Uvre Limited announces significant results from passive seismic survey at Frome Downs Uranium Project

Uvre Limited (ASX:UVA) has announced significant results from the passive seismic survey completed at its Frome Downs Uranium Project. The geophysical interpretation, undertaken by leading geophysical consultants Southern Geoscience, has identified multiple targets representing potential palaeochannels and/or fault zones, which can act as entrapment sites for uranium accumulation. The highly promising results will form the basis of a follow-up geophysical campaign, including passive seismic and gravity surveys, to better define areas of interest, which Uvre aims to undertake next month. Subject to the outcomes of the follow-up campaign and grant of exploration approvals, Uvre intends to drill these targets in Q1 2025.

Executive commentary on the significance of the results

These are extremely promising results which highlight the significant uranium exploration potential at Frome Downs. The uranium is hosted in sandstones within palaeochannels, and the targets identified through the geophysics clearly have the potential to be repeats of outstanding deposits in the Frome Basin. In light of these results, we are now planning a second geophysical program with infill seismic and gravity surveys with the aim of refining the targets ahead of our maiden drilling campaign in early 2025.

Summary of the passive seismic survey results and future plans

The passive seismic survey at Frome Downs Uranium Project has revealed multiple targets representing potential palaeochannels and/or fault zones, indicating significant uranium exploration potential. Uvre intends to undertake a follow-up geophysical campaign to better define these areas of interest and plans to drill the identified targets in Q1 2025, subject to the outcomes of the secondary passive seismic campaign and grant of exploration program approvals. The Company aims to become a substantial mineral exploration and development company focused on critical metals for the global energy transition, and these results mark a significant step towards achieving this goal.