Download to read offline
More Related Content
Similar to Nxe presentation april 2015 (nyc bos)
Nxe presentation april 2015 (nyc bos)
- 1. Arrow: A RapidlyGrowing Uranium Discovery | April 2015
- 2. Disclaimer Information Contained InThis 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. 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. 2
- 3. 3 Uranium Market (Demand) AStory of Stable Demand Growth and Uncertain Supply Nuclear Electricity Growth • 930 GW needed by 2050 to support existing global decarbonisation mandates • Will represent 17% of the global energy supply • Equates to a 2.3 times increase in nuclear energy demand in just 35 years Uranium Demand • Average demand growth estimated at 4% per year to 2024 Source: International Energy Agency (2015)
- 4. 4 Uranium Market (Demand) Investmentand Reactor Builds • Currently 437 nuclear reactors in operation globally • As of April 2015, 65 nuclear reactors are under construction • China: 26 currently, 23 under construction, 187 in planning/proposal phase • China Nuclear Power Corp. “looking to invest in Canada in the near future” (Dec. 2014) • Another 496 reactors are in the planning/proposal phase 1.) Graph: International Energy Agency (2015) 2.) World Nuclear Association (2015) 1 2
- 5. 5 Uranium Market (Supply) Lackof Economic Deposits • In 2014 world uranium consumption was 155Mlbs while mine supply accounted for 147Mlbs • +20Mlbs from HEU agreement (now over) • Estimated supply gap of nearly 100Mlbs per year by 2030 • 11 of top 15 uranium mines are in unstable jurisdictions (Russia, Kazakhstan, Niger) End of HEU agreement in 2013 removed the equivalent of McArthur River’s annual production from supply 1.) World Nuclear Association (2015) 2.) World Nuclear Association estimate of 97,450tU demand and 53,000 tU supply in 2030 1 2
- 6. 6 The Athabasca Basin TheSource of Future Supply 1.) World Nuclear Association (2015) 2.) Cameco Corp. 3.) Based on US$45/lb U & US$1,300/oz Au Remember: 1.00% U3O8 equals 23.50 g/t gold! • Global average resource grades ~0.10% U3O8 • Athabasca Basin mines produce at over 100X global average resource grade • McArthur River produced 18.6Mlbs at 14.87% U3O8 in 2014 1 2 3
- 7. 7 Project Overview Focus: High-tonnage,high-grade, technically superior assets in shallow sections of the Athabasca Basin Portfolio Characteristics • Straddles the edge and inside of the Athabasca Basin • Enables NexGen to find basement-hosted, unconformity-hosted and sandstone-hosted mineralization • Hosts the land-based Arrow discovery
- 8. 8 Arrow Discovery Rook IProject Location & Conductor Corridors • Most dominant land position in the Southwest Athabasca Basin • Arrow discovered I February 2014 with 1st drill hole in target • Land-based discovery located inside the Athabasca Basin boundary • Basement-hosted high- grade mineralization that continues to grow in all directions and at depth Rook I hosts all the known uranium bearing conductor corridors in the region Bow Discovery
- 9. 9 Arrow Drilling 40 of42 Drill Holes Intersected High-grade Uranium Mineralization NexGen’s Drilling Methodology: 1. Wide step-outs 1. Angled Holes: 90% of holes drilled are angled 2. Efficient capital allocation: $8 into the ground for every $1 of G&A Results: Current Area of Mineralization: • Length x width 515 m x 215 m • Depth 100 m to 905 m
- 10. 10 Arrow: A2 &A3 Shears 2 High-grade shear zones now identified at Arrow • A3 shear zone discovered in February 2015 • Both A2 and A3 Zones remain open in every direction A2 Dimensions: • 88m strike length • 340m vertical extent • 11-27.5m true width A3 Dimensions: • 73m strike length • 420m vertical extent • 30-78.6m true width
- 11. 11 2015: Expansion ofA2 Shear • 2015 drilling continues to expand dimensions of A2 high-grade shear • AR-15-41 (angled): • 202.2m total composite mineralization including 24.52m off-scale (>10,000cps to >61,000cps) in both A2 and A3 • Intersected 8.12m off-scale (10,000cps to >61,000cps) in the A2 shear • AR-14-30 (vertical): • 186.9m total composite mineralization including 53.85m off-scale (>10,000cps to >61,000cps) • AR-15-34b (angled): • 70.0m at 2.2% U3O8 including 11.0m at 8.95% U3O8 • Confirms grade continuity in A2 shear
