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Viking Acquires Extensive Historical Data for Linka Project

Investing 2 Mins Read

Viking Mines Ltd (ASX: VKA) (“Viking” or “the Company”) is pleased to announce that it has completed a strategic acquisition of a comprehensive historical technical dataset covering the Linka Project in Nevada, USA. The dataset was purchased for US$35,000 (~A$50,000) and contains extensive records that is estimated to cost in excess of A$1.0 million to replicate at current market rates.

  • Historical dataset acquired representing ~2,816m of historical drilling for a nominal amount of its replacement value.
  • Data includes records for 68 drillholes (8 Diamond and 60 Percussion) across the Linka, Hillside, and Conquest targets.
  • The acquisition provides a major technical shortcut, potentially saving months of field work and significant exploration capital.
  • Extensive historical mapping and cross sections identify high-grade targets and underground workings, enabling rapid 3D geological modelling.
  • The information supports the immediate planning of validation drilling aimed at bringing historical data up to JORC standards.

The acquired data includes high-quality scans of cross-sections and maps from the late 1970s. This information is critical for understanding the location of high-grade zones of the Linka tungsten system without the need to ‘re-discover’ known mineralisation.

Commenting on the historical data acquisition, Viking Mines MD & CEO Julian Woodcock said:

“Sourcing this extensive dataset substantially shortcuts the time required to advance the Linka Project, reduces the capital outlay required and reduces the exploration risk.

“We are extremely fortunate to have been able to source this information and have commenced with converting the information into digital format to bring into 3D geological modelling software.

“Upon completion of the airborne survey at the Project we will have the necessary ground features to accurately georeference the historical maps and sections to allow us to extract the drillhole collar information and build a drillhole database.

“I look forward to interrogating the data and releasing to market as we complete the digitisation process.”

Click here for the full ASX Release

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Steve Penny: Silver’s Big Move Still to Come, Watch This Price Trigger

Investing 1 Min Read

Steve Penny, founder of SilverChartist.com, shares his thoughts on silver’s price breakout and next move, as well as the gold, platinum, uranium and oil markets.

‘In 1979, silver went up 700 percent, 8X in 12 months. I think that moment still lies ahead,’ he said.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

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Skyharbour Announces Major 2026 Exploration Campaign with Denison Mines at Russell Lake Uranium Joint Ventures

Investing 20 Mins Read

Skyharbour Resources Ltd. (TSX-V:SYH)  (OTCQX:SYHBF) (Frankfurt:SC1P) (‘Skyharbour’, ‘SYH’ or the ‘Company’) is pleased to announce plans for a major 2026 exploration campaign spanning several of the newly-formed Russel Lake joint ventures with Denison Mines Corp. (‘Denison’) (TSX:DML) (NYSE American: DNN). Over 15,000 metres of diamond drilling is planned across the Wheeler North, RL, and Getty East joint ventures, each of which were formed following completion of the strategic transaction with Denison in December 2025 that resulted in a reorganization of the former Russell Lake uranium project into four separate property joint ventures (the ‘Russell Lake Joint Ventures’).

Reorganization of the Russell Lake Project:
https://www.skyharbourltd.com/_resources/images/Russell-Map-New.jpg

The Russell Lake Joint Ventures are strategically located in the central portion of the eastern Athabasca Basin of northern Saskatchewan, to the east of Denison’s flagship Wheeler River project, and with access to significant regional infrastructure, including an exploration camp, provincial highways, and the provincial power grid.

Russell Lake Project Area Location Map:
https://www.skyharbourltd.com/_resources/images/SKY_RussellLake.jpg

Highlights of 2026 Exploration Plans:

  • Immediate start to exploration at Denison-operated Wheeler North property with 2,500 metres planned for winter drilling at the Fox Lake Trail target, where previous drilling identified extensive faulting and intense illite- and dravite-dominated alteration, together with elevated uranium and boron geochemistry which confirms the presence of strong uranium-mineralizing hydrothermal systems.
  • Additional 5,000 metres of drilling at the Wheeler North property’s Fork and Sphinx target areas is planned for later in the year, intending to follow up on drilling from the last two years which confirmed prospective structures and/or uranium mineralization.
  • Target generation and diamond drilling follow up planned for Skyharbour-operated RL property expected to consist of ground EM surveys and 4,000-5,000 metres of diamond drilling across several prospective targets.
  • Ground geophysical surveys and approximately 3,600 metres of diamond drilling targeting the Little Mann Lake prospect area and priority targets along the extension of the mineralized Middle Lake Trend on the Getty East property.
  • In total, over 15,000 metres of diamond drilling planned in 2026 across newly reorganized properties at the Russell Lake Joint Ventures.

Jordan Trimble, President and CEO of Skyharbour, stated: ‘2026 is set to be a transformative year for Skyharbour and the upcoming commencement of drilling at the recently formed Russell Lake joint ventures represents a key near-term catalyst. The planned +15,000-metre, multi-phased drill campaign at Russell is a substantial increase to previous annual drilling programs as we accelerate exploration efforts together with our new funding-partner, Denison, using systematic and proven exploration methodologies. We are confident that this collaboration with Denison will expedite the discovery process and leverage Denison’s success in exploring, permitting, and developing the neighboring Wheeler River Project, where the high-grade Phoenix deposit is positioned to become the next new large-scale uranium mine built in the region since the Cigar Lake mine.’

Mr. Trimble continued: ‘The Russell Lake Joint Ventures encompass one of the largest and most prospective land packages in the Athabasca Basin region, with a combination of proximity to existing and developing mines, as well as low-cost drilling and relatively shallow target depths. Combined with our recently announced plans for drilling in 2026 at our adjacent Moore Project, as well as at our Preston Project JV and various other partner-funded projects, the Company will have consistent news flow throughout 2026. With over 30,000 metres of diamond drilling anticipated across Skyharbour’s project portfolio in 2026, we believe the Company offers unique and significant discovery optionality.’

Wheeler North Property Plans:

Wheeler North consists of 16,409 hectares over eight claims that host numerous prospective exploration targets located adjacent to the Wheeler River Project. Ownership is initially 51% Skyharbour and 49% Denison, with Denison serving as the operator and holding additional earn-in options to achieve up to a 70% ownership interest. 

At Wheeler North, Denison is planning an exploration program comprising approximately 13 diamond drill holes totalling approximately 7,500 metres this year. The work is expected to be sole funded by Denison pursuant to its earn-in options, and is set to commence shortly with a focus on three high-priority target areas: Fork, Sphinx, and Fox Lake Trail (‘FLT’).

