InvestSMART

NexGen Energy (Canada) Ltd (ASX:NXG)

ALERT: Price-sensitive ASX Announcement for NXG
Current share price for NXG : $12.520 -4.57 (-26.74%)+
Announcement
Release
23 Apr 2026 8:13AM
Price at Release
$17.090
Full Release
download
Summary
NexGen Energy Ltd. announced significant expansion in the high-grade zone at Patterson Corridor East (PCE) following the 2026 winter drill program. The vertical extent of the high-grade subdomain has grown by 33% to 550 meters with a strike length of 210 meters. Key drill sites such as RK-26-280c1 revealed mineralization at depths of 830 meters, indicating strong continuity. Plans are in place to commence a summer drilling campaign extending approximately 29,200 meters starting May 2026. NexGen remains focused on expanding mineralization at PCE, with a commitment to meet the global uranium demand through its flagship Rook I Project.
Key Points
  • Expansion of high-grade zone at Patterson Corridor East (PCE) with vertical extent increased by 33% to 550m.
  • Key drill holes include RK-26-280c1, RK-26-271c1, RK-26-276, and RK-26-285 showing strong mineralized intercepts.
  • Substantial drilling required to fully understand the extent of the mineralized zone.
  • Summer drilling program of approximately 29,200m scheduled to commence in May 2026.
  • NexGen Energy is poised to meet growing demand for Canadian uranium with the Rook I Project.
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.