Strong Early Infill Drilling Results at Lo Herma Project
| Stock | AMU.ASX (AMU.ASX) |
|---|---|
| Release Time | 26 May 2026, 8:35 a.m. |
| Price Sensitive | Yes |
AMU Announces Strong Infill Drilling Results at Lo Herma
- 18 of 55 planned drill holes completed, ~3,243m drilled
- 11 of 18 holes intersected mineralisation above cut-off
- Best intercept: 5.8m at 0.056% eU3O8
- Drilling supports conversion of Inferred to Indicated resources
- Updated MRE and Scoping Study expected in Q3 2026
American Uranium Limited (ASX:AMU) reports positive early infill drilling results at its Lo Herma in-situ recovery (ISR) uranium project in Wyoming. The first 18 holes of the planned 55-hole program have confirmed strong continuity of uranium mineralisation within Mine Unit 1, with 11 out of 18 holes intersecting mineralisation above the cutoff grade. The best intercept was 5.8 meters at 0.056% eU3O8. These results are expected to support the conversion of Inferred resources to Indicated in the upcoming Mineral Resource Estimate (MRE) update. The drilling program is approximately one-third complete, with further infill and step-out drilling planned. The company is targeting an updated MRE and Scoping Study for Q3 2026.
Updated MRE and Scoping Study expected in Q3 2026
The company remains well positioned to deliver an updated resource and Scoping Study in Q3 2026, advancing Lo Herma toward ISR development.