athabasca Basin. NexGen provides everyone with the tremendously unique opportunity of building a true tier one mine whilst simultaneously developing the exciting PCE."

Other Highlights

  • RK-24-207 returned 9.5 m at 2.91% U3O8 including 0.5 m at 28.2% U3O8, located approximately 79 m from RK-25-232 and 82 m from RK-24-222.
  • RK-25-239 and RK-25-244 intersected 10.3 m containing >10,000 cps including 1.1 m of cumulative >61,000 cps, and 7.5 m containing >10,000 cps including 2.6 m of cumulative >61,000 cps, respectively. Although assays are pending, RK-25-239 and RK-25-244 speak to the consistency of the system and repeatability of uranium mineralization that is further substantiated by the exceptional assay results of RK-25-232 and RK-24-207.

Junior Mining Network

Junior Mining Network

Table 1: 2025 Assay results received since March 24, 2025 news release to present

Drillhole Unconformity Depth (m) SRC Geoanalytical Results
(Cutoff 0.01%)
Hole ID Azimuth Dip Total Depth (m) From
(m)
To
(m)
Width
(m)
U3O8
(wt%)
RK-25-225 330 -70 684 108.6 Assays Pending
RK-25-226 330 -70 655.5 N/A Assays Pending
RK-25-227 330 -70 657 113.4 Assays Pending
RK-25-228 330 -75 609 117.1 Assays Pending
RK-25-229 350 -70 681.4 113.2 Assays Pending
RK-25-230 330 -70 598 112.5 Assays Pending
RK-25-231 329 -69.5 885 102.7 Assays Pending
RK-25-232 330 -70 552.4 112.5 388 389 1 0.01
          392.5 396 3.5 0.04
          408 409 1 0.05
          409.5 413.5 4 0.04
          414.5 415 0.5 0.01
          426.5 428 1.5 0.02
          431 431.5 0.5 0.01
          433 433.5 0.5 0.01
          435 438 3 0.05
          440 452 Assays Pending
          452 467 15 15.9
        incl. 458.5 461.5 3 47.8
        incl. 459.5 460 0.5 68.8
        incl. 463.5 465 1.5 29.4
          467 542 Assays Pending
RK-25-233 330 -70 694 109.7 Assays Pending
RK-25-234 330 -70 747 113 Assays Pending
RK-25-235 270 -70 858 105.5 Assays Pending
RK-25-236 267 -65 541 129 Assays Pending
RK-25-237 340 -70 816 104.6 No Significant Intersections
RK-25-238a 279 -67 165 123.4 No Significant Intersections
RK-25-239 278 -68 594 123.4 Assays Pending
RK-25-240 270 -70 893 106.1 Assays Pending
RK-25-241 320 -71 534 117.2 Assays Pending
RK-25-242 270 -70 555 124.5 Assays Pending
RK-25-243 276 -66 579 126.8 Assays Pending
RK-25-244 330 -70 586.6 112.4 Assays Pending
  • All depths and intervals are meters downhole, true thicknesses are yet to be determined.
  • 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.
  • Cutoff grade 0.01% U3O8.
  • 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: 2024 Assays received since May 29, 2024

