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NexGen Energy Ltd.

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Summary

Project:

Rook I

Deposit:Arrow
Location:Canada
Commodities:Uranium
Date:8/7/2019
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:7-8-2019: NexGen Energy Ltd. announces an Exploration/Drilling Update report for its Arrow deposit at the Rook I project. Radioactivity results incl. 53.5m of total composite mineralization. Vancouver, BC, August 7, 2019 – NexGen Energy Ltd. (“NexGen” or
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Troy Boisjoli (Internal)
ABSTRACT:Vancouver, BC, August 7, 2019 – NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX: NXE, NYSE MKT: NXE) is pleased to report radioactivity results for an additional thirty-seven holes comprising 16,585.5 m from the Company’s Feasibility-stage drilling program at our 100% owned, Rook I property in the Athabasca Basin Saskatchewan. The Phase I resource component of the 2019 Feasibility stage program has completed 117 holes totaling 50,968 m. Utilizing new directional drilling technology, AziDrill, the Company was able to reduce the metres required for Phase I conversion by 28% due to the ability to target mineralization more accurately with deeper directional cuts from the pilot hole. Further, an additional 14 holes of 6,314.4 m were completed designed to geotechnically and hydrogeologically characterize the rock mass within areas of the proposed mine workings and the Underground Tailings Management Facility (“UGTMF”). In total, the 2019 Phase I winter drilling program comprised 131 completed holes totaling 57,282.4 m.

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