Confirmation of Uranium Anomaly at Kiangi Prospect

Bellavista Resources Limited (ASX: $BVR) has confirmed a highly promising uranium anomaly at the Kiangi Prospect, located in the western edge of its Edmund Basin Projects, 130km south-west of Newman in Western Australia. The anomaly, spanning 2.5km, was identified from reprocessing geophysics, revealing a concentrated strong uranium-channel radiometric anomaly coincident with a strong EM conductivity response aligning with the Kiangi Prospect. The latest rock chips have returned elevated uranium (>100ppm U3O8) over the entire 2.5km, indicating the potential presence of a blind Iron Oxide Copper Gold (IOCG)-style system feeding mineralised fluids into the sediments. Bellavista is now reviewing its entire Edmund Basin tenure for further evidence of IOCG-related mineralisation.

Executive Director's Perspective

Elevated uranium assay results have been returned over the full 2.5km strike defined at Kiangi by the radiometric uranium-channel anomaly, which is partly coincident with an EM conductivity response from our 2023 regional VTEM surveys. The latest sampling significantly expands an area historically sampled within the trend. These globally significant uranium results (up to 0.14% U3O8), are associated with base metals and path finder elements possibly related to IOCG intrusive activity. In the coming months, our technical team will take the opportunity to strengthen our understanding of the potential scale and distribution of IOCG mineral systems in our Edmund Basin portfolio.

Outlook and Future Plans

Bellavista Resources has confirmed a compelling 2.5km-long uranium anomaly at the Kiangi Prospect, indicating the potential for a blind Iron Oxide Copper Gold (IOCG)-style system. The company is now reviewing its entire Edmund Basin tenure for further evidence of IOCG-related mineralisation. The confirmation of the uranium anomaly and the ongoing review of the project area demonstrate Bellavista's commitment to exploring and unlocking the full potential of the highly prospective Edmund Basin. The company's technical team aims to strengthen their understanding of the potential scale and distribution of IOCG mineral systems in the portfolio, indicating a focus on further exploration and potential discoveries in the region.