Drillhole Unconformity Depth (m) SRC Geoanalytical Results
(Cutoff 0.01%)
Hole ID Azimuth Dip Total Depth (m) From
(m)
To
(m)
Width
(m)
U3O8
(wt%)
RK-24-193 310 -70 621 N/A 383.5 385.5 2 0.06
          389.5 390 0.5 0.09
          393.5 394 0.5 0.02
          400.5 403.5 3 0.03
          406 407 1 0.03
          412.5 414 1.5 0.03
          416.5 419 2.5 0.18
          419.5 420 0.5 0.81
          420.5 425 4.5 0.23
          426.5 428 1.5 0.18
          428.5 429 0.5 0.06
          429.5 431 1.5 0.51
          432 437 4 0.73
          442.5 443 0.5 0.08
          449 451 2 0.16
RK-24-194 310 -70 420 98.8 No Significant Intersections
RK-24-195 310 -70 588.0 N/A No Significant Intersections
RK-24-196 310 -70 841.0 103.4 702 704.5 2.5 0.90
          705.5 706 0.5 0.02
          723.5 724 0.5 0.05
          731 733 2 0.35
        incl. 731.5 732 0.5 1.19
          734.5 735 0.5 0.01
          741 741.5 0.5 0.24
          742.5 743 0.5 0.01
          744.5 747 2.5 0.25
          747.5 748 0.5 0.03
          748.5 750.5 2 0.09
          751 751.5 0.5 0.01
          754.5 755.5 1 0.01
          757 757.5 0.5 0.07
          758 758.5 0.5 0.02
          760.5 761 0.5 0.01
          765.5 766 0.5 0.03
RK-24-197 310 -70 792.0 117.7 518 518.5 0.5 0.01
          521 522.5 1.5 0.02
          523.5 530 6.5 0.97
        incl. 526.5 529 2.5 2.26
          531 532 1 0.02
          532.5 534.5 2 0.03
          544 545.5 1.5 0.01
          546 554 8 0.61
        incl. 548.5 549 0.5 3.97
        incl. 552.5 553 0.5 4.53
          554.5 555 0.5 0.01
          556 557 1 0.01
RK-24-198 310 -70 743.2 117.3 No Significant Intersections
RK-24-199 310 -70 807.0 107.1 No Significant Intersections
RK-24-200 310 -70 804.0 112.6 611 611.5 0.5 0.03
          612 612.5 0.5 0.01
          613 613.5 0.5 0.03
          619 620 1 0.01
          623 623.5 0.5 0.02
RK-24-201 310 -70 939.0 108.9 673.5 674 0.5 0.03
          674.5 676 1.5 0.07
          677.5 678 0.5 0.02
          678.5 679.5 1 0.04
          680.5 681 0.5 0.02
          694.5 697.5 3 0.09
          698 699 1 0.01
          699.5 704 3.5 0.04
          708 708.5 0.5 0.03
          721.5 722 0.5 0.01
          765.5 766 0.5 0.03
          819 819.5 0.5 0.03
          822.5 823 0.5 0.02
          867.5 868 0.5 0.01
RK-24-202 310 -70 1138.2 106.3 886 886.5 0.5 0.02
          887.5 888 0.5 0.03
          895.5 896 0.5 0.45
          922 923 1 0.01
          926.5 927 0.5 0.05
          927.5 928.5 1 0.10
          931 932.5 1.5 0.23
          933.5 934.5 1 3.49
        incl. 934 934.5 0.5 6.96
          936 936.5 0.5 2.44
          943.5 944.5 1 0.12
          951.5 952 0.5 2.37
          966 966.5 0.5 1.46
          967.5 968 0.5 2.75
          976.5 977 0.5 0.01
          980 980.5 0.5 0.31
          981 981.5 0.5 0.06
          983 986 3 0.25
          996.5 997 0.5 0.02
          997.5 998.5 1 0.14
          1005 1007 2 0.06
          1009 1009.5 0.5 0.01
          1016.5 1017.5 1 0.04
          1026.5 1028.5 2 0.03
RK-24-203 310 -70 738.0 103.7 No Significant Intersections
RK-24-204 290 -70 822.0 110.1 551 563 9 0.06
          574 602 21 0.31
        incl. 575 575.5 0.5 1.19
        incl. 581 582 1 1.67
        incl. 587.5 588 0.5 1.10
RK-24-205 320 -70 1032.0 109.1 742 748 3.5 0.16
          766 776 5.3 0.11
          779.5 780.5 1 0.01
          783.5 795.5 11.5 0.14
          802 808.5 3 0.03
          853.5 854 0.5 0.04
RK-24-206 298 -75 1377.0 96.5 No Significant Intersections
RK-24-207 330 -70 801.0 114.9 504 506 2 0.05
          506.5 507.5 1 0.03
          508 508.5 0.5 0.03
          509 510.5 1.5 0.05
          511 511.5 0.5 0.01
          514 518 4 0.09
          519 535 16 1.83
        incl. 522 531.5 9.5 2.91
        incl. 525 525.5 0.5 28.2
          536 538 2 0.62
          538.5 539 0.5 0.09
