Presentation

1. Arrow: A Rapidly Growing Uranium Discovery | November 2015

2. Disclaimer
Information Contained In This Presentation
This presentati on is a summary descripti on of N exGen Energy Ltd. (“NexGen” or the
“Company”) and its business and does not purport to be compl ete. 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 review ed or in any w ay passed upon the document or the merits of the C ompany’s
securities and any representation to the contrary is an offence.
Except w here otherwise indicated, the information contai ned in this presentation has
been prepared by NexGen and there is no representation or w arranty by NexGen or
any other person as to the accuracy or completeness of the informati on set forth
herei n. This presentation incl udes i nformation on adjacent properties that w as
obtained from various publicly avail able sources referred to herein and the accuracy
and com pleteness of such informati on has not been verified by N exGen. Except as
otherwise stated, informati on included i n this presentation is given as of the date
hereof. Neither the delivery of this presentati on nor any sale made under the terms
described herei n shall imply that the informati on her ein 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 ForwardKlooking Information
Statements contai ned i n this presentation that are not current or historical factual
statements m ay constitute “forwardKl ooking information” within the m eaning of
applicabl e securities l aws incl udi ng statements with respect to the properti es, a
concurrent financing, our plans for expl orati on and development of our properties and
our fi nancial condition, operati ons and prospects. The forwardKlooking information
reflects current expectati ons r egarding future results, performance or achievements
and speaks only as of the date of this presentation. When used in this pr esentation,
forwardKlooking information can be identified by such words as “may”, “will”, “expect”,
“believe”, “pl an”, “proj ect”, “anticipate”, “intend”, “estimate” and other similar
terminology. Such forwardKlooking informati on i nvolves known and unknow n risks,
uncertainties and other factors that m ay cause the actual results, performance or
achievements of the Com pany 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 ar e not limited in any m anner to those risks
set forth i n this presentation under the headi ng “Risk Factors”, incl uding, the risk that
no miner alization will be i dentified on the R adi o and Rook I propertiesP the C ompany’s
dependence on third party financingP the C ompany’s limited operati ng historyP risks
inher ent i n explorati on activitiesP environmental and safety risks including increased
regul atory burdensP unexpected geological or hydrol ogical conditi onsP a possi ble
deteriorati on in political support for nuclear energyP changes in gover nment regul ations
and policies, incl udi ng trade laws and policiesP dem and for nucl ear powerP failur e to
obtain necessary permits and approvals from government authoritiesP w eather and
other natural phenomenaP and other explorati on, developm ent, operati ng, fi nancial
market and regulatory risks. The foregoing list of factors is not exhaustive.
The forwardKl ooking i nformation contained in this presentati on requires m anagement to
make certai n assumpti ons including with respect to the fi nancing and its ability to
successfully develop its properties. Although management of the Com pany believes
that the assum ptions underlying, and the expectations r eflected in, the forwardKlooking
informati on are r easonabl e, significant risks and uncertainties are i nvolved i n such
informati on. M anagement can give no assurances that its assumpti ons, estimates and
expectations will prove to have been correct. ForwardKlooking i nformation shoul d not
be read as guarantees of future performance or results, and will not necessarily be
accurate indicati ons of whether or not or the times at or by w hich such performance or
results will be achi eved. Many factors that are beyond the Com pany’s control could
cause actual results to differ materially from the results discussed in the forwardK
looking statements.
The technical informati on i n this presentation has been prepared i n accordance with
the C anadian regulatory requirements set out in N ational Instrum ent 43K101 and
reviewed on behalf of N exGen Energy Ltd., by Garrett Ainsworth, P.Geo., Vice
President – Exploration & Development, a qualified person.
2

3. 3
The$Athabasca$Basin
The$Source$of$Future$Supply
1.)$World$Nuclear$Association$(2015)
2.)$Cameco$Corp.
3.)$Based$on$US$45/lb$U$&$US$1,300/oz Au
Remember:'1.00%'U3O8'='23.50'g/t'gold!
• Global$average$
resource$grades$
~0.10%$U3O8
• Athabasca$Basin$
mines$produce$at$
over$100X$global$
average$resource$
grade
• McArthur$River$
produced$19Mlbs$
at$average$grade$
of$14.87%$U3O8$
in$2014$
1
2
3

