# Maiden Drilling Confirms Uranium Discovery at ULG

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/maiden-drilling-confirms-uranium-discovery-at-ulg--376f33f0-a68e-4697-8146-b28240a20444

Original source: https://www.londonstockexchange.com/news-article/ARK/maiden-drilling-confirms-uranium-discovery-at-ulg/17832100

Publisher: lse

Original announcement: 2026-10-13T05:00:03.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-10-13T08:50:59.231Z

Atlas analysis updated: 2026-10-13T08:50:59.231Z

- Company: Arkle Resources PLC

- Ticker: ARK

- Exchange: LSE

- Region: Namibia

- Primary commodity: Uranium

- Secondary commodities: None reported

- Document categories: Drill results

- Extracted: 2026-10-13 08:50:59 UTC

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas summary

Arkle Resources PLC announced a significant uranium discovery at its ULG target in Namibia, with maiden reconnaissance drilling confirming mineralization in eight of nine holes across a 1.4 km by 0.6 km footprint. The drilling intersected thick, near-surface uranium mineralization, including higher-grade sheets, and the system remains open at depth, showing grades comparable to regional bulk-tonnage open-pit deposits. Follow-up drilling is planned for November to further define the target towards a maiden Mineral Resource estimate.

Reasoning: Maiden drilling at the ULG target confirmed a significant uranium discovery with multiple thick intercepts, including higher-grade zones, from surface and remaining open at depth, indicating potential for a bulk-tonnage open-pit system comparable to other regional deposits.

- Positive factor: Maiden drilling confirmed a significant uranium discovery at the ULG target.

- Positive factor: Multiple thick intercepts, including higher-grade zones, were encountered from surface.

- Positive factor: Mineralization remains open at depth, indicating further potential.

- Positive factor: Grades are comparable to regional bulk-tonnage open-pit deposits.

- Positive factor: The company has a Qualified Person \(QP\) sign-off for the technical information.

- Positive factor: Compositing rules and cut-off grades are clearly disclosed.

- Negative factor: True width of intercepts is not stated, only apparent downhole length.

Facts used in scoring: 41

## Classification and evidence

**Maiden Drilling**

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: This announcement reports the results of the first drilling program at the ULG target.

Evidence · text

> Maiden Drilling Confirms Uranium Discovery at ULG

**High Grade Intercept**

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: Individual metres grade up to 421 ppm U3O8, and several intercepts exceed 200 ppm U3O8, which is significantly above the regional average grades of 135-225 ppm for this deposit type.

Evidence · text

> individual metres grade up to 421 ppm U₃O₈, 16 one-metre samples from five holes exceed 200 ppm U₃O₈

**Step-Out Extension**

Polarity: positive

Definition: Mineralization extended beyond the previously known limit.

Why it applies: Three holes ended in mineralization, and the company plans follow-up drilling to test the system at depth and laterally, indicating the discovery is open at depth and along strike.

Evidence · text

> R068, R069 and R070 end in mineralisation, including 3 m at 133 ppm U₃O₈ from 97 m to the end of R070, and R063 intersected 2 m at 114 ppm U₃O₈ from 197 m, close to 200 m downhole.

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: The release mentions laboratory assays from Activation Laboratories, downhole GRS data processed by Terratec, and a Qualified Person \(P.Geo\) sign-off.

Evidence · text

> Uranium grades reported in this announcement are laboratory assay results from Activation Laboratories unless stated otherwise. Downhole gamma ray spectrometry results, where referred to, were produced and processed by Terratec

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: The release clearly states the cut-off grade, minimum width, maximum internal dilution, and shoulder rules used for reporting intercepts.

Evidence · text

> Intercepts are reported at a 100 ppm U₃O₈ lower cut, with a 1 m minimum width, a maximum of 5 consecutive metres of internal dilution, up to 1 m of sub-cut-off shoulder at each end and a composite grade of at least 100 ppm U₃O₈

**Apparent Width Only**

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Why it applies: The document reports downhole lengths for all intercepts without providing true width estimates or sufficient information to infer true width.

Evidence · text

> All depths reported downhole.

**Open Pit Potential**

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: The deposit is described as a bulk-tonnage, open-pit system with mineralization from surface, comparable to other regional open-pit mines.

Evidence · text

> The leucogranite deposits of the central Erongo are bulk-tonnage, open-pit systems in which width and continuity from surface matter as much as grade

**Regional Comparability**

Polarity: neutral

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: The reported grades are explicitly compared to and found to be of the same order as established regional resources and development projects.

Evidence · text

> Grades Comparable With Regional Resources: intercepts are reported above 100 ppm U₃O₈, the cut-off at which Bannerman Energy \(ASX: BMN\) reports its headline Etango resource. The region's development projects, Asarian Energy's Norasa \(TSX: ARN\), Etango and Deep Yellow's Omahola \(ASX: DYL\), report resources at cut-off grades of 100 ppm U₃O₈ or lower and average grades of about 135 to 225 ppm U₃O₈, the same order as the thick ULG intercepts.

**Continuity Confirmed**

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: Eight of nine holes intersected uranium above 100 ppm U3O8 across a significant footprint, and several holes ended in mineralization, confirming continuity from surface to depth.

Evidence · text

> Eight of the nine holes intersected uranium above 100 parts per million \(ppm\) of uranium oxide \(U₃O₈\) across approximately 1.4 km by 0.6 km, matching the footprint defined at surface.

## Extracted facts

Stored fact records: 41. Some facts used in scoring do not have a stored record.

## Drill Results (41)

### R062

[Link to this fact](https://atlas-staging.minestarters.com/news/maiden-drilling-confirms-uranium-discovery-at-ulg--376f33f0-a68e-4697-8146-b28240a20444#fact-drill-facts-0)

Erongo Uranium · uranium

#### Identity

- Hole ID: R062
- Project: Erongo Uranium
- Commodity: uranium
- Region: namibia
- Reported Region: namibia
- Ticker: ARK

#### Geometry

- Grade: 112
- Grade Unit: ppm U₃O₈
- Intercept: 2 m
- From: 63 m
- To: 65 m
- Hole Depth: 120 m
- Intercept Depth: 63 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: R062:63-65
- Mining Method: open\_pit

#### Location

- Loc. Confidence: medium

#### QA/QC

- Laboratory: Activation Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Compositing

- Cutoff Grade: 100
- Cutoff Unit: ppm U₃O₈
- Dilution Disclosed: Yes
- Max Dilution: 5 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: Intercept of 2m at 112 ppm U3O8 is above the 100 ppm cut-off and contributes to the maiden discovery, but is a relatively narrow and lower-grade intercept compared to other results in the program.

