Announcement PDF 5 March 2026 AR3 to recommence uranium drilling at Overland in April 2026 Highlights: • Regulatory approval secured for uranium drill program at the Overland Project, South Australia. • Drilling contractor engaged, mobilisation scheduled for April 2026. • Program to test two large sedimentary-hosted uranium target zones defined by historic drilling and confirmed assays. • Historic core hole C051 confirmed uranium mineralisation including1 : o 0.44m @ 159ppm U₃O₈ from 56.6m within limestone o 0.70m @ 153ppm U₃O₈ from 57.3m within limestone o 0.90m @ 201ppm U₃O₈ from 60.3m within lignite • Numerous historic drillholes show anomalous gamma responses2 , highlighting widespread uranium potential. • Located in South Australia - a premier uranium jurisdiction. • Strengthened balance sheet following recent capital raising enables AR3 to advance uranium exploration while simultaneously finalising the Pre-Feasibility Study at its flagship Koppamurra Rare Earths Project . • Engage with this announcement at the AR3 investor hub. AR3 Managing Director and CEO, Travis Beinke, said: “Thetechnicalwork completed inNovember 2025 confirmeduranium mineralisation and defined large-scale target zones at Overland. With drilling contractor engaged and regulatory approvals in place, we are ready to test that potential. At the same time, substantial work continues at Koppamurra as we progress the Pre- Feasibility Study and pilot plant planning. With two critical minerals projects in South Australia — rare earths and uranium — AR3 is positioned to pursue a parallel development and discovery strategy. Our strengthened balance sheet enables us to advance both opportunities in a disciplined way, providing shareholders with diversified exposure to strategically important commodities.” Australian Rare Earths Limited (ASX: AR3) (“AR3” or the “Company”) is pleased to announce that it has received approval for its Exploration Program for Environment Protection and Rehabilitation (EPEPR) application for EL7079, enabling the recommencement of uranium drilling at its ~8,000km² Overland Uranium Project in South Australia. 1 See ASX 7 Novmeber 2025 “Assay results point to sedimentary hosted uranium targets on new Overland tenure”. 2 “Anomalous Gamma” has been defined by historical downhole gamma surveys where the gamma response was 2x background or >100cps (see appendix 2). A drilling contractor has been engaged, with mobilisation scheduled for April 2026. The program will test two priority sedimentary-hosted uranium target zones defined through AR3’s comprehensive review of historic drilling and assay confirmation announced in November 2025 and detailed below. The April drill program is designed to confirm mineralisation continuity, thickness and lateral extent across these zones. Favourable Uranium Market and Tier-One Jurisdiction The recommencement of drilling occurs against a supportive macro backdrop of robust uranium prices, driven by: • Expanding global nuclear power programs • Energy security imperatives • Structural supply constraints Overland is located in South Australia — widely regarded as one of the world’s premier uranium jurisdictions, with the state hosting the only three operating uranium mines in Australia. Executing a Parallel Dual-Commodity Strategy AR3 is advancing both of its South Australian critical minerals assets in parallel: • The Koppamurra Rare Earths Project, where a Pre-Feasibility Study and pilot plant planning activities are progressing; and • The Overland Uranium Project, where discovery-focused drilling will recommence in April 2026. The Company’s strengthened balance sheet following its recent capital raising enables this dual-track strategy to be executed in a disciplined and capital-efficient manner. Overland EL7079 exploration targets As previously reported, AR3’s assay results from historic core drilling in the Sedan area (drilled between 1979 and 1982), together with a comprehensive review of legacy geological data, has defined two extensive sedimentary-hosted uranium target zones. These findings enhance the exploration potential of the Overland Project and provide a strong foundation for planned follow-up drilling and technical evaluation. The review of historical drilling in the Sedan area has identified an extensive zone of interest, defined by numerous drillholes, containing anomalous gamma intercepts within sedimentary horizons sitting above and at the contact with a widespread brown coal deposit. Two primary target areas have been defined: 1. Western ‘Flank’ Zone – located within the Ettrick Formation overlying the coal seams, remaining largely open toward the Palmer Fault (see vertically exaggerated Figure 3) and; 2. Basal Sandy Unit - a thick sandy unit developed in an area of lower topography at the base of the sedimentary sequence overlying basement rocks, where weathered granite has produced a ‘wash’ of potentially elevated uranium-bearing sediment, providing a potential source of uranium enrichment (see idealised section in, Figure 4). A Figure 1: Historic drilling around the Sedan Coal deposit. Historic holes which intersected anomalous gamma and resampled hole C051 shown highlighted. Figure 2: Core hole C51, with significant uranium assay intersections marked. Note redox boundary becoming evident in the sample 4586338 sample interval. Core material in hole C051 from historic drilling, designed to define the extent and nature of the Sedan brown coal deposit, has been reviewed at the South Australia Drill Core Reference Library and sampled for uranium. Assay results include; • 0.44 m @ 159ppm U3O8 from 56.6m (sample 4586338) • 0.70 m @ 153ppm U3O8 from 57.3m (weighted average of samples 4586339 & 4586340) • 0.90 m @ 201ppm U3O8 from 60.3m (weighed average of samples 4586344 & 4586345) Gamma anomalism in the numerous legacy drillholes completed between 1979 and 1982, to define the extent and nature of the Sedan brown coal deposit, leave a large area open to the west and adjacent the regional Palmer fault for uranium mineralisation to have occurred within the recently granted Els EL7079, 7080 & 7081, see Figure 1. Gamma logging in drill hole R016, adjacent to C051 points to a 5m thick anomalous zone (56 to 61m) – roughly corresponding to the interval 56.6 to 61.2m (4.6m) shown above from samples 4586338 to 4586345. The models AR3 have proposed for this potential uranium mineralisation provides scope for the development of sedimentary hosted uranium grades and thickness of significance across a wide area. The two target areas identified lie between the regional Palmer fault, informing the margin of the Murray Basin sediments, and intrusive units of the Delamerian Orogen. A depression had developed in that area which has accumulated the brown coal deposits and provided pathways for groundwater movement into it. The granites, some exposed today, have weathered and eroded to form a ‘wash’ of material which has contributed to sandy sequences adjacent to the lignite deposits. Figure 3: Western flank zone of interest, through A-A1 , shown with 50:1 vertical Exaggeration. Modified from Open File Envelope ENV03345 pg1759. A A1 Figure 4: Idealised Section - Granite ‘wash’ schematic. Modified from Open File Envelope ENV03345 pg.1745 Next Steps • Rig mobilisation – April 2026 • Initial drilling of Western Flank and Basal Sandy Unit targets • Assay results and model refinement • Continued advancement of Koppamurra PFS and pilot plant activities The announcement has been authorised for release by the Board of Australian Rare Earths Limited. For further information please contact: Australian Rare Earths Limited Media & IR Enquiries Travis Beinke Jessica Fertig Managing Director and CEO Tau Media T: 1 300 646 100 E: info@taumedia.com.au Engage and Contribute at the AR3 investor hub: https://investorhub.ar3.com.au Competent Person’s Statement The information in this report that relates to Exploration results is based on information compiled by Australian Rare Earths Limited and reviewed by Mr Rick Pobjoy who is the Chief Technical Officer of the Company and a member of the Australian Institute of Mining and Metallurgy (AusIMM). Mr Pobjoy has sufficient experience that is relevant to the style of mineralisation, the type of deposit under consideration and to the activities undertaken to qualify as a Competent person as defined in the 2012 edition of the“Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Pobjoy consents to the inclusion in this report of the matters based on this information in the form and context in which it appears. B B1 About Australian Rare Earths Limited Australian Rare Earths (AR3) is a diversified critical minerals company, strategically positioned to meet the growing global demand for rare earth and uranium elements: • AR3's Koppamurra Rare Earths Project in South Australia and Victoria is a significant deposit of light and heavy rare earths, which has secured important Australian government support through a $5 million grant to accelerate development. With support from global advanced industrial materials manufacturer, Neo Performance Materials, AR3 is progressing toward a Pre-Feasibility Study and a demonstration facility, solidifying its role in diversifying global rare earth supply chains for the clean energytransition. • AR3’s large ~8,000 km² Overland Uranium Project in South Australia shows strong uranium discovery potential, with drilling identifying opportunities for substantial near-surface and deeper deposits . With strategic projects and strong government support, AR3 is poised for significant growth in the critical minerals market. JORC Table 1 Section 1 Sampling Techniques and Data Criteria Explanation Comment Sampling techniques Nature and quality of sampling (e.g., cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling. Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. Aspects of the determination of mineralisation that are Material to the Public Report. In cases where ‘industry standard’ work has been done this would be relatively simple (e.g., ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases, more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (e.g., submarine nodules) may warrant disclosure of detailed information. Theiss Bros. Pty. Ltd Exploration • Theiss Bros Pty Ltd completed an extensive drilling campaign exploring for lignite during the late 1970’s and mid-late 80’s in the area detailed within this release. • The data presented from this early exploration work is detailed in open file envelope ENV03345 which is publicly available for download on the South Australian Resource Information Gateway (SARIG) website https://map.sarig.sa.gov.au/. • Due to the extensive exploration by Theiss Bros over multiple years with varying drilling and geophysical logging methods, all data material and available has been presented within Appendix 2 of this release. • The drilling was a combination of “rotary chip” noted as “R” series and lesser amount of coring, often through select sections of the drillhole within the target lithology, lignite and coal. The holes which were cored were noted with a prefix of “C”. Theiss Bros. Pty. Ltd. Geophysical logging • Downhole geophysical logging was completed on most holes including Gamma, Neutron, Density, SP, Resistivity, and Caliper. • Details regarding calibration, instrument details, surveying methods were often not provided in historic reports, where details have been provided they have been included in Appendix 2 of this release. • Gamma anomalies referred to within this report have been detailed in Appendix 2. • Drill holes with a gamma response of approximately 100cps and/or 2x the interpreted background gamma response have been considered anomalous and referred to as such throughout this release. • All Gamma logs are from the 70’s and 80’s and scanned paper copies were reviewed to determine the anomalous intersections and background gamma values. Australian Rare Earths Re-Sampling historic hole C051 • Historic hole C051, drilled by Thiess Bros Pty. Ltd. was re-sampled at the South Australian Drill Core Reference Library located at 5 Tonsley Blvd. SA, 5042. • Hole location C051 is collar details are listed within Appendix 2 of this release. • A total of 15 samples including one duplicate sample was sampled from the available core. • Sample intervals and corresponding U3O8 values from drillhole C051 are listed within Appendix 3 of this release. • Samples consisted of ~60g of material from the available drill core which was submitted to Bureau Veritas for analysis. • Sampling was conducted by using a chisel/hammer and in sections a rock saw to cut the core along the sample interval to obtain a representative sample for the interval. • Due to the historic nature of the drill core there some evidence of missing material from the core tray was observed. • It is estimated that ~1.45 meters of core was missing between the cored interval (55.00- 63.30m) which was sampled. • Comments on the sample quality/possible core loss have been noted within Appendix 3 of this release. • The sampling was undertaken by an experienced geologist with 20+ years’ industry experience and the method was reviewed by AR3’s Exploration Manager and Chief Technical Officer. • The sampling method was considered representative. Drilling techniques Drill type (e.g., core, reverse circulation, open‐ hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (e.g., core diameter, triple or standard tube, depth of diamond tails, face‐ sampling bit, or other type, whether core is oriented and if so, by what method, etc). Thiess Bros Pty Ltd Exploration • Theiss Bros Pty Ltd completed an extensive drilling campaign exploring for lignite during the late 1970’s and mid-late 80’s in the area detailed within this release. • Due to the extensive exploration by Theiss Bros over multiple years with varying drilling methodologies the data has been summarized within Appendix 2 of this release. • The “R0” series holes were rotary chip boreholes and the “C” series drillholes were cored holes • Drill type: “Rotary Chip- RO” and “Core-C” drillholes. • The cored holes and intervals were not orientated. Drill sample recovery Method of recording and assessing core and chip sample recoveries and results assessed. Measures taken to maximise sample recovery and ensure representative nature of the samples. Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material. Thiess Bros Pty Ltd Exploration • Sample recovery quality not quantified in historical reports. • While no direct measurements were made of sample recovery for each interval, general comments in historic reports indicate recovery was sufficient for geochemical analysis, with no material bias evident. Logging Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies. Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography. The total length and percentage of the relevant Thiess Bros Pty Ltd Exploration • Geological logging was completed for the entire drill hole. • Geological logs were not available for a portion of the holes (see Appendix 2). • Geotechnical logging was undertaken for development of the Sedan lignite/coal resource. • From-to intervals and unit descriptions, including colour, grain size, sorting, and lithology, were systematically recorded. • No further logging details were provided in the historical reports. intersections logged. • The logging undertaken was not designed to support a mineral resource estimation. Australian Rare Earths Re-Sampling historic hole C051 • No Geotechnical logging was completed for the re-sampling of hole C051. • Hole C051 was geologically re-logged over the interval sampled (55.00-63.30m). • The logging was qualitative logging rock type, color, and other noteworthy observations including the presence of shells or sulphides. Sub‐sampling techniques and sample preparation If core, whether cut or sawn and whether quarter, half or all cores taken. If non‐core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry. For all sample types, the nature, quality, and appropriateness of the sample preparation technique. Quality control procedures adopted for all sub‐sampling stages to maximise representivity of samples. Measures taken to ensure that the sampling is representative of the in‐ situ material collected, including for instance results for field duplicate/second‐half sampling. Whether sample sizes are appropriate to the grain size of the material being sampled. Thiess Bros Pty Ltd Exploration • No detail provided within historical reports on the sample splitting technique, moisture content, duplicates, or sample sizes of the material being sampled. Australian Rare Earths Re-Sampling historic hole C051 • A total of 15 samples including one duplicate sample was sampled from the available core. • Sample intervals and corresponding U3O8 values from drillhole C051 are listed within Appendix 3 of this release. • Samples consisted of ~60g of material from the available drill core which was submitted to Bureau Veritas for analysis. • Sampling was conducted by using a chisel/hammer and in sections a rock saw to cut the core along the sample interval to obtain a representative sample for the interval. • Due to the historic nature of the drill core there some evidence of missing material from the core tray was observed. • It is estimated that ~1.45 meters of core was missing between the cored interval (55.00- 63.30m) which was sampled. • Comments on the sample quality/possible core loss have been noted within Appendix 2 of this release. • The sampling was undertaken by an experienced geologist with 20+ years’ industry experience and the method was reviewed by AR3’s Exploration Manager and Chief Technical Officer. • The sampling method was considered representative. Quality of assay data and laboratory tests The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total. For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc. Nature of quality control procedures adopted (e.g., standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (i.e., lack of bias) and precision have been established. Thiess Bros Pty Ltd Exploration: • The historical reports do not provide any details regarding laboratory procedures, including the use of blanks, duplicates, or external laboratory checks. • No information was reported on the make and model of the instruments used for downhole geophysical logging, nor on their calibration procedures or reading times. • Details on the quality of assay data and laboratory tests (where available) were sourced from historic reports and is provided in Appendix 2 of this release. Australian Rare Earths Re-Sampling