4. 4
Project$Overview
Focus: HighKtonnage,]highKgrade, technically]superior]assets in]shallow]sections of]the]
Athabasca]Basin
Portfolio'Characteristics
• Straddles$the$edge$and$inside$of$the$Athabasca$Basin$
• Enables$NexGen to$find$basementShosted,$unconformityShosted$and$sandstoneS
hosted$mineralization
• Hosts$the$landSbased$Arrow$discovery

5. 5
Arrow$Discovery
Rook$I$Project$Location$&$Conductor$Corridors
• Most]dominant]land]
position]in]the]
Southwest]Athabasca]
Basin
• Arrow]discovered]Feb]
2014]with]1st drill]hole]
and]drilling]at]+90%]hit]
rate
• LandKbased]discovery]
located]straddling]and]
inside]the]Athabasca]
Basin]boundary
• BasementKhosted] highK
grade]mineralization]
that]grows]all]directions]
and]at]depth
Rook'I'hosts'all'the'known'uranium'bearing'conductor'corridors'
in'the'region

6. 6
Successful$Drilling$at$Arrow
+90%$of$Drill$Holes$Intersected$HighSgrade$Uranium$Mineralization
NexGen’s Drilling$
Methodology:
1. Wide$stepSouts
2. Angled$Holes:$90%]of]
holes]drilled]are]angled
3. Efficient$ capital$
allocation:$ 8:1]$]in]the]
ground]to]$]to]G&A
4. Incredible$hit$rate:$
+95%]of]holes]hit]
mineralization
Results:
Current$Area$of$
Mineralization:
• Length]x]width
645$m$x$235$m
• Depth
100$m$to$920$m

7. 7
Arrow:$A2,$A3$&$A4$Shears
Plan$View$of$Arrow$Zone

8. 8
A2:$Continues$to$ExpandDots$Represent$Middle$Point$of$Intercept$with$50m$Diameter$‘Halo’$Surrounding

9. 9
A2 Higher$Grade$SubSZone
Characterized$by$Substantial$Massive$and$SemiSMassive$ Pitchblende$

10. 10
A3:$HighSGrade$Shear$Developing
Dots$Represent$Middle$Point$of$Intercept$with$50m$Diameter$‘Halo’$Surrounding

11. 11
Arrow:$CrossSSection
• A2,$A3$&$A4$Shear$
Zones$remain$
open$in$every$
direction
• NE$extent$of$Arrow$
opened$up$with$
ARS15S40b$(11.5m$
at$0.99%$U3O8)
A2$Dimensions:
• 300m$strike$length
• 340m$vertical$extent
• 11K48.3m$true$width
A3$Dimensions:
• 295m]strike]length
• 420m]vertical]extent
• 30K78.6m]true]width
3 HighSgrade$Shear$Zones$Now$Identified$at$Arrow

12. 12
Athabasca$Basin$Setting

13. 13
The$Eagle$Point$Analogy
Eagle$Point$is$an$Underground$Mine$100%$Owned/Operated$ by$Cameco
K Eagle$Point$current$mineral$reserves:$15.2Mlbs$at$0.61%$U3O8.$$2014$annual$production$ of$4.2Mlbs$
K Underground$ mine$using$ longhole stoping in$the$competent$ basement$ rock
K Eagle$Point$$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.
K Rabbit$ Lake$District$produced$ +198Mlbs of$uranium$concentrates$since$production$ began$ in$1975$
1.)$Cameco$Corp.
1
1

14. 14
Dravite Breccia$– McArthur$River$&$Arrow
1.)$Cameco$Corp.
Arrow:$ARS14S15$422.25m$Dravite$associated$(or$proximal)$ to$mineralization
McArthur$River: DraviteSChloriteSfilled$ Breccias$associated$with$highSgrade$
mineralization
1

