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NexGen Energy (Canada) Ltd (ASX:NXG)

ALERT: Price-sensitive ASX Announcement for NXG
Current share price for NXG : $13.830 -3.23 (-18.93%)+
Announcement
Release
16 Jan 2026 8:18AM
Price at Release
$17.060
Full Release
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Summary
NexGen Energy Ltd. has announced an expansion of the high-grade subdomain at Patterson Corridor East (PCE), increasing its vertical extent to 412 meters and expanding the mineralized footprint further. The 2026 exploration program will feature 42,000 meters of drilling at PCE, marking the largest effort at this discovery, along with initial drilling at the SW3 property to explore high-priority targets. The company successfully completed 35,366.2 meters of drilling in 2025, aiming to further expand both the high-grade subdomains and the overall mineralized footprint. NexGen continues to focus on sustainably supplying uranium amid global energy challenges.
Key Points
  • NexGen Energy Ltd. announces expansion of high-grade subdomain at Patterson Corridor East with a vertical increase from 335 m to 412 m and a strike length of 210 m.
  • The overall mineralized footprint expanded to 700 m vertical extent and 620 m strike length, indicating further growth potential.
  • The 2026 exploration program includes 42,000 meters of diamond drilling at Patterson Corridor East, aiming to be the largest program at the discovery.
  • Inaugural drilling program at NexGen's SW3 property is set to commence, covering 3,500 meters to explore high-priority targets.
  • The 2025 drilling program successfully completed 35,366.2 meters, with significant high-grade intersected results.
  • The 2026 program aims to continue the dual focus on expanding high-grade subdomains and the overall mineralized system.
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.