AR3 confirms near surface Uranium discovery at Overland

Highlights:

• Discovery of widespread calcrete hosted Uranium: Follow-up drilling of hole OV047’s shallow anomalous gamma and pXRF (U) readings (See ASX 6 March 2025) has confirmed a widespread continuation of calcrete hosted uranium mineralisation.

• Extensive target area: The modern drainage setting indicates significant mineralisation potential at Overland, with drilling revealing an anomalous mineralised zone up to 6m thick and over 1km wide remaining open in all directions.

• Confirmation of an additional Uranium model: Mineralogical assessments of drill cuttings from Hole OV047 confirm a calcrete-hosted style of mineralisation, with uranium present in the secondary calcite cementation of both limestone and sandy sediments.

• Dual Uranium potential at Overland: Overland now demonstrates potential for both near surface, calcrete-hosted uranium and deeper, ISR-amenable deposits, emphasising the value of the company's vast 4,000km² exploration land package in a frontier uranium play.

• Next steps: AR3 will undertake follow up drilling on this new surficial uranium discovery, continue to test high-priority targets for deeper ISR-amenable deposits, and explore new leads identified within the vast Overland project area. Assay results from recent drilling are expected to be released progressively over the next few months.