15. 15
Bow:$New$Discovery$3.7km$NE$of$Arrow
BOS15S10:
• 9.5m]@]0.20%]
U3O8]including]
1m]@]1.44%]
U3O8
• 66m]stepKout]to]
east]of]drill]hole]
BOK15K02
• 350m]strike]
length]which]will]
be]extensively]
followedKup]in]
winter]2016]drill]
campaign

16. 16
Patterson$Conductor$Corridor
Multiple$ Targets$Along$7km$Conductor$Corridor$to$NE$of$Arrow

17. 17
BOS15S10:$Visible$Pitchblende$

18. 18
Bow$Land$Drilling$Summer$2015

19. 19
High$Priority$Regional$Targets
• Multiple$
high$priority$
targets$
based$on$
the$same$
geophysical$
signature$as$
Arrow
• Drilled$first$
holes$into$
Derkson
Corridor$as$
NexGen
summer$
2015$and$
will$ followS
up$in$winter$
2016

20. 20
Eastern$Athabasca$Basin$Portfolio
High'Quality'Portfolio:'
1. Radio:$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)]
sandstoneKhosted]uranium]
mineralization,]and]is]along]
strike]from]UKmineralized]
conductors.]Represent]good]
potential]for]discovery]of]new]
basementKhosted]uranium]
deposits.

21. 21
NexGenSummary
• Arrow,]a]worldKclass]uranium]discovery]that]keeps]growing
• +95%]of]holes]hitting]mineralization
• Aggressive]and]deliberate]drilling]methodology]
• Area]of]mineralization]645$m$x$235$m,]vertical]extent]
commencing]from]100$m$down$to$920$m
• 3]highKgrade]shear]zonesP]A2,]A3$&$A4$identified]with]broad]
intercepts]of]highKgrade]uranium]encountered
• Arrow]remains]open]in]every]direction]and]at]depth.]
• A]brand]new]discovery]made]3.7km]northeast]of]Arrow]called]
“Bow”
• Well]funded]with]~C$18M$cash]on]hand
• Completed]33,000m]summer]2015]program]with]22$assays$
pending$– fully]funded]2016]winter]program]to]start]early]
January

22. 22
Arrow:$Perspective$on$Size
The$Empire$State$Building$next$to$Arrow
Empire$ State$Building$
Total]height:]443m$
(~54%]of]Arrow’s]height)
Arrow
Total]height:]820m$
(starting]from]100m]of]
surface)
Image$made$via$Leapfrog$ software$using$latest$drill$
data$from$ Arrow$ zone$and$a$0.05%$U3O8$ cutKoff.$ $
No$NI$ 43K101$has$been$published$for$the$Arrow$
zone$to$date.$

23. 23
APPENDICIES

24. 24
Uranium$Market$(Demand)
A$Story$of$Stable$Demand$Growth$ and$Uncertain$Supply
Nuclear'Electricity'Growth
• Nuclear]energy]currently]fuels]11%]of]global]power]needs
• 930]GW]needed]by]2050]to]support]existing]global]decarbonisation]mandates
• Equates]to]2.3x$increase$in]nuclear]energy]demand]in]just]35$years
Uranium'Demand
• Average]demand]growth]estimated]at]~4%]per]year]to]2024
Source:$International$Energy$Agency$(2015),$ World$Nuclear$
Association$(2015)

25. 25
Uranium$Market$(Demand)
Investment$and$Reactor$Builds
• Currently$437 nuclear$reactors$in$operation$globally
• 65$nuclear$reactors$currently$under$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

26. 26
Uranium$Market$(Supply)
Lack$of$Economic$Uranium$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$are$under$sever$
sovereign$risk$(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

27. 27
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$Team
Garrett]Ainsworth
VP]Exploration]&]Development
Adam]Engdahl
Project]Manager]K Saskatchewan
Galen]McNamara
Project]Manager]K Geology
Technical$Advisory
Andrew]Browne
former]VP]Exploration]&]Development
Craig]Parry
Director
Strong$team$with$a$
successful$track$record$in$
uranium$exploration$and$
development.