- Negative factor: Apparent width only

Evidence · table

> 112

Context: 2.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

### R062

[Link to this fact](https://atlas-staging.minestarters.com/news/maiden-drilling-confirms-uranium-discovery-at-ulg--376f33f0-a68e-4697-8146-b28240a20444#fact-drill-facts-1)

Erongo Uranium · uranium

#### Identity

- Hole ID: R062
- Project: Erongo Uranium
- Commodity: uranium
- Region: namibia
- Reported Region: namibia
- Ticker: ARK

#### Geometry

- Grade: 103
- Grade Unit: ppm U₃O₈
- Intercept: 2 m
- From: 81 m
- To: 83 m
- Hole Depth: 120 m
- Intercept Depth: 63 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: R062:81-83
- Mining Method: open\_pit

#### Location

- Loc. Confidence: medium

#### QA/QC

- Laboratory: Activation Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Compositing

- Cutoff Grade: 100
- Cutoff Unit: ppm U₃O₈
- Dilution Disclosed: Yes
- Max Dilution: 5 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: Intercept of 2m at 103 ppm U3O8 is above the 100 ppm cut-off and contributes to the maiden discovery, but is a relatively narrow and lower-grade intercept compared to other results in the program.

- Negative factor: Apparent width only

Evidence · table

> 103

Context: 2.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

### R062

[Link to this fact](https://atlas-staging.minestarters.com/news/maiden-drilling-confirms-uranium-discovery-at-ulg--376f33f0-a68e-4697-8146-b28240a20444#fact-drill-facts-2)

Erongo Uranium · uranium

#### Identity

- Hole ID: R062
- Project: Erongo Uranium
- Commodity: uranium
- Region: namibia
- Reported Region: namibia
- Ticker: ARK

#### Geometry

- Grade: 102
- Grade Unit: ppm U₃O₈
- Intercept: 1 m
- From: 110 m
- To: 111 m
- Hole Depth: 120 m
- Intercept Depth: 63 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: R062:110-111
- Mining Method: open\_pit

#### Location

- Loc. Confidence: medium

#### QA/QC

- Laboratory: Activation Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Compositing

- Cutoff Grade: 100
- Cutoff Unit: ppm U₃O₈
- Dilution Disclosed: Yes
- Max Dilution: 5 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: Intercept of 1m at 102 ppm U3O8 is at the cut-off and is a narrow, lower-grade intercept, contributing marginally to the overall discovery.

- Negative factor: Apparent width only

Evidence · table

> 102

Context: 1.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

### R063

[Link to this fact](https://atlas-staging.minestarters.com/news/maiden-drilling-confirms-uranium-discovery-at-ulg--376f33f0-a68e-4697-8146-b28240a20444#fact-drill-facts-3)

Erongo Uranium · uranium

#### Identity

- Hole ID: R063
- Project: Erongo Uranium
- Commodity: uranium
- Region: namibia
- Reported Region: namibia
- Ticker: ARK

#### Geometry

- Grade: 103
- Grade Unit: ppm U₃O₈
- Intercept: 1 m
- From: 100 m
- To: 101 m
- Hole Depth: 200 m
- Intercept Depth: 100 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: R063:100-101
- Mining Method: open\_pit

#### Location

- Loc. Confidence: medium

#### QA/QC

- Laboratory: Activation Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Compositing

- Cutoff Grade: 100
- Cutoff Unit: ppm U₃O₈
- Dilution Disclosed: Yes
- Max Dilution: 5 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: Intercept of 1m at 103 ppm U3O8 is at the cut-off and is a narrow, lower-grade intercept, contributing marginally to the overall discovery.

- Negative factor: Apparent width only

Evidence · table

> 103

Context: 1.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

### R063

[Link to this fact](https://atlas-staging.minestarters.com/news/maiden-drilling-confirms-uranium-discovery-at-ulg--376f33f0-a68e-4697-8146-b28240a20444#fact-drill-facts-4)

Erongo Uranium · uranium

#### Identity

- Hole ID: R063
- Project: Erongo Uranium
- Commodity: uranium
- Region: namibia
- Reported Region: namibia
- Ticker: ARK

#### Geometry

- Grade: 108
- Grade Unit: ppm U₃O₈
- Intercept: 1 m
- From: 188 m
- To: 189 m
- Hole Depth: 200 m
- Intercept Depth: 100 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: R063:188-189
- Mining Method: open\_pit

#### Location

- Loc. Confidence: medium

#### QA/QC

- Laboratory: Activation Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Compositing

- Cutoff Grade: 100
- Cutoff Unit: ppm U₃O₈
- Dilution Disclosed: Yes
- Max Dilution: 5 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: Intercept of 1m at 108 ppm U3O8 is above the 100 ppm cut-off and contributes to the maiden discovery, but is a relatively narrow and lower-grade intercept.

- Negative factor: Apparent width only

Evidence · table

> 108

Context: 1.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

### R063

[Link to this fact](https://atlas-staging.minestarters.com/news/maiden-drilling-confirms-uranium-discovery-at-ulg--376f33f0-a68e-4697-8146-b28240a20444#fact-drill-facts-5)

Erongo Uranium · uranium

#### Identity

- Hole ID: R063
- Project: Erongo Uranium
- Commodity: uranium
- Region: namibia
- Reported Region: namibia
- Ticker: ARK

#### Geometry

- Grade: 114
- Grade Unit: ppm U₃O₈
- Intercept: 2 m
- From: 197 m
- To: 199 m
- Hole Depth: 200 m
- Intercept Depth: 100 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: R063:197-199
- Mining Method: open\_pit

#### Location

- Loc. Confidence: medium

#### QA/QC

- Laboratory: Activation Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Compositing

- Cutoff Grade: 100
- Cutoff Unit: ppm U₃O₈
- Dilution Disclosed: Yes
- Max Dilution: 5 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: Intercept of 2m at 114 ppm U3O8 is above the 100 ppm cut-off and is significant as it occurs near the end of the hole, indicating potential for depth extension.

- Positive factor: Intercept is near the end of the hole, suggesting mineralization is open at depth.

- Negative factor: Apparent width only

Evidence · table

> 114

Context: 2.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

### R064

[Link to this fact](https://atlas-staging.minestarters.com/news/maiden-drilling-confirms-uranium-discovery-at-ulg--376f33f0-a68e-4697-8146-b28240a20444#fact-drill-facts-6)

sampled and drill-tested uranium · uranium

#### Identity

- Hole ID: R064
- Project: sampled and drill-tested uranium
- Commodity: uranium
- Region: namibia
- Reported Region: namibia
- Ticker: ARK

#### Geometry

- Grade: 123
- Grade Unit: ppm U₃O₈
- Intercept: 18 m
- From: 79 m
- To: 97 m
- Hole Depth: 160 m
- Intercept Depth: 79 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: R064:79-97
- Mining Method: open\_pit

#### Location

- Loc. Confidence: medium

#### QA/QC

- Laboratory: Activation Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Compositing

- Cutoff Grade: 100
- Cutoff Unit: ppm U₃O₈
- Dilution Disclosed: Yes
- Max Dilution: 5 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: A thick intercept of 18m at 123 ppm U3O8 is a strong result for this bulk-tonnage open-pit style deposit, contributing significantly to the discovery.

- Positive factor: Significant intercept length of 18m at a good grade for the deposit type.

- Positive factor: Comparable to regional resources.

