Global Uranium Uncovers New High-Grade Zones at Pine Ridge Project

Strong Momentum at Pine Ridge

Global Uranium and Enrichment Limited (ASX, GUE) has delivered another round of encouraging drill results from its flagship Pine Ridge Uranium Project in Wyoming’s Powder River Basin. The ongoing 2025 drilling campaign, now encompassing 33 holes and over 12,500 metres, continues to validate the project’s robust development potential through the identification of multiple uranium-bearing roll-front mineralisation zones.

The recent intercepts include notable intervals such as 3.5 metres at 0.054% U3O8 and a high-grade 1.1 metres at 0.078% U3O8, demonstrating the presence of economically significant uranium concentrations. These results stem from wide-spaced drilling designed to aggressively explore the redox boundaries across stacked sand horizons, a hallmark of the deposit’s geology.

Strategic Location and Project Context

Situated in the premier US uranium mining region, Pine Ridge benefits from proximity to established operations, including Cameco’s Smith Ranch Mill located just 15 kilometres away. This mill is one of the largest uranium production facilities in the country, licensed to process 5.5 million pounds of U3O8 annually. The project’s location within the Powder River structural basin, combined with its geological setting in the Eocene and Paleocene sandstones, positions it well for in-situ recovery mining methods.

Global Uranium’s Managing Director, Andrew Ferrier, highlighted that the drilling program is confirming and extending multiple redox boundaries, which are critical to defining the uranium resource. The company plans to continue drilling through November 2025, targeting a total of 125 holes and approximately 38,000 metres, with the objective of advancing towards a JORC-compliant resource estimate.

Technical Approach and Next Steps

The drill program employs vertical mud rotary drilling combined with downhole gamma sondes to measure natural gamma radiation, providing equivalent uranium grades (eU3O8). While these results are based on radiometric logging rather than direct assay, they offer a reliable early indication of mineralisation. The wide spacing of holes to date means that infill drilling will be necessary to confirm continuity and support resource classification.

Beyond Pine Ridge, Global Uranium maintains a diversified portfolio of uranium assets across the US and Canada, including projects in Colorado, Saskatchewan’s Athabasca Basin, and Utah, as well as a strategic investment in Australian uranium enrichment technology. This breadth positions the company to capitalize on the growing momentum behind nuclear energy and uranium demand.

As the Pine Ridge drilling progresses, investors will be watching closely for further assay confirmations and resource updates that could underpin the project’s advancement towards development and production.