Post on 13-Apr-2017
Disclaimer
nexgenenergy.com|TSX-V:NXE|JANUARY20162
Information Contained InThis Presentation
ThispresentationisasummarydescriptionofNexGen EnergyLtd.(“NexGen”orthe“Company”)anditsbusinessanddoesnotpurporttobecomplete.Thispresentationisnot,andinnocircumstancesisittobeconstruedas,aprospectus,anadvertisement,orapublicofferingofsecurities.NosecuritiesregulatoryauthorityorsimilarauthorityhasreviewedorinanywaypasseduponthedocumentorthemeritsoftheCompany’ssecuritiesandanyrepresentationtothecontraryisanoffence.
Exceptwhereotherwiseindicated,theinformationcontainedinthispresentationhasbeenpreparedbyNexGenandthereisnorepresentationorwarrantybyNexGen oranyotherpersonastotheaccuracyorcompletenessoftheinformationsetforthherein.ThispresentationincludesinformationonadjacentpropertiesthatwasobtainedfromvariouspubliclyavailablesourcesreferredtohereinandtheaccuracyandcompletenessofsuchinformationhasnotbeenverifiedbyNexGen.Exceptasotherwisestated,informationincludedinthispresentationisgivenasofthedatehereof.Neitherthedeliveryofthispresentationnoranysalemadeunderthetermsdescribedhereinshallimplythattheinformationhereiniscorrectasofanydateafterthedatehereof.
Alldollaramountsreferencedherein,unlessotherwiseindicated,areexpressedinCanadiandollars.
CautionaryNoteRegardingForward-lookingInformation
Thispresentationcontains“forward-lookinginformation”withinthemeaningofapplicablesecuritieslaws.Forward-lookinginformationincludesinclude,butarenotlimitedto,informationwithrespectplannedexplorationactivitiesincludingtheanticipatedcompletionofaresourceestimate,thefutureinterpretationofgeologicalinformation,explorationprogramcostestimates,thefuturepriceofuraniumandrequirementsforadditionalcapital.Generally,forward-lookinginformationcanbeidentifiedbytheuseofforward-lookingterminologysuchas“may”,“will”,“expect”,“believe”,“plan”,“project”,“anticipate”,“intend”,“estimate”andothersimilarterminology.
Forward-lookinginformationisbasedonthethencurrentexpectations,beliefs,assumptions,estimatesandforecastsaboutNexGen’s businessandtheindustryandmarketsinwhichitoperates.Forward-lookinginformationisbaseduponnumerousassumptionsincluding,amongothers,theresultsofplannedexplorationactivitiesareasanticipated,thepriceofuranium,theanticipatedcostofplannedexplorationactivities,thatgeneralbusinessandeconomicconditionswillnotchangeinamaterialadversemanner,thatfinancingwillbeavailableifandwhenneededandonreasonabletermsandthatthirdpartycontractors,equipment,suppliesandgovernmentalandotherapprovalsrequiredtoconductNexGen’s plannedexplorationactivitieswillbeavailableonreasonabletermsandinatimelymanner.
Certainfactorscouldcauseactualresults,performancesorachievementsofNexGen tobe
materiallydifferentfromfutureresults,performancesorachievementsexpressedorimpliedbysuchforward-lookinginformation,includingthetheriskthattheCompanyhasnegativeoperatingcashflowandisdependentonthirdpartyfinancing;uncertaintyofadditionalfunding,noknownmineralreservesormineralresources,pendingassayresultsmaynotbeconsistentwithpreliminaryresults,alternativesourcesofenergy,riskinherentinexplorationactivities;relianceonkeymanagement,failuretoobtainnecessarypermitsandapprovalsfromgovernmentauthoritiesenvironmentalandsafetyrisksincludingincreasedregulatoryburdens;apossibledeteriorationinpoliticalsupportfornuclearenergy;andotherrisksdescribedintheCompany’sannualinformationform.AlthoughNexGenhasattemptedtoidentifyimportantfactorsthatcouldcauseactualactions,eventsorresultstodiffermateriallyfromthosedescribedinforward-lookinginformation,theremaybeotherfactorsthatcauseactions,eventsorresultsnottobeasanticipated,estimatedorintended.