- Negative factor: Apparent width only

Evidence · table

> 123

Context: 18.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

### R064

[Link to this fact](https://atlas-staging.minestarters.com/news/maiden-drilling-confirms-uranium-discovery-at-ulg--376f33f0-a68e-4697-8146-b28240a20444#fact-drill-facts-7)

sampled and drill-tested uranium · uranium

#### Identity

- Hole ID: R064
- Project: sampled and drill-tested uranium
- Commodity: uranium
- Region: namibia
- Reported Region: namibia
- Ticker: ARK

#### Geometry

- Grade: 228
- Grade Unit: ppm U₃O₈
- Intercept: 1 m
- From: 80 m
- To: 81 m
- Hole Depth: 160 m
- Intercept Depth: 79 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: R064:80-81
- Mining Method: open\_pit

#### Location

- Loc. Confidence: medium

#### QA/QC

- Laboratory: Activation Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Compositing

- Cutoff Grade: 100
- Cutoff Unit: ppm U₃O₈
- Dilution Disclosed: Yes
- Max Dilution: 5 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: A 1m intercept at 228 ppm U3O8 represents a high-grade sheet within the broader mineralization, which is very positive for the project's overall grade potential.

- Positive factor: High-grade intercept for the deposit type, exceeding 200 ppm U3O8.

- Negative factor: Apparent width only

Evidence · table

> 228

Context: 1.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

### R064

[Link to this fact](https://atlas-staging.minestarters.com/news/maiden-drilling-confirms-uranium-discovery-at-ulg--376f33f0-a68e-4697-8146-b28240a20444#fact-drill-facts-8)

sampled and drill-tested uranium · uranium

#### Identity

- Hole ID: R064
- Project: sampled and drill-tested uranium
- Commodity: uranium
- Region: namibia
- Reported Region: namibia
- Ticker: ARK

#### Geometry

- Grade: 229
- Grade Unit: ppm U₃O₈
- Intercept: 1 m
- From: 84 m
- To: 85 m
- Hole Depth: 160 m
- Intercept Depth: 79 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: R064:84-85
- Mining Method: open\_pit

#### Location

- Loc. Confidence: medium

#### QA/QC

- Laboratory: Activation Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Compositing

- Cutoff Grade: 100
- Cutoff Unit: ppm U₃O₈
- Dilution Disclosed: Yes
- Max Dilution: 5 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: A 1m intercept at 229 ppm U3O8 represents a high-grade sheet within the broader mineralization, which is very positive for the project's overall grade potential.

- Positive factor: High-grade intercept for the deposit type, exceeding 200 ppm U3O8.

- Negative factor: Apparent width only

Evidence · table

> 229

Context: 1.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

### R064

[Link to this fact](https://atlas-staging.minestarters.com/news/maiden-drilling-confirms-uranium-discovery-at-ulg--376f33f0-a68e-4697-8146-b28240a20444#fact-drill-facts-9)

sampled and drill-tested uranium · uranium

#### Identity

- Hole ID: R064
- Project: sampled and drill-tested uranium
- Commodity: uranium
- Region: namibia
- Reported Region: namibia
- Ticker: ARK

#### Geometry

- Grade: 230
- Grade Unit: ppm U₃O₈
- Intercept: 1 m
- From: 90 m
- To: 91 m
- Hole Depth: 160 m
- Intercept Depth: 79 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: R064:90-91
- Mining Method: open\_pit

#### Location

- Loc. Confidence: medium

#### QA/QC

- Laboratory: Activation Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Compositing

- Cutoff Grade: 100
- Cutoff Unit: ppm U₃O₈
- Dilution Disclosed: Yes
- Max Dilution: 5 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: A 1m intercept at 230 ppm U3O8 represents a high-grade sheet within the broader mineralization, which is very positive for the project's overall grade potential.

- Positive factor: High-grade intercept for the deposit type, exceeding 200 ppm U3O8.

- Negative factor: Apparent width only

Evidence · table

> 230

Context: 1.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

### R064

[Link to this fact](https://atlas-staging.minestarters.com/news/maiden-drilling-confirms-uranium-discovery-at-ulg--376f33f0-a68e-4697-8146-b28240a20444#fact-drill-facts-10)

sampled and drill-tested uranium · uranium

#### Identity

- Hole ID: R064
- Project: sampled and drill-tested uranium
- Commodity: uranium
- Region: namibia
- Reported Region: namibia
- Ticker: ARK

#### Geometry

- Grade: 100
- Grade Unit: ppm U₃O₈
- Intercept: 3 m
- From: 146 m
- To: 149 m
- Hole Depth: 160 m
- Intercept Depth: 79 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: R064:146-149
- Mining Method: open\_pit

#### Location

- Loc. Confidence: medium

#### QA/QC

- Laboratory: Activation Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Compositing

- Cutoff Grade: 100
- Cutoff Unit: ppm U₃O₈
- Dilution Disclosed: Yes
- Max Dilution: 5 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: Intercept of 3m at 100 ppm U3O8 is at the cut-off and is a narrow, lower-grade intercept, contributing marginally to the overall discovery.

- Negative factor: Apparent width only

Evidence · table

> 100

Context: 3.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

### R064

[Link to this fact](https://atlas-staging.minestarters.com/news/maiden-drilling-confirms-uranium-discovery-at-ulg--376f33f0-a68e-4697-8146-b28240a20444#fact-drill-facts-11)

sampled and drill-tested uranium · uranium

#### Identity

- Hole ID: R064
- Project: sampled and drill-tested uranium
- Commodity: uranium
- Region: namibia
- Reported Region: namibia
- Ticker: ARK

#### Geometry

- Grade: 111
- Grade Unit: ppm U₃O₈
- Intercept: 1 m
- From: 152 m
- To: 153 m
- Hole Depth: 160 m
- Intercept Depth: 79 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: R064:152-153
- Mining Method: open\_pit

#### Location

- Loc. Confidence: medium

#### QA/QC

- Laboratory: Activation Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Compositing

- Cutoff Grade: 100
- Cutoff Unit: ppm U₃O₈
- Dilution Disclosed: Yes
- Max Dilution: 5 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: Intercept of 1m at 111 ppm U3O8 is above the 100 ppm cut-off and contributes to the maiden discovery, but is a relatively narrow and lower-grade intercept.

- Negative factor: Apparent width only

Evidence · table

> 111

Context: 1.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

### R064

[Link to this fact](https://atlas-staging.minestarters.com/news/maiden-drilling-confirms-uranium-discovery-at-ulg--376f33f0-a68e-4697-8146-b28240a20444#fact-drill-facts-12)

sampled and drill-tested uranium · uranium

#### Identity

- Hole ID: R064
- Project: sampled and drill-tested uranium
- Commodity: uranium
- Region: namibia
- Reported Region: namibia
- Ticker: ARK

#### Geometry

- Grade: 111
- Grade Unit: ppm U₃O₈
- Intercept: 1 m
- From: 154 m
- To: 155 m
- Hole Depth: 160 m
- Intercept Depth: 79 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: R064:154-155
- Mining Method: open\_pit

#### Location

- Loc. Confidence: medium

#### QA/QC

- Laboratory: Activation Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Compositing

- Cutoff Grade: 100
- Cutoff Unit: ppm U₃O₈
- Dilution Disclosed: Yes
- Max Dilution: 5 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: Intercept of 1m at 111 ppm U3O8 is above the 100 ppm cut-off and contributes to the maiden discovery, but is a relatively narrow and lower-grade intercept.

