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NexGen Energy (Canada) Ltd (ASX:NXG)

ALERT: Price-sensitive ASX Announcement for NXG
Current share price for NXG : $13.270 -0.38 (-2.78%)+
Announcement
Release
2 Dec 2025 10:33AM
Price at Release
$13.650
Full Release
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Summary
NexGen Energy Ltd. announced its highest-grade uranium assay results to date from its Patterson Corridor East project, with drill hole RK-25-256 yielding exceptionally high-grade uranium mineralization, including 5.5 meters at 21.4% U3O8, with sections as high as 74.8% U3O8. This discovery is significant as it suggests a major mineralizing event in the southwest Athabasca Basin, where NexGen is developing a robust portfolio of uranium projects. The findings are expected to contribute to NexGen's strategic goal of becoming a leading supplier of nuclear fuel while providing substantial economic, environmental, and social benefits.
Key Points
  • NexGen Energy Ltd. reported the highest-grade uranium assay results to date from Patterson Corridor East.
  • Drill hole RK-25-256 yielded 5.5 meters at 21.4% U3O8, including sections at 46.1% and 74.8% U3O8.
  • The discovery is indicative of a significant mineralizing event in the southwest Athabasca Basin.
  • NexGen is developing a uranium project portfolio with a focus on multi-generational nuclear fuel supply.
  • CEO Leigh Curyer highlighted the significance of the ultra-high-grade mineralization at the Patterson Corridor East.
  • The discovery supports NexGen's goal to meet global critical mineral demand while achieving significant environmental and social outcomes.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.