Overland Uranium Project Strategic Acquisition Complete
Summary
Highlights:
Strategic Acquisition Complete: AR3’s option to acquire 100% of Valrico Resources, the holder of the Overland Uranium Project, has been completed following grant of the two Exploration Licences (EL) totaling ~2,000km2
Expanded Landholding: AR3’s granted EL application adds ~1,000km2 to the Overland Uranium Project, now encompassing ~3,000km2
First Drill Campaign Imminent: EPEPR submitted to the SA Department of Energy and Mining; planning for first drill campaign during the December 2024 quarter is well advanced
Promising Uranium Potential: The Overland Project has strong potential for In-Situ Recovery (ISR) amenable, sedimentary-hosted uranium deposits
Geological Conditions: The target Renmark Group sediments display characteristics favorable for (ISR) uranium mineralisation, including permeable pathways and reductants
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