Therecanbenoassurancethatsuchinformationwillprovetobeaccurate,asactualresultsandfutureeventscoulddiffermateriallyfromthoseanticipatedinsuchinformation.Accordingly,readersshouldplaceunduerelianceonforwardlookinginformation.Theforwardlookinginformationcontainedinthispresentationaremadeasofthedateofthepresentation,andaccordingly,subjecttochangeaftersuchdate.NexGen doesnotundertaketoupdateanyforward-lookinginformation,exceptinaccordancewithapplicablesecuritieslaws.
TechnicalInformation
ThescientificandtechnicalinformationinthispresentationhasbeenpreparedorapprovedbyGarrettAinsworth,P.Geo.,VicePresident– Exploration&Development,a“qualifiedperson”withinthemeaningofNationalInstrument43-101– StandardsofDisclosureforMineralProjects.Mr.Ainsworthreviewedthedatadisclosedinthispresentation,includingthesampling,analyticalandtestdataunderlyingtheinformationcontainedinthispresentation.Mr.AinsworthverifiedthattheresultsareaccuratebyreviewingtheofficialassaycertificatesprovidedtotheCompany.ForadescriptionoftheCompany’squalityassuranceprogramandqualitycontrolmeasures,typeofsamples,sampleintervals,relevantanalyticalvaluesandtestingprocedurespleaserefertothe“TechnicalReportontheRookIProperty,SaskatchewanCanada”havinganeffectivedateofNovember30,2015,filedundertheCompany’sprofileatwww.sedar.com.
Summary
3
▷NexGen isledbyateamofhighlyexperienceduraniumprofessionalsthatspanthedisciplinesofexplorationthroughtoproduction.
People
▷Arrowis100%land-basedandremainsopeninalldirectionsandatdepth(currently645mstrike,235mwidth,820mverticalextent(from100mofsurface).ShapinguptobeoneoftheWorld’spreeminenturaniumassetsintermsofpotentialsizeandscale.
Projects
▷SaskatchewanCanadarated2nd bestminingjurisdictioninWorldbyFraserInstitutefor2015andisthesecondlargesturaniumproducingjurisdictioninWorldrepresenting16%ofglobalproduction.
Jurisdiction
nexgenenergy.com |TSX-V:NXE|JANUARY2016
The Athabasca Basin
nexgenenergy.com|TSX-V:NXE|JANUARY20164
Globalaverageresourcegrades0.10%U3O8
Duetocoststructureofnewuranium
production, incentivepricefornewmines+US$70/lbU3O8
Averageresourcegradesinthe
AthabascaBasin>100xglobal average
TwoofthreeminesinCanadaareunderseveretechnicalriskduetogeologicalcharacteristics.
WorldNuclearAssociation(2015),RaymondJamesLtd.
Athabasca Basin Setting
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▷ Sandstone-hosted deposits (egress type) tend to have mining challenges due to the fact the mineralization is ‘perched’ within the unconsolidated and wet Athabasca Sandstone unit.
▷ Arrow is a basement-hosted zone (ingress type) which is analogous to Cameco’s Eagle Point mine.
Valuable Rock
nexgenenergy.com|TSX-V:NXE|JANUARY20166
1.00%U3O8=23.50g/tAu
BasedonUS$45/lbU&US$1,300/oz Au
Project Overview
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Focus: Discoveranddevelophigh-gradeuraniumassetswithglobalscaleandtechnicalsimplicity inthemosttimeandcostefficientmannerpossible.
Dominant Land Position
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▷ NexGen holdsthemostdominantlandpositionintheSouthwesternAthabascaBasinstraddlingandgoingintotheBasinboundaryandhostingall knownconductorcorridors.
▷ Potentialforallthreedeposittypes:basement-hosted(Arrow),unconformity-hostedandsandstone-hosted.
Project Overview
nexgenenergy.com|TSX-V:NXE|JANUARY201610
▷ NexGen hasemployedauniqueapproachtodrillingArrowwhichconsistsof:
• Widestep-outs:upto200metrestosystematically testthemineralization
• +95%angledholes:Arrowis4stackedparallel shearsenablingeachangledhole tointersect2-3shears
• Capitalallocation:NexGen puts$10intoexplorationforevery$1ofG&A
Geophysical Success at Arrow
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▷ DisruptedVTEMconductor
▷ Edgeofmagneticgradient
▷ Withingravitylowanomaly
Arrow: 4 High-Grade Shears
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▷ Current plan view of Arrow zone.