28. 28
Capital$Structure
Shares$Issued$&$Outstanding 253,972,116
Warrants$($0.45] K $0.65) 20,532,728
Options$($0.30] K $0.62) 22,149,446
Fully$Diluted 296,654,290
Cash ~C$29M
Ownership
Management/Directors]
Tigers]Realm]Minerals]&]Associates
Mega]Uranium
~6%
~14%
~9%
1.)$As$of$October$ 30,$2015
2.)$As$of$June$30,$2015
1
2

29. Best$known$continuously$mineralized$angled$drill$holes$
from$the$Athabasca$Basin$
Company] Project Hole]ID From](m) To](m)
Length]
(m)
U3O8]
(wt%)
GT
Cameco McArthur K299 42.0 83.8 41.8 48.3 2019
NexGen] Arrow ARK15K44b* 455.5 624.0 168.5 5.0 843
NexGen] Arrow ARK15K44b** 499.5 568.0 68.5 9.56 655
Fission]] PLS PLS14K248 130.0 177.5 47.5 13.2 627
NexGen] Arrow ARK15K49c2** 426.0 495.0 69.0 8.77 605
Denison Wheeler WRK525 402.0 412.0 12.0 43.8 526
Hathor Roughrider MWNEK10K648 238.0 301.0 63.0 7.8 491
Cameco Cigar]Lake 231B 429.5 435.0 5.5 55 303
Formation]
Capital
Virgin]
River
VRK031w3 797.0 831.0 33.9 8.7 296
UEX
Shea]
Creek
SHEK114K05 N/A N/A 10.2 20.7 211
Source:] Company] reports,] Dundee] Capital] Markets
*0.01%] U3O8] cutKoff,]maximum] internal] dilution] of]4.5m] downhole
**0.01%] U3O8] cutKoff,]maximum] internal] dilution] of]2.0m] downhole
29
A2$Produces$2$Top$Tier$Angled$Holes

30. A2$Shear:$ARS15S44b$(68.5m$@$9.56%$U3O8)
SRC$Geoanalytical$ Results
Grade$ (U3O8%)$x$
Thickness$ (m)$(GT)From$(m) To$(m)
Interval$
(m)
U3O8$(wt%)
429.00 434.50 5.50 0.03 0.18
441.00 442.00 1.00 0.04 0.04
450.50 452.00 1.50 0.08 0.12
455.50 461.00 5.50 2.03 11.15
463.50 483.00 19.50 1.03 20.07
486.00 497.00 11.00 5.42 59.64
499.50 568.00 68.50 9.56
654.78
499.50 556.00 56.50 11.55
499.50 519.50 20.00 20.68
503.00 504.00 1.00 70.00
570.50 571.50 1.00 0.10 0.10
576.00 578.00 2.00 0.03 0.06
582.00 586.00 4.00 1.64 6.56
590.00 624.00 34.00 2.65 90.14
630.50 631.00 0.50 0.02 0.01
639.00 645.00 6.00 0.05 0.27
652.00 667.00 15.00 0.06 0.85
670.00 675.00 5.00 0.08 0.40
680.00 687.00 7.00 0.02 0.16
694.00 718.00 24.00 0.04 0.96
743.50 744.00 0.50 2.15 1.08
776.50 777.50 1.00 0.03 0.03
810.50 813.00 2.50 0.14 0.36
827.50 828.50 1.00 0.15 0.15
832.50 833.50 1.00 0.09 0.09
871.50 874.50 3.00 0.03 0.09
878.50 879.50 1.00 0.06 0.06
892.00 893.00 1.00 0.04 0.04
908.00 908.50 0.50 0.03 0.01
919.50 921.00 1.50 1.23 1.85
935.50 941.00 5.50 0.77 4.22
946.50 949.50 3.00 0.03 0.08
· Cutoff]grade] 0.01%] U3O8] (weight] %)
· Minimum] thickness] 0.5] m]downhole
· Maximum] internal] dilution] 2.00] m]downhole
· U3O8]analyzed] by]ICPKOES] at]SRC] laboratories,] Saskatoon
· All]depths] and] intervals] are] meters] downhole
30

