NXG nexgen energy (canada) ltd

if this company was an exploration company solely, and it had no...

  1. 8,377 Posts.
    lightbulb Created with Sketch. 212
    if this company was an exploration company solely, and it had no arrow, then at least the asx rules would ask for a please explain on disclosure as to how you could sit on exploration results like this for months, wait for all the data of every hole, then months later release it.

    it has to materiel the very day you get the result back. it cant be considered immaterial at all imho.

    so by the way we found the worlds highest grade intercepts and completely forgot to tell you, ooops, lets put that out now, after waiting all year!!!

    but none the less its absolutely an first class discovery, sensational geos here to get onto this discovery so fast, staggering and exceptional despite the dullness of the program of announcing this discovery.

    but by sandbagging this and releasing it in one event just minimizes the sheer scale of excitement and value of PCE to the company. they almost devalue the PCE by simply demonstrating that what they had in their bag was never really material. this is no way can be a minnow discovery that is simply too hard or too small to look at like Bow or Harpoon. PCE is genuine, its massive, its a arrow look alike in every respect, and imho will be mined and totally commercial. its such a pity they dont talk it up and announce the stunning discovery in real time,,, the market dismissed it immediately.

    we are talking absolute continuity being treated as immaterial here.. staggering imho..





    NexGen Announces Best Assays from Patterson Corridor East in Hole RK-25-232

    • RK-25-232 assays returned NexGen’s best discovery phase intercept to date: 15.0 m at 15.9%U3O8 including 3.0 m at 47.8%, 1.5 m at 29.4% and an intercept of 0.5 m at 68.8%

    • Ranks among the world’s highest-grade basement-hosted uranium vein intercepts, validating thegrowing significance of Patterson Corridor East (“PCE”)

    Exceptional continuity confirmed, with RK-24-222 intersecting 17.0 m at 3.85% U3O8, located 200m from RK-25-232

    • Winter 2025 drill program added 9 new high-grade intercepts, reinforcing the scale and strengthof the system



    trying to grasp this, so a random hole, over an area which is by the looks around 1 square kilometer at least 900 hundred meters deep, strikes half a meter of uranium at 68%, then 1.5 meters at 30% then 3 meters at 48%, what are the chances of that if you dont have some basis of conformity going on??

    this is the making of another arrow, we are just trying to understand size and extent here and random holes are busting records never seen before.


    https://hotcopper.com.au/data/attachments/7034/7034127-6c70bef3e2a2b28c811c0be2c0107ba4.jpg
    then 200 meters away another random hole gets this:

    Exceptional continuity confirmed, with RK-24-222 intersecting 17.0 m at 3.85% U3O8, located 200m from RK-25-232


    https://hotcopper.com.au/data/attachments/7034/7034140-77fa612af1c05b0f295d3ba401931deb.jpg

    Leigh Curyer, Chief Executive Officer, commented:

    “Patterson Corridor East has delivered theseexceptional assay results. RK-25-232 is an exceptionally high calibre intersection considering the programis very early in the evaluation of PCE.

    Identical to Arrow, mineralization at PCE is wholly hosted in competent basement rock and exhibits all thesame characteristics of an intense high-grade mineralized system. PCE is only 3.5 km from the future RookI Project that is in the final Federal approval stage with the CNSC having received Provincial Approval inNovember 2023.

    The scale of 2025 program drilling at PCE underscores NexGen’s commitment to advancing new sourcesof uranium supply at a time the world is committing to the deployment of nuclear energy. Notably, PresidentTrump last Thursday, signing four executive orders to immediately accelerate the deployment of nuclearenergy in the US, with objective of increasing US nuclear energy output from 100GW to 400GW by 2050.The importance of Rook I and the further development of PCE has never been greater to meet the world’snuclear fuel requirements for the approaching decades.”

    Jason Craven, Vice President, Exploration, commented:

    “These assays received to date confirmadvancement of our 3D model of PCE which sets us up for targeting future drill hole locations at PCE. Thefocus to both expand the overall footprint as well as define and expand the high-grade sub-domains withinPCE. Mineralization style and intensity, mirrored with Arrow 3.5 km away, speaks to the broader endowmentof the underexplored NexGen portfolio in southwest Athabasca Basin. NexGen provides everyone with thetremendously unique opportunity of building a true tier one mine whilst simultaneously developing theexciting PCE.”




    cant wait when they sandbag a hole with 50 meters @ 83% for a year or two.. i mean that is immaterial isnt it.. ??


 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
$9.92
Change
-0.250(2.46%)
Mkt cap ! $1.115B
Open High Low Value Volume
$10.11 $10.14 $9.91 $7.925M 789.6K

Buyers (Bids)

No. Vol. Price($)
1 1000 $9.89
 

Sellers (Offers)

Price($) Vol. No.
$10.01 1558 2
View Market Depth
Last trade - 16.10pm 13/06/2025 (20 minute delay) ?
NXG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.