historic hole C051 • Resampling of historic hole C051 was completed from sample material available as detailed in the Sampling Techniques section of this table. • After sampling was completed the samples were submitted to Bureau Veritas Laboratories located in Wingfield, SA. Bureau Veritas Assaying procedures • The samples will be initially oven dried at 105 degrees Celsius for 24 hours. Samples will be secondary crushed to 3 mm fraction and the weight recorded. The sample will then be pulverised to 90% passing 75 µm. Excess residue will be maintained for storage while the rest of the sample is placed in 8x4 packets and sent to the central weighing laboratory. • All weighed samples will then be analysed using the Multiple Elements Fusion/Mixed Acid Digest analytical method; • The samples were submitted for analysis using Mixed Acid Digest – Lithium Borate Fusion ICP‐ MS method (BV Code SC302) with detection limits for each element shown in ppm Ag (0.2 ppm), Al (50.0 ppm), As (1.0 ppm), Au (0.01 ppm), Ba (2.0 ppm), Be (0.5 ppm), Bi (0.1 ppm), Ca (100.0 ppm), Cd (0.5 ppm), Ce (0.1 ppm), Co (1.0 ppm), Cr (20.0 ppm), Cs (0.1 ppm), Cu (1.0 ppm), Dy (0.05 ppm), Er (0.05 ppm), Eu (0.05 ppm), Fe (100.0 ppm), Ga (0.2 ppm), Gd (0.2 ppm), Hf (1.0 ppm), Ho (0.02 ppm), In (0.05 ppm), K (100.0 ppm), La (0.1 ppm), Li (10.0 ppm), Lu (0.02 ppm), Mg (50.0 ppm), Mn (50.0 ppm), Mo (0.5 ppm), Na (100.0 ppm), Nb (0.5 ppm), Nd (0.05 ppm), Ni (2.0 ppm), P (50.0 ppm), Pb (1.0 ppm), Pr (0.05 ppm), Rb (0.2 ppm), Re (0.1 ppm), S (50.0 ppm), Sb (0.1 ppm), Sc (1.0 ppm), Se (5.0 ppm), Si (50.0 ppm), Sm (0.05 ppm), Sn (0.1 ppm), Sr (0.5 ppm), Ta (0.1 ppm), Tb (0.02 ppm), Te (0.2 ppm), Th (0.1 ppm), Ti (50.0 ppm), Tl (0.1 ppm), Tm (0.05 ppm), U (0.1 ppm), V (20.0 ppm), W (0.5 ppm), Y (1.0 ppm), Yb (0.05 ppm), Zn (2.0 ppm), Zr (10.0 ppm) • Bureau Veritas will complete its own internal QA/QC checks that include a Laboratory repeat every 21st sample and a standard reference sample every 9th sample prior to the results being released. • The adopted QA/QC protocols are acceptable for this stage of test work. The sample preparation and assay techniques used are industry standard and provide a total analysis Verification of sampling and assaying The verification of significant intersections by either independent or alternative company personnel. The use of twinned holes. Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols. Discuss any adjustment to assay data. • AR3’s Exploration Manager and Chief Technical Officer have carried out internal reviews of the compiled historical data disclosed in this release to ensure its accuracy and alignment with reporting standards. Thiess Bros Pty Ltd Exploration: • No independent verification was noted in the historical reports by Theiss Bros. • No twinned holes, data entry procedures, or data verification was noted in historic reports. Location of data points Accuracy and quality of surveys used to locate drill holes (collar and down‐ hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation. Specification of the grid system used. Quality and adequacy of topographic control. • All maps prepared by AR3 are in GDA94/MGA zone 54. Thiess Bros Pty Ltd Exploration • Drill Hole Locations: Due to the historical nature of the drilling presented in this release, exact drill hole locations cannot be fully verified, as discrepancies exist between the “approximate” coordinates recorded in the original paper logs and the locations provided by SARIG. • Source of Location Data: The location data reported here has been sourced from SARIG records or historical reports. • A portion of drillholes presented within this release are not visible in the SARIG GIS map viewer and have been sourced from historical reports which listed the coordinates and provided maps which have been compiled into this release. • All drillhole coordinates were recorded in AMG 66, holes coordinates extracted from the ENV where required were reprojected into GDA 2020 Zone 54 using the reprojection feature in Quantum GIS software • A list of collars is included within Appendix 2 of this release including source of the data points used. Data spacing and distribution Data spacing for reporting of Exploration Results. Whether the data spacing, and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied. Whether sample compositing has been applied. Thiess Bros Pty Ltd Exploration • Geological and Grade Continuity: No geological or grade continuity estimations relating to Uranium have been determined from historic exploration results. • Historic exploration by Theiss Bros was primarily focused on exploring for coal/lignite deposits. • Purpose and