31. A2$Shear:$ARS15S49c2$(69.0m$@$8.77%$U3O8)
SRC$Geoanalytical$ Results
Grade$ (U3O8%)$x$
Thickness$ (m)$(GT)From$(m) To$(m)
Interval$
(m)
U3O8$
(wt%)
403.50 404.50 1.00 0.03 0.03
426.00 495.00 69.00 8.77
604.90
426.00 485.50 59.50 10.13
435.50 485.50 50.00 12.01
456.00 474.00 18.00 20.55
465.00 469.50 4.50 40.64
466.50 467.00 0.50 76.00
499.00 512.00 13.00 0.04 0.57
534.00 534.50 0.50 0.11 0.06
569.00 573.50 4.50 0.15 0.68
631.50 634.00 2.50 0.10 0.24
639.00 649.00 10.00 0.05 0.52
652.00 653.50 1.50 0.07 0.10
658.50 663.50 5.00 0.09 0.44
666.00 677.00 11.00 0.11 1.16
688.00 689.50 1.50 0.04 0.05
714.00 733.00 19.00 0.06 1.19
739.50 744.00 4.50 0.02 0.11
747.50 753.00 5.50 0.12 0.67
756.00 764.00 8.00 0.04 0.33
775.00 776.50 1.50 0.02 0.03
780.50 781.00 0.50 0.33 0.17
792.50 793.00 0.50 0.02 0.01
797.50 798.00 0.50 0.07 0.03
805.50 806.00 0.50 0.26 0.13
812.50 813.50 1.00 0.78 0.78
818.00 819.00 1.00 0.04 0.04
827.50 829.50 2.00 0.42 0.84
832.00 834.00 2.00 0.40 0.81
849.50 850.50 1.00 0.03 0.03
876.50 877.50 1.00 0.16 0.16
· Cutoff]grade] 0.01%] U3O8] (weight] %)
· Minimum] thickness] 0.5] m]downhole
· Maximum] internal] dilution] 2.00] m]downhole
· U3O8]analyzed] by]ICPKOES] at]SRC] laboratories,] Saskatoon
· All]depths] and] intervals] are] meters] downhole
31

32. 32
Arrow:$No$Freezing
• Cigar]Lake]is]worldKclass]in]size]and]grade,]but]faces]significant] challenges]
due]to]fact]ore]body]is]sandstoneKhosted]which]means]highly]specialized]
freezing]technology]within]the]wet]rock]conditions]must]be]used.
• Unlike]McArthur]River]and]Cigar]Lake]which]have]600]and]480m]of]
sandstone]on]top]of]the]ore]bodies,]respectively]K Arrow]only]has]10K20m]of]
sandstone]within]80m]of]surface.
• Arrow]is]basementK
hosted which]
means]NO]freezing]
would]be]required]
as]the]
mineralization] is]
hosted]within]
competent]rocks.

33. 33
Analyst$Coverage
Tyron$Breytenbach$S
Cormark]Securities]Inc.
(416)]943]
6747
BUY 150Mlbs C$3.00
Rob$Chang$– Cantor]
Fitzgerald]Canada
(416)]849]
5008
TOP]PICK 127Mlbs N/A
David$Sadowski$–
Raymond]James]Ltd.
(604)]659]
8255
STRONG]
BUY
100Mlbs C$1.80
David$Talbot$–
Dundee]Capital]
Markets
(416)]350]
3082
BUY N/A N/A
Phil$Swifen$– Numis]
Securities]Ltd.
+44](0)20]
7260]1430
BUY N/A N/A

34. 34
Contact
Travis$McPherson
Corporate]Development
C:]+1]604.816.2686]
T:]+1]604.428.4112
tmcpherson@nexgenenergy.ca