- Negative factor: Apparent width only

Evidence · table

> 111

Context: 1.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

### R065

[Link to this fact](https://atlas-staging.minestarters.com/news/maiden-drilling-confirms-uranium-discovery-at-ulg--376f33f0-a68e-4697-8146-b28240a20444#fact-drill-facts-13)

Erongo Uranium · uranium

#### Identity

- Hole ID: R065
- Project: Erongo Uranium
- Commodity: uranium
- Region: namibia
- Reported Region: namibia
- Ticker: ARK

#### Geometry

- Grade: 142
- Grade Unit: ppm U₃O₈
- Intercept: 1 m
- From: 13 m
- To: 14 m
- Hole Depth: 150 m
- Intercept Depth: 13 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: R065:13-14
- Mining Method: open\_pit

#### Location

- Loc. Confidence: medium

#### QA/QC

- Laboratory: Activation Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Compositing

- Cutoff Grade: 100
- Cutoff Unit: ppm U₃O₈
- Dilution Disclosed: Yes
- Max Dilution: 5 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: Intercept of 1m at 142 ppm U3O8 is a good grade for the deposit type, contributing to the maiden discovery, but is a narrow intercept.

- Negative factor: Apparent width only

Evidence · table

> 142

Context: 1.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

### R065

[Link to this fact](https://atlas-staging.minestarters.com/news/maiden-drilling-confirms-uranium-discovery-at-ulg--376f33f0-a68e-4697-8146-b28240a20444#fact-drill-facts-14)

Erongo Uranium · uranium

#### Identity

- Hole ID: R065
- Project: Erongo Uranium
- Commodity: uranium
- Region: namibia
- Reported Region: namibia
- Ticker: ARK

#### Geometry

- Grade: 120
- Grade Unit: ppm U₃O₈
- Intercept: 4 m
- From: 107 m
- To: 111 m
- Hole Depth: 150 m
- Intercept Depth: 13 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: R065:107-111
- Mining Method: open\_pit

#### Location

- Loc. Confidence: medium

#### QA/QC

- Laboratory: Activation Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Compositing

- Cutoff Grade: 100
- Cutoff Unit: ppm U₃O₈
- Dilution Disclosed: Yes
- Max Dilution: 5 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: Intercept of 4m at 120 ppm U3O8 is a good grade and width for the deposit type, contributing to the maiden discovery.

- Negative factor: Apparent width only

Evidence · table

> 120

Context: 4.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

### R065

[Link to this fact](https://atlas-staging.minestarters.com/news/maiden-drilling-confirms-uranium-discovery-at-ulg--376f33f0-a68e-4697-8146-b28240a20444#fact-drill-facts-15)

Erongo Uranium · uranium

#### Identity

- Hole ID: R065
- Project: Erongo Uranium
- Commodity: uranium
- Region: namibia
- Reported Region: namibia
- Ticker: ARK

#### Geometry

- Grade: 208
- Grade Unit: ppm U₃O₈
- Intercept: 1 m
- From: 108 m
- To: 109 m
- Hole Depth: 150 m
- Intercept Depth: 13 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: R065:108-109
- Mining Method: open\_pit

#### Location

- Loc. Confidence: medium

#### QA/QC

- Laboratory: Activation Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Compositing

- Cutoff Grade: 100
- Cutoff Unit: ppm U₃O₈
- Dilution Disclosed: Yes
- Max Dilution: 5 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: A 1m intercept at 208 ppm U3O8 represents a high-grade sheet within the broader mineralization, which is very positive for the project's overall grade potential.

- Positive factor: High-grade intercept for the deposit type, exceeding 200 ppm U3O8.

- Negative factor: Apparent width only

Evidence · table

> 208

Context: 1.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

### R066

[Link to this fact](https://atlas-staging.minestarters.com/news/maiden-drilling-confirms-uranium-discovery-at-ulg--376f33f0-a68e-4697-8146-b28240a20444#fact-drill-facts-16)

sampled and drill-tested uranium · uranium

#### Identity

- Hole ID: R066
- Project: sampled and drill-tested uranium
- Commodity: uranium
- Region: namibia
- Reported Region: namibia
- Ticker: ARK

#### Geometry

- Grade: 167
- Grade Unit: ppm U₃O₈
- Intercept: 3 m
- From: 0 m
- To: 3 m
- Hole Depth: 154 m
- Intercept Depth: 0 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: R066:0-3
- Mining Method: open\_pit

#### Location

- Loc. Confidence: medium

#### QA/QC

- Laboratory: Activation Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Compositing

- Cutoff Grade: 100
- Cutoff Unit: ppm U₃O₈
- Dilution Disclosed: Yes
- Max Dilution: 5 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: A near-surface intercept of 3m at 167 ppm U3O8 is a strong result, supporting the bulk-tonnage open-pit potential of the discovery.

- Positive factor: Intercept from surface, indicating potential for open-pit mining.

- Positive factor: Good grade for the deposit type.

- Negative factor: Apparent width only

Evidence · table

> 167

Context: 3.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

### R066

[Link to this fact](https://atlas-staging.minestarters.com/news/maiden-drilling-confirms-uranium-discovery-at-ulg--376f33f0-a68e-4697-8146-b28240a20444#fact-drill-facts-17)

sampled and drill-tested uranium · uranium

#### Identity

- Hole ID: R066
- Project: sampled and drill-tested uranium
- Commodity: uranium
- Region: namibia
- Reported Region: namibia
- Ticker: ARK

#### Geometry

- Grade: 421
- Grade Unit: ppm U₃O₈
- Intercept: 1 m
- From: 1 m
- To: 2 m
- Hole Depth: 154 m
- Intercept Depth: 0 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: R066:1-2
- Mining Method: open\_pit

#### Location

- Loc. Confidence: medium

#### QA/QC

- Laboratory: Activation Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Compositing

- Cutoff Grade: 100
- Cutoff Unit: ppm U₃O₈
- Dilution Disclosed: Yes
- Max Dilution: 5 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: A 1m intercept at 421 ppm U3O8 is an exceptionally high-grade result for this deposit type, indicating the presence of very rich zones within the mineralization.

- Positive factor: Exceptional high-grade intercept for the deposit type, significantly above regional averages.

- Positive factor: Near-surface, supporting open-pit potential.

- Negative factor: Apparent width only

Evidence · table

> 421

Context: 1.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

### R066

[Link to this fact](https://atlas-staging.minestarters.com/news/maiden-drilling-confirms-uranium-discovery-at-ulg--376f33f0-a68e-4697-8146-b28240a20444#fact-drill-facts-18)

sampled and drill-tested uranium · uranium

#### Identity

- Hole ID: R066
- Project: sampled and drill-tested uranium
- Commodity: uranium
- Region: namibia
- Reported Region: namibia
- Ticker: ARK

#### Geometry

- Grade: 105
- Grade Unit: ppm U₃O₈
- Intercept: 3 m
- From: 109 m
- To: 112 m
- Hole Depth: 154 m
- Intercept Depth: 0 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: R066:109-112
- Mining Method: open\_pit

#### Location

- Loc. Confidence: medium

#### QA/QC

- Laboratory: Activation Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Compositing

- Cutoff Grade: 100
- Cutoff Unit: ppm U₃O₈
- Dilution Disclosed: Yes
- Max Dilution: 5 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: Intercept of 3m at 105 ppm U3O8 is above the 100 ppm cut-off and contributes to the maiden discovery, but is a relatively narrow and lower-grade intercept.

