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
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The Athabasca Basin
nexgenenergy.com|TSX-V:NXE|JANUARY20164
1.00%U3O8=23.50g/tAu
Duetocoststructureofnewuranium
production, incentivepricefornewmines+US$70/lbU3O8
Averageresourcegradesinthe
AthabascaBasin>100xglobal average
TwoofthreeminesinCanadaareunderseveretechnicalriskduetogeologicalcharacteristics.
WorldNuclearAssociation(2015),RaymondJamesLtd.BasedonUS$45/lbU&US$1,300/oz Au
Athabasca Basin Setting
nexgenenergy.com|TSX-V:NXE|JANUARY20165
▷ 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.
CompanyReports,NexGen Energy
Southwest Athabasca Basin
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Focus: Discoveranddevelophigh-gradeuraniumassetswithglobalscaleandtechnicalsimplicity inthemosttimeandcostefficientmannerpossible.
▷ Cluff LakeMine70kmtonorthwestofArrowoperatedover90’sbyAREVA
ImageCameco Corp.
Dominant Land Position
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▷ NexGen holdsthemostdominantlandpositionintheSouthwesternAthabascaBasinstraddlingandgoingintotheBasinboundaryandhostingall knownconductorcorridors.
▷ Potentialforallthreedeposittypes:basement-hosted(Arrow),unconformity-hostedandsandstone-hosted.
Geophysical Success at Arrow
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▷ DisruptedVTEMconductor
▷ Edgeofmagneticgradient
▷ Withingravitylowanomaly
Project Overview
nexgenenergy.com|TSX-V:NXE|JANUARY20169
▷ NexGen hasemployedauniqueapproachtodrillingArrowwhichconsistsof:
• Widestep-outs:upto200metrestosystematically testthemineralization
• +95%angledholes:Arrowis4stackedparallel shearsenablingeachangledhole tointersect2-3shears
• Capitalallocation:NexGen puts$10intoexplorationforevery$1ofG&A
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>200to787
Best Angled Drill Holes in Basin
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▷ Arrow hosts the top 2 best angled holes drilled into basement-hosted mineralization in the Athabasca Basin (based on continuous grade X thickness on public record).
▷ Only82drillholesintoArrowyethasalreadyintersected3separateholeswith>600continuousGTs.
1.)CompanyReports,Dundee,NexGen
A3 High-Grade Core Zone
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▷ A3shearzonediscoveredinwinter2015drilling.
▷ Remainsopeninalldirectionsandatdepth.
▷ Broadandcontinuoushigh-grademineralizationencounteredthroughoutA3.
▷ Recent interceptscontinuetoproveuphigh-gradenatureincluding:
• AR-15-61c2:[email protected]%U3O8
• AR-15-57c3:[email protected]%U3O8
Unprecedented Speed of Development
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▷Summer2014(A2) ▷Winter2015(A2) ▷Summer2015(A2)
▷Winter2015(A3) ▷Summer2015(A3)
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
nexgenenergy.com|TSX-V:NXE|JANUARY201618 1.)NexGen hasnotverifiedtheinformationregardingEaglePointandinformationregardingEaglePointisnotnecessarilyindicativeofmineralizationatRookI.SeeCameco Corp.
▷ Cameco’s Eagle Point mine mined usingtraditional methods (blasthole stoping)
▷ Rabbit Lake produced 198Mlbs since1975
Timeline
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H1/2016
30,000mwinterdrillingcommenced
---Beginmetallurgical,
geotechnical,hydrogeological
testing---
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.
▷ Winter2016drillingwillfocusonPattersonTrend.
▷ Highlights include::• BO-15-10:9.5m@
0.20%U3O8,[email protected]%U3O8
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|JANUARY201624 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.
Summary
nexgenenergy.com|TSX-V:NXE|JANUARY201625
✩ NexGen isledbyateamofhighlyexperienceduraniumprofessionalsthatspanthedisciplinesofexplorationthroughtoproduction.
People
✩ Arrowis100%land-basedandremainsopeninalldirectionsandatdepth(currently645mstrike,235mwidth,820mverticalextent(from100mofsurface).ShapinguptobeoneoftheWorld’spreeminenturaniumassetsintermsofpotentialsizeandscale.
Projects
✩ SaskatchewanCanadarated2nd bestminingjurisdictioninWorldbyFraserInstitutefor2015andisthesecondlargesturaniumproducingjurisdictioninWorldrepresenting16%ofglobalproduction.
Jurisdiction
Contact
nexgenenergy.com|TSX-V:NXE|JANUARY201626
▷Formoreinformationplease visit:www.nexgenenergy.ca orcontact:
TravisMcPherson – CorporateDevelopment ManagerPhone:+1.604.428.4112Email:[email protected]
Capital Structure
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Shares Issued 287,845,820
FullyDiluted 334,541,790
Cash $33 million
Debt None
InsiderOwnership 5%
Shareholders ▷ 1832AssetManagement▷ Blackrock▷ Fidelity▷ Rosseau AssetManagement▷ RBCGlobal AssetManagement▷ CQSManagementLtd.
WarrantsOptions
▷ 19,611,524(weighted averagepriceof$0.60)▷ 27,084,446(weightedaveragepriceof$0.50)
1.)SharestructureasatJanuary31,2016.CashasofFebruary2,2016.
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
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.