HIGHLIGHTS:
* Angilak Project: The Angilak Project is host to the Lac 50 Uranium Deposit,
which is one of the largest high-grade deposits outside of the Athabasca
Basin, with a historical mineral resource estimate of 43.3M lbs at an
average grade of 0.69% U(3)O(8).(1)
* In 2023, drilling at Angilak by Latitude Uranium (acquired by ATHA)
intersected grades of up to 7.54 % U(3)O(8) over 1.6 m.
* The 2024 Angilak Exploration Program is part of the Company's overall 2024
Exploration Program and consists of Phase I (diamond drilling) and Phase II
(geophysics & ground geochemistry).
* A -10,000 m diamond drilling program targeting expansion of uranium
mineralization along the Lac 50 Trend, proximal to the historic deposit,
began on June 3(rd), 2024.
* As of the end of June, six holes have been drilled outside the historic Lac
50 Mineral Resource footprint and successfully intersected uranium
mineralization, demonstrating the expansion potential at the Angilak Project
* These six holes represent the beginning of the 2024 Angilak Exploration
Program, with more than 7,000 m of ongoing drilling remaining
* Drilling highlights:
* All six holes successfully expanded the footprint of uranium
mineralization at the Main Zone, Eastern Extension, and the J4 & Ray
Zones, which represent the historic zone of mineralization at the Lac
50 Deposit
* The six holes targeted parallel Tuff Horizons that were first identified
by Latitude Uranium. At the Main Zone and the Ray Zone, shallow (Â