• Orpheus Uranium acquires 100% interest in seven exploration licences from Adavale Resources.
• Acquisition covers approximately 2,513 km², enhancing Orpheus' landholding in the Northern Flinders Ranges.
• Historical drilling identified uranium anomalism, with peak responses exceeding 450 ppm eU.
• Acquisition aligns with Orpheus' strategy to build a balanced uranium portfolio.
• Transaction includes existing Native Title Mining Agreements and cash and securities consideration.

Orpheus Uranium Limited has announced the acquisition of a 100% interest in seven exploration licences from Adavale Resources Limited, covering approximately 2,513 km² in the Northern Flinders Ranges. This acquisition significantly enhances Orpheus' position in South Australia's Lake Eyre Basin, a region known for its sedimentary roll-front uranium mineralisation. The acquired tenure is contiguous with Orpheus' existing Marree Project and includes historical drilling data indicating uranium anomalism, with peak responses exceeding 450 ppm equivalent uranium oxide. The transaction includes existing Native Title Mining Agreements, providing a pathway to future exploration activities. The acquisition aligns with Orpheus' strategy to consolidate underexplored assets within proven uranium districts and apply contemporary exploration techniques to unlock value from historical datasets.

Orpheus aims to leverage the acquired tenure to enhance its exploration efforts in the Marree Project, targeting known uranium anomalism and identified priority areas such as George Creek and MacDonnell Creek.