The company has increased resource estimate at the deposit to 3.8 million tons at 480ppm U3O8 for a contained 4 million pounds U3O8, a 60% increase on the previous estimate, and 1.9 million pounds of indicated resource.
Vimy Resources managing director Mike Young said: "Once we completed our recapitalization in July of this year, it was all hands on deck as we ramped up our exploration program and started our Pre-Feasibility Study.
"We also submitted our Environmental Scoping Document as we begin the approvals process for the Mulga Rock Uranium Project."
The Princess and Ambassador resources cover the Mulga Rock East deposit and the Mulga Rock West deposit comprises the Shogun and Emperor Resources.
The Mulga Rock uranium project is located around 240km east northeast of Kalgoorlie and is situated on two granted mining leases, ML1080 and ML1081.
