Past year: ▲ 39%(29.0c – 56.5c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
13 Aug 2021drilling result▲ Good
Preliminary survey results at Tower found two strong linear bedrock conductors and a third that may reflect clay alteration, 11km from Cigar Lake. Northern Gemini shows two significant conductors. This resolves the pending survey results; specific drill targets are not yet set.
26 July 2021drilling spud▲ GoodMajor
Diamond drilling began at the Gemini project, 92 Energy's first drill program since listing in April 2021. About 2,200m is planned, 12-17 holes, testing up to twelve targets; this follows the 5 July scheduling notice and the 9 June survey results.
5 July 2021drilling scheduled● Neutral
Gemini summer drilling of about 2,200 metres (12-15 holes) is due to start the week of 19 July 2021, slightly later than the early July guided. Survey results for northern Gemini and Tower are pending; wildfires are monitored but pose no current threat.
30 June 2021resource reserve update▲ Good
A review of historic data defined priority uranium targets at the new Powerline and Cypress projects, based on 268 radioactive occurrences and rock chips up to 7.31% U3O8. Targets will be refined in the September quarter, with drilling afterwards. Not a resource estimate.
9 June 2021drilling result▲ Good
Preliminary airborne survey results at southern Gemini show several conductive features, some near earlier lake and bog uranium anomalies. Drilling of high-priority targets is scheduled for early July. Results are preliminary and not a discovery.
3 May 2021drilling progress report▲ Good
First exploration work began: a 2,500 line-km airborne electromagnetic (VTEM) survey over Gemini and Tower, flown by Geotech. It aims to define Gemini drill targets for late June, with Tower drilling planned for northern winter 2022.
