Argonaut Resources (ASX: $ARE) commences trial IP survey at Erudina prospect

Argonaut Resources NL (ASX: $ARE) has commenced a trial Induced Polarisation (IP) Orientation Survey at the Erudina prospect, Frome project in South Australia. The survey aims to confirm whether IP may identify sedimentary-hosted disseminated pyrite associated with uranium mineralisation in the Lower Eyre Formation. Results are expected by the end of January 2024, and subject to the outcome, a Detailed IP Survey may commence in preparation for drilling within the Exploration Target Zone at the Erudina prospect.

Executive Chairman, Mick Billing, on the Erudina prospect and uranium drilling campaign

Global uranium pricing now sits above US$100/lb, a level not seen since 2007, and we are very excited at the prospect of our first uranium drilling campaign. Petrophysical testing results confirm chargeability contrasts combined with the association of pyrite and uranium mineralisation are tools which can be applied to fine tune drilling targets in this highly prospective region of the Frome project. We look forward to updating investors on our progress.

Summary of Argonaut Resources' induced polarisation survey at Erudina prospect

Argonaut Resources NL (ASX: $ARE) has initiated a trial Induced Polarisation (IP) Orientation Survey at the Erudina prospect, targeting sedimentary-hosted disseminated pyrite associated with uranium mineralisation in the Lower Eyre Formation. The survey aims to confirm the potential association between pyrite and uranium mineralisation, with results expected by the end of January 2024. Subject to the outcome, a Detailed IP Survey may commence in preparation for drilling within the Exploration Target Zone at the Erudina prospect. The company's Executive Chairman, Mick Billing, expressed excitement about the prospect of their first uranium drilling campaign and highlighted the significance of petrophysical testing results in refining drilling targets. Argonaut Resources' strategic focus on its Australian uranium assets, including the Erudina prospect, reflects its commitment to the exploration and development of highly prospective uranium licences in South Australia and the Northern Territory.