At the Fork Zone, previous drilling by Skyharbour confirmed the presence of high-grade uranium mineralization, including the high-grade intersection in drill hole RSL24-02, which returned 3.0% U3O8 over 0.5 metres. Drilling in 2025 identified a broad corridor of intense sandstone and basement alteration associated with favourable geochemistry along strike to the north of hole RSL24-02. Drilling planned for 2026 will focus on systematically testing this intense alteration corridor with the objective of expanding the known mineralized footprint at the Fork Target.

To the northwest of the Fork Zone, the Sphinx target area has emerged as a newly identified, high-priority target area, which is located approximately one kilometre from Denison’s Phoenix deposit. Inaugural drilling completed in 2025 intersected a faulted graphitic unit in the basement, confirming the presence of a prospective reactivated structural corridor at Sphinx. The projected unconformity intersection of this structure is considered a priority follow-up target, with additional drilling planned to test this setting along strike.

At the Fox Lake Trail (‘FLT’) Zone, drilling in 2025 by Skyharbour intersected strong hydrothermal alteration associated with uranium-mineralizing systems, including intense sandstone desilicification, brecciation, fracturing, elevated boron values, and widespread illite- and dravite-dominant clay alteration. Notably, drill hole RSL25-03A intersected a strongly altered sandstone fault zone with boron values up to 5,360 ppm, while RSL25-02 intersected anomalous basement-hosted uranium within a faulted graphitic unit, collectively indicating proximity to a fertile uranium-bearing structural corridor. A focused follow-up program of three to four drill holes is planned to commence in winter 2026, with contingency drill targets available on additional untested conductors within the FLT area.

RL Property Plans: 

The RL property covers 53,192 hectares over 16 claims located north and west of Skyharbour’s adjacent Moore Project. Skyharbour owns an 80% interest and is the project operator while Denison owns 20% and has committed to funding its share of the next $10 million in exploration expenditures on the property. 

The property hosts numerous exploration target areas, including Christie Lake, Blue Steel, Taylor Bay, South Russell, and Kowalchuk Lake. Skyharbour is carrying out electromagnetic (‘EM’) surveys to further refine and prioritize targets along prospective structural corridors and underexplored conductors. This work will be followed by targeted diamond drilling of approximately 4,000 to 5,000 metres this year in 10-14 drill holes, designed to test high-priority targets generated from the integration of historical datasets, recent drilling results, and new geophysical interpretations.

Getty East Property Plans:

Getty East consists of one claim covering 3,105 hectares and hosts the Little Mann Lake uranium zone, as well as the interpreted extension of the Middle Lake trend. Skyharbour owns 70% of the property and will initially act as operator.  Denison has an initial 30% ownership interest, and holds additional earn-in options to acquire up to a 70% interest in the project, as well as the right to become the project operator. The work planned for 2026 is expected to be sole funded by Denison pursuant to its earn-in options.

Skyharbour is planning approximately 16.2 line-kilometres of ground MLTDEM surveying to better define priority conductive corridors associated with the interpreted extension of the Middle Lake trend. Historical drilling on this trend, located to the south of the Getty East property, returned high-grade uranium mineralization, including 22.1% U3O8 over 0.9 metres in drill hole ML-30. The geophysical survey is expected to be followed up by approximately 3,600 metres of diamond drilling in about 10 drill holes to test targets generated from the new geophysics and supported by historical drilling results.

Overview of Recent Skyharbour Exploration Programs at Russell:

Skyharbour recently drilled 19 holes totalling 9,844 metres, together with Moving Loop and Fixed Loop Transient Electromagnetic (TEM) surveys completed across multiple priority target areas within the original Russell Lake project area. This exploration focused on advancing several high-priority targets, including the Fork Zone, M-Zone Extension, Fox Lake Trail, and the newly identified Sphinx target area. Denison and Skyharbour plan to follow-up on the findings of the previously exploration at Russell with the 2026 programs.

First Phase of Exploration:

In the first phase, 8 diamond drill holes totalling 4,124 metres, were completed with 6 of these holes drilled at the newly identified Fork Zone to follow up on the high-grade mineralization intersected in previously reported hole RSL24-02. The remaining 2 holes were drilled at the M-Zone Extension, targeting historical ground EM anomalies.

The Fork Zone was discovered in 2024 and is host to the best uranium mineralization intercepted to date at the Russell Lake project. The highlight results included high-grade unconformity-hosted mineralization intercepted in previously reported RSL24-02, which returned 3.0% U3O8 over 0.5 metres within a broader 2.5-metre interval averaging 0.72% U3O8 at a relatively shallow depth of 338.1 metres. Prior to 2024, the Fork Target had seen minimal historical exploration due to the lack of reliable ground geophysical data, primarily caused by interference from the nearby powerline.

Sphinx and Fork Target Areas – Drill Collar Map:
http://www.skyharbourltd.com/_resources/images/Sphinx-and-Fork-Target-Areas-Drill-Collar-Map-0005.jpg

Hole RSL24-12 at the Fork Zone intersected 0.17% U3O8 over 0.5 metres from 337.8 to 338.3 metres at the unconformity. Anomalous As, Ni, Pb, V, Zn, and B were intersected, in addition to weak uranium mineralization from 330.0 metres until the unconformity at 338.3 metres. Basement geochemistry returned anomalous uranium within altered and structurally disrupted graphitic metasediments. RSL24-12 tested for continuity of mineralization encountered in RSL24-02 to the SSW but the optimum target at the unconformity was undershot thereby warranting further drilling here. Holes RSL24-11, -13, -14, -15, and -16 all intersected anomalous pathfinder elements at the Fork Zone associated with the hanging wall of the structure in graphitic basement lithologies, in addition to anomalous uranium ranging from 11.8(partial) to 150(partial) ppm U.

Fork Target Area – Drill Collar Map:
http://www.skyharbourltd.com/_resources/images/Fork-Target-Area-Drill-Collar-Map-0002.jpg

The MZE (‘M-Zone Extension’) target lies on trend from Denison’s Wheeler River Project M-Zone, where historical drilling intersected basement and unconformity-hosted uranium mineralization. More recent drilling by Denison in 2020 at the M-Zone encountered additional uranium mineralization, along with significant faulting, core loss, geochemical anomalies, and radioactivity. The mineralization at M-Zone is hosted by a graphitic thrust fault within a significant magnetic low, which continues onto the Russell Lake property area at the M-Zone Extension target. It is also noted that lineaments (cross structures) associated with Denison’s Phoenix and Gryphon uranium deposits trend onto the Russell Lake property within the M-Zone Extension target area, further enhancing the prospectivity of this target.

