1 Cantor Fitzgerald Uranium Conference New York April 3, 2014 Picture: Rook I camp
Jan 18, 2015
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Cantor Fitzgerald Uranium Conference
New York April 3, 2014
Picture: Rook I camp
Disclaimer
Information Contained In This 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 NexGen and there is no representation or warranty by
NexGen or any other person as to the accuracy or completeness of the
information set forth herein. This presentation includes information on adjacent
properties that was obtained from various 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.
Note: There is no known uranium mineralization at either the Radio Project or
Rook I. Information regarding adjacent properties contained in this presentation is
not necessarily indicative of the mineralization at the projects described herein.
All dollar amounts referenced herein, unless otherwise indicated, are expressed in
Canadian dollars.
Cautionary Note Regarding Forward-looking Information
Statements contained in this presentation that are not current or historical factual
statements may constitute “forward-looking information” within the meaning of
applicable securities laws including statements with respect to the properties, a
concurrent financing, our plans for exploration and development of our properties
and our financial condition, operations and prospects. The forward-looking
information reflects current expectations regarding future results, performance or
achievements and speaks only as of the date of this presentation. When used in
this presentation, forward-looking information can be identified by such words as
“may”, “will”, “expect”, “believe”, “plan”, “project”, “anticipate”, “intend”, “estimate”
and other similar terminology. Such forward-looking information involves known
and unknown risks, uncertainties and other factors that may cause the actual
results, performance or achievements of the Company to be materially different
from any future results, performance or achievements expressed in or implied by
such information. Such risks, uncertainties and other factors include, but are not
limited in any manner to those risks set forth in this presentation under the
heading “Risk Factors”, including, the risk that no mineralization will be identified
on the Radio and Rook I properties; the Company’s dependence on third party
financing; the Company’s limited operating history; risks inherent in exploration
activities; environmental and safety risks including increased regulatory burdens;
unexpected geological or hydrological conditions; a possible deterioration in
political support for nuclear energy; changes in government regulations and
policies, including trade laws and policies; demand for nuclear power; failure to
obtain necessary permits and approvals from government authorities; weather
and other natural phenomena; and other exploration, development, operating,
financial market and regulatory risks. The foregoing list of factors is not
exhaustive.
The forward-looking information contained in this presentation requires
management to make certain assumptions including with respect to the financing
and its ability to successfully develop its properties. Although management of the
Company believes that the assumptions underlying, and the expectations
reflected in, the forward-looking information are reasonable, significant risks and
uncertainties are involved in such information. Management can give no
assurances that its assumptions, estimates and expectations will prove to have
been correct. Forward-looking information should not be read as guarantees of
future performance or results, and will not necessarily be accurate indications of
whether or not or the times at or by which such performance or results will be
achieved. Many factors that are beyond the Company’s control could cause
actual results to differ materially from the results discussed in the forward-looking
statements.
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NexGen Energy Ltd. holds one of
the most dominant land positions
in the Athabasca basin,
immediately adjacent to world
class uranium deposits.
- High grade
- High tonnage
- Highly economical
- Solid jurisdiction
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Share Structure
As of March 31, 2014
Shares Issued & Outstanding 170,025,760
Warrants ($0.40 - $0.65) 39,505,472
Options ($0.30 - $0.425) 9,635,637
Fully Diluted 219,166,869
Cash $15M
Ownership Tigers Realm Minerals & Associates
Mega Uranium
Radio Optionors (x3)
19%
18%
10%
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TSX-V:
NXE
Management
Gordon Bogden Chairman
Leigh Curyer Chief Executive Officer
Andriyko Herchak Chief Financial Officer
Chris McFadden Director
Trevor Thiele Director
Richard Patricio Director
Gerry Feldman Director
James Currie Director
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Strong board with a
successful track record in
uranium exploration.
