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NexGen Energy Ltd.

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Summary

Project:

Rook I

Deposit:Arrow
Location:Canada
Commodities:Uranium
Date:7/31/2017
Report Code:NI43-101
Report Type:PEA
Project Stage:Pursuing Resource Increase/Upgrade
Report details:31-7-2017: NexGen Energy Ltd. announces a PEA report for its Arrow deposit at the Rook I project. Initial PEA results incl. Post tax NPV (8%) of $3.49B, IRR of 56.7%, LOM of 14.4 years. Roscoe Postle Associates Inc. (RPA) was retained by NexGen Energy Ltd
Resources:(Resource): 1.18Mt @ 6.88% U3O8 (Ind.) and 4.25Mt @ 1.30% U3O8 (Inf.) at Arrow
CP/QP:[Overall Report]: J. Cox, D. Robson, D. Ross, M. Mathisen (Roscoe Postle Associates Inc.;RPA (USA) Ltd.)
ABSTRACT:Roscoe Postle Associates Inc. (RPA) was retained by NexGen Energy Ltd. (NexGen) to lead a consortium of consulting groups to prepare an independent Technical Report on NexGen’s Rook I Project (the Project or the Property) in Saskatchewan, Canada. The consortium consisted of RPA, DRA Americas Inc. (DRA), BGC Engineering Inc. (BGC), Clifton Associates Ltd. (Clifton), and Arcadis Canada Inc. (Arcadis). This Technical Report has been prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101). The purpose of this Technical Report is to summarize the results of a Preliminary Economic Assessment (PEA) of the Project announced by NexGen on July 31, 2017. RPA, BGC, and Clifton visited the Property on May 18, 2017. RPA also visited the Property from January 22 to 25, 2017, during an active drilling campaign. NexGen is a Canadian uranium development and exploration company, primarily engaged in the development and expansion of the Rook I Project. NexGen is listed on the Toronto Stock Exchange (symbol NXE) and on the NYSE MKT (symbol NXE). The PEA is based on underground mining and processing of 1,450 tonnes per day (tpd) via acid leaching, solvent extraction, and precipitation. The Project has the capacity to produce up to 29 million lb U3O8 per year in the form of yellowcake. This preliminary economic assessment summarized in this Technical Report is considered by RPA to meet the requirements of a “Preliminary Economic Assessment” as defined in NI 43- 101.

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