Approval to expand Overland Uranium Project Received

Highlights:

• Ministerial Consent for Farm-In Agreement (EL6678):

o AR3 has received Ministerial consent from the South Australian Government for the right to acquire a 100% interest in the sedimentary-hosted uranium rights of EL6678.

o Provides AR3 with an additional ~1,000km2 of strategic ground adjacent to the Company’s Overland Uranium Project.

o AR3 can earn 100% of sedimentary-hosted uranium rights in Sheer Gold’s EL6678 by investing $200,000 in exploration on the tenement by September 2025[1].

• EPEPR Approved: AR3 has received SA Government Department approval for an Exploration Program for Environment Protection and Rehabilitation (EPEPR) plan for EL6678.

• Target Zones identified:

o Southern extension of a recently defined palaeovalley at Overland on EL7001, and its western margin[2].

o Airborne radiometrics (Uranium channel) which illustrate the movement of uranium in modern drainage systems from the adjacent basement rocks into the basin setting.

• Next steps: Drilling to commence in February 2025 at these prospective targets within EL6678.