- Negative factor: Apparent width only

Evidence · table

> 105

Context: 3.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

### R066

[Link to this fact](https://atlas-staging.minestarters.com/news/maiden-drilling-confirms-uranium-discovery-at-ulg--376f33f0-a68e-4697-8146-b28240a20444#fact-drill-facts-19)

sampled and drill-tested uranium · uranium

#### Identity

- Hole ID: R066
- Project: sampled and drill-tested uranium
- Commodity: uranium
- Region: namibia
- Reported Region: namibia
- Ticker: ARK

#### Geometry

- Grade: 241
- Grade Unit: ppm U₃O₈
- Intercept: 1 m
- From: 110 m
- To: 111 m
- Hole Depth: 154 m
- Intercept Depth: 0 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: R066:110-111
- Mining Method: open\_pit

#### Location

- Loc. Confidence: medium

#### QA/QC

- Laboratory: Activation Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Compositing

- Cutoff Grade: 100
- Cutoff Unit: ppm U₃O₈
- Dilution Disclosed: Yes
- Max Dilution: 5 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: A 1m intercept at 241 ppm U3O8 represents a high-grade sheet within the broader mineralization, which is very positive for the project's overall grade potential.

- Positive factor: High-grade intercept for the deposit type, exceeding 200 ppm U3O8.

- Negative factor: Apparent width only

Evidence · table

> 241

Context: 1.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

### R066

[Link to this fact](https://atlas-staging.minestarters.com/news/maiden-drilling-confirms-uranium-discovery-at-ulg--376f33f0-a68e-4697-8146-b28240a20444#fact-drill-facts-20)

sampled and drill-tested uranium · uranium

#### Identity

- Hole ID: R066
- Project: sampled and drill-tested uranium
- Commodity: uranium
- Region: namibia
- Reported Region: namibia
- Ticker: ARK

#### Geometry

- Grade: 111
- Grade Unit: ppm U₃O₈
- Intercept: 1 m
- From: 124 m
- To: 125 m
- Hole Depth: 154 m
- Intercept Depth: 0 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: R066:124-125
- Mining Method: open\_pit

#### Location

- Loc. Confidence: medium

#### QA/QC

- Laboratory: Activation Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Compositing

- Cutoff Grade: 100
- Cutoff Unit: ppm U₃O₈
- Dilution Disclosed: Yes
- Max Dilution: 5 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: Intercept of 1m at 111 ppm U3O8 is above the 100 ppm cut-off and contributes to the maiden discovery, but is a relatively narrow and lower-grade intercept.

- Negative factor: Apparent width only

Evidence · table

> 111

Context: 1.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

### R066

[Link to this fact](https://atlas-staging.minestarters.com/news/maiden-drilling-confirms-uranium-discovery-at-ulg--376f33f0-a68e-4697-8146-b28240a20444#fact-drill-facts-21)

sampled and drill-tested uranium · uranium

#### Identity

- Hole ID: R066
- Project: sampled and drill-tested uranium
- Commodity: uranium
- Region: namibia
- Reported Region: namibia
- Ticker: ARK

#### Geometry

- Grade: 123
- Grade Unit: ppm U₃O₈
- Intercept: 10 m
- From: 135 m
- To: 145 m
- Hole Depth: 154 m
- Intercept Depth: 0 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: R066:135-145
- Mining Method: open\_pit

#### Location

- Loc. Confidence: medium

#### QA/QC

- Laboratory: Activation Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Compositing

- Cutoff Grade: 100
- Cutoff Unit: ppm U₃O₈
- Dilution Disclosed: Yes
- Max Dilution: 5 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: A thick intercept of 10m at 123 ppm U3O8 is a strong result for this bulk-tonnage open-pit style deposit, contributing significantly to the discovery.

- Positive factor: Significant intercept length of 10m at a good grade for the deposit type.

- Positive factor: Comparable to regional resources.

- Negative factor: Apparent width only

Evidence · table

> 123

Context: 10.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

### R066

[Link to this fact](https://atlas-staging.minestarters.com/news/maiden-drilling-confirms-uranium-discovery-at-ulg--376f33f0-a68e-4697-8146-b28240a20444#fact-drill-facts-22)

sampled and drill-tested uranium · uranium

#### Identity

- Hole ID: R066
- Project: sampled and drill-tested uranium
- Commodity: uranium
- Region: namibia
- Reported Region: namibia
- Ticker: ARK

#### Geometry

- Grade: 211
- Grade Unit: ppm U₃O₈
- Intercept: 2 m
- From: 138 m
- To: 140 m
- Hole Depth: 154 m
- Intercept Depth: 0 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: R066:138-140
- Mining Method: open\_pit

#### Location

- Loc. Confidence: medium

#### QA/QC

- Laboratory: Activation Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Compositing

- Cutoff Grade: 100
- Cutoff Unit: ppm U₃O₈
- Dilution Disclosed: Yes
- Max Dilution: 5 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: A 2m intercept at 211 ppm U3O8 represents a high-grade sheet within the broader mineralization, which is very positive for the project's overall grade potential.

- Positive factor: High-grade intercept for the deposit type, exceeding 200 ppm U3O8.

- Negative factor: Apparent width only

Evidence · table

> 211

Context: 2.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

### R068

[Link to this fact](https://atlas-staging.minestarters.com/news/maiden-drilling-confirms-uranium-discovery-at-ulg--376f33f0-a68e-4697-8146-b28240a20444#fact-drill-facts-23)

Erongo Uranium · uranium

#### Identity

- Hole ID: R068
- Project: Erongo Uranium
- Commodity: uranium
- Region: namibia
- Reported Region: namibia
- Ticker: ARK

#### Geometry

- Grade: 104
- Grade Unit: ppm U₃O₈
- Intercept: 7 m
- From: 0 m
- To: 7 m
- Hole Depth: 100 m
- Intercept Depth: 0 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: R068:0-7
- Mining Method: open\_pit

#### Location

- Loc. Confidence: medium

#### QA/QC

- Laboratory: Activation Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Compositing

- Cutoff Grade: 100
- Cutoff Unit: ppm U₃O₈
- Dilution Disclosed: Yes
- Max Dilution: 5 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: A near-surface intercept of 7m at 104 ppm U3O8 is a strong result, supporting the bulk-tonnage open-pit potential of the discovery.

- Positive factor: Intercept from surface, indicating potential for open-pit mining.

- Positive factor: Good width and grade for the deposit type.

