How Piche Resources Is Expanding Its Uranium Footprint in Ashburton

Strategic Expansion of Ashburton Uranium Footprint

Piche Resources Limited (ASX – PR2) has taken a decisive step to broaden its presence in the Ashburton uranium district of Western Australia by applying for a new tenement, E52/4461. This addition directly adjoins its existing contiguous landholding, increasing the total area under control to 335 square kilometres. The move follows a successful drilling campaign in 2024 that revealed compelling uranium mineralisation across multiple prospects within the project area.

Drilling Validates High-Grade Uranium Potential

The 2024 reverse circulation and diamond drilling program delivered significant intercepts of uranium, measured as equivalent U3O8 grades, with standout results including intervals of up to 10.48 metres at 1,412 ppm eU3O8 and narrower but exceptionally high-grade zones exceeding 5,000 ppm eU3O8. These results confirm the presence of uranium mineralisation at multiple stratigraphic levels, from the key unconformity zone to overlying sandstones and underlying basement rocks. The mineralisation is structurally controlled by northwest-trending faults, a feature now encompassed within the newly applied tenement.

Geological Insights and Regional Significance

Detailed geological logging has identified a previously unrecognised talus flow unit extending along the Angelo area, which remains open for further mineralisation along strike and down-dip. This structural corridor, stretching approximately 60 kilometres from Angelo in the north to Atlantis in the south, hosts multiple zones of uranium mineralisation supported by drilling, geochemical, radiometric, and geophysical data. Notably, historic drilling at Atlantis returned exceptionally high uranium grades, including assays up to 37% U3O8 from rock chip samples.

Context Within Western Australia’s Uranium Landscape

Western Australia is a globally significant uranium province, with nearly 550 million pounds of U3O8 resources spread across 28 known deposits. The Ashburton Project targets a Proterozoic unconformity-style uranium deposit, a type renowned for hosting some of the world’s highest-grade uranium deposits, such as those in Canada’s Athabasca Basin and Australia’s Alligator Rivers region. Despite its uranium potential, the Ashburton area has seen limited exploration over the past four decades, largely due to historically low uranium prices. Piche’s renewed exploration efforts could unlock substantial new resources in this underexplored but highly prospective region.

Looking Ahead

With the new tenement application securing strategic continuity of its landholdings, Piche Resources is well positioned to advance its exploration program. The company’s ongoing work will be closely watched by investors and industry observers eager to see whether the Ashburton Project can evolve into a major uranium resource, contributing to the growing demand for nuclear fuel amid a global energy transition.