Near surface uranium exploration results

Highlights:

• Shallow Uranium extended: Further follow up drilling extends calcrete hosted uranium mineralization, defining a broader target area, bounded by faulting, with anomalous gamma and pXRF uranium readings.

• Support for calcrete hosted uranium model: Hole OVO47 and the follow up drilling now completed supports the potential for near-surface, calcrete-hosted mineralisation - similar to uranium deposits[1]mined in Namibia. This is a significant addition to AR3’s initial focus on deeper, ISR-amenable palaeochannel uranium targets, creating a compelling dual-asset opportunity.

• Key targets identified: Drilling has identified the likely orientation for the near-surface, calcrete-hosted mineralisation (see Figure 1) and provided along strike targets for follow up. Drilling has also targeted deeper palaeochannel settings for uranium mineralisation and identified variable basement topography providing the setting for ISR amenable uranium deposition.

• Upcoming assay results: High-priority targets are being drilled, with assay results expected progressively over the next few months.