Hole RSL24-17 was drilled to follow up on a 2024 hole at the MZE Zone that was lost in structurally disrupted and altered sandstone before reaching its target. RSL24-17 similarly encountered intense structure and alteration in the sandstone and was lost before intersecting the basement. Hole RSL24-18 intersected moderate hydrothermal hematite within the basal sandstone, and strong shearing locally overprinted by well-developed fault breccia and gouge within the basement. Anomalous uranium was intersected within fractured and altered granitic lithologies.

In addition to the drilling above, focused ground geophysical programs were completed over the Fork, Sphinx and Fox Lake Trail targets within the central and northern portions of the Russell Lake project area. The surveys across the Fork–Sphinx areas identified a series of previously unrecognized conductive anomalies, including four sub-parallel conductors at the Fork area, at least one conductive trend at Sphinx, and an additional parallel trend located between the Fork and Sphinx trends, now referred to as the McGowan trend. All of these conductors were virtually untested prior to the work in 2025. At the Fox Lake Trail area, the survey delineated four parallel conductive trends, of which only two had been drill tested prior to 2025, as earlier surveys failed to adequately resolve these features.

Second Phase of Exploration:

The second phase of drilling comprised of 11 drill holes totaling 5,720 metres, targeting the newly identified, high-priority conductors while also expanding on the successful 2024 discovery at the Fork Zone. Fork is now understood to be a northeast–southwest–trending structural corridor that runs sub-parallel to the historical Grayling Zone and remains largely underexplored. The northern strike extension of the Fork Trend, together with multiple parallel conductive trends to the west, remain virtually untested and represent high-priority targets for follow-up drilling.

Of the 11 holes in the second phase, 6 holes totaling 2,397 metres were completed at the Fork Zone. Hole RSL24-12W1 intersected 2.0 metres averaging 0.28% U3O8, including 0.5 metres of 0.68% U3O8 southwest of hole RSL24-02, confirming continuity along and across strike. A four-hole fence (RSL25-05, -08, -09, and -10) drilled approximately 325 metres north of RSL24-02 tested newly defined, parallel EM conductors located approximately 500 metres west of the historical Grayling showing. These conductors were untested prior to Skyharbour’s 2025 drilling. Holes RSL25-05, -08, and -10 intersected intense sandstone-hosted faulting with bleaching, desilicification, core loss, and clay alteration locally including visible dravite. Hole RSL25-09 intersected a graphitic basement fault zone and clay analyses confirmed illite-dominant alteration with local dravite, consistent with fertile uranium systems in the Athabasca Basin. An additional hole, RSL25-06, drilled approximately 330 metres SSW of RSL24-02, intersected granitic basement and did not explain the EM response. Further drilling in the area is required to adequately test this target with plans in 2026 to do so.

The faulting and associated alteration encountered in RSL25-05, -08, -09, and -10 represent the strongest structural and hydrothermal alteration intensity identified at the Fork Zone to date. This alteration system remains unconstrained along strike in both directions and across strike to the west, highlighting significant upside potential which has already produced grades of up to 3% U3O8 at the target area.

Skyharbour also completed a single drill hole, RSL25-07A, to test a newly identified ground EM conductor at the Sphinx target, representing the first drill test of this target. Sphinx is located approximately one kilometre southeast of the Phoenix deposit on the Wheeler River Project. The hole confirmed the EM anomaly as a faulted and altered graphitic pelite unit, intersected approximately 140 metres below the unconformity. The graphitic fault zone shows evidence of post-Athabasca reactivation and is associated with pervasive bleaching, supporting the interpretation of a structurally fertile system.

Geochemical sampling from RSL25-07A returned elevated uranium and associated pathfinder elements within faulted and graphitic intervals. PIMA analysis identified illite-dominant clay alteration in the sandstone and illite–chlorite alteration in the basement, indicating a well-developed hydrothermal system. Together, these results support the interpretation of a reactivated, structurally focused uranium-fertile corridor at Sphinx. With only one drill hole completed to date and the target located proximal to the Phoenix deposit, Sphinx remains a high-priority target for follow-up drilling planned in 2026.

Furthermore, Skyharbour completed 4 drill holes at the Fox Lake Trail area, located at the northern end of the Russell Lake project area. The drilling tested two of the recently defined conductors by the 2025 ground EM survey within a broad conductive corridor that has seen limited historical drilling with sporadic uranium mineralization and favourable hydrothermal alteration.

Fox Lake Trail Target Area – Drill Collar Map:
http://www.skyharbourltd.com/_resources/images/Fox-Lake-Trail-Target-Area-Drill-Collar-Map_rev-0003.jpg

Holes RSL25-02, RSL25-03A, and RSL25-04 tested the strike extension of the same conductive trend, while hole RSL25-01 tested a parallel conductive target to the southeast. The two drill fences are spaced approximately 800 metres apart. Holes RSL25-03A and RSL25-04 encountered the strongest hydrothermal alteration observed at Fox Lake Trail to date, including brecciation and significant quartz dissolution, while hole RSL25-02 intersected anomalous basement-hosted uranium of 250 ppm U over 0.5 metres within a faulted graphitic unit. Clay analysis confirmed illite- and dravite-dominant alteration. These conductive trends remain largely underexplored along strike, with an additional priority target identified through reinterpretation of historical EM data between the two drill fences, supporting continued follow-up exploration at Fox Lake Trail. Drilling will commence shortly at this target area.

Summary of Russell Lake Joint Ventures:

The Russell Lake Joint Ventures encompass a large, advanced-stage uranium exploration land package totalling 73,314 hectares in the eastern Athabasca Basin of northern Saskatchewan. The properties are strategically positioned between Cameco’s Key Lake and McArthur River operations and immediately east of Denison’s Wheeler River Project.

Following the completion of a major strategic transaction with Denison in 2025, the former Russell Lake project was restructured into four separate joint venture uranium properties: RL, Wheeler North, Getty East, and Wheeler River Inliers. Each property is subject to its own joint venture agreement with operatorship divided between the partners. Skyharbour is the operator at the RL Claims and Getty East, and Denison is the operator at Wheeler North and the Wheeler River Inliers. In aggregate, the strategic transaction included total project consideration of up to C$61.5 million with Skyharbour retaining an 80% interest at RL while Denison can earn up-to 70% at each of the other properties.

The Russell Lake Joint Ventures benefit from excellent regional infrastructure, with the northern extension of Highway 914 traversing the western portion of the land package and a high-voltage provincial powerline running parallel to the road. Across the joint ventures, there are numerous high-priority exploration targets including the Grayling, Fork, Little Mann Lake, Christie Lake, Fox Lake Trail, Sphinx, Blue Steel, Taylor Bay, South Russell, and Kowalchuk Zones. In addition, more than 35 kilometres of largely untested prospective electromagnetic conductors occur across the joint venture properties, highlighting the substantial discovery potential.