▷ Currentlyconsistsof4verticalparallel shears;A1,A2,A3andA4thattrendalongstrikenortheast-to-southwest.
▷ EnablesNexGen todevelopArrowquicklybydrillingangledholeswhichpierceupto3shears.
▷ Arrowiscurrentlydefinedashaving645mstrikelength,235mwidthand820mverticalextent (startingfrom100mofsurface).
▷ Arrowisopeninalldirectionsandatdepth.
A2 High-Grade Core Zone
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▷ A2shearwasdiscoveredinFebruary2014with1st drillholeintotarget.
▷ CurrentdimensionsofA2high-gradecorezone:
• Strike:300m• Vertical:340m• TrueWidth:11-48.3m
▷ Strongcontinuityofhigh-grademineralizationthroughoutA2.
▷ HoststhehighergradeA2sub-zone.
Higher Grade A2 Sub-Zone
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▷ HighergradeA2sub-zonecurrentlyspans203minstrike.
▷ Sub-zonecharacterizedbydenseaccumulationsofmassivetosemi-massivepitchblendemineralizationcontinuouslyacross203mstrikelength.
▷ Allholeswithassaysreturnedfromsub-zonehavecontinuousgradexthicknesses(“GT”)of>200to655
Best Angled Drill Holes in Basin
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▷ 5 drill holes at Arrow rank in the top 8 for best angled drill holes in the Athabasca Basin within the basement rock (based on continuous grade X thickness on public record).
▷ Only82drillholesintoArrowyethasalreadyintersected2separateholeswith>600continuousGTs.
▷ McArthurRiveristheonlyprojectknownintheBasinwithabettercontinuousGTfromthebasementrock.
1.)CompanyReports,Dundee,NexGen
Unprecedented Speed of Development
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▷Summer2014(A2) ▷Winter2015(A2) ▷Summer2015(A2)
▷Winter2015(A3) ▷Summer2015(A3)
A3 High-Grade Core Zone
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▷ A3shearzonediscoveredinwinter2015drilling.
▷ Remainsopeninalldirectionsandatdepth.
▷ Broadhigh-grademineralizationencounteredthroughoutA3.
▷ Recent interceptscontinuetoproveuphigh-gradenatureincluding:
• AR-15-57c2:29.5m@5.89%U3O8
• AR-15-57c3:50.5m@2.74%U3O8
A Look at Arrow From Underground
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Northeast NorthwestSoutheast Southwest
MadewithLeapfrogsoftwareanda0.05%U3O8cut-off.NoNI43-101hasbeenpublishedfortheArrowzonetodate.
Arrow: Perspective on Scale
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CNTowerTotalheight:553m(~2/3rdsheightofArrow)
ArrowTotalheight:820m(startingfrom100mofsurface)
MadewithLeapfrogsoftwareanda0.05%U3O8cut-off.NoNI43-101hasbeenpublishedfortheArrowzonetodate.
▷Arrowremainsopenineverydirectionandatdepth.
The Eagle Point Analogy
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▷EaglePointisoneofthreeoperatinguraniummines inCanadaandisowned100%byCameco• RabbitLakecamphasproducedover198Mlbssinceoperations beganin1975.
▷100%basement-hosted (likeArrow)andminedusingblasthole stoping(nofreezing).
1.)NexGen hasnotverifiedtheinformationregardingEaglePointandinformationregardingEaglePointisnotnecessarilyindicativeofmineralizationatRookI.SeeCameco Corp.
Timeline
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H1/2016
30,000mwinterdrillingcommenced
---Finalassaysfrom
summer2015drilling---
Beginmetallurgical,geotechnical,
hydrogeologicaltesting---
Releasemaidenresourceestimate
forArrow
H2/2016
Completewinter2016drilling---
Largesummer2016drillingandcontinuedenvironmentalworkin
preparationforpermitting
---Ongoingtestworkto
formbasisofeconomicstudy
2017
Winterandsummerdrill campaigns
---Ongoingbaseline
monitoring,metallurgical,
geotechnicalandhydrogeological
studies---
Economicstudybyend2017touseasbasisforpermitapplication
Bow: Brand New Discovery
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▷ Brandnewhigh-gradeuraniumdiscovery3.8kmnortheastalongtrendfromArrow.