          539.5 540 0.5 0.01
          540 541 1 0.88
          553.5 554.5 1 0.03
          557.5 559 1.5 0.02
          560 560.5 0.5 0.01
          567.5 568 0.5 0.05
          572.5 573 0.5 0.03
          581.5 582 0.5 0.04
          582.5 583 0.5 0.01
          583.5 584.5 1 0.03
          585.5 586 0.5 0.12
          588 588.5 0.5 0.01
          595 596 1 0.03
          596.5 597 0.5 0.01
          600.5 601 0.5 0.01
          603 604 1 0.02
          616.5 617 0.5 0.03
          619 619.5 0.5 0.06
          626 627 1 0.03
          636 636.5 0.5 0.01
          640 640.5 0.5 0.01
          644 645.5 1.5 0.03
          717.5 718.5 1 0.12
          729 730.5 1.5 0.46
          730.5 734 Assays Pending
RK-24-208 310 -70 756 104.3 Assays Pending
RK-24-209 310 -70 840 110.7 Assays Pending
RK-24-210 310 -70 1095 102.4 Assays Pending
RK-24-211 310 -70 1302 103.1 Assays Pending
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 Assays Pending
RK-24-215 310 -70 840 114.8 Assays Pending
RK-24-216 310 -70 1071 99.7 787 789 2 0.21
          789.5 791 1.5 0.09
          790.5 791 0.5 0.01
          791.5 792 0.5 0.04
          805 806 1 0.05
          807.5 808.5 1 0.02
          811.5 812 0.5 0.76
          814.5 817 2.5 0.17
RK-24-217 310 -70 1185 105.6 No Significant Intersections
RK-24-217a 310 -70 120 105.1 No Significant Intersections
RK-24-218 310 -70 696 109.6 494.5 495.5 1 0.03
          515.5 519 3.5 0.09
          520 521 1 0.01
RK-24-219 310 -70 1187 99.8 No Significant Intersections
RK-24-220 310 -70 732 116 445.5 447 1.5 0.04
          450 450.5 0.5 0.01
          452 469 17 0.43
        incl. 457 457.5 0.5 1.52
        incl. 457.5 458 0.5 3.30
        incl. 462.5 463.5 1 1.06
        incl. 465.5 466 0.5 1.26
          469.5 470 0.5 0.01
          471 471.5 0.5 0.02
          475.5 488.5 13 0.32
        incl. 484.5 485 0.5 1.16
        incl. 485 485.5 0.5 2.35
        incl. 486 486.5 0.5 2.18
          489 494 5 0.20
          494.5 499.5 5 0.38
          500 500.5 0.5 0.01
          503 504.5 1.5 0.05
          520.5 521 0.5 0.02
          521.5 522 0.5 0.02
          522.5 523 0.5 0.01
          525.5 526.5 1 0.01
          539.5 540 0.5 0.52
          544.5 546 1.5 0.02
          570.5 571 0.5 0.02
          579.5 581 1.5 0.04
          583 584.5 1.5 0.07
          585.5 586 0.5 0.01
          596.5 597.5 1 0.12
          599.5 600 0.5 0.03
RK-24-221 310 -70 861.6 115.9 Assays Pending
RK-24-222 354 -65 753 108.4 587.5 604.5 Assays Pending
          604.5 621.5 17 3.85
        incl. 607 610 3 10.1
          621.5 688 Assays Pending
RK-24-223 345 -66 876 106.8 633 635.5 2.5 1.90
        incl. 633.5 634 0.5 8.56
          645.5 647.5 2 1.41
        incl. 646.5 647.5 1 2.21
          675 676.5 1.5 0.42
          678 678.5 0.5 0.02
          679.5 680 0.5 0.06
          689.5 693.5 4 0.93
          695.5 697 1.5 0.05
          701.5 702 0.5 0.01
          702.5 703 0.5 0.01
          703 703.5 0.5 0.01
          705 705.5 0.5 0.01
          707.5 708 0.5 0.01
          713.5 714 0.5 0.07
          714.5 715.5 1 0.03
          716 718.5 2.5 0.25
          720.5 721.5 1 0.09
          722 723.5 1.5 1.18
        incl. 723 723.5 0.5 2.15
          726 727.5 1.5 0.34
          728.5 764.5 Assays Pending
          764.5 768 3.5 0.57
          768.5 777.5 Assays Pending
RK-24-224 310 -70 744 115.8 493 504 Assays Pending
          504 505 1 0.34
          505.5 509 3.5 0.36
          509 539 Assays Pending
  • All depths and intervals are meters downhole, true thicknesses are yet to be determined.
  • 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.
  • Cutoff grade 0.01% U3O8.
  • All depths and intervals are meters 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 4: 2025 Spectrometer results from March 24, 2025 news release to present

