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NexGen: Delivering the Energy of 1 the Future

NexGen: Delivering the Energy of 1 the Future10
1 NexGen: Delivering the Energy of the Future June 2017 –Corporate Presentation 2 Forward Looking Statement InformationContainedInThisPresentation 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 representationtothecontraryisanoffence. 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 beenverifiedbyNexGen.Exceptasotherwisestated,informationincludedinthispresentationisgivenasof thedatehereof.Thedelivery of thispresentationshall notimply thattheinformationhereiniscorrectasofany dateafterthe datehereof. Alldollaramountsreferencedherein,unlessotherwiseindicated,areexpressedinCanadiandollars. CautionaryNoteRegardingForwardlookingInformation This presentation contains "forwardlooking information" and “forward looking statements” within the meaning of applicable Canadian securities laws. Forwardlooking information and statements include, but are not limited to, statements with respect to, planned exploration activities, the future interpretation of geological information; the anticipated timing for an updated mineral resource estimate based on 2016 drilling, growth potential and cost of such exploration activities, future financings, the future price of uranium and requirements for additional capital. Generally, but not always, forward lookinginformation and statements can be identified by the use of words such as “plans”, “expects”,“isexpected”,“budget”,“scheduled”,“estimates”,“forecasts”,“intends”,“anticipates”, or“believes” orthe negativeconnotationthereof orvariationsof suchwordsandphrasesorstatethatcertainactions, eventsorresults “may”,“could”,“would”,“might”or“willbetaken”,“occur”or“beachieved”orthenegativeconnationthereof. Forwardlooking information and statements are based on the then current expectations, beliefs, assumptions, estimates and forecasts about the Company’s business and the industry and markets in which it operates. Such forward informationandstatementsarebasedonnumerousassumptions,includingamongothers,thattheresultsofplannedexplorationactivitiesareasanticipated,thepriceofuranium,thecostofplannedexplorationactivities,thatfinancing will be available if and when needed and on reasonable terms, that third party contractors, equipment and supplies and governmental and other approvals required to conduct the Company’s planned exploration activities will be available on reasonable terms and in a timely manner and that general business and economic conditions will not change in a material adverse manner. Although the assumptions made by the Company in providing forward looking informationormakingforwardlookingstatementsareconsideredreasonablebymanagementatthetime,therecanbenoassurancethatsuchassumptionswillprovetobeaccurate. Forwardlooking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual results, performances and achievements of NexGen to differ materially from any projections of results, performances and achievements of NexGen expressed or implied by such forwardlooking information or statements, including, among others: negative operating cash flow and dependence on third party financing, uncertainty of additional financing, assay results may not be consistent with preliminary results, uncertainty of mineral estimation, alternative sources of energy, aboriginal title and consultation issues, potential forfeiture of Radio Option Agreement, reliance on key management and other personnel; potential downturns in economic conditions; actual results of exploration activities being different than anticipated; changes in exploration programs based upon results; availability of third party contractors; availability of equipment and supplies; failure of equipment to operate as anticipated; accidents, effects of weather and other natural phenomena and other risks associated with the mineral exploration industry; changes in laws and regulations; community relations; and delays in obtaining governmental or other approvals, competition, uninsurable risks and other factors discussed or referred to in the Company’s MDAandotherdisclosuredocumentsfiledonandavailableatwww.sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those contained in the