▷ Follows‘pearlsonastring’patternofuraniumdiscoveries seenontheEasternAthabascaBasin.
▷ Currentlydefinedashavingstrikelengthof350mandremainsopeninalldirections.
▷ Aggressivefollow-updrillingplannedforwinter2016.
▷ Highlights include::• BO-15-10:9.5m@
0.20%U3O8,including1.0m@1.44%U3O8
Multiple High-Impact Regional Targets
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▷ ThegeophysicalsignatureofArrowisreplicatednumeroustimesacrosstheRookIlandpackage
▷ Multiple targetsalongtrendfromArrowtothenortheastandsouthwestandadditionallymanyArrow‘look-a-like’exploration targetsontheDerkson Corridorwhichremainslargelyuntested.
Eastern Property Portfolio
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▷ NexGen holdsinterestsinhighlyprospectiveassetsinthehistoricEasternAthabascaBasin.
▷ Radio:AdjacenttoandalongstrikeofRoughriderdepositwhichwasacquiredbyRioTintoinFebruary2012for$654millioncash.
▷ Thorburn Lake:Located7kmeastandontrendwithCigarLake,theworld’shighestgradeuraniummine(2Preserves234.9Mlbs– 597.2Kt@17.84%U3O8).Nineoffifteenhistoricdrillholeshaveintersecteduraniummineralization withdeepestholeonlygoing10-15mintothebasement.
▷ Madison&2ZLake:Containsshallowsandstonehosteduraniummineralizationandhaspotentialforbasementhostedmineralization.
Management
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Name ExperienceLeighCuryer - CEO ▷ CharteredAccountant with+20yearsexperienceandex-CFOof
SouthernCross Resources(nowUraniumOne)▷ Managed exploration,feasibilityandpermittingofHoneymoon
UraniumProjectinSouthAustralia▷ Ex-HeadCorproate DevelopmentatAccordNuclearResources
Managementassessing globaluraniumassetsforFirstReserveInternational
GarrettAinsworthBSc,PGeo – VPExploration
▷ Professional geologistandformerProjectManagerforAlphaMinerals-Fission 50/50JVonPattersonLakeSouthprojectfrom2007to2013
▷ Stakedclaims,boulder prospecting andleddrillprogramsthatledtodiscovery ofR00E,R390EandR780Ezones
▷ WonAMEBC2014Colin SpenceAwardfordiscovery ofPattersonLakeSouth
TravisMcPherson– CorporateDevelopmentManager
▷ Ex-Head CorporateDevelopmentforTSX-listedgoldproducer▷ M&A,debtandequity, permitting,budgeting,investorrelationsand
corporatestrategyexperience
GraceMarosits - CFO ▷ CharteredAccountantwithpublic practiceandcorporateexperienceincludingDeloitte,Westcost EnergyandBallardPower
JoannaCameron– VPLegal ▷ Lawyerwith+20yearsexperienceinexploration andmining▷ Ex-partnerCassels Brock&BlackwellLLP
Board of Directors
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Name ExperienceChristopherMcFadden (Chairman) ▷ Lawyerwith+20yearsexperienceinexploration andmining
▷ CommercialGeneralMangerforRio Tinto
RichardPatricio ▷ Lawyer with+15yearscapitalmarketsexperience▷ CEOandPresidentofMegaUraniumandPinetree Capital
TrevorJ.Thiele ▷ CharteredAccountantwith+30yearsexperienceincapitalmarketsincluding CFOofmajorAustralianAgribusinesses (EldersandViterra)
CraigParry ▷ Geologistex-Rio Tinto,Oxiana LimitedandG-Resources▷ FoundingmemberofTigers RealmGroup
GerryFeldman ▷ CharteredAccountantwith+28yearsexperienceinpublicmarkets▷ Ex-partnerinanumberofaccountingfirms
JamesCurrie ▷ MiningEngineerwith+35yearsexperienceandcurrentCOOofPretium Resources
▷ WonAMEBC2014E.A.Scholz Awardfordevelopment ofNewAftonmineforNewGold
AndrewBrowne(TechnicalAdvisoryHead)
▷ Uraniumgeologistwith+43yearsexperience▷ Keymember ofexplorationteamsatJabiluka andRanger1No.3
Deeps
Capital Structure
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Shares Issued 286,884,616
FullyDiluted 329,446,790
Cash $34 million
Debt None
InsiderOwnership 5%
Shareholders ▷ 1832AssetManagement▷ Blackrock▷ Fidelity▷ Rosseau AssetManagement▷ RBCGlobal AssetManagement▷ CQSManagementLtd.
