Highlights:

• New shallow Uranium occurrence identified: Drill hole OV047 encountered a 6 meter interval of carbonate-cemented sediments from 27 meters, with anomalous gamma and pXRF uranium readings.

• Potential for the presence of an additional uranium model: Hole OVO47 demonstrates potential for near-surface, calcrete-hosted mineralisation - similar to uranium deposits mined in Namibia - in addition to AR3’s initial palaeochannel hosted ISR amenable uranium deposit targets.

• Accelerated follow-up drilling: Drilling program will re-commence in the week beginning 10 March 2025 to follow up the shallow uranium occurrence intersected in hole OV047.

• Rapid assay and minerology analysis: Samples generated from hole OV047 are being prioritised for assay and mineralogical determinations.

• Palaeovalley extension confirmed with multiple Uranium targets: Drilling has successfully defined the southern extension of a key palaeovalley within the southern portion of EL7001 and extending into EL6678.