Pine Ridge Targets Up to 51 Million Pounds of Uranium in Wyoming Drill Campaign

Strategic Expansion in a Premier Uranium Basin

Global Uranium and Enrichment Limited (ASX: GUE) has announced a significant step forward for its flagship Pine Ridge Uranium Project, located in Wyoming’s Powder River Basin, the United States’ leading uranium-producing region. The company, through its 50/50 joint venture with Snow Lake Energy, plans to commence a substantial exploration drilling program of approximately 38,000 metres starting in July 2025.

This initiative builds on an extensive legacy of over 1,200 historical drill holes conducted by previous operators such as Conoco and Stakeholder Energy. By integrating this data into a comprehensive 3D geological model, the joint venture has identified numerous priority targets poised for rapid evaluation.

Unlocking a Large Exploration Target

The Pine Ridge Project boasts an established Exploration Target ranging between 24.4 and 51.3 million pounds of uranium oxide (U3O8) at average grades of 0.031% to 0.040%. While this target remains conceptual and not yet compliant with JORC mineral resource standards, it reflects the project's considerable potential. The planned drilling campaign aims to methodically test these priority zones to validate and potentially expand this target.

Strategically, Pine Ridge is advantageously positioned near existing uranium infrastructure, including Cameco’s Smith Ranch Mill, one of the largest uranium production facilities in the US. This proximity could facilitate future development and production efficiencies.

Leveraging Expertise and Favorable Conditions

To support the exploration program, Global Uranium has engaged SOLA Project Services, with principal Bryan Soliz bringing over 25 years of regional experience, including work at adjacent ISR operations. The company anticipates receiving all necessary permits by late June, enabling drilling to commence shortly thereafter.

Managing Director Andrew Ferrier highlighted the project’s transformational potential, emphasizing the team’s commitment to accelerating exploration and development activities. The Powder River Basin’s favorable regulatory environment and streamlined permitting processes further enhance the project's attractiveness.

Broader Portfolio and Market Context

Global Uranium’s Pine Ridge project is part of a broader portfolio that includes high-grade assets in the Athabasca Basin, Colorado, and Utah, as well as a strategic stake in Australian uranium enrichment technology. This diversified approach positions the company to capitalize on the ongoing nuclear energy renaissance and growing demand for uranium.

As the company embarks on what promises to be its busiest year yet, investors will be watching closely for drilling results that could underpin a maiden Mineral Resource Estimate and subsequent scoping studies.