QA/QC, Radiometric Equivalent Grades and Spectrometer Readings:

All drill intervals above are downhole length and sampling procedures and QA/QC protocols for geochemical results as well as a description of downhole gamma probe grade calculations and protocols are below. All drill core samples are shipped to the Saskatchewan Research Council Geoanalytical Laboratories (SRC) in Saskatoon, Saskatchewan under the care of Skyharbour personnel for preparation, processing, and multi-element analysis by ICP-MS and ICP-OES using total (HF:NHO3:HClO4) and partial digestion (HNO3:HCl), boron by fusion, and U3O8 wt% assay by ICP-OES using higher grade standards. Assay samples are chosen based on downhole probing radiometric equivalent uranium grades and scintillometer (Radiation Solutions RS-125) peaks. Assay sample intervals comprise 0.5 metre continuous half-core split samples over the mineralized interval. These samples may also be selected for density determination using Rock Density by Dry Bulk Method (wax-coated displacement method). With all assay samples, one half of the split sample is retained and the other sent to the SRC for analysis. The SRC is an ISO/IEC 17025/2005 and Standards Council of Canada certified analytical laboratory. Blanks, standard reference materials, and repeats are inserted into the sample stream at regular intervals by Skyharbour and the SRC in accordance with Skyharbour’s quality assurance/quality control (QA/QC) procedures. Geochemical assay data are subject to verification procedures by qualified persons employed by Skyharbour prior to disclosure.

During active exploration programs, drillholes are radiometrically logged using calibrated downhole Mount Sopris HLP-2375 or 2GHF probes of varying sensitivities, which collect continuous readings along the length of the drillhole. Preliminary radiometric equivalent uranium grades (‘eU3O8‘) are then calculated from the downhole radiometric results. The probe is calibrated using an algorithm calculated from the calibration of the probe at the Saskatchewan Research Council facility in Saskatoon and from the comparison of probe results against geochemical analyses. In the case where core recovery within a mineralized intersection is poor or non-existent, radiometric grades are considered to be more representative of the mineralized intersection and may be reported in the place of assay grades. Radiometric equivalent probe results are subject to verification procedures by qualified persons employed by Skyharbour prior to disclosure. 

Qualified Person:

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed and approved by Serdar Donmez, P.Geo., VP of Exploration for Skyharbour, as well as a Qualified Person.

About Skyharbour Resources Ltd.:

Skyharbour holds an extensive portfolio of uranium exploration projects in Canada’s Athabasca Basin and is well positioned to benefit from improving uranium market fundamentals with interest in forty-three projects covering over 662,887 hectares (over 1.6 million acres) of land. Skyharbour owns a 100% interest in the Moore Uranium Project, which is located 15 kilometres east of Denison’s Wheeler River project and 39 kilometres south of Cameco’s McArthur River uranium mine. Moore is an advanced-stage, uranium exploration property with high-grade, shallow uranium mineralization at the Maverick Zones. Adjacent to Moore, Skyharbour is advancing several uranium properties within the Russell Lake project area with its joint venture partner and large strategic shareholder Denison Mines. Collectively these projects host multiple zones of high-grade uranium mineralization across a highly prospective land package with significant exploration upside, and the Company is actively working these assets through exploration and drilling programs.

Skyharbour now has joint ventures with industry-leaders Denison Mines and Orano Canada Inc. at the Russell Lake properties and the Preston project, respectively. The Company also has several active earn-in option partners, including CSE-listed Nexus Uranium Corp. at the Mann Lake Uranium Project; TSX-V listed North Shore Uranium at the Falcon Project; UraEx Resources at the South Dufferin and Bolt Projects; Hatchet Uranium at the Highway Project; CSE-listed Mustang Energy at the 914W Project; and TSX-V listed Terra Clean Energy at the South Falcon East Project. In aggregate, Skyharbour has now signed earn-in option agreements with partners that total to potentially over $76 million in partner-funded exploration expenditures and over $42 million in cash and share payments coming into Skyharbour, assuming that these partner companies complete the earn-ins at their respective projects.

Skyharbour’s goal is to maximize shareholder value through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions.

Skyharbour’s Uranium Project Map in the Athabasca Basin:
https://www.skyharbourltd.com/_resources/images/SKY_SaskProject_Locator_2025-12-16.jpg

To find out more about Skyharbour Resources Ltd. (TSX-V: SYH) visit the Company’s website at www.skyharbourltd.com.

Skyharbour Resources Ltd.

‘Jordan Trimble’

Jordan Trimble
President and CEO

For further information contact myself or:

Nicholas Coltura
Corporate Communications Manager
Skyharbour Resources Ltd.
Telephone: 604-558-5847
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@skyharbourltd.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

Forward-Looking Information:

This news release contains ‘forward‐looking information or statements’ within the meaning of applicable securities laws, which may include, without limitation, completing ongoing and planned work on its projects including drilling and the expected timing of such work programs, other statements relating to the technical, financial and business prospects of the Company, its projects and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of uranium, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration results, risks related to the inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses, and those filed under the Company’s profile on SEDAR+ at www.sedarplus.ca. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather or climate conditions, failure to obtain or maintain all necessary government permits, approvals and authorizations, failure to obtain or maintain community acceptance (including First Nations), decrease in the price of uranium and other metals, increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.

News Provided by GlobeNewswire via QuoteMedia

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Brandon Aiyuk timeline with 49ers: How did we get here?

Sport 5 Mins Read

The relationship between the San Francisco 49ers and wide receiver Brandon Aiyuk has seemingly fizzled out.

Niners general manager John Lynch said during a Jan. 21 news conference that Aiyuk has most likely ‘played his last snap’ for San Francisco.

‘The plan in terms of the transaction, that will come in due time, (but) I think it’s safe to say that he’s played his last snap with the Niners,’ Lynch said. ‘It’s unfortunate, you know, situation that just went awry. I will look long and hard at what could have been done differently, but sometimes (it) just doesn’t work out. And I think this was a case where that happened.’

Aiyuk, 27, was placed on the physically unable to perform (PUP) list and missed the entire 2025 season, including postseason games, due to injuries sustained to his ACL and MCL in Week 7 of the 2024 NFL season.

At some point during the course of the season, Aiyuk’s relationship with the organization went awry. Lynch said he wasn’t sure what led to the fallout with Aiyuk.

‘I wish I knew,’ Lynch said. ‘I can’t help you there. Sorry.’