forwardlooking information or implied by forwardlooking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forwardlooking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forwardlooking statements or information. NexGen undertakes no obligation to update or reissueforwardlookinginformationasaresultofnewinformationoreventsexceptasrequiredbyapplicablesecuritieslaws. Thefootnotes,endnotesandappendicestothispresentationcontainimportantinformation. Theendnotesandappendicesarefoundattheendofthepresentation. TechnicalInformation Thescientificandtechnicalinformationinthispresentationhasbeenpreparedorapprovedby GarrettAinsworth,P.Geo.,VicePresident–ExplorationDevelopment,a“qualifiedperson” withinthemeaningofNationalInstrument43 101 – Standards of Disclosure for Mineral Projects. Mr. Ainsworth reviewed the data disclosed in this presentation, including the sampling, analytical and test data underlying the information contained in this presentation. Mr. Ainsworth verified that the results are accurate by reviewingthe official assay certificates provided to the Company. For a description of the Company’s quality assurance program and quality control measures, type of samples, sample intervals, relevant analytical values and testing procedures please refer to the “Technical Report on the Rook I Property, Saskatchewan Canada” having an effective date of March 31, 2017, filed under the Company’s profile at www.sedar.com.3 Our Mission: To become the world’s leading supplier of mined uranium.4 34 Why Uranium 1 Million Deaths Per Year in China Due to Air Pollution Source: World Health Organization5 Global Electricity Demand Growth Source: World Energy Outlook 2016, IEA6 Looming Supply Deficit7 Utilities’ Growing Uncovered Requirements • Post 2019 uncovered demand increases dramatically. • Estimated 1 billion pounds uncovered over next decade.8 Return to Contracting • Last major contracting period was 20052009 with many contracts rolling off over next few years. • Return to normalized contracting will mean return to normalized pricing. 9 High Sovereign Risk in Uranium Sector • Uranium supply geographically concentrated. • Potential supply disruptions from sovereign or technical sources.10 Leading Suppliers Cutting Production • Kazatompromannounced meaningful production cuts of at least 10. • Cameco, the Western world’s leading supplier of uranium, also announced production cutbacks from mines in Canada, U.S. and Kazakhstan. 11 NexGenOverview12 People NexGenis led by a team of highly experienced uranium professionals with experience spanning exploration through to production.13 Process NexGen–Setting Elite Standards: Extreme ownership of role Rigorous testing of strategy Disciplined capital allocation14 Projects NexGenoperates Canada’s largest developmentstage uranium project located in the world’s number 1 mining jurisdiction (Fraser Institute).Alberta 15 Overview: NexGen Projects Gunnar Lorado Athabasca Basin Projects NORTHWEST ATHABASCA Saskatchewan, Canada Scale 1:1 600 000 Projection NAD 1983 UTM Zone 12N RADIO Roughrider McClean Lake Midwest Lake Eagle Point " " Natona Bay Cluff Lake Collins Bay " NORTH THORBURN Rabbit Lake " Cigar Lake Shea Creek THORBURN LAKE MADISON 2Z LAKE McArthur River CARLSON CK. Spitfire Centennial Millennium Phoenix 905 t u " Patterson Lake " " South " " " ³ Dufferin Lake " " BOW, ARROW Maverick Legend HARPOON Key Lake ROOK I PROJECT " Discovery / Mineral Deposit DISCOVERIES Active or Depleted Uranium Mine NexGen Mineral Tenure 955 u t IsoEnergy Mineral Tenure Other Mineral Tenure 025 50 Athabasca Basin Margin Km IsoEnergy is a 72 owned subsidiary of NexGen CluffLake Mine 70 km to the northwest of Arrow, operated during the 90’s by AREVA16 Dominance in Southwest Arrow is the largest undeveloped uranium deposit in the Basin. Opportunity for more zones of mineralization across the property and is currently being tested.17 Updated Mineral Resource Estimate Updated Indicated Mineral Resource Estimate Tonnes Grade U3O8 Contained U3O8 A2High Grade 400,000 18.84 164,900,000 A2 790,000 0.84 14,500,000 Total Indicated 1,180,000 6.88 179,500,000 Updated InferredMineral Resource Estimate Tonnes Grade U3O8 Contained U3O8 Total Inferred 4,250,000 1.30 122,100,000 Notes: 1. CIM Definition Standards were followed for Mineral Resources. 