Targets for Uranium Exploration Identified at Overland

Highlights:

• The Overland Project area has strong potential for In-Situ Recovery (ISR) amenable, sedimentary-hosted uranium deposits.

• Geological studies have identified multiple sources, pathways, and traps for uranium within the project area.

• The target Renmark Group sediments display characteristics favorable for ISR uranium mineralisation, including permeable pathways and reductants.

• Gaseous hydrocarbon emissions along the margin of the Nadda Basin, located within the Overland tenement package, could potentially generate Kazakh[1]style uranium mineralisation along a 50-kilometer corridor.

• Kazakh-style deposits are a significant contributor to global uranium supply, accounting for approximately 40% of the world’s total supply.

[1] Kazakh style deposits are ISR amenable, sedimentary hosted deposits occurring in Kazakhstan generated by hydrocarbon based reductants and which provide ~40% of the world’s uranium supply

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