WarrantsOptions
▷ 20,532,728(weighted averagepriceof$0.59)▷ 22,049,446(weightedaveragepriceof$0.44)
1.)SharestructureasatDec.31,2015.CashasofJanuary7,2016.
Summary
nexgenenergy.com|TSX-V:NXE|JANUARY201628
✩ NexGen isledbyateamofhighlyexperienceduraniumprofessionalsthatspanthedisciplinesofexplorationthroughtoproduction.
People
✩ Arrowis100%land-basedandremainsopeninalldirectionsandatdepth(currently645mstrike,235mwidth,820mverticalextent(from100mofsurface).ShapinguptobeoneoftheWorld’spreeminenturaniumassetsintermsofpotentialsizeandscale.
Projects
✩ SaskatchewanCanadarated2nd bestminingjurisdictioninWorldbyFraserInstitutefor2015andisthesecondlargesturaniumproducingjurisdictioninWorldrepresenting16%ofglobalproduction.
Jurisdiction
Analyst Coverage
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Name FirmDavidSadowski ▷ RaymondJamesLtd.
TyronBreytenbach ▷ Cormark SecuritiesInc.
ColinHealey ▷ HaywoodSecurities Inc.
RobChang ▷ CantorFitzgeraldCanada
DavidTalbot ▷ DundeeCapitalMarkets
PhilSwifen ▷ Numis SecuritiesLtd.
Uranium - Demand
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▷ China represents the fastest growing demand for nuclear anywhere in World in three decades.
▷ Chinahas26reactorsoperating,25underconstruction,43plannedand136proposedversusthecurrentglobalreactor fleetof394.
▷ China’sgoalof58GWby2020and150GWby2030.
WorldNuclearAssociation,RaymondJamesLtd.
Uranium - Supply
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▷ 90% of global mine supply under severe technical or sovereign risk.
▷ Saskatchewanranked#2bestminingjurisdictionbyFraserInstitutein2015,but2of3operatingminesunderseveretechnical risk.
▷ Highconcentrationofsupplywithtop10minesaccountingfor+50%ofannualuraniumproduction.
WorldNuclearAssociation,RaymondJamesLtd.
Uranium - Outlook
nexgenenergy.com|TSX-V:NXE|JANUARY201633 WorldNuclearAssociation,RaymondJamesLtd.
▷ Demand is expected to outpace total uranium supply by 2018 whereby nuclear utilities will have to either turn off reactors (challenging and expensive) or pay higher prices for nuclear feed.
Directional Drilling
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▷ For the first time at Arrow, directional drilling was employed in summer 2015 which allows for multiple branches cut from a single pilot hole. This method uses no wedges and ensures pierce point targets are hit accurately.
▷ Estimatedcostsavingsofapproximately30%byno‘lostholes’andnore-drills.
▷ Enables fasterre-entryintomineralizedzonewhichhashelpedArrowdevelopatsuchpace.
Innovative Mining at Cigar Lake
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▷ Cigar Lake is World’s highest grade uranium mine, but comes with significant technical challenges.
▷ DuetofactorebodylocatedinwetandunconsolidatedSandstone450mbelowsurface,Cameco developedJetBoringminingsystemwhichrequires freezingthedepositandsurroundingrockandminingtheorewithhighlypressurizedwaterjets.
▷ ArrowisbasementhostedwhichmeansNOcomplicatedfreezingwouldberequiredasthemineralization ishostedsolelyinthecompetentbasementrocks.