When asked if there had been communication with Aiyuk, 49ers head coach Kyle Shanahan told reporters ‘there was, but not anymore.’

‘I say it officially stopped for me when last time I tried to get ahold of him and couldn’t,’ Shanahan said. ‘Then tried a couple more times and still couldn’t, and then that matched everyone else that was trying to get ahold of him and couldn’t. Eventually there’s not much of an explanation, because it’s really hard for us and anyone else to understand.’

Shanahan called the situation ‘unfortunate’ and added that he’d never had an experience like this in his 22 years of coaching.

‘It’s confusing, because it’s confusing for all of us,’ Shanahan told reporters. ‘But it eventually becomes, ‘it is what it is’ and you try as hard as you can to fix something that you don’t understand. It’s not like we understand it very well still, but eventually you understand that it’s not going to change and you got to move on with your football team, which is always the most important thing.’

So, what’s next? Lynch said he’d consider trading for a new wide receiver.

‘We’ll explore anything to make our football team better. I think we’ve shown that,’ Lynch told reporters. ‘We’re going to get together and we’re going to put together our plan like we do each and every year. … We’re open to anything that’s going to make our team better.’

Brandon Aiyuk timeline with 49ers

2020

Aiyuk was selected by the 49ers with the 25th overall pick in the 2020 NFL Draft. Aiyuk was drafted out of Arizona State, and before that he played at Sierra College, a junior college in Rocklin, California.

He recorded 60 catches for 748 yards and five touchdowns, appearing in 12 games, in his rookie season. He also ran for two touchdowns in his first year.

2021

In his sophomore season, Aiyuk started 16 games but played in all 17. He finished with 56 catches, 826 yards and five touchdowns.

During a Week 10 game against the Los Angeles Rams, Aiyuk became the fifth-fastest player in franchise history (21 games) to reach 1,000 career receiving yards.

2022

Aiyuk played and started all 17 games in 2022. He recorded his first 1,000-yard season in his third campaign with the 49ers.

He finished with 78 receptions for 1,015 yards and a career-high eight touchdowns.

2023

The 49ers picked up Aiyuk’s fifth-year option on his rookie contract and he followed his 2022 campaign with another 1,000-yard season in 2023.

Aiyuk became the fifth 49ers player to record back-to-back 1,000-yard receiving seasons, joining Jerry Rice (1986-96), Terrell Owens (2000-03), Anquan Boldin (2013-14) and tight end George Kittle (2018-19).

Aiyuk finished the regular season with 75 catches, 1,342 yards and seven touchdowns. His performance earned him second team All-Pro honors.

He then helped the 49ers capture the NFC championship, beating the Detroit Lions 34-31 in the conference title game as he recorded three catches, 68 yards and a touchdown. The 49ers lost the Super Bowl in overtime to the Kansas City Chiefs, 25-22.

2024

Aiyuk signed a four-year, $120 million contract extension with the 49ers.

Unfortunately, he had his 2024 season cut short after he tore his ACL and MCL during a Week 7 loss in a Super Bowl rematch with the Chiefs. He missed the remainder of the season.

Aiyuk finished the season with 25 catches and 374 yards.

2025

Aiyuk went into his sixth NFL season on the PUP list as he recovered from his ACL and MCL injuries.

In November, San Francisco voided all guarantees in Aiyuk’s contract due to lack of communication and failure to complete the deal, according to The Athletic’s Dianna Russini and Michael Silver. They reported that Aiyuk ‘failed to attend meetings and declined to participate in other team activities.’

Aiyuk told the NFL Players Association that he wouldn’t file a grievance in contest.

He was placed on the reserve/left squad list in December.

That same month, Aiyuk posted a video of himself to his YouTube account that showed him driving past the 49ers home stadium, Levi’s Stadium in Santa Clara, at high speeds exceeding 90 mph, once topping 100 mph, through intersections. The speed limit in that area is 25 mph.

2026

Niners general manager John Lynch says that Aiyuk likely ‘played his last snap’ as a 49er.

Brandon Aiyuk career stats

  • Games played: 69
  • Receptions: 294
  • Yards: 4,305
  • Touchdowns: 25
  • Rush attempts: 13
  • Rush yards: 117
  • Rush touchdowns: 2
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Sean Payton has ideal resource for QB crisis: The Tuna

Sport 6 Mins Read

If there’s anyone who can relate to Sean Payton about now – the Denver Broncos coach is navigating a sudden crisis with quarterback Bo Nix knocked out of the AFC championship game with a season-ending fractured bone in his right ankle – it is Bill Parcells.

The Hall of Fame coach, aka ‘The Tuna,’ guided the New York Giants to a Super Bowl 25 crown with backup quarterback Jeff Hostetler replacing Phil Simms for the stretch run after Simms, ironically, went down with a broken right foot in Week 15 of the 1990 season.

Now, 35 years later, Payton’s team is one victory from advancing to Super Bowl 60, needing backup Jarrett Stidham to, well, turn into a modern-day Hostetler.

That Parcells is Payton’s wise mentor, adds another layer to the plot.

‘I’ve spoken with him. He’s ready to go,’ Parcells told USA TODAY Sports on Tuesday.

Parcells knows all too well how Payton, as New Orleans Saints coach, handled the adversity of losing Drew Brees for five games in 2019 with a torn ligament in his right thumb. Enter Teddy Bridgewater. With Payton pushing the buttons, the Saints went 5-0 without the centerpiece of one of the NFL’s most explosive offenses.

That experience for Payton won’t hurt now.

‘It speaks for itself,’ Parcells grumbled. ‘He’s already been through it. He went through it with Brees. So, he’s done it. He knows what he’s doing.’

It was a given that Payton tapped the Tuna this week, with the New England Patriots coming to Empower Field for the showdown on Sunday. Payton was Parcells’ assistant head coach for three seasons with the Dallas Cowboys, beginning in 2003, before landing his first head coaching job with the Saints. They have remained close over the years, and Payton is hardly shy in expressing his reverence for Parcells, 84, vouching for the influence he has had on his coaching philosophy and style.

And their bond is wrapped in enormous success. Payton ranks 11th on the all-time list for NFL coaching victories (194, including postseason) passing his mentor earlier this season. Parcells is 16th with 183 wins and is one of 14 coaches to win multiple Super Bowls.

In addition to football strategy, the Tuna’s psychological methods surely rubbed off on the Broncos coach. Parcells, for example, was one who would set out mousetraps in the locker room to remind players not to fall into a trap. Payton’s been known to use gas cans as a prop, the message being that they had better not run out of gas.

And Lord knows, like Parcells, Payton, 62, can set a tone with crankiness.