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-25-235 270 -70 858 105.5 No Significant Intersections.
RK-25-237 340 -70 816.0 104.6 No Significant Intersections.
RK-25-238a 279 -67 165 123.4 No Significant Intersections.
RK-25-239 278 -68 594 123.4 212.5 213 0.5 <500 - 850
          365 366 1 <500
          390.5 391.5 1 <500 - 800
          391.5 392 0.5 <500 - 2400
          392 394.5 2.5 <500
          394.5 395 0.5 <500 - 950
          395 395.5 0.5 <500 - 800
          395.5 396 0.5 <500
          396 396.5 0.5 <500 - 600
          396.5 397 0.5 500 - 1100
          397 397.5 0.5 <500
          398 398.5 0.5 <500 - 700
          398.5 399 0.5 <500 - 900
          400.5 402.5 2 <500
          405 405.5 0.5 <500
          406.5 407 0.5 <500
          407 407.5 0.5 700 - 1400
          407.5 408 0.5 700 - 14000
          408 409 1 <500 - 700
          409 409.5 0.5 <500 - 3100
          409.5 410 0.5 <500 - 1200
          410 410.5 0.5 <500 - 700
          411 411.5 0.5 <500
          414 414.5 0.5 <500
          414.5 415 0.5 600 - 800
          415 415.5 0.5 <500
          416.5 418.5 2 <500
          418.5 419 0.5 <500 - 600
          419 419.5 0.5 <500
          419.5 420.5 1 <500 - 550
          420.5 421.5 1 <500
          422.5 423 0.5 <500
          424.5 425 0.5 <500
          425.5 426 0.5 <500
          428.5 429.5 1 <500
          430 431.5 1.5 <500
          432 433.5 1.5 <500
          433.5 434 0.5 <500 - 650
          434 434.5 0.5 <500 - 1100
          434.5 435 0.5 <500
          435 435.5 0.5 <500 - 600
          435.5 436 0.5 600 - 2000
          436 436.5 0.5 700 - 1000
          436.5 437 0.5 2500 - 3500
          437 437.5 0.5 7000 - 31000
          437.5 438 0.5 12000 - 28000
          438 438.3 0.3 17000 - 35000
          438.3 438.4 0.1 >61000
          438.4 438.5 0.1 17000 - 32000
          438.5 439 0.5 12000 - 49000
          439 439.5 0.5 23000 - 51000
          439.5 440 0.5 30000 - 40000
          440 440.5 0.5 26000 - 41000
          440.5 440.7 0.2 >61000
          440.7 440.9 0.2 36000 - 50000
          440.9 441 0.1 >61000
          441 441.4 0.4 >61000
          441.4 441.6 0.2 30000 - 50000
          441.6 442 0.4 10000 - 46000
          442 442.5 0.5 10000 - 54000
          442.5 443 0.5 3000 - 13000
          443 443.5 0.5 3000 - 45000
          443.5 444 0.5 1500 - 25000
          444 444.5 0.5 2500 - 28000
          444.5 445 0.5 400 - 1350
          445 445.5 0.5 <500 - 800
          445.5 446 0.5 <500 - 700
          448 449.5 1.5 <500
          449.5 450 0.5 <500 - 700
          450 450.5 0.5 <500 - 600
          450.5 451 0.5 <500 - 700
          451 451.5 0.5 700 - 3500
          451.5 452 0.5 500 - 1100
          453 454.5 1.5 <500
          456 457 1 <500
          458 458.5 0.5 <500
          461.5 462 0.5 <500
          463 464.5 1.5 <500
          466.5 467 0.5 <500
          468 468.5 0.5 <500 - 550
          468.5 469 0.5 <500
          469.5 470 0.5 <500 - 550
          470 471.5 1.5 <500
          471.5 472 0.5 <500 - 3200
          472 472.5 0.5 1200 - 11000
          472.5 473 0.5 1100 - 4600
          473 473.5 0.5 <500
          476 476.5 0.5 <500
          476.5 477 0.5 <500 - 600
          477 478 1 <500
          478 478.5 0.5 <500 - 3100
          478.5 479 0.5 600 - 5000
          479 479.5 0.5 <500 - 1100
          480.5 481.5 1 <500
          482.5 483 0.5 <500
          483.5 484 0.5 <500
          484 485 1 <500 - 550
          486 486.5 0.5 <500
          486.5 487 0.5 700 - 2000
          487 487.5 0.5 1000 - 9000
          487.5 488 0.5 <500 - 1100
          490 490.5 0.5 <500
          490.5 490.7 0.2 1500 - 4000
          490.7 491 0.3 >61000
