VANCOUVER, April 14,
2016 /CNW/ - NexGen Energy Ltd. ("NexGen" or the
"Company") (TSXV:NXE, OTCQX:NXGEF) is pleased to
report that today it filed a technical report (the "Technical
Report") prepared in accordance with National Instrument 43-101
– Standards of Disclosure for Mineral Projects" ("NI
43-101"). The Technical Report supports the disclosure
made by the Company in its March 3,
2016 news release announcing a maiden inferred mineral
resource estimate for the Arrow Deposit of 201.9 M lbs at 2.63%
U3O8.
There are no material differences in the mineral
resource estimate contained in the Technical Report from that
disclosed in the news release.
The Technical Report bearing an effective date of
April 13, 2016 is entitled:
"Technical Report on the Rook I Property, Saskatchewan, Canada" and was prepared by
Mr. Mark Mathisen, C.P.G., Senior
Geologist at RPA and Mr. David Ross,
P.Geo., Director of Resource Estimation and Principal Geologist at
RPA. Both are independent of NexGen and "qualified persons" for the
purposes of NI 43-101.
The Technical Report is available for review
under the Company's profile on SEDAR (www.sedar.com) and on the
Company's website (www.nexgenenergy.ca).
About NexGen
NexGen is a British
Columbia corporation with a focus on the acquisition,
exploration and development of Canadian uranium projects. NexGen
has a highly experienced team of uranium industry professionals
with a successful track record in the discovery of uranium deposits
and in developing projects through discovery to production.
NexGen owns a portfolio of highly prospective
uranium exploration assets in the Athabasca Basin, Saskatchewan, Canada, including a 100%
interest in Rook I, location of the Arrow Discovery in February 2014. Rook I also hosts the Bow
Discovery which is 3.7 km along trend and northeast of Arrow and
was made in March 2015.
The Mineral Resource Estimate
The effective date of the mineral resource
estimate is January 14, 2016.
The mineral resource estimate is reported at a cut-off grade of
0.25% U3O8, based on a long-term price of
US$65 per lb
U3O8 and estimated mining costs. For a
description of the key assumptions, parameters, and methods used to
estimate the mineral resource please refer to the Technical Report
(as defined above).
Scientific and technical information in this news
release has been reviewed and approved by Garrett Ainsworth, NexGen's Vice-President,
Exploration and Development, a "qualified person" for the purposes
of NI 43-101.
The TSXV has neither approved nor disapproved
the contents of this press release. Neither the TSXV nor its
Regulation Services Provider (as that term is defined in the
policies of the TSXV) accepts responsibility for the adequacy or
accuracy of this release.
Forward-Looking Information
This news release contains "forward-looking
information" and "forward-looking statements" within the meaning of
applicable Canadian securities legislation. Forward-looking
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 of an updated mineral resource estimate based on 2016
drilling, the cost and results of exploration activities, future
financings, the future price of uranium and requirements for
additional capital. Generally, forward-looking information and
statements can be identified by the use of forward-looking
terminology such as "plans", "expects", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates", or
"believes", or the negative connotation thereof or variations of
such words and phrases or state that certain actions, events or
results "may", "could", "would", "might" or "will be taken",
"occur" or "be achieved" or the negative connotation
thereof.
Forward-looking information and statements are
based on the then current expectations, beliefs, assumptions,
estimates and forecasts about NexGen's business and the industry
and markets in which it operates. Forward-looking information and
statements are made based upon numerous assumptions, including
among others, that the results of planned exploration activities
are as anticipated, the price of uranium, the cost of planned
exploration activities, that financing will be available if and
when needed and on reasonable terms, that third party contractors,
equipment, supplies and governmental and other approvals required
to conduct NexGen'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
Corporation in providing forward looking information or making
forward looking statements are considered reasonable by management
at the time, there can be no assurance that such assumptions will
prove to be accurate.
Forward-looking 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 forward-looking information or statements,
including, among others, negative operating cash flow and
dependence on third party financing, uncertainty of the
availability of additional financing, the risk that pending assay
results will not confirm previously announced preliminary results,
imprecision of mineral resource estimates, the appeal of alternate
sources of energy and sustained low uranium prices, aboriginal
title and consultation issues, exploration risks, reliance upon key
management and other personnel, deficiencies in the Corporation's
title to its properties, uninsurable risks, failure to manage
conflicts of interest, failure to obtain or maintain required
permits and licenses, changes in laws, regulations and policy,
competition for resources and financing, and other factors
discussed or referred to in the Company's Annual Information
Form dated April 13, 2016 under "Risk
Factors".
Although NexGen has attempted to identify
important factors that could cause actual actions, events or
results to differ materially from those described in
forward-looking information or statements, there may be other
factors that cause actions, events or results not to be as
anticipated, estimated or intended.
There can be no assurance that such
information or 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 forward-looking information or statements.
The forward-looking information and statements contained in this
news release are made as of the date of this news release and,
accordingly, are subject to change after such date. NexGen does not
undertake to update or reissue forward looking information as a
result of new information or events except as required by
applicable securities laws.
SOURCE NexGen Energy Ltd.