There’s even an inspirational Parcells quote displayed in the hallway of the team’s headquarters, as noted by The Denver Post, that reads: Don’t ever let good enough be good enough.

What a great resource to tap into while in the throes of crisis. If I’m Payton, I’m asking my mentor to take me back to messaging he had for his Giants squad – which included the likes of Lawrence Taylor, Carl Banks, Joe Morris and Mark Bavaro – when Simms suffered his season-ending injury.

If I’m not Payton, I’m asking, too.

‘This is literally what I did: I said, ‘Look, we’re not going to lose or not have a chance to play for a championship because of Jeff Hostetler,” Parcells said. ”It’s going to be one of you other guys.’

‘I used a different word for ‘other guys,’ by the way. It begins with mother, okay? I said, ‘It will be one of you ‘other-blanks’ that screws up something that keeps us out. But he won’t do it. He’ll be ready to go.”

Fast-forward to the present and the gist of those team-oriented, tough-love words from Parcells a generation ago might resonate with the cast surrounding Stidham. In other words, dropped passes, missed blocks, blown coverages and needless penalties, for instance, would be no way to support the fill-in quarterback.

Then there’s a key difference. Hostetler, in his fifth season as Simms’ backup, had an opportunity to ramp up to the pressure-packed postseason. He started the final two regular-season games, and the Giants opened the playoffs with a rout. They won the NFC championship game at San Francisco against the 49ers and the Super Bowl against the Buffalo Bills by a combined total of three points.

Stidham, on the other hand, hasn’t thrown a pass in a real game since 2023. There is no ramp-up acclimation. He is immediately thrown into the fire with a Super Bowl berth at stake. A seventh-year pro, ‘Stiddy,’ as he’s called, was one of Payton’s first free agent signings when the coach arrived in 2023. While there’s undoubtedly a comfort level for Stidham in Payton’s system and vice versa, the minimal action equates to a huge unknown.

‘In fairness to what you’ve seen, which is very limited, he’s ready,’ said Payton, mindful that Stidham sparkled during the preseason and presumably on the practice field. ‘I feel like I have a (No.) 2 (quarterback) that’s capable of starting for a number of teams. I know he feels the same way. So, watch out. Just watch.’

For all Payton has done to establish a culture, revamp personnel and bring winning results during his three seasons, Nix’s injury suddenly poses a challenge that could reveal the level of completeness for this mix. The Broncos absorbed the $85 million salary cap hit for cutting Russell Wilson. They have assembled one of the NFL’s best defenses. They dethroned the Kansas City Chiefs as nine-time defending AFC West champs. They earned the No. 1 seed in the AFC playoffs and won the franchise’s first postseason game in a decade.

Now this. Nix underwent surgery on Tuesday.

Sure, he’s been clutch. Including Sunday, Nix led the Broncos to an NFL-high eight victories this season after trailing in the fourth quarter. Then again, it’s never about just one player and Payton is one of the NFL’s winningest coaches for a reason. There are always adjustments, always fires to put out.

This week, the agenda for Payton and staff, including coordinator Joe Lombardi, is to craft the best plan possible that is tailored to Stidham. That’s not to be confused with reinventing the wheel.

‘It’s almost business as usual,’ Parcells said. ‘Maybe you might have something in there that you’ve seen him do well in practice, on a couple of particular routes that he likes maybe better than (Nix) did. It’s just things like that. You’ve got to talk to the player, too. Find out what he’s confident about, what he feels like. So, you spend a little time doing that prior to making your game plan.’

Parcells’ pupil will surely check those boxes. And then some. Payton will also bring the mindset that the mission is hardly impossible.

Contact Jarrett Bell at jbell@usatoday.com. Follow him on X: @JarrettBell

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1976 gold medalist Dorothy Hamill talks Olympics on USA TODAY podcast

Sport 3 Mins Read

USA TODAY Sports released its latest ‘Milan Magic’ episode covering the 2026 Winter Olympics. In preparation for the Milano Cortina Winter Games, ‘Milan Magic’ hosts Christine Brennan and Brian Boitano — an Olympic gold medal champion figure skater — are covering all topics regarding the games extensively and sitting down with Winter Olympics legends in order to get a behind-the-scenes look at these remarkable winter events.

After an enthralling conversation with ‘Quad God’ Ilia Malinin, the duo have returned, now speaking with 1976 Olympic gold medalist Dorothy Hamill, an icon of the figure skating world.

Hamill did far more than win in the Olympics though. She also won the 1976 World Championships in Gothenburg, Sweden, after winning silver each of the two years prior. She is a four-time United States champion as well (1969, 1974-76).

Despite being diagnosed with osteoarthritis at 40 years old and suffering from chronic back pain. Hamill continued to participate in skating events and shows until 2013.

Hamill spoke on numerous topics including the pressure facing most Olympic figure skaters as they take the ice. She even recalled a time when competing in Munich where the home crowd didn’t appreciate the marks given to the German skater before Hamill, prompting a cascade of boos as Hamill took the ice. Hamill said, ‘I just wanted to get it over with.’ Boitano expanded, recalling that Hamill’s father needed to come over to her to calm her down before she skated, and that Hamill’s toughness to be able to perform one of the greatest routines of her life to that point as boos rained down was one of the best moments of Hamill’s career.

Hamill also took time to discuss the difference in figure skating between now and when she competed.

‘It’s a whole new sport,’ Hamill said. She specifically praised Alysa Liu, the gold medal winner at the 2025 World Championships. Liu contemplated retiring at just 16 years old, even taking a two-year hiatus from the sport in order to experience life outside of her sport.

‘I just have so much admiration for her,’ stated Hamill. ‘In figure skating, if you take two weeks off…I could never do anything, so it’s really special.’

Liu will be participating in the 2026 Olympics after a strong performance at the U.S. championships.

Another aspect of the sport that has changed so drastically since Hamill’s time as a competitor is the involvement of social media.

‘I never had to deal with that,’ Hamill said. ‘For me, if there was even one bad review in the newspaper, that was the only thing I could remember. And that would stick with me forever.’

Hamill’s advice to young skaters is to stay away from social media as much as possible. Even in the accolades, there can be negative connotations that will stick with athletes. She notes that people often tend to look for criticisms while drowning out praise and that can have seriously negative effects on competitors ahead of big competitions.

Those words of wisdom from Hamill and much more are available to ‘Milan Magic’ listeners. You can listen to USA TODAY’s podcast on Apple, Spotify, or wherever you get your podcasts. Watch full episodes on YouTube or on USA TODAY.

Subscribe to USA TODAY’s newsletter: Chasing Gold: Your guide to the 2026 Milano Cortina Winter Games.

