The forthcoming drilling program, which is scheduled to start in May, will build on the upgraded Carley Bore resource estimate completed in February.

The Carley Bore deposit, which is located within Energia’s Nyang project, currently has an Inferred JORC compliant Mineral Resource of 13Mt @ 320ppm U3O8 for 9.2Mlb of U3O8 (at 100ppm U3O8 cut-off) over a strike length of 3.25km.

The new drilling campaign is designed both to increase the February resource and upgrade
part of it to Indicated status.

The 1,350sq km Nyang project is the flagship project within Energia’s Carnarvon Basin uranium portfolio, which also includes the Onslow project.

These projects comprise a significant proportion of an emerging uranium province that contains numerous exploration prospects and several potentially significant uranium deposits.