- Negative factor: Apparent width only

Evidence · table

> 104

Context: 7.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

### R068

[Link to this fact](https://atlas-staging.minestarters.com/news/maiden-drilling-confirms-uranium-discovery-at-ulg--376f33f0-a68e-4697-8146-b28240a20444#fact-drill-facts-24)

Erongo Uranium · uranium

#### Identity

- Hole ID: R068
- Project: Erongo Uranium
- Commodity: uranium
- Region: namibia
- Reported Region: namibia
- Ticker: ARK

#### Geometry

- Grade: 111
- Grade Unit: ppm U₃O₈
- Intercept: 3 m
- From: 9 m
- To: 12 m
- Hole Depth: 100 m
- Intercept Depth: 0 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: R068:9-12
- Mining Method: open\_pit

#### Location

- Loc. Confidence: medium

#### QA/QC

- Laboratory: Activation Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Compositing

- Cutoff Grade: 100
- Cutoff Unit: ppm U₃O₈
- Dilution Disclosed: Yes
- Max Dilution: 5 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: Intercept of 3m at 111 ppm U3O8 is above the 100 ppm cut-off and contributes to the maiden discovery.

- Negative factor: Apparent width only

Evidence · table

> 111

Context: 3.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

### R068

[Link to this fact](https://atlas-staging.minestarters.com/news/maiden-drilling-confirms-uranium-discovery-at-ulg--376f33f0-a68e-4697-8146-b28240a20444#fact-drill-facts-25)

Erongo Uranium · uranium

#### Identity

- Hole ID: R068
- Project: Erongo Uranium
- Commodity: uranium
- Region: namibia
- Reported Region: namibia
- Ticker: ARK

#### Geometry

- Grade: 118
- Grade Unit: ppm U₃O₈
- Intercept: 2 m
- From: 25 m
- To: 27 m
- Hole Depth: 100 m
- Intercept Depth: 0 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: R068:25-27
- Mining Method: open\_pit

#### Location

- Loc. Confidence: medium

#### QA/QC

- Laboratory: Activation Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Compositing

- Cutoff Grade: 100
- Cutoff Unit: ppm U₃O₈
- Dilution Disclosed: Yes
- Max Dilution: 5 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: Intercept of 2m at 118 ppm U3O8 is above the 100 ppm cut-off and contributes to the maiden discovery.

- Negative factor: Apparent width only

Evidence · table

> 118

Context: 2.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

### R068

[Link to this fact](https://atlas-staging.minestarters.com/news/maiden-drilling-confirms-uranium-discovery-at-ulg--376f33f0-a68e-4697-8146-b28240a20444#fact-drill-facts-26)

Erongo Uranium · uranium

#### Identity

- Hole ID: R068
- Project: Erongo Uranium
- Commodity: uranium
- Region: namibia
- Reported Region: namibia
- Ticker: ARK

#### Geometry

- Grade: 110
- Grade Unit: ppm U₃O₈
- Intercept: 4 m
- From: 96 m
- To: 100 m
- Hole Depth: 100 m
- Intercept Depth: 0 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: R068:96-100
- Mining Method: open\_pit

#### Location

- Loc. Confidence: medium

#### QA/QC

- Laboratory: Activation Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Compositing

- Cutoff Grade: 100
- Cutoff Unit: ppm U₃O₈
- Dilution Disclosed: Yes
- Max Dilution: 5 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: Intercept of 4m at 110 ppm U3O8 is above the 100 ppm cut-off and is significant as it occurs at the end of the hole, indicating potential for depth extension.

- Positive factor: Intercept is at the end of the hole, suggesting mineralization is open at depth.

- Negative factor: Apparent width only

Evidence · table

> 110

Context: 4.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

### R069

[Link to this fact](https://atlas-staging.minestarters.com/news/maiden-drilling-confirms-uranium-discovery-at-ulg--376f33f0-a68e-4697-8146-b28240a20444#fact-drill-facts-27)

sampled and drill-tested uranium · uranium

#### Identity

- Hole ID: R069
- Project: sampled and drill-tested uranium
- Commodity: uranium
- Region: namibia
- Reported Region: namibia
- Ticker: ARK

#### Geometry

- Grade: 127
- Grade Unit: ppm U₃O₈
- Intercept: 7 m
- From: 0 m
- To: 7 m
- Hole Depth: 100 m
- Intercept Depth: 0 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: R069:0-7
- Mining Method: open\_pit

#### Location

- Loc. Confidence: medium

#### QA/QC

- Laboratory: Activation Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Compositing

- Cutoff Grade: 100
- Cutoff Unit: ppm U₃O₈
- Dilution Disclosed: Yes
- Max Dilution: 5 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: A near-surface intercept of 7m at 127 ppm U3O8 is a strong result, supporting the bulk-tonnage open-pit potential of the discovery.

- Positive factor: Intercept from surface, indicating potential for open-pit mining.

- Positive factor: Good width and grade for the deposit type.

- Negative factor: Apparent width only

Evidence · table

> 127

Context: 7.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

### R069

[Link to this fact](https://atlas-staging.minestarters.com/news/maiden-drilling-confirms-uranium-discovery-at-ulg--376f33f0-a68e-4697-8146-b28240a20444#fact-drill-facts-28)

sampled and drill-tested uranium · uranium

#### Identity

- Hole ID: R069
- Project: sampled and drill-tested uranium
- Commodity: uranium
- Region: namibia
- Reported Region: namibia
- Ticker: ARK

#### Geometry

- Grade: 219
- Grade Unit: ppm U₃O₈
- Intercept: 1 m
- From: 3 m
- To: 4 m
- Hole Depth: 100 m
- Intercept Depth: 0 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: R069:3-4
- Mining Method: open\_pit

#### Location

- Loc. Confidence: medium

#### QA/QC

- Laboratory: Activation Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Compositing

- Cutoff Grade: 100
- Cutoff Unit: ppm U₃O₈
- Dilution Disclosed: Yes
- Max Dilution: 5 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: A 1m intercept at 219 ppm U3O8 represents a high-grade sheet within the broader mineralization, which is very positive for the project's overall grade potential.

- Positive factor: High-grade intercept for the deposit type, exceeding 200 ppm U3O8.

- Positive factor: Near-surface, supporting open-pit potential.

- Negative factor: Apparent width only

Evidence · table

> 219

Context: 1.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

### R069

[Link to this fact](https://atlas-staging.minestarters.com/news/maiden-drilling-confirms-uranium-discovery-at-ulg--376f33f0-a68e-4697-8146-b28240a20444#fact-drill-facts-29)

sampled and drill-tested uranium · uranium

#### Identity

- Hole ID: R069
- Project: sampled and drill-tested uranium
- Commodity: uranium
- Region: namibia
- Reported Region: namibia
- Ticker: ARK

#### Geometry

- Grade: 118
- Grade Unit: ppm U₃O₈
- Intercept: 18 m
- From: 34 m
- To: 52 m
- Hole Depth: 100 m
- Intercept Depth: 0 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: R069:34-52
- Mining Method: open\_pit

#### Location

- Loc. Confidence: medium

#### QA/QC

- Laboratory: Activation Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Compositing

- Cutoff Grade: 100
- Cutoff Unit: ppm U₃O₈
- Dilution Disclosed: Yes
- Max Dilution: 5 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: A thick intercept of 18m at 118 ppm U3O8 is a strong result for this bulk-tonnage open-pit style deposit, contributing significantly to the discovery.

