High-Grade Uranium Intercepts at PCE Highlight Risks and Rewards for NexGen

Exceptional Uranium Grades Confirmed at Patterson Corridor East

NexGen Energy Ltd. has announced a breakthrough in its Patterson Corridor East (PCE) exploration program, delivering assay results that mark the company’s best discovery phase intercepts to date. Drillhole RK-25-232 yielded an impressive 15.0 meters grading 15.9% uranium oxide (U3O8), including standout intervals of 3.0 meters at 47.8%, 1.5 meters at 29.4%, and a remarkable 0.5 meters at 68.8%. These figures place the intercept among the highest-grade basement-hosted uranium veins globally, underscoring the growing significance of the PCE area.

Scale and Continuity Reinforce Exploration Potential

Complementing these results, drillhole RK-24-222, located 200 meters from RK-25-232, intersected 17.0 meters at 3.85% U3O8, including high-grade sub-intervals. Together, these findings confirm exceptional continuity and scale early in the discovery phase, a promising sign for the resource’s potential. The winter 2025 drilling campaign further bolstered confidence by adding nine new high-grade intercepts, bringing the total to 13 significant mineralized zones within the PCE.

Strategic Positioning Near Rook I Project

PCE lies just 3.5 kilometers from NexGen’s flagship Rook I Project, which is advancing through final federal approvals. This proximity suggests potential synergies in development and resource integration. CEO Leigh Curyer emphasized the importance of these results amid a global pivot toward nuclear energy, noting recent U.S. policy moves to accelerate nuclear power deployment. NexGen’s commitment to expanding uranium supply aligns with this growing demand, positioning the company as a key player in the sector.

Ongoing Exploration and Future Outlook

Vice President of Exploration Jason Craven highlighted how the assay results are refining NexGen’s 3D geological model of PCE, enabling more targeted drilling to expand and define high-grade zones. With 64 drillholes completed since discovery, totaling over 47,000 meters, and mineralization open in multiple directions, the exploration upside remains substantial. Drilling is set to resume on June 1, 2025, with assay results to be reported continuously, keeping investors and analysts closely engaged.

Challenges and Considerations

While the results are encouraging, NexGen faces typical exploration uncertainties, including assay backlogs at independent labs and the need for resource modeling to determine true mineralized thicknesses. Regulatory approvals for Rook I and market dynamics for uranium prices will also influence the project’s trajectory. Nonetheless, the high-grade nature of the intercepts and the strategic timing amid nuclear energy expansion provide a compelling narrative for NexGen’s growth story.