23 BRECCIA PIPE TARGETS:

• 24 Breccia Pipe Exploration Targets across the Arizona Strip and Colorado Plateau, mostly located on State Leases.
• Located in close proximity to Energy Fuels’ Pinyon Plain Mine, America’s highest-grade and most profitable uranium mine, which in Q2 2025 produced 638,700 lbs U₃O₈ at an average grade of 2.23% (Energy Fuels also reports copper mineralisation).
• This district is responsible for more than 23 million lbs of historic U₃O₈ production through the 1980’s, according to USGS.

HISTORICAL WORK:

• The Wate Uranium Breccia Pipe, formerly owned by Energy Fuels had a historical resource estimate of 71,000 t containing 1.12 Mlbs eU₃O₈ at an average grade of 0.79%.
• Historical drilling in 2007-2009 by VANE minerals on at least 4 other targets identified anomalous uranium mineralization.

HISTORICAL DRILLING AT WATE BY VANE (gamma probe)

• Hole WT-39 – 19.50m @ 1.45% eU₃O₈ from 440m
  • includes 2.74m @ 2.89%
• Hole WT-41, 8.07m @1.48% eU3O8 from 442m
  • includes 3.3m @ 2.57% eU3O8
• Hole WT-29A
  • 12.8m @ 0.58% eU3O8 from 402m
  • 8.07m @ 1.5% eU3O8 from 456m