Murphy West Uranium Project Overview

Kennedy Project: Significant up-scale potential - Extensive Drill Target • Drilling underway • Focussed on determining the overall extent of the lonic Adsorption REE Clays over the broader Project area Drilling will provide an understanding of the grade distribution of the high-value