AMU.ASX: Lo Herma Advances as Interim Resource Grows to 9.45 Mlbs

Lo Herma Advances as Interim Resource Grows to 9.45 Mlbs

Stock	AMU.ASX (AMU.ASX)
Release Time	31 Mar 2026, 9:08 a.m.
Price Sensitive	Yes

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Lo Herma Advances as Interim Resource Grows to 9.45 Mlbs

Key Points

Lo Herma project resources now 9.45Mlbs eU3O8 including 4.02Mlbs Indicated (43%)
Resources across planned study area in Mine Units 1, 2 and 3 now stands at 7.00Mlbs with 46% Indicated
Total combined Wyoming U3O8 resources incl. Great Divide Basin increased to 11.11Mlbs

Full Summary

American Uranium Ltd (ASX: AMU; OTCQB: AMUIF) has increased the Mineral Resource at its Lo Herma Project to 9.45Mlbs eU3O8, including 4.02Mlbs Indicated (43%), representing ~10% growth from the prior 8.57 Mlbs estimate. Resources across the planned Scoping Study footprint (Mine Units 1-3) now stand at 7.00Mlbs at 46% Indicated. The company has completed 66 of 121 permitted drill holes, with 55 remaining holes planned for Q2 2026. Results from the remaining program, along with ongoing hydrogeological and metallurgical work, are intended to support a further resource update and Scoping Study targeted for Q3 2026. The Lo Herma Exploration Target has also been increased based on new drilling and claims staked. AMU's combined Wyoming U3O8 resources, including the Great Divide Basin, have now grown to 11.11Mlbs.

Outlook

AMU is targeting a further resource update and a Scoping Study in Q3 2026 to assess ISR development options, including potential hub-and-spoke pathways using regional processing infrastructure.