Extension of Uranium mineralisation at Overland

Highlights:

• Uranium mineralisation extended: Remainder of assays from 2024 drilling confirms uranium mineralisation along the highly prospective Western Margin Target Zone.

• Validation of depositional model: Correlation of assay results with gamma and pXRF data confirms the depositional model for sedimentary-hosted uranium.

• Anomalous Uranium: Drill holes OV012 and OV013 intersected anomalous uranium concentrations over 1m intervals at key geological contacts between permeable sands and lignitic clays.

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

o OV012 1m at 51ppm U3O8 from 89m (Figure 2 & 5)

o OV012 1m at 43ppm U3O8from 102m

o OV013 1m at 61ppm U3O8from 85m (Figure 2 & 5)

o OV013 1m at 39ppm U3O8 from 84m

o OV015 1m at 36ppm U3O8 from 61m

o OV023 1m at 32ppm U3O8 from 79m

o OV025 1m at 31ppm U3O8 from 85m

o OV011 1m at 30ppm U3O8 from 96m

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

• Active Uranium system supported: Results suggest an active system, increasing potential for future discoveries at the Overland Project.

• Next round assays pending: Assays from the first swing of the 2025 drilling program are expected in the coming weeks, which will guide future exploration targeting.