Permit Expansion and Drilling Results Raise Stakes for Pine Ridge Project

Strong Drilling Momentum at Pine Ridge

Global Uranium and Enrichment Limited (ASX – GUE) has released encouraging results from its ongoing drilling campaign at the Pine Ridge Uranium Project, located in Wyoming’s Powder River Basin. The latest batch of 15 drill holes, part of a 2025 program totaling 125 planned holes, has confirmed the presence and continuity of uranium mineralisation within two major sandstone units. These results include notable intercepts such as 1.8 metres at 0.055% uranium oxide (U3O8) and 1.7 metres at 0.052%, reinforcing the project’s development potential.

The drilling focuses on delineating roll front mineralisation; a geological formation favourable for In-Situ Recovery (ISR) mining techniques. The sandstone units identified are both geologically and hydrologically isolated, a key factor that supports the feasibility of ISR extraction methods, which are generally more cost-effective and environmentally considerate than conventional mining.

Regulatory Progress and Strategic Location

Adding to the positive exploration news, the project area has recently expanded through the approval of a Bureau of Land Management (BLM) Exploration Permit. This regulatory milestone enables further drilling and exploration activities over a critical section of the Pine Ridge property, underscoring the company’s commitment to advancing the project.

Strategically, Pine Ridge is situated near established uranium operations, including Cameco’s Smith Ranch Mill, one of the largest uranium production facilities in the United States. This proximity offers potential logistical advantages and positions Global Uranium well to capitalize on the resurging uranium market, which has seen spot prices climb above US$80 per pound, buoyed by increased US government support for domestic energy security and critical minerals.

Looking Ahead – Resource Definition and Market Opportunity

With 49 holes completed and over 18,000 metres drilled since mid-July, the company is steadily building a robust geological picture of the Pine Ridge deposit. The identification of 24 continuous and correlatable mineralised roll fronts within the sandstone units suggests a substantial resource base is emerging. As drilling density increases through the remainder of 2025, Global Uranium aims to develop an initial Inferred Mineral Resource Estimate, a critical step toward project advancement.

Managing Director Andrew Ferrier highlighted the alignment of the project’s progress with the uranium market’s momentum, emphasizing the company’s readiness to leverage its portfolio amid a nuclear energy renaissance. The ongoing exploration and forthcoming resource estimates will be closely watched by investors seeking exposure to uranium’s growing role in clean energy and national security.