U3O8 has completed reverse circulation drilling along the 15 kilometre strike of mineralisation identified to date. Subsequently, Hellman and Schofield Pty Ltd completed a resource estimate for the company based on both the historical drilling results and the drilling programmes completed by the company.

The company subsequently completed a scoping study of the Dawson-Hinkler uranium deposit, assuming an operation that would produce 1 million pounds of U3O8 per annum for a mine life of 10 years.

The company intends to complete further drilling in the next few months, in addition to the excavation of costeans to collect both bulk density and metallurgical samples.