          491 491.5 0.5 1000 - 34000
          498 498.5 0.5 <500 - 580
          498.5 499 0.5 <500 - 960
          499 499.5 0.5 <500 - 2600
          499.5 500 0.5 <500 - 1200
          501.5 502 0.5 <500
          502.5 503 0.5 <500
          503.5 504 0.5 1200 - 57000
          504 504.5 0.5 1200 - 10000
          505.5 506 0.5 <500 - 800
          507.5 508 0.5 <500 - 5400
          508 508.5 0.5 1100 - 4500
          509.5 510 0.5 <500
          514.5 515 0.5 <500 - 1400
          518.5 519 0.5 <500
          519 519.5 0.5 <500 - 600
          519.5 520 0.5 <500 - 1400
RK-25-240 270 -70 893 106.1 653.5 654.5 1.0 <500
          658.5 659 0.5 <500
          659.5 660 0.5 <500
          660 660.5 0.5 <500 - 1000
          660.5 661 0.5 <500 - 650
          661 661.5 0.5 <500 - 5400
          661.5 662 0.5 <500
          662 663 1.0 <500 - 1000
          663 663.5 0.5 <500 - 950
          663.5 664 0.5 <500 - 800
          664 664.5 0.5 3400 - 19000
          664.5 665 0.5 <500 - 700
          665 665.5 0.5 600 - 3300
          665.5 666 0.5 700 - 33000
          666 666.5 0.5 500 - 1200
          666.5 667 0.5 700 - 2200
          667 667.5 0.5 1200 - 2900
          667.5 668 0.5 <500 - 1200
          668 668.5 0.5 1100 - 8600
          668.5 669.5 1.0 <500 - 1400
          669.5 670 0.5 <500
          670 670.5 0.5 1100 - 3900
          670.5 671 0.5 <500 - 600
          671.5 672 0.5 <500 - 700
          672 672.5 0.5 <500 - 1200
          673 673.5 0.5 <500 - 6000
          673.5 674 0.5 <500 - 3200
          675 675.5 0.5 900 - 15000
          675.5 676 0.5 500 - 1700
          676 676.5 0.5 500 - 1800
          676.5 677 0.5 <500 - 1300
          677 677.5 0.5 <500 - 600
          677.5 678 0.5 500 - 900
          678 678.5 0.5 <500 - 1800
          678.5 679 0.5 <500
          679 679.5 0.5 600 - 3000
          679.5 680 0.5 <500
          680 680.5 0.5 <500 - 550
          680.5 681 0.5 600 - 1100
          681 681.5 0.5 600 - 3200
          681.5 682 0.5 600 - 2300
          682 682.5 0.5 500 - 600
          682.5 683 0.5 500 - 700
          683 683.5 0.5 <500 - 550
          683.5 684 0.5 <500
          684 684.5 0.5 700 - 3000
          684.5 685 0.5 3600 - 12000
          685 685.1 0.1 4000 - 8000
          685.1 685.6 0.5 >61000
          685.6 685.8 0.2 15000 - 20000
          685.8 686 0.2 >61000
          686 686.5 0.5 1000 - 5500
          686.5 687 0.5 7000 - 47000
          687 687.5 0.5 2200 - 25000
          687.5 688 0.5 1000 - 3800
          688 688.5 0.5 600 - 1500
          688.5 689 0.5 <500 - 1000
          689 689.5 0.5 500 - 700
          689.5 690 0.5 <500
          690 690.5 0.5 <500 - 1100
          690.5 691 0.5 1200 - 1500
          691 691.5 0.5 700 - 1000
          691.5 692 0.5 800 - 1100
          692 692.5 0.5 <500 - 800
          692.5 693.5 1.0 <500
          694.5 695 0.5 <500
          695 695.5 0.5 <500 - 750
          695.5 696.5 1.0 <500 - 800
          696.5 697 0.5 <500 - 700
          697 697.5 0.5 <500
          697.5 698 0.5 <500 - 550
          698 698.5 0.5 1000 - 4600
          698.5 699 0.5 <500 - 900
          699.5 700 0.5 500 - 1000
          700 700.5 0.5 <500 - 1300
          700.5 703 2.5 <500
          703 703.5 0.5 <500 - 700
          703.5 704 0.5 <500 - 550
          705.5 706 0.5 <500
          706 706.5 0.5 <500 - 3500
          714.5 715 0.5 550 - 10000
          715 715.5 0.5 <500
          717.5 718 0.5 500 - 1300
          718.5 722 3.5 <500
          726.5 727 0.5 <500 - 800
          728 730 2.0 <500
          730 730.5 0.5 <500 - 550
          731 731.5 0.5 <500
          732.5 733 0.5 1100 - 11000
          733 733.5 0.5 4000 - 7000