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Which 5 active NHL players have the most multi-point games?

Sport 3 Mins Read

Connor McDavid, Nikita Kucherov, Nathan MacKinnon, Macklin Celebrini and Leon Draisaitl are making multi-point outings appear easier than tying skates. 

McDavid and MacKinnon lead with 27, Kucherov has 25, and Celebrini and Draisaitl trail with 20.

A total of 25 NHL players have at least 15 multi-point games heading into play on Wednesday, Jan. 21, and 16 players have at least five games with three points each.

Their otherworldly production creates an ideal opportunity to look at and celebrate the five active players with the most multi-point games over their storied careers. Of this top five, only one sits in the top 10 among all players, active or not.

Most multi-point games among active NHL players

5. Connor McDavid 

McDavid has 356 multi-point outings in 763 career games. He has notched at least two points in about 47% of the games he’s played. That’s 10 percentage points higher than Sidney Crosby.

Only Mario Lemieux (54%) and Wayne Gretzky (55%) scored two or more points at a higher rate than No. 97. 

The Oilers captain also has the most multi-point games in a season among active players, reaching 45 twice.

4. Patrick Kane

Patrick Kane, the highest-scoring active American player, has 362 multi-point outings in 1,337 games. While he doesn’t rack up multi-point games as he did during his glory days with the Chicago Blackhawks, Kane has amassed at least two points at a 27% clip.

Unlike McDavid, you don’t have to worry too much about Kane’s stat changing quickly, as he has eight multi-point games this season and just one in the previous 11 matches. 

Kane’s career best of 31 multi-point games occurred in 2018-19. 

3. Evgeni Malkin

Evgeni Malkin only trails Crosby and Lemieux on the Pittsburgh Penguins’ multi-point outings chart, with 369 in 1,246 games.

He scores at least two points in about 30% of the games he plays. His most multi-point games in a season was 32 in 2008-09, when he also secured a career-high 113 points. 

Malkin got off to a prolific start this season, securing six multi-point outings in the opening 10 games. However, he has just three in the 23 games since. 

2. Alex Ovechkin

The second Russian on this list, Alex Ovechkin, sits 11th all-time in multi-point outings, with 463. He’s seven behind 10th-place Ron Francis.

Having played 1,541 games, Ovechkin gets at least two points in about 30% of his games. He accumulated the most multi-point outings during the 2009-10 season (35) despite playing only 72 games. 

While slowing down is a byproduct of the aging process, the 40-year-old continues to play at a remarkably high level. He has 12 multi-point outings in 2025-26.

1. Sidney Crosby 

Crosby is fifth all-time for players with the most multi-point games. No. 87 has 512 multi-point outings in 1,400 games and sits behind Mark Messier (513), Marcel Dionne (513), Jaromir Jagr (540) and Gretzky (824).

The Penguins’ captain secures multi-point outings at a roughly 37% clip, and his best season came in 2006-07, when he finished with 38 multi-point outings in 79 games. 

He has 19 in 48 games so far this season, equating to a 40% rate.

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Bo Nix on injury: ‘Most devastating football news I’ve ever received’

Sport 2 Mins Read

The Denver Broncos quarterback suffered a season-ending ankle injury during the team’s divisional round win over the Buffalo Bills. It marked Denver’s first playoff win since Super Bowl 50, but the celebration was short-lived after it was revealed Nix had fractured his ankle in overtime.

Head coach Sean Payton revealed the news to reporters after the game, adding that the quarterback was scheduled for surgery on Tuesday, Jan. 20.

On Wednesday, Jan. 21, Nix addressed the injury in an Instagram post:

The last few days have been hard to put into words.

What started as one of the most exciting games I’ve ever been a part of ended with some of the most devastating football news I’ve ever received. This is not how I imagined my season would come to an end, but our season has been defined by overcoming adversity and responding to it.

I can’t express how much this team and organization mean to me and how much I believe in them. I couldn’t be more proud of our guys. I couldn’t be more confident in Jarrett. And I couldn’t be more excited for what’s next.

Thank you for all the kind words, love and support over the last few days. Thankful for my trainers, Beau, Vince and Dr. Waldrop for taking great care of me.

God never says oops, and he is always good. He has big plans for this team. We’re not finished, as a matter of fact we’re just getting started. We’re just going to keep climbing higher.

Go Broncos.

Payton told reporters on Jan. 21 that Nix’s surgery went well.

Nix hasn’t missed a start since the Broncos made him the 12th overall pick in the 2024 NFL Draft, appearing in all 34 regular season games and the two playoff games. It means that Denver will now turn to Jarrett Stidham, the untested backup who has started just four games and appeared in only 20 since entering the league in 2019.

Stidham, who was drafted by the Patriots in the fourth round of the 2019 NFL Draft, will face his former team with a trip to Super Bowl 60 on the line.

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Investing

Excellent Results from 2025 Core Drilling Program at McDermitt

Investing 2 Mins Read

Jindalee Lithium Limited (Jindalee, or the Company; ASX: JLL, OTCQX: JNDAF) is pleased to report assay results from the drilling program at the McDermitt Lithium Project completed late 2025.

  • All holes returned strong lithium and magnesium intercepts from shallow depths, including:
    • R92: 36.5m @ 1951 ppm Li & 5.23% Mg from 24.5m
    • R93: 15.5m @ 1456 ppm Li & 5.45% Mg from 3.6m
    • R94: 66.0m @ 1599 ppm Li & 4.12% Mg from 0.4m
    • R95: 110.6m @ 1519 ppm Li & 4.80% Mg from 23.0m
    • R96: 20.1m @ 1514 ppm Li & 5.29% Mg from 0.4m
  • Three holes twinning earlier RC holes confirmed good correlation with RC results
  • High-quality core samples retained for metallurgical testwork (lithium and magnesium)

Background

On 3 December 2025 Jindalee announced the completion of a large diameter core drilling program at the Company’s 100% owned McDermitt Lithium Project1 (McDermitt, Project), one of the largest lithium deposits in the United States (US) and of global significance2 (Figure 1).

The program comprised five PQ3 (8.5cm diameter) core holes designed to obtain samples for metallurgical testwork to further optimise lithium recoveries, as well as unlock value from the significant magnesium endowment at McDermitt, via the value optimisation program announced late October 20253. The drilling also provided valuable geological and geotechnical data on the deposit, with three of the holes collared to twin reverse circulation (RC) holes drilled in 2021 and 20224.

