HIGHLIGHTS
• Near-surface rock-samples return grades up to 4.1% U3O8 collected during inaugural reconnaissance program at Orpheus Conways tenement, within the Company’s McArthur Project, NT.
• Located within the Pine Creek Orogen which plays host to significant uranium deposits within a range of settings, including the unconformity-related Ranger, Jabiluka and Koongarra uranium deposits.
• Radioactive anomalies identified across approximately 60m strike length, although mineralisation remains open along strike with field observations suggesting potential extensions sub-surface.
• New possible basement-hosted U discovery within area of no previous historical surface exploration.
• Occurrence is spatially associated with a distinct gravity low and linear magnetic highs, providing a priority area for follow-up within the underexplored tenement, EL34013.
• Follow-up ground reconnaissance program continuing, with subsequent sampling, integrated geophysical assessment and continued stakeholder engagement supporting next phase of exploration.
• Awaiting geochemical analysis of additional samples with results expected Dec 2026.
“We are very excited by the identification of a new uranium target at the McArthur Project. These results bring together the strengths of our business: a technically driven project pipeline and a team that understands uranium mineralisation across different geological settings. Special recognition goes to our NT-based geologist, Geoff Eupene, and his team for their contributions.
Alongside our sedimentary uranium assets, this potential vein-hosted system adds valuable diversity to our portfolio—a calculated exploration risk with substantial potential upside. The percent tenor of uranium results at surface is very rare in Australia and this provides a clear basis to accelerate follow-up exploration”
– Managing Director Clinton Dubieniecki
