AR3 starts first drill program at Overland Uranium Project

Highlights:

• Inaugural Drill Program commenced: The program, consisting of approximately 30 holes for 5,000 meters (m) of Air Core drilling, has commenced on schedule.

• High-priority Targets: Drilling is targeting high-priority uranium targets in this sedimentary-hosted frontier uranium play.

• Timely Access to Drill Targets: Initial approvals have allowed AR3 early access to a number of the initial high-priority drill targets identified across Overland’s substantial ~3,000km2project area; with applications in train for the balance of the area, allowing access to further targets in 2025.

• Further Drill Target identification underway: AR3 is actively analysing available geophysical data to identify a number of further drill targets across the Overland project area.

• Expected results: Initial drill results are anticipated during the December 2024 quarter.