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Fig83TS2024015_MEPL2024001_Oasis_AnnualReport_PE23022024 (3)

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Oasis was discovered during the 1970s uranium exploration push by International companies, most notably Esso whose subsequent work (1977-1979) defined  high priority targets with only the Oasis deposit drill tested to date

Oasis occurs along a structure associated with a major crustal terrane boundary. (Lynd Mylonite Zone). The metamorphic host rocks, voluminous granite and leucogranite and deformation history share many of the characteristics that can be interpreted as Intrusive (Alaskite) style of uranium mineralisation. This is an exciting possibility, if further exploration continues to strengthen the analogy with world class uranium mines like the Rossing, Namibia.

Over $6.4M invested in drilling, resource definition, laboratory testing, mine planning and process design.

Completion of Test Program 5 achieving encouraging results on viscosity and elasticity of product

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