Exploration Team
Andrew Browne VP Exploration & Development
James Sykes Senior Geologist
Matthew Schwab Exploration Geologist
Project Overview
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Project Overview
Athabasca Basin
SASKATCHEWAN
Located in the shallower sections of the Athabasca Basin
Key Projects:
Arrow: Adjacent to the Patterson Lake
South Discovery
*Acquired prior to PLS discovery
Rook I: Arrow
Adjacent to Rio Tinto’s Roughrider
Project. Optioned prior to RIO
purchasing Hathor
Radio
Rook 1- Arrow
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Blue Rig (RK-14-24) Red Rig (RK-14-21 & -25)
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Patterson
Lake South
Rook 1 Location
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Arrow
Rook I – West, 12 Target Areas
(3/3 – Target Areas drilled / uranium mineralisation)
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Area A (hole 05), Area D (hole 22), and “Arrow” (hole 21-30)
Patterson Lake
South
Target Area A
4M @ 330ppm
Arrow
Area A (hole 5
4M @ 330ppm)
Area D
“Arrow” RK-14-21 discovery hole
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Arrow Discovery: Target Area 2014
• Conductor break
• Gravity low
• Interpreted linear &
cross structures
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Arrow 3D Schematic Structural interpretation
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Arrow Discovery: 215 meter Step Out 2PGA-1000 down-hole gamma probe results (capped at 10,000cps)
RK-14-21
Discovery hole RK-14-27
RK-14-30
20 meters S-W 195 meters S-W
Not to scale
Summer drilling
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Arrow RK-14-21 core 209 m
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Arrow RK-14-21 core 318 m
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ARROW RK-14-21 core 519 m
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Arrow Hole RK-14-27 Radioactivity probe results
250.0m
253.8m
RK-14-30 Core 18
Arrow: pitchblende veins within brecciated shear, 478.6 m down-hole
Arrow: pitchblende veins within breccias, 512.8 m down-hole
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Arrow target zone
Exploration Program & Budget A continuous and focused exploration program*
Property Program Timeline Budget ($M)
Rook 1 6000 meters of diamond drilling,
detailed gravity on a small
section of the Dirksen Trend
January – March
2014 $3M
Rook 1 13,500 meters of diamond
drilling, detailed gravity over
priority target grids
Mid May –
September 2014 $7M
*Timing of expenditures subject to seasonal conditions
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Arrow – Highlights
First hole in the target area C, named “Arrow” hits mineralisation
Multiple zones of highly anomalous radioactivity
Of the 3 target areas out of 12 in just the western section of Rook I that have
been drilled - all have U mineralisation
Vastly expanded summer 2014 (13,500meters commencing mid - May)
Applying the geophysical principles of targeting Arrow – there are 9 other targets
areas independent from Arrow that are based on the same methodology
It suggests this S-W section of the Basin is becoming a prolific uranium
district to rival the east
NXE has the most dominant land position in this section of the Basin
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Radio / Thorburn
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Radio Adjacent to Roughrider
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3 4
5
2 1
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Nearby Uranium Deposits1
2
3
5
4
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Rio Tinto (Hathor) (100%)
Roughrider 2
Inferred 40.7Mlb @ 11.30% Indicated 17.2Mlb @ 1.98% Areva (69.2%), Denison (25.2%), OURD (5.7%)
Midwest A 3
Inferred 4.3Mlb @ 18.00% Indicated 5.8Mlb @ 0.48% Areva (69.2%), Denison (25.2%), OURD (5.7%)
Midwest Lake 4
Inferred 0.4Mlb @ 0.8% Indicated 42.9Mlb @ 5.5% Cameco (57.5%), Areva (23.1%), JCU (19.5%)
Dawn Lake 5
Indicated 12.9Mlb @ 1.69% Areva (70%), Denison (22.5%), OURD (7.5%)
McClean Lake 6
Inferred 0.1Mlb @ 0.74% Indicated 11.5Mlb @ 2.8% Denison (60%), KEPCO (40%)
J-Zone 7
Inferred 1.5Mlb @ 0.46% Indicated 7.4Mlb @ 1.99%
(1) There is no known uranium mineralisation at the Radio Project. Information regarding adjacent properties is not necessarily indicative of the mineralisation at the Radio Project.
(2) “Preliminary Economic Assessment Technical Report for the East and West Zones Roughrider Uranium Project, Saskatchewan”, 13 Sep 2011; on SEDAR (www.sedar.com) under the profile of Hathor Exploration Limited.
(3) ”Technical Report on the Midwest A Uranium Deposit Saskatchewan, Canada”, 31 Jan 2008, on SEDAR (www.sedar.com) under the profile of Denison Mines Corp.
(4) “Technical Report on the Midwest Uranium Deposit Mineral Resource and Mineral Reserve Estimates Saskatchewan, Canada”, 01 Jun 2005, revised 14 Feb 2006, on SEDAR (www.sedar.com) under the profile of
Denison Mines Inc.