- 12. 12 A2 Shear: AR-14-30 HoleAR-14-30 ranks as one of the best holes ever drilled in the Athabasca Basin
- 13. 13 2015: A NewHigh-grade Shear Found • February 24, 2015 discovery of new high-grade mineralized shear zone; A3 • AR-15-41 (angled): • Intersected 15.85m off-scale (>10,000cps to >51,000cps) within the A3 shear • AR-15-39w: • 124.5m total composite mineralization including 8.35m off-scale (>10,000cps to 53,000cps) • Holes to date in A3 shear show it to be significantly larger than A2
- 14. 14 The Eagle PointAnalogy Eagle Point is an underground mine operated by Cameco - Eagle Point current mineral reserves: 15.2Mlbs at 0.61% U3O8 - Underground mine using longhole stoping in the competent basement rock - Eagle Point deposits are located on the eastern edge of the Athabasca Basin, and are part of the Rabbit Lake Uranium district which also includes the Rabbit Lake and Collins Bay deposits. - Rabbit Lake District produced +198Mlbs of uranium concentrates since production began in 1975 1.) Cameco Corp. 1 1
- 15. 15 Dravite Breccia –McArthur River & Arrow 1.) Cameco Corp. Arrow: AR-14-15 422.25m Dravite associated (or proximal) to mineralization McArthur River: Dravite-Chlorite-filled Breccias associated with high-grade mineralization 1
- 16. 16 Bow: New Discovery3.7km NE of Arrow BO-15-10: • 2.5m total composite mineralization including 0.10m off-scale (>10,000cps to >10,200cps) • 66m step-out to east of BO-15- 02
- 17.
- 18. 18 Patterson Conductor Corridor Multipletargets along 7kms of conductor corridor BO-15-10, -02 drilled into coincident VTEM conductor and radon in lake water anomaly with peak reading of 36.0pCi/L
- 19. 19 Fury Target Area •Six high priority targets based on the same geophysical signature as Arrow • Land-based • Depth to basement ranges from 10 to 20 meters • Follow-up drill target for summer 2015
- 20. 20 Eastern Athabasca BasinPortfolio High Quality Portfolio: 1. Radio: located directly adjacent to and long strike of Roughrider, Rio Tinto acquired for $654M in February 2012. 2. Thorburn Lake: 9 of 15 drill holes have intersected uranium mineralization. 3. Madison and 2Z Lake: contain shallow (<100m thick) sandstone-hosted uranium mineralization, and is along strike from U-mineralized conductors. Represent good potential for discovery of new basement-hosted uranium deposits.
- 21. 21 Capital Structure Shares Issued& Outstanding 195,758,536 Warrants ($0.425 - $0.65) 23,911,666 Options ($0.30 - $0.46) 18,152,303 Fully Diluted 237,822,505 Cash ~$14M Ownership Tigers Realm Minerals & Associates Mega Uranium Radio Optionors (2 - individually) ~17% ~16% ~7% 1.) As of April 01, 2015 2.) As of December 31, 2014. 1 2
- 22. 22 Executive, Board &Technical Team Executive Leigh Curyer Chief Executive Officer Garrett Ainsworth VP Exploration & Development Grace Marosits Chief Financial Officer Travis McPherson Corporate Development Manager Board Chris McFadden Chairman Richard Patricio Trevor Thiele Craig Parry Gerry Feldman James Currie Directors Technical Team Garrett Ainsworth VP Exploration & Development Adam Engdahl Project Manager - Saskatchewan James Sykes Senior Geologist Technical Advisory Andrew Browne former VP Exploration & Development Craig Parry Director Strong team with a successful track record in uranium exploration and development.
- 23. 23 NexGen Summary • Arrow,a world-class uranium discovery • 40 of 42 holes drilled intercepted mineralization • Aggressive and deliberate drilling methodology • Area of mineralization 515 m x 215 m, vertical extent commencing from 100 m down to 905 m • Two High Grade Shear Zones A2 & A3 • Expansion of A2 high-grade shear and discovery of A3 which already looks significantly larger than A2 • New discovery made 3.7km northeast of Arrow called Bow • Well financed $14 million • Currently drilling 20,000m winter program
- 24.