Discussion

All five holes returned strong lithium and magnesium intercepts from shallow depths as summarised above and in Annexure A. Three holes (R94, R95 and R96) were collared to twin RC holes drilled previously by Jindalee (MDRC-24, MDRC-21 and MDRC-22 respectively), with assays from the recent core holes showing good correlation with the RC results (refer Table 1). Jindalee will now undertake detailed geostatistical analysis to further evaluate the relationship between the results from RC and core drilling to help determine the optimal drilling methods for future programs.

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More High-Grade Gold in Extensional Drilling Points to Growth Potential at Kamperman

Investing 5 Mins Read

Astral Resources NL (ASX: AAR) (Astral or the Company) is pleased to report assay results received from a 17-hole reverse circulation (RC) drill program for 2,954 metres completed at the Kamperman Deposit, part of its 100%-owned Feysville Gold Project (Feysville), located ~14km south of Kalgoorlie in Western Australia (Figure 1).

HIGHLIGHTS

Feysville Project

  • Assay results received for 17 RC holes (2,954m) drilled recently at Kamperman, part of the 100%-owned Feysville Gold Project in WA. The program tested a variety of targets designed both to increase the Mineral Resource and improve understanding of the deposit, with a specific focus on high-grade zones. Best results include:
    • 14m at 6.79g/t Au from 192m including 2m at 23.8g/t Au from 193m (FRC463)
    • 13m at 6.60g/t Au from 44m including 1m at 57.6g/t Au from 46m and 1m at 10.9g/t Au from 48m, 4m at 2.06g/t Au from 62m and 4m at 3.81g/t Au from 88m (FRC457)
    • 21m at 3.11g/t Au from 115m including 1m at 13.4g/t Au from 132m (FRC460)
    • 15m at 3.70g/t Au from 123m including 1m at 16.4g/t Au from 124m and 1m at 21.1g/t Au from 135m, 6m at 2.79g/t Au from 158m, 23m at 2.57g/t Au from 180m including 3m at 13.7g/t Au from 197m and 3m at 2.57g/t Au from 208m (FRC452)
    • 14m at 2.66g/t Au from 179m (FRC461)
    • 27m at 0.78g/t Au from 21m and 25m at 1.68g/t Au from 50m including 1m at 11.7g/t Au from 59m and 1m at 10.5g/t Au from 62m (FRC453)
    • 6m at 4.10g/t Au from 210m including 1m at 13.4g/t Au from 212m (FRC454)
  • The drill program has confirmed the presence of north-west striking high-grade gold mineralisation that is not currently included in the Kamperman Mineral Resource model, as well as confirming depth extensions to the southern lode and additional high-grade mineralisation in the footwall of the southern lode.
Mandilla Project
  • A 4-hole (1,641m) DD program has been completed on the eastern flank of the Theia deposit, part of the 100%-owned Mandilla Gold Project. The drill program was designed to test for a potential steeply dipping sub-parallel mineralised structure to the east of Theia. Best results include:
    • 4.15m at 33.2g/t Au from 164.3m including 0.5m at 269.6g/t Au from 165m, 12.13m at 1.29g/t Au from 173.87m including 0.3m at 23.4g/t Au from 173.87m and 1.79m at 6.21g/t Au from 253.47m including 0.58m at 17.6g/t Au from 253.82m (AMRCD140)
    • 0.3m at 30.7g/t Au from 336.26m (AMRCD139)
  • Quartz, pyrite and visible gold1 were intersected in each of the four holes, confirming the potential for Theia to host additional mineralised structures.
  • A 3-hole (775.6-m) DD program was also completed at Theia. The program was designed to target a previously intersected “230 Shear” structure. Drilling successfully intersected this distinct, narrow high-grade shear zone with best results including:
    • 1.57m at 22.8g/t Au from 168.59m including 0.6m at 59.2g/t Au from 169.56m, 7.12m at 1.42g/t Au from 175.08m including 0.3m at 25.9g/t Au from 175.51m, 8.73m at 0.95g/t Au from 222.44m and 4.90m at 1.28g/t Au from 259m including 0.3m at 13.7g/t Au from 262.07m (AMRCD137)
    • 2.27m at 4.94g/t Au from 161m including 0.47m at 22.8g/t Au from 161.93m and 5.33m at 1.08g/t Au from 202.85m (AMRCD138)

Astral Resources’ Managing Director Marc Ducler said: “The assay results from the recent RC program at Feysville have demonstrated the excellent potential for both the overall gold grade and the deposit size at Kamperman to increase.

“The program was highly successful in achieving its aims to extend interpreted high-grade gold zones beyond the existing Mineral Resource.

“The centrally located drill-hole, FRC457, returned an outstanding intercept of 13m at 6.60g/t Au, representing a very successful extension to a north-west striking high-grade ore shoot which appears to be projecting beyond the current deposit limits.

“Drill-hole FRC463 also returned a spectacular high-grade intercept. Drilled south and well beyond the current Resource testing for a south-plunging ore zone at depth, drilling successfully intersected 14m at 6.79g/t Au from 192m, to confirm one of our deepest zones of high-grade gold mineralisation so far and providing us with a hint of the greater potential still remaining at Kamperman.

“Over the Christmas period, Astral received notice from the DMPE of the grant of our Mining Licence application over areas of Feysville. This marks an important step as we progress towards submission of the Mining Proposal and execution of a JV agreement with Mineral Mining Services for the development of the Think Big Gold Mine. This would establish an early revenue opportunity for Astral against the backdrop of record gold prices to assist with securing overall development funding for the Mandilla Gold Project.

“Meanwhile at the cornerstone Theia deposit at Mandilla, we received assay results from two diamond drill programs, with further outstanding high-grade intercepts recorded.

“The first, a 3-hole program targeting the “230 Shear”, returned results such as 1.57m at 22.7g/t Au and 2.27m at 4.94g/t Au in separate holes, confirming the presence of this discrete, narrow, high-grade shear zone which strikes through the main Theia deposit.

“Importantly the shear, intersected in all three holes, remains mineralised at depth, with the potential to delineate additional sub-parallel repeats both within and extensional to Theia.

“A second 4-hole diamond drill program tested a potential steeply dipping sub-parallel structure to the east of Theia. As an initial positive sign visible gold was logged in all four holes, with a best result including a very high-grade intersection of 4.15m at 33.2g/t Au from 164.3m in hole AMDRCD137.

“Following our successful capital raise completed in December, Astral has funds on hand to maintain an aggressive exploration focus and complete the Mandilla DFS targeting a Final Investment Decision – all while maintaining a significant component of the equity requirement for development of the Mandilla Gold Project.

“Astral has ramped up exploration activities for 2026 with three drill rigs (2 RC and 1 DD rig) currently operating on site.”

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