Energy Metals validates uranium findings

Energy Metals (ASX:EME), an Australian uranium company, has confirmed high-grade uranium intersections at the Bigrlyi deposit in the Northern Territory. The recent drilling campaign results align with prior eU3O8 values, showcasing a top result of 10.5 meters at 1.1% U3O8. A revised Mineral Resource Estimate is expected in Q1 2025.

Outlook and future plans for Energy Metals

Energy Metals has successfully confirmed high-grade uranium intersections at the Bigrlyi deposit from its recent 11,055-meter drilling campaign. The confirmation supports an update to the Mineral Resource Estimate, expected in Q1 2025. The company plans to continue exploration and resource expansion drilling in 2025, aiming to increase its resource base. The joint venture structure with NT Uranium and Noble Investments facilitates strategic development of the Bigrlyi project, underscoring Energy Metals' commitment to growth within the uranium sector.

Executive insights on drilling results

The chemical assay results from our recent drilling campaign at the Bigrlyi deposit have confirmed the high-grade uranium intersections previously indicated by our downhole gamma probing. This validation is a crucial step in our ongoing efforts to update the Mineral Resource Estimate, which we aim to complete in the first quarter of 2025.