Koba Resources' ongoing drilling program at Yarramba Uranium Project

Koba Resources Limited (ASX:KOB) has completed a further 15 holes as part of its drilling program at the Yarramba Uranium Project in South Australia. The company plans to drill a further 56 holes at the Oban Deposit to expand the resource base and 30 holes at the underexplored Mt John Prospect.

Executive Commentary on Ongoing Drilling Program

We are pleased to announce that our ongoing maiden drilling program at the Yarramba Uranium Project in South Australia continues to return strong results, with multiple holes returning shallow, high-grade intersections including 1.39m at 617ppm eU3O8. Our drilling continues to focus on the Oban Uranium Deposit, where we are continually intersecting strong uranium mineralisation hosted within carbonaceous channel sands that are comparable to those that host other significant uranium deposits in the region. Another 56 holes are planned at Oban, targeting the expansion of the known mineralisation, by delineating extensions to the known high-grade trends, and through the discovery of new mineralisation in the immediate vicinity. The rig will then move to the Mt John Prospect, which is located just 4km north of Boss Energy's 10.7MIb Jason Uranium Deposit, where we have another 30 holes planned to target new mineralisation. We continue to be highly encouraged by our ongoing drill program, which is demonstrating the potential to expand the shallow, high-grade mineralisation at the Oban Deposit. We look forward to continuing to regularly report results as we continue to advance this extensive initial drilling campaign over the coming months.

Summary of Ongoing Drilling Program and Future Plans

Koba Resources Limited (ASX:KOB) has reported strong drilling results at the Yarramba Uranium Project, with plans to expand the resource base at the Oban Deposit by drilling a further 56 holes and 30 holes at the underexplored Mt John Prospect. The company is encouraged by the high-grade results and thick mineralised intervals encountered during the program, indicating the potential to expand the shallow, thick, high-grade mineralisation at the Oban Deposit. The company also believes there is potential to expand the size and grade of the deposit by drill-testing both the extensions of known high-grade mineralisation and by targeting new mineralisation proximal to the Oban Deposit. The new drilling rig and crew are operating effectively and efficiently, providing the company with regular news flow over the coming months. The company's Managing Director and CEO, Mr Ben Vallerine, expressed optimism about the ongoing drill program and the potential for further expansion of the mineralisation at the Oban Deposit. Additionally, the company plans to move the drill rig to the Mt John Prospect after completing the first phase of drilling at the Oban Deposit, aiming to discover high-grade mineralisation with closer-spaced drilling. Koba Resources remains focused on advancing its extensive initial drilling campaign and looks forward to reporting further results in the future.