          733.5 734 0.5 <500 - 9000
          734 734.5 0.5 <500
          734.5 735 0.5 <500 - 550
          735 735.5 0.5 <500 - 6100
          735.5 736 0.5 800 - 25000
          736 736.5 0.5 <500 - 1500
          736.5 737 0.5 <500 - 540
          737 738 1.0 <500 - 600
          738 738.5 0.5 6000 - 20000
          738.5 739 0.5 750 - 10000
          739 739.5 0.5 <500
          739.5 740 0.5 <500 - 1100
          740 740.5 0.5 <500 - 600
          740.5 741 0.5 <500 - 550
          741 741.5 0.5 600 - 2500
          741.5 742 0.5 500 - 4600
          742 742.5 0.5 <500 - 700
          742.5 742.9 0.4 <500
          749.5 750.5 1.0 <500
          752.5 753 0.5 <500 - 900
          754.5 755 0.5 <500
          755 755.5 0.5 <500 - 780
          755.5 756 0.5 <500 - 620
          756.5 757 0.5 <500 - 520
          757 759.5 2.5 <500
          760 760.5 0.5 <500 - 980
          760.5 761 0.5 530 - 1050
          761 761.5 0.5 500 - 1800
          761.5 762 0.5 <500
          762 762.5 0.5 830 - 8400
          762.5 763 0.5 530 - 2200
          763 763.5 0.5 890 - 2700
          763.5 764 0.5 260 - 1200
          764.5 765 0.5 1000 - 1700
          765 765.5 0.5 600 - 1900
          765.5 766 0.5 <500 - 1000
          766.5 767 0.5 <500 - 850
          767 767.5 0.5 <500 - 1500
          774 774.5 0.5 2000 - 5000
          774.5 775 0.5 <500 - 1100
          775 775.5 0.5 1100 - 2700
          775.5 776 0.5 <500 - 2100
          776.5 777 0.5 <500 - 1100
          778 778.5 0.5 <500 - 1100
          780 780.5 0.5 2500 - 7000
          798.5 799 0.5 <500 - 8400
          804.5 805 0.5 <500 - 560
RK-25-241 320 -71 534 117.2 396 396.5 0.5 <500 - 650
          396.5 397 0.5 <500
          413 413.5 0.5 <500 - 850
          413.5 414 0.5 <500 - 2500
          414 414.5 0.5 <500 - 800
          414.5 415 0.5 <500 - 1700
          415 415.5 0.5 <500
          415.5 416 0.5 <500
          416 416.5 0.5 <500 - 6500
          416.5 417 0.5 <800 - 2000
          417 417.5 0.5 1000 - 3500
          417.5 418 0.5 2000 - 11000
          418 418.5 0.5 3500 - 11000
          418.5 419 0.5 1000 - 6500
          419 419.5 0.5 <500
          421 421.5 0.5 <500
          423.5 424 0.5 <500
          424 424.5 0.5 <500 - 1500
          424.5 425 0.5 <500 - 600
          425 425.5 0.5 <500 - 1100
          425.5 426 0.5 <500 - 700
          426 426.5 0.5 <500
          427.5 428.5 1.0 <500
          428.5 429 0.5 <500 - 600
          432 432.5 0.5 <500 - 700
          432.5 433 0.5 <500
          434 434.5 0.5 <500
          434.5 435 0.5 500 - 800
          435 436.5 1.5 <500
          436.5 437 0.5 <500 - 700
          437 437.5 0.5 <500 - 550
          437.5 438 0.5 <500
          438 438.5 0.5 <500 - 550
          439.5 440 0.5 <500 - 550
          440 440.5 0.5 <500 - 2000
          444 444.5 0.5 <500 - 900
          447.5 448.5 1.0 <500
          448.5 449 0.5 <500 - 1100
          449 449.5 0.5 8000 - 54000
          449.5 450 0.5 15000 - 26000
          450 450.5 0.5 4000 - 15000
          450.5 451 0.5 <500 - 1500
          451 451.5 0.5 <500
          451.5 452 0.5 <500
          452 452.5 0.5 <500 - 550
          452.5 454 1.5 <500
          454 454.5 0.5 500 - 1200
          454.5 455 0.5 500 - 5000
          455 455.5 0.5 1500 - 34000
          455.5 456 0.5 500 - 1100
          456 456.5 0.5 500 - 1500
          456.5 457 0.5 500 - 1100
          461 461.5 0.5 <500
          462 462.5 0.5 <500
          462.5 463 0.5 <500 - 1000
          463 463.5 0.5 <500
          463.5 464 0.5 <500 - 1100
          464 464.5 0.5 800 - 1200
          464.5 465 0.5 <500
          465 465.5 0.5 <500 - 550
          466 466.5 0.5 <500