(5) Annual information form for the financial year ended December 31, 2011, on SEDAR (www.sedar.com) under the profile of Cameco Corp.
(6) “Technical Report on the Mineral Resource Estimate for the McClean North Uranium Deposits, Saskatchewan”, 31 Jan 2007, on SEDAR (www.sedar.com) under the profile of Denison Mines Corp.
(7) “Technical report on the Waterbury Lake uranium project including resource estimate on the J Zone uranium deposit, Waterbury Lake property, located in the Athabasca Basin, Northern Saskatchewan”, Feb 29 2012 and
revised May 29, 2012 on SEDAR (www.sedar.com) under the profile of Fission Energy Corp.
~100Mlb indicated & ~50Mlb of inferred resources within a 10km radius of Radio
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Radio
Denison (60%), KEPCO (40%)
J-Zone
Inferred 1.5Mlb @ 0.46% Indicated 7.4Mlb @ 1.99%
Rio Tinto (Hathor) (100%)
Roughrider Inferred 40.7Mlb @ 11.30% Indicated 17.2Mlb @ 1.98%
Areva (69.2%), Denison (25.2%), OURD (5.7%)
Midwest Lake
Inferred 0.4Mlb @ 0.8% Indicated 42.9Mlb @ 5.5%
Cameco (57.5%), Areva (23.1%), JCU (19.5%)
Dawn Lake
Indicated 12.9Mlb @ 1.69%
Adjacent to and covers the extension of the interpreted E-W
structural corridor which hosts the world-class Roughrider deposits
Areva (69.2%), Denison (25.2%), OURD (5.7%)
Midwest A
Inferred 4.3Mlb @ 18.00% Indicated 5.8Mlb @ 0.48%
Areva (69.2%), Denison (25.2%), OURD (5.7%)
Josie
Radio Drill Program
9 holes drilled
Summer 2013
Visual confirmation of the
presence of:
significant bleaching,
desilicification,
clay alteration, structural
disruptions in the overlying
Athabasca sandstone,
and of clay alteration and
structures in the basement
rocks.
All of these features are
known to occur at or in
the vicinity of uranium
mineralization in the
Athabasca Basin
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On Trend with
CAMECO’s
Cigar Lake Mine
and Deposits
Thorburn Lake Property Location
Similarities and Proximity
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Cigar Lake Thorburn Lake
Average Unconformity Depth 430 - 460 m 280 - 350 m
Average Depth to Known Mineralization 410 - 450 m 283 - 381 m
Host Rock Type for Mineralization Sandstone & Graphitic
Pelite Sandstone & Graphitic
Pelite
Thorburn Drilling Highlights to Date
TBN-08-04;
• 487 ppm U from 284.5 - 285.1 m
TBN-11-05A;
• 1,430 ppm U from 288.8 - 289.3 m
• 910 ppm U from 289.3 - 292.0 m
- including 3,610 ppm from 289.3 - 289.9 m
TBN-11-06;
• 432 ppm U from 283.0 - 283.9 m
• 204 ppm U from 283.9 - 285.0 m
TBN-11-13;
• 347 ppm U from 290.4 - 291.4 m
TBN-11-14;
• 232 ppm U from 380.5 - 381.0 m
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* Drill holes with mineralized intercepts are
indicated by red collar markers
Market Comparison (NexGen market comps)
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$75
$541 $654
$2,443
N E X G E N F I S S I O N ( P ATTE R S O N L AK E S O U TH )
H ATH O R ( R O U G H R I D E R ) C I G AR L AK E
MARKET VALUE (C$ MILLION)
Market values are calculated as follows: - NexGen Energy Ltd: At March 28, 2014, 170,025,760 shares outstanding with share price of $0.44 - Fission Uranium Corp : At March 28, 2014, 331,928,461 shares outstanding with share price of $1.63 - Hathor Exploration Ltd / Roughrider Deposit : Total cash paid by Rio Tinto of $654 million to acquire Hathor in January
2012. - Cigar Lake Value is calculated using the imputed value of Rio Tinto's $654 million purchase price of Hathor with 58 million
lbs U3O8, or $11.28/lb U3O8 times Cigar Lake's 216.7 million proven and probable lbs U3O8 as reported by Cameco Corp.
Contact
Investor Relations
604-684-6730 | 1-866-684-6730
Head Office
2450 – 650 W. Georgia Street
Vancouver, BC V6B 4N9
604-428-4112
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