Based on the aquifer properties and recovery and injection rates, along with previously reported successful metallurgical testing, these results indicate that the uranium at San Antonio can be extracted using the ISR (In Situ Recovery) process.

The purpose of the pump test was to determine the properties of the sandstone that hosts the aquifer and the uranium deposit.

The test was carried out by pumping water out of one well, and observing the drawdown and the rate of recovery in seven surrounding wells, for a total of six days (one day pre-pumping monitoring, two days of pumping and three days of recovery).

The results show connection between the pumping well and each monitoring well, even to the farthest well at a distance of 157m.

The San Antonio deposit consists of a current NI 43-101 compliant resource, Indicated, 9.0M tonnes @ 0.042% eU3O8 containing 8.3M lbs eU3O8 and an Inferred Resource of 1.1M tonnes @ 0.050% eU3O8 containing 1.2M lbs eU3O8.