2. Mineral Resources are reported at a cutoff grade of 0.25 U O based on a longterm price of US65 per lbU O and estimated costs. 3 8 3 8 3. A minimum mining width of 1.0 m was used. 4. Numbers may not add due to rounding. 5. Effective date: December 20, 201618 Canada’s Largest High Grade Uranium Deposits Source: All information is sourced from issuers websites and has not been verified. All amounts are net amounts owned by operator.19 +100Mlb High Grade Deposits in Canada Source: All information is sourced from issuers websites and has not been verified. Cigar Lake and McArthur River grades are reserve grades.20 The Arrow Advantage 100 m 10 m competent Sandstonehosted deposits (egress type) Arrowis a basementhosted zone tend to have mining challenges due to (ingress type) which NexGen the mineralization is ‘perched’ within anticipates will notrequire freezing the unconsolidated and wet Athabasca to extract due to competent ground Sandstone unit requiring freezing. setting.21 Arrow: Plan View Current plan view of Arrow deposit. Currently consists of 5 vertical parallel shears; A1, A2, A3, A4 and A5 that trend along strike northeasttosouthwest. Currently drill testing to define boundaries at Arrow by aggressively stepping out along strike as well as infilling known area of mineralization. Arrow is open in most directions and at depth. New northeast extension discovered in A2 and A3 shears representing large potential resource growth areas. 22 Arrow: Isometric Cross Section In just 12 months of drilling NexGenconverted 89 of Inferred resource into Indicated resources. This infilling also grew the A2 High Grade Domain from 120.5Mlbs grading 13.26 U3O8 contained within 410Kt to 164.9Mlbs grading 18.84 U3O8contained within 400Kt.23 Unlocking New High Grade Zones in A2 Winter 2017 drilling unlocking new high grade zones within A2 shear to northeast in previously untested area. Highly prospective for material future resource growth potential in the A2 and A2 High Grade Domain. Hole AR17119c1 drilled 120 m northeast of maiden A2 resource grade shelland intersected 21.5 m of total composite mineralization including 1.15 m of offscale.24 UpDip Northeast Extension of A3 Winter 2017 drilling has already intersected most intense mineralization encountered in A3 shear to date. Building on Inferred A3 High Grade Domainof 28.2Mlbs grading 8.74 U3O8contained within 150Kt. Updip northeast extension of A3 represents large potential future resource growth area. Infilling of A3 continues to confirm continuity as well as expand area of mineralization.25 2017 Drilling Target Areas Targeting high impact areas near Arrow Deposit. Significant potential within kilometres of Arrow which remains largely untested. Focus to be on both growing and infilling Arrow, combined with efficiently drill testing high priority targets proximal to Arrow.26 The Next 12 Months H2/2017 2016 H1/2017 Summer 2017 drill Drilled 96,996 m at Complete 35,000 m program Rook I in 2016 2017 winter drill program Continued advanced Metallurgical, environmental and geotechnical, Released Updated engineering test work hydrogeological Resource Estimate testing undertaken Release Maiden Advanced site Independent Released Maiden characterization and Preliminary Economic Resource Estimate geotechnical drilling Assessment Well funded: C58M in treasury to finance programs into the future.27 Local Prosperity Programs28 Responsible Development NexGen is committed to building strong relationships with local Saskatchewan communities. Some of our programs include: • Camp Quest: Mining Rocks Earth Science Program. • La Lochegrade 4 field trips. • Camp dog fostering program. • Student apprenticeship programs. • Strict focus on the environment, community and safety.29 Site Infrastructure30 Access Road and Bridge31 Kitchen, Office, Safety32 Contact Information For more information please visit: www.nexgenenergy.caor contact: Travis McPherson–Corporate Development Manager Phone: +1.604.428.4112 Email: tmcphersonnexgenenergy.ca33 Appendices34 Capital Structure Shares Issued 312,646,239 Fully Diluted 345,637,352 Cash C58million Insider Ownership 5 Shareholders • CEF Holdings (LiKashing) • 1832 Asset Management • Blackrock (UK) • RosseauAsset Management • SegraCapital Management LLC • CQS Management Ltd. •Haywood Securities Options 32,991,113 CEF Conversion 25,794,248 (conversionprice of US2.35) Share Structure and Cash as at June 1, 201735 Management Name Experience Leigh Curyer • Chartered Accountantwith +20 years experience and exCFO of Southern CEO Cross Resources (now Uranium One) • Managedexploration, feasibility and permitting of Honeymoon Uranium Project in South Australia • ExHead Corporate Development at Accord Nuclear Resources Management assessing global uranium assets for First Reserve International Garrett Ainsworth BSc, • Professional geologist and former Project Manager for AlphaMinerals PGeo–VP Exploration Fission 50/50 JV on Patterson Lake South project from 2007 to 2013 • Staked claims, boulder prospectingand led drill programs that led to discovery of R00E, R390E and R780E zones • Won AMEBC 2014 Colin Spence Award for discovery of Patterson Lake South Travis McPherson • ExHeadCorporate Development for TSXlisted gold producer VPCorporate • MA, debt and equity,permitting, budgeting and corporate strategy Development experience36 Management (Continued) Grace Marosits • Chartered Accountant with public practice and corporate experience CFO including Deloitte, Westcoast Energy and Ballard Power Joanna Cameron • Lawyer with +20 years experience in explorationand mining VP Legal • Expartner CasselsBrock Blackwell LLP37 Board of Directors Name Experience Christopher McFadden Lawyer with +20 years experience in explorationand mining (Chairman) Commercial General Manger for RioTinto Richard Patricio Lawyerwith +15 years capital markets experience CEO and President of Mega Uranium Trevor J. Thiele Chartered Accountant with +30 years experience in capital markets including CFO of major Australian Agribusinesses (Elders and Viterra) Craig Parry Geologist exRioTinto, OxianaLimited and GResources Founding member of TigersRealm Group Dr. Mark O’Dea Geologistwith +20 years experience in discoveries, development, mining and MA Cofounder of Fronteer, Aurora, TrueGold Mining sold for 2.3Bn, 260M and 240M, respectively 38 Advisory Board Charles Scorer +25years commercial and operational experience in nuclear fuel market (Uranium Marketing) Founder and exCEO of NufcorInternational Andrew Browne Uranium geologist with +43 years experience (Technical Advisory Head) Key memberof exploration teams at Jabilukaand Ranger 1 No. 3 Deeps39 Updated Mineral Resources Updated Indicated Mineral Resource Estimate Tonnes Grade U3O8 Contained U3O8 A2High Grade 400,000 18.84 164,900,000 A2 790,000 0.84 14,500,000 Total Indicated 1,180,000 6.88 179,500,000 Updated Inferred Mineral Resource Estimate Structure Tonnes Grade U3O8 Contained U3O8 A1 860,000 0.76 14,300,000 A2High Grade 30,000 12.72 8,600,000 A2 1,100,000 0.76 18,500,000 A3 High Grade 150,000 8.74 28,200,000 A3 1,460,000 1.16 37,300,000 A4 550,000 1.07 12,900,000 180 m SW 110,000 0.94 2,300,000 Total Inferred 4,250,000 1.30 122,100,000 Notes: 1. CIM Definition Standards were followed for Mineral Resources. 2. Mineral Resources are reported at a cutoff grade of 0.25 U O based on a longterm price of US65 per lbU O and estimated costs. 3 8 3 8 3. A minimum mining width of 1.0 m was used. 4. Numbers may not add due to rounding. 5. Effective date: December 20, 201640 End Notes TechnicalDisclosure A total of 5,647 bulk density measurements have been collected on drill core samples. The General measurements show a strong relationship between uranium grade and density at the Arrow deposit, with higher grade samples being more dense than lower grade samples. Therefore, the uranium grade was used to estimate the density of samples without density measurements, this was done The mineral resource estimate referred to/summarized herein was prepared by RPA Inc. (“RPA”), an with a polynomial formula which is based on a regression fit. Densities were then interpolated into independentconsultingcompany. the block model to convert mineralized volumes to tonnage, and were also used to weight the uranium gradesinterpolatedintoeachblock. Drilling,SamplingandAnalytical The resulting blockmodel was validatedby visual inspection, volumetric comparison, swath plots, and The updated Arrow Deposit Mineral Resource is defined by a total of 200 