Ann: Four trenches complete at SWC Target, each reveal uranium, page-5

Four trenches complete at SWC Target; uranium
mineralisation in all trenches.
• Field crews complete four trenches at Southwest Corner (SWC) target, totaling 378 m
• All four trenches include areas with scintillometer readings of 9,999 counts per
second (cps), the maximum for the device, with uranium minerals visible.
• Trench 4 includes a zone of 44 metres in length which consistently ‘maxes-out’ at
9,999 cps.
• The trenches are being used to investigate uranium mineralization reported in 2008
by Mantra Resources (Mantra) in auger drillholes. These shallow holes included the
excellent intervals listed below, all of which ended in mineralisation.
o MRSA04: 4m @ 838 ppm U3O 8 from 7m, including 2m@ 1,300ppm
o MRSA06: 7m @ 440 ppm U3O 8 from surface, including 3m@ 610ppm
o MRSA12: 8m @ 1,273 ppm U3O 8 from surface, including 2m@ 3,825ppm
o MRSA07: 4m @ 1,463 ppm U3O 8 from 3m, including 2m@ 2,705ppm
o MRSA13: 5m @ 628 ppm U3O 8 from 1m, including 3m@ 803ppm
• SWC is ~50 kms south of Mantra/Uranium One’s world class “Nyota” deposit
(hosting a Measured and Indicated MRE of 187 Mt at 306 ppm U3O 8 containing
124.6 Mlbs U3O 8) in a similar geological setting.
• Roads and drill sites are being prepared ready for drilling early 2024.
• A ~120 line km radiometric survey has been completed over the target – results
of which will be announced during November.