Assay results confirm Uranium mineralisation at Overland

Highlights:

• Uranium mineralisation confirmed: Assay results confirm uranium mineralisation in the first 10 drill holes conducted during the 2024 inaugural drilling program.

• Validation of the area’s potential: While the initial assays are of low grade, their significance is in validating down hole gamma responses and in-field pXRF measurements, supporting AR3’s geological model for sedimentary-hosted uranium deposits to be generated within the large, lightly explored Overland Project area.

• Anomalous Uranium: Drill hole OV002 encountered uranium concentrations up to 20 times greater than adjacent background values across two 1-meter intervals, highlighting the potential for higher-grade zones elsewhere in the system.

• Assays validate the down hole gamma responses and in-field pXRF measurements for contained uranium including:

• OV002 1m at 44ppm U3O8 from 80m

• OV002 1m at 58ppm U3O8from 82m

• OV003 1m at 24ppm U3O8 from 86m

• OV003 1m at 30ppm U3O8 from 109m

• OV009 1m at 24ppm U3O8 from 86m

• OV010 1m at 33ppm U3O8 from 91m

• OV010 1m at 38ppm U3O8 from 93m

• ISR Amenable Mineralisation: Uranium mineralisation occurs in permeable sediments conducive to In-Situ Recovery (ISR) mining methods.

• Active Uranium System Identified: Geological indicators suggest an active system of uranium precipitation from solution in oxidized groundwaters within the Overland Project area, pointing to potential for future discoveries at the project.

• Next round assays pending: Additional assays from the 2024 drilling program are expected in Q1 2025, which will guide future exploration targeting.