Nature of Drilling: The drilling formed part of a basin-wide regional exploration program targeting economic coal deposits followed by a targeted resource drilling program over the Sedan coal prospect. • The exploration by Thiess Bros eventuated in identifying the Sedan coal resource. Orientation of data in relation to geological structure Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type. If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material. Thiess Bros Pty Ltd Exploration • Vertical orientation considered appropriate for targeting flat sediments of the Murray Basin Stratigraphy. • No orientation bias identified. Sample security The measures taken to ensure sample security. Thiess Bros Pty Ltd Exploration • Sample Security: The historical reports did not provide any information regarding the security or chain-of-custody measures for the samples or geophysical data. Australian Rare Earths Re-Sampling historic hole C051 • Samples collected during the resampling of hole CO51 were under the custody of a consulting geologist with 20+ years experience. • The samples were collected from the South Australian drill core reference library and delivered directly to Bureau Veritas in Wingfield, SA by the consulting geologist who sampled the material. Audits or reviews The results of any audits or reviews of sampling techniques and data. Internal QAQC Oversight of Historical Data: • AR3’s Exploration Manager and Chief Technical Officer have carried out internal reviews of the compiled historical data disclosed in this release to ensure its accuracy and alignment with reporting standards. Thiess Bros Pty Ltd Exploration • The original historic report did not record any audits or independent reviews of the sampling data for these drill holes. Section 2 Reporting Exploration Results Criteria Explanation Comment Mineral tenement and land tenure status Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings. The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area. Thiess Bros Pty Ltd Exploration • The Thiess Bros Exploration and drilling was within historic EL429 and EL609. • EL429 was granted to Thiess Bros. Pty on Nov 13th, 1978. The Licence area was ~2257km2 and located ~107km from Adelaide. Australian Rare Earths Tenure •Australian Rare Earths Overland project is comprised of EL7001, EL7003, EL7005, 7055, EL7079, EL7080, and EL7081 held by Valrico Resources Ltd Pty and WRDBD PTY LTD, wholly owned subsidiaries of Australian Rare Earths. •Valrico Resources Ltd Pty completed an earn-in agreement with the license holders of EL6678 (Sheer Gold Pty Ltd) on April 24th, 2025 (see ASX announcement) covering an area of 990km2. •Recently AR3 acquired EL6895 from private minerals explorer David Clarke. Under the agreement AR3 will acquire EL6895 for a payment of $10,000 (see ASX announcement July 10, 2025). •The total Overland project area covers 8005km2 which includes EL7001, 7003, 7005, 7055, 6678, 6895, EL7079, EL7080, EL7081. •There are no Conservation Parks or Regional Reserves in the EL areas. •The White Dam CP has been excised from the SW corner of EL7003 and southern portion of EL6678. •The Morgan CP are located outside the SW corner of EL7003 and excised from EL6895. •Registered Native Title Determination Application SC2019/001 overlaps with the central portion of EL7003, southern portion of EL6678 and all of ELA2025/00022 & ELA2025/00023. •Registered Native Title Determination Application SC2011/002 overlaps with the NW corner of EL7005. •A registered and Notified Indigenous Land Use Agreement (ILUA)‐ The River Murray and Crown Lands SI2011/025 overlaps with the southern portion of EL7003 and northern portion of 6895. Exploration done by other parties Acknowledgment and appraisal of exploration by other parties. • Exploration activities by other exploration companies extend back to the 1930’s initially exploring for lignite and water by the South Australian government. • Historically the area has been explored for Base Metals, Coal, Gold, Copper, Heavy Mineral Sands, and Water. • The most notable exploration activity was completed by Theiss Bros Pty Ltd who were exploring for economic coal deposits in the late 1970’s and 1980’s Geology Deposit type, geological setting and style of mineralisation. • The Overland project is targeting Paleochannel Uranium within the Murray and Renmark Group sediments of the Murray Basin. • Sedimentary hosted uranium deposits occur in medium to coarse‐grained sedimentary sequences deposited in a continental fluvial or marginal marine sedimentary environment. Impermeable shale/mudstone units are interbedded in the sedimentary sequence and often occur immediately