          467 467.5 0.5 <500
          471 471.5 0.5 <500
          489 489.5 0.5 <500
          496 496.5 0.5 <500
          497.5 498 0.5 <500
          498 498.5 0.5 <500 - 520
          501 501.5 0.5 <500 - 850
          503 503.5 0.5 <500 - 700
RK-25-242 270 -70 555.00 124.50 No Significant Intersections.
RK-25-243 276 -66 579.00 126.80 207.5 208 0.5 <500 - 690
          208 208.5 0.5 <500
          360 364.5 4.5 <500
          365 365.5 0.5 <500 - 1000
          365.5 366 0.5 650 - 1200
          366 366.5 0.5 <500 - 1200
          366.5 367 0.5 <500 - 2500
          367 367.5 0.5 <500 - 4000
          367.5 368 0.5 <500 - 850
          368 368.5 0.5 1000 - 25000
          368.5 369 0.5 <500 - 16000
          371 371.5 0.5 <500 - 800
          371.5 372 0.5 <500
          372 372.5 0.5 <500
          372.5 373 0.5 <500 - 800
          373 373.5 0.5 <500 - 1000
          374 374.5 0.5 <500 - 700
          375 375.5 0.5 <500
          376.5 377 0.5 <500 - 750
          384.5 385 0.5 <500 - 900
          385 385.5 0.5 <500
          385.5 386 0.5 <500 - 800
          386 386.5 0.5 <500 - 1000
          386.5 387 0.5 <500 - 900
          387 387.5 0.5 <500 - 3500
          400.5 401 0.5 <500
          402 403 1.0 <500
          404.5 406 1.5 <500
          406 406.5 0.5 <500 - 1000
          406.5 407.5 1.0 <500
          409 409.5 0.5 <500 - 940
          409.5 410 0.5 <500 - 1900
          410 410.5 0.5 <500 - 650
          410.5 411 0.5 <500
          411 411.5 0.5 <500 - 3900
          411.5 414.5 3.0 <500
          417 417.5 0.5 <500 - 800
          417.5 418 0.5 <500 - 1550
          418 418.5 0.5 <500 - 850
          418.5 419 0.5 <500 - 1100
          419 420 1.0 <500
          421.5 422 0.5 <500
          422 422.5 0.5 <500 - 600
          422.5 424 1.5 <500
          424 424.5 0.5 <500 - 1100
          424.5 425 0.5 600 - 1100
          425 425.5 0.5 1500 - 2400
          425.5 426 0.5 500 - 2600
          426 426.5 0.5 1100 - 11000
          426.5 427 0.5 <500
          432 433.5 1.5 <500
          433.5 434 0.5 <500 - 550
          434 434.5 0.5 <500 - 1100
          434.5 435 0.5 <500 - 580
          435 435.5 0.5 <500
          435.5 436 0.5 900 - 1100
          436 436.5 0.5 <500 - 1300
          436.5 437 0.5 <500
          446.5 447 0.5 <500 - 720
          452 452.5 0.5 <500
          453 453.5 0.5 <500
          453.5 454 0.5 <500 - 950
          455.5 456 0.5 <500 - 660
          456 457 1.0 <500
          459.5 460.5 1.0 <500
          472 472.5 0.5 <500 - 3200
          473 473.5 0.5 <500
          475 475.5 0.5 <500
          476.5 477 0.5 <500
          478 478.5 0.5 <500
          480 480.5 0.5 <500 - 7500
          480.5 481 0.5 <500 - 650
          481 481.5 0.5 <500
          481.5 482 0.5 <500 - 1800
          482 482.5 0.5 <500
          488 488.5 0.5 <500
          488.5 489 0.5 <500 - 4500
          489 489.5 0.5 <500
          489.5 490 0.5 <500 - 730
          490 490.5 0.5 <500 - 1500
          490.5 491 0.5 <500 - 700
          503 503.5 0.5 <500 - 1300
RK-25-244 330 -70 586.60 112.40 412 412.5 0.5 <500 - 920
          412.5 413 0.5 1100 - 4400
          413 413.5 0.5 <500 - 620
          414 415 1.0 <500
          420.5 421 0.5 <500
          421.5 422 0.5 <500 - 780
          422 422.5 0.5 <500 - 830
          422.5 423 0.5 <500 - 660
          423 423.5 0.5 <500 - 950
          423.5 424 0.5 <500 - 920
          424 424.5 0.5 <500 - 540
          424.5 425 0.5 <500
          427.5 428 0.5 <500
          428 428.5 0.5 <500 - 6400
          428.5 429 0.5 <500
          430 430.5 0.5 <500
          434 434.5 0.5 <500
          453.5 454 0.5 <500
          454 455 1.0 <500
