Drilling Continues to Support Strong Uranium Potential

Highlights:

• Interim drilling progress: Successfully completed ten Air Core (AC) drill holes, totalling 1,354 meters, at the first and second targets of the Overland Project, a new frontier uranium region in South Australia.

• Target stratigraphy intersected: Drillholes within the first and second target areas continue to intersect thick sequences of Murray group stratigraphy containing interbedded sands and clays. These formations display all attributes required for pathways of uranium bearing groundwaters and for the potential for hosting uranium mineralisation.

• Preliminary results indicating presence of uranium: New drillholes within the first target area continued to yield anomalous downhole natural gamma readings and portable X-ray fluorescence (pXRF) results, indicating the presence of uranium further reinforcing the region’s exploration potential.

• Next steps: Planned follow up drilling, and extensional drilling to resume this week of the first and second targets based on initial drilling results.