- Positive factor: Significant intercept length of 18m at a good grade for the deposit type.

- Positive factor: Comparable to regional resources.

- Negative factor: Apparent width only

Evidence · table

> 118

Context: 18.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

### R069

[Link to this fact](https://atlas-staging.minestarters.com/news/maiden-drilling-confirms-uranium-discovery-at-ulg--376f33f0-a68e-4697-8146-b28240a20444#fact-drill-facts-30)

sampled and drill-tested uranium · uranium

#### Identity

- Hole ID: R069
- Project: sampled and drill-tested uranium
- Commodity: uranium
- Region: namibia
- Reported Region: namibia
- Ticker: ARK

#### Geometry

- Grade: 141
- Grade Unit: ppm U₃O₈
- Intercept: 41 m
- From: 59 m
- To: 100 m
- Hole Depth: 100 m
- Intercept Depth: 0 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: R069:59-100
- Mining Method: open\_pit

#### Location

- Loc. Confidence: medium

#### QA/QC

- Laboratory: Activation Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Compositing

- Cutoff Grade: 100
- Cutoff Unit: ppm U₃O₈
- Dilution Disclosed: Yes
- Max Dilution: 5 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: A very thick intercept of 41m at 141 ppm U3O8 is a highly significant result, representing a major contribution to the discovery and indicating strong continuity and bulk-tonnage potential, especially as it ends in mineralization.

- Positive factor: Exceptional intercept length of 41m at a strong grade for the deposit type.

- Positive factor: Intercept is at the end of the hole, suggesting mineralization is open at depth.

- Positive factor: Comparable to regional resources.

- Negative factor: Apparent width only

Evidence · table

> 141

Context: 41.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

### R069

[Link to this fact](https://atlas-staging.minestarters.com/news/maiden-drilling-confirms-uranium-discovery-at-ulg--376f33f0-a68e-4697-8146-b28240a20444#fact-drill-facts-31)

sampled and drill-tested uranium · uranium

#### Identity

- Hole ID: R069
- Project: sampled and drill-tested uranium
- Commodity: uranium
- Region: namibia
- Reported Region: namibia
- Ticker: ARK

#### Geometry

- Grade: 240
- Grade Unit: ppm U₃O₈
- Intercept: 4 m
- From: 64 m
- To: 68 m
- Hole Depth: 100 m
- Intercept Depth: 0 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: R069:64-68
- Mining Method: open\_pit

#### Location

- Loc. Confidence: medium

#### QA/QC

- Laboratory: Activation Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Compositing

- Cutoff Grade: 100
- Cutoff Unit: ppm U₃O₈
- Dilution Disclosed: Yes
- Max Dilution: 5 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: A 4m intercept at 240 ppm U3O8 represents a significant high-grade sheet within the broader mineralization, which is very positive for the project's overall grade potential.

- Positive factor: High-grade intercept for the deposit type, exceeding 200 ppm U3O8.

- Positive factor: Good width for a high-grade zone.

- Negative factor: Apparent width only

Evidence · table

> 240

Context: 4.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

### R069

[Link to this fact](https://atlas-staging.minestarters.com/news/maiden-drilling-confirms-uranium-discovery-at-ulg--376f33f0-a68e-4697-8146-b28240a20444#fact-drill-facts-32)

sampled and drill-tested uranium · uranium

#### Identity

- Hole ID: R069
- Project: sampled and drill-tested uranium
- Commodity: uranium
- Region: namibia
- Reported Region: namibia
- Ticker: ARK

#### Geometry

- Grade: 247
- Grade Unit: ppm U₃O₈
- Intercept: 2 m
- From: 87 m
- To: 89 m
- Hole Depth: 100 m
- Intercept Depth: 0 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: R069:87-89
- Mining Method: open\_pit

#### Location

- Loc. Confidence: medium

#### QA/QC

- Laboratory: Activation Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Compositing

- Cutoff Grade: 100
- Cutoff Unit: ppm U₃O₈
- Dilution Disclosed: Yes
- Max Dilution: 5 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: A 2m intercept at 247 ppm U3O8 represents a significant high-grade sheet within the broader mineralization, which is very positive for the project's overall grade potential.

- Positive factor: High-grade intercept for the deposit type, exceeding 200 ppm U3O8.

- Negative factor: Apparent width only

Evidence · table

> 247

Context: 2.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

### R070

[Link to this fact](https://atlas-staging.minestarters.com/news/maiden-drilling-confirms-uranium-discovery-at-ulg--376f33f0-a68e-4697-8146-b28240a20444#fact-drill-facts-33)

Erongo Uranium · uranium

#### Identity

- Hole ID: R070
- Project: Erongo Uranium
- Commodity: uranium
- Region: namibia
- Reported Region: namibia
- Ticker: ARK

#### Geometry

- Grade: 110
- Grade Unit: ppm U₃O₈
- Intercept: 1 m
- From: 21 m
- To: 22 m
- Hole Depth: 100 m
- Intercept Depth: 21 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: R070:21-22
- Mining Method: open\_pit

#### Location

- Loc. Confidence: medium

#### QA/QC

- Laboratory: Activation Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Compositing

- Cutoff Grade: 100
- Cutoff Unit: ppm U₃O₈
- Dilution Disclosed: Yes
- Max Dilution: 5 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: Intercept of 1m at 110 ppm U3O8 is above the 100 ppm cut-off and contributes to the maiden discovery, but is a relatively narrow and lower-grade intercept.

- Negative factor: Apparent width only

Evidence · table

> 110

Context: 1.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

### R070

[Link to this fact](https://atlas-staging.minestarters.com/news/maiden-drilling-confirms-uranium-discovery-at-ulg--376f33f0-a68e-4697-8146-b28240a20444#fact-drill-facts-34)

Erongo Uranium · uranium

#### Identity

- Hole ID: R070
- Project: Erongo Uranium
- Commodity: uranium
- Region: namibia
- Reported Region: namibia
- Ticker: ARK

#### Geometry

- Grade: 134
- Grade Unit: ppm U₃O₈
- Intercept: 3 m
- From: 42 m
- To: 45 m
- Hole Depth: 100 m
- Intercept Depth: 21 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: R070:42-45
- Mining Method: open\_pit

#### Location

- Loc. Confidence: medium

#### QA/QC

- Laboratory: Activation Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Compositing

- Cutoff Grade: 100
- Cutoff Unit: ppm U₃O₈
- Dilution Disclosed: Yes
- Max Dilution: 5 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: Intercept of 3m at 134 ppm U3O8 is above the 100 ppm cut-off and contributes to the maiden discovery.

