Murphy West Uranium Project Overview

Nabarlek Project Uranium Spot Price US$/lb 150 125 100 Exploration Camp 75 Acquired Nabarlek Fukushima Event 50 25 25 2005 Nabarlek Mine Area Sept 2023: US$73/lb 15 year high Exploration centered on the historical Nabarlek Uranium Mine Well established infrastructure and support network Positive working relationships with traditional owners Exploration activities were building momentum prior to uranium's downturn post 2011 ....numerous uranium occurrences! 2007 2009 2011 2013 2015 2017 2019 2021 2023 Source: TradeTech and www.uranium.info 7

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