With a strong portfolio considered to be the among the most
prospective uranium properties known, NexGen has the most
significant land position in Saskatchewan’s southwest Athabasca
Basin, where it holds over 190,000 hectares.
The vast land package held by NexGen along the southwestern boundary of the Athabasca Basin in northern Saskatchewan, at SW1, SW2 (home of Arrow at the Rook I Project), and SW3, is considered by industry experts to be the pre-eminent uranium exploration area globally for high-grade, high-tonnage mineralization. This is a function of the world-class, high-grade, and high-tonnage mineralization discovered to date. Extensive geophysical surveys conducted over the past 10 years have identified numerous, untested targets on anomalies consistent with known mineralization.
Arrow is a 100% land-based, basement-hosted, and high-grade uranium discovery which is the largest development-stage uranium deposit in Canada. Additionally, the Company discovered "South Arrow" (July 2017), “Harpoon” (August 2016), "Bow" (March 2015) and “Cannon” (April 2016) 400 m, 4.7 km, 3.7 km, and 1.3 km away from Arrow, respectively. The company remains well-funded to continue through advanced engineering in support of mine and mill construction at the Arrow Deposit, and for further exploration drilling on the Rook I property.
NexGen's 2025 43,000-meter exploration drill program continues to test the extents and growth of mineralization discovered in early 2024 at Patterson Corridor East (PCE), located 3.5 km east of the world-class Arrow Deposit.
Assays confirm that PCE is an intense high-grade system that continues to grow rapidly. Assays from hole RK-25-232, which is the best discovery phase hole ever drilled by NexGen at any of its properties, ranks among the world’s highest-grade basement-hosted uranium vein intercepts, validating the growing significance of Patterson Corridor East (“PCE”); 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.
NexGen's disciplined and systematic approach to evaluating high-priority targets resulted in the discovery and material growth of mineralization at PCE. This highly prospective area continues to be the central focus of the Company’s exploration efforts given the clear potential demonstrated to date at PCE.