- Negative factor: Apparent width only

Evidence · table

> 134

Context: 3.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

### R070

[Link to this fact](https://atlas-staging.minestarters.com/news/maiden-drilling-confirms-uranium-discovery-at-ulg--376f33f0-a68e-4697-8146-b28240a20444#fact-drill-facts-35)

Erongo Uranium · uranium

#### Identity

- Hole ID: R070
- Project: Erongo Uranium
- Commodity: uranium
- Region: namibia
- Reported Region: namibia
- Ticker: ARK

#### Geometry

- Grade: 225
- Grade Unit: ppm U₃O₈
- Intercept: 1 m
- From: 43 m
- To: 44 m
- Hole Depth: 100 m
- Intercept Depth: 21 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: R070:43-44
- Mining Method: open\_pit

#### Location

- Loc. Confidence: medium

#### QA/QC

- Laboratory: Activation Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Compositing

- Cutoff Grade: 100
- Cutoff Unit: ppm U₃O₈
- Dilution Disclosed: Yes
- Max Dilution: 5 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: A 1m intercept at 225 ppm U3O8 represents a high-grade sheet within the broader mineralization, which is very positive for the project's overall grade potential.

- Positive factor: High-grade intercept for the deposit type, exceeding 200 ppm U3O8.

- Negative factor: Apparent width only

Evidence · table

> 225

Context: 1.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

### R070

[Link to this fact](https://atlas-staging.minestarters.com/news/maiden-drilling-confirms-uranium-discovery-at-ulg--376f33f0-a68e-4697-8146-b28240a20444#fact-drill-facts-36)

Erongo Uranium · uranium

#### Identity

- Hole ID: R070
- Project: Erongo Uranium
- Commodity: uranium
- Region: namibia
- Reported Region: namibia
- Ticker: ARK

#### Geometry

- Grade: 111
- Grade Unit: ppm U₃O₈
- Intercept: 4 m
- From: 50 m
- To: 54 m
- Hole Depth: 100 m
- Intercept Depth: 21 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: R070:50-54
- Mining Method: open\_pit

#### Location

- Loc. Confidence: medium

#### QA/QC

- Laboratory: Activation Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Compositing

- Cutoff Grade: 100
- Cutoff Unit: ppm U₃O₈
- Dilution Disclosed: Yes
- Max Dilution: 5 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: Intercept of 4m at 111 ppm U3O8 is above the 100 ppm cut-off and contributes to the maiden discovery.

- Negative factor: Apparent width only

Evidence · table

> 111

Context: 4.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

### R070

[Link to this fact](https://atlas-staging.minestarters.com/news/maiden-drilling-confirms-uranium-discovery-at-ulg--376f33f0-a68e-4697-8146-b28240a20444#fact-drill-facts-37)

Erongo Uranium · uranium

#### Identity

- Hole ID: R070
- Project: Erongo Uranium
- Commodity: uranium
- Region: namibia
- Reported Region: namibia
- Ticker: ARK

#### Geometry

- Grade: 111
- Grade Unit: ppm U₃O₈
- Intercept: 4 m
- From: 62 m
- To: 66 m
- Hole Depth: 100 m
- Intercept Depth: 21 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: R070:62-66
- Mining Method: open\_pit

#### Location

- Loc. Confidence: medium

#### QA/QC

- Laboratory: Activation Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Compositing

- Cutoff Grade: 100
- Cutoff Unit: ppm U₃O₈
- Dilution Disclosed: Yes
- Max Dilution: 5 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: Intercept of 4m at 111 ppm U3O8 is above the 100 ppm cut-off and contributes to the maiden discovery.

- Negative factor: Apparent width only

Evidence · table

> 111

Context: 4.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

### R070

[Link to this fact](https://atlas-staging.minestarters.com/news/maiden-drilling-confirms-uranium-discovery-at-ulg--376f33f0-a68e-4697-8146-b28240a20444#fact-drill-facts-38)

Erongo Uranium · uranium

#### Identity

- Hole ID: R070
- Project: Erongo Uranium
- Commodity: uranium
- Region: namibia
- Reported Region: namibia
- Ticker: ARK

#### Geometry

- Grade: 100
- Grade Unit: ppm U₃O₈
- Intercept: 1 m
- From: 77 m
- To: 78 m
- Hole Depth: 100 m
- Intercept Depth: 21 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: R070:77-78
- Mining Method: open\_pit

#### Location

- Loc. Confidence: medium

#### QA/QC

- Laboratory: Activation Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Compositing

- Cutoff Grade: 100
- Cutoff Unit: ppm U₃O₈
- Dilution Disclosed: Yes
- Max Dilution: 5 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: Intercept of 1m at 100 ppm U3O8 is at the cut-off and is a narrow, lower-grade intercept, contributing marginally to the overall discovery.

- Negative factor: Apparent width only

Evidence · table

> 100

Context: 1.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

### R070

[Link to this fact](https://atlas-staging.minestarters.com/news/maiden-drilling-confirms-uranium-discovery-at-ulg--376f33f0-a68e-4697-8146-b28240a20444#fact-drill-facts-39)

Erongo Uranium · uranium

#### Identity

- Hole ID: R070
- Project: Erongo Uranium
- Commodity: uranium
- Region: namibia
- Reported Region: namibia
- Ticker: ARK

#### Geometry

- Grade: 133
- Grade Unit: ppm U₃O₈
- Intercept: 3 m
- From: 97 m
- To: 100 m
- Hole Depth: 100 m
- Intercept Depth: 21 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: R070:97-100
- Mining Method: open\_pit

#### Location

- Loc. Confidence: medium

#### QA/QC

- Laboratory: Activation Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Compositing

- Cutoff Grade: 100
- Cutoff Unit: ppm U₃O₈
- Dilution Disclosed: Yes
- Max Dilution: 5 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: Intercept of 3m at 133 ppm U3O8 is above the 100 ppm cut-off and is significant as it occurs at the end of the hole, indicating potential for depth extension.

- Positive factor: Intercept is at the end of the hole, suggesting mineralization is open at depth.

- Negative factor: Apparent width only

Evidence · table

> 133

Context: 3.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

### R070

[Link to this fact](https://atlas-staging.minestarters.com/news/maiden-drilling-confirms-uranium-discovery-at-ulg--376f33f0-a68e-4697-8146-b28240a20444#fact-drill-facts-40)

Erongo Uranium · uranium

#### Identity

- Hole ID: R070
- Project: Erongo Uranium
- Commodity: uranium
- Region: namibia
- Reported Region: namibia
- Ticker: ARK

#### Geometry

- Grade: 211
- Grade Unit: ppm U₃O₈
- Intercept: 1 m
- From: 99 m
- To: 100 m
- Hole Depth: 100 m
- Intercept Depth: 21 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: R070:99-100
- Mining Method: open\_pit

#### Location

- Loc. Confidence: medium

#### QA/QC

- Laboratory: Activation Laboratories
- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Deleterious

- Deleterious Flag: No

#### Metal Equivalent

- Assumptions Disclosed: No

#### Compositing

- Cutoff Grade: 100
- Cutoff Unit: ppm U₃O₈
- Dilution Disclosed: Yes
- Max Dilution: 5 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-13T00:00:00.000Z

Reasoning: A 1m intercept at 211 ppm U3O8 represents a high-grade sheet within the broader mineralization, which is very positive for the project's overall grade potential, especially as it occurs at the end of the hole.

- Positive factor: High-grade intercept for the deposit type, exceeding 200 ppm U3O8.

- Positive factor: Intercept is at the end of the hole, suggesting mineralization is open at depth.

- Negative factor: Apparent width only

Evidence · table

> 211

Context: 1.0

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.