Uranium intersections in near-surface mineralisation

Highlights

• Assays confirm Uranium intersections in the first hole where a calcrete-hosted surficial uranium occurrence was detected, at OV047:

• 2m at 92ppm U3 O8 from 26m, including:

• 1m at 103ppm U3 O8 from 27m;

• 1m at 82ppm U3 O8 from 26m; and

• 1m at 72ppm U3 O8 from 31m

• Significant mineralisation potential at Overland: The modern drainage setting indicates an anomalous mineralised zone up to 6m thick and over 1km wide, open in all directions.

• Dual Uranium potential: Assays now confirm Overland demonstrates potential for both near surface, calcrete-hosted uranium, and deeper, ISR-amenable deposits, highlighting the strategic significance of AR3’s 4,000km² exploration land package.

• Drilling and assays continue:

• Assays from the remainder of the infill holes following up OV047 are expected in the June quarter 2025.

• Our 2025 drilling program will continue through April, following up the surficial uranium discovery and deeper ISR-amenable deposits.