          455 455.5 0.5 <500 - 700
          455.5 456 0.5 <500 - 2400
          456.5 458.5 2.0 <500
          458.5 459 0.5 <500 - 1800
          459 459.5 0.5 <500
          462 464.5 2.5 <500
          464.5 465 0.5 <500 - 1900
          465 465.5 0.5 1100 - 3600
          465.5 466 0.5 910 - 1800
          466 466.5 0.5 <500 - 1400
          466.5 467 0.5 880 - 7000
          467 467.5 0.5 780 - 3500
          467.5 468 0.5 550 - 700
          468 468.5 0.5 1200 - 17000
          468.5 469 0.5 1500 - 24000
          469 469.5 0.5 <500 - 1400
          469.5 470 0.5 <500 - 540
          470 470.5 0.5 <500 - 830
          470.5 471 0.5 <500
          471 471.5 0.5 <500 - 1400
          471.5 472 0.5 720 - 1600
          472 472.5 0.5 1500 - 13000
          472.5 473 0.5 7000 - 30000
          473 473.2 0.2 20000 - 55000
          473.2 473.5 0.3 >61000
          473.5 474 0.5 7000 - 40000
          474 474.5 0.5 4500 - 9000
          474.5 475 0.5 1300 - 26000
          475 475.1 0.1 9000 - 26000
          475.1 475.4 0.3 >61000
          475.4 475.5 0.1 19000 - 41000
          475.5 477.3 1.8 >61000
          477.3 477.4 0.1 10000 - 15000
          477.4 477.6 0.2 >61000
          477.6 478 0.4 10000 - 21000
          478 478.5 0.5 720 - 1500
          478.5 479 0.5 <500 - 800
          479 480 1.0 <500
          480 480.5 0.5 <500 - 4400
          480.5 481 0.5 550 - 5100
          481 481.5 0.5 520 - 5700
          481.5 482 0.5 600 - 60000
          482 482.5 0.5 <500 - 750
          482.5 486 3.5 <500
          489.5 490 0.5 <500
          490 490.5 0.5 <500 - 630
          490.5 491 0.5 <500 - 680
          497 497.5 0.5 <500
          497.5 498 0.5 <500 - 710
          499 499.5 0.5 <500
          510 511 1.0 <500
          528 528.5 0.5 <500
          528.5 529 0.5 <500 - 1400
          529 529.5 0.5 700 - 14000
          529.5 530 0.5 <500 - 7200
          530 530.5 0.5 <500 - 3200
          530.5 531 0.5 1000 - 5600
          531 531.5 0.5 <500
  • All depths and intervals are meters downhole, true thicknesses are yet to be determined.
  • "Off-scale" refers to >61,000 cps (counts per second) readings by gamma spectrometer type RS-125.
  • "Anomalous" means >500 cps readings by gamma spectrometer type RS-120.
  • Where "CPS Range" is <500 cps, this refers to local low radioactivity within the overall interval.
  • Unconformity of 'N/A' denotes a lack of visible contact between Athabasca sandstone and basement rock.
  • Maximum internal dilution 2.0 m downhole.
  • All depths and intervals are meters 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 environmental and social governance standards. The Rook I Project is supported by an N.I. 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.

Contact Information

Leigh Curyer
Chief Executive Officer

NexGen Energy Ltd.
+1 604 428 4112
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www.nexgenenergy.ca

Travis McPherson
Chief Commercial Officer
NexGen Energy Ltd.
+1 604 428 4112
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www.nexgenenergy.ca

Monica Kras
Vice President, Corporate Development
NexGen Energy Ltd.
+44 7307 191933
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www.nexgenenergy.ca

Technical Disclosure*

All technical information in this news release has been reviewed and approved by Jason Craven, NexGen's Vice President, 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.sedarplus.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 3, 2025 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.sedarplus.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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