diamond core drill holes. blockgradeestimationusinganalternativemethod. As well,themeanblockgradeat zero cutoffwas The drill hole spacing for Indicated Mineral Resource is approximately 25 m x 25 m, and hole spacing comparedtothemeanofthecompositedassaydatatoensureno globalbias. for Inferred Mineral Resource is approximately 50 m x 50 m. All of the core collected is NQ sized (47.6 mm diameter). Mineralized intervals (defined as greater than 500 cps using handheld RS120 QualifiedPersons scintillometer) were split onsite in 0.5 m and 1.0 m intervals and transported by company personnel to SRC Geoanalytical Laboratories (an SCC ISO/IEC 17025: 2005 Accredited Facility) of Saskatoon for geochemical analysis and U3O8 assay. Most samples were analyzed using ICPMS (Inductively The Mineral Resource Estimate was completed by Mr. Mark Mathisen, C.P.G., Senior Geologist at RPA Coupled Plasma – Mass Spectrometry) for trace elements after partial and total digestions, plus ICP and Mr. David Ross, P.Geo., Director of Resource Estimation and Principal Geologist at RPA. Both are OES (Inductively Coupled Plasma – Optical Emission Spectrometry) for major and minor elements independent Qualified Persons in accordance with the requirements of National Instrument (NI) 43 after a total digestion, and fusion solution of boron by ICPOES. All mineralized samples for assay 101 and they have approved the disclosure herein. Additionally, the technical information in this were analyzed for U3O8 by ICPOES. Select samples were also analyzed for gold by fire assay. news release has been approved by Mr. Garrett Ainsworth, P.Geo., Vice President – Exploration Analytical results were only accepted after stringent internal QA/QC criteria had been passed. All Development for NexGen. Mr. Ainsworth is a qualified person for the purposes of NI 43101 and has gradedata usedintheMineral Resourceestimatewereobtainedfromchemicalassays,andno down verified the sampling, analytical, and test data underlying the information or opinions contained holeradiometric probedatawasused. hereinbyreviewingoriginal datacertificatesandmonitoringallofthedatacollectionprotocols. EstimationMethodology Additional Information Mineral Resources were estimated by Roscoe Postle Associates Inc. (RPA), an independent consulting For additional technical information on the Rook 1 Project, refer to the technical report titled company with substantial experience completing uranium Mineral Resource estimates in the “Technical Report on the Rook 1 Property, Saskatchewan Canada” having an effective date of March Athabasca Basin, and around the globe. The interpretation of the threedimensional mineralized 31,2017andnewsreleasesissuedsubsequentthereto. lenses (domains) was created in Leapfrog software, directly from the drill hole data using a threshold of 0.05 U3O8. All wireframes were then exported to Vulcan software to ensure wireframes were “snapped”to the drill holesto ensurethatthe boundariesaccuratelycorrespondto selecteddrill hole intervals. Five high grade portions of the deposit were modelled in the A2 shear and two high grade portions of the deposit were modelled in the A3 shear. All higher grade wireframes were based on a threshold of 5.0 U3O8. The higher grade wireframes are located within and completely encompassed by a 0.05 grade shell within the A2 and A3 shears. Figure 1 is an isometric cross section of the wireframes. Drill hole assay data were composited to 1.0 m lengths within the wireframesandtaggedwiththecorrespondingdomaincode. Uranium (as U3O8) grades were interpolated with an ordinary kriging (OK) function for the A2 high grade and the 206 A2 enveloping domain. All other uranium grades (as U3O8) were interpolated using ID2 (inverse distance squared). All uranium grades were interpolated into a block model with blocks measuring 4 m (along strike) x 4 m (down dip) x 4 m (across strike), with subblocks to a minimumof1m x1m x1m. The grade shells were usedas hardboundaries,suchthat onlydrill hole data inside of any given domain could inform the blocks within that domain. Very high grade values were capped at 40 U3O8 within the A3 High Grade domain and grade caps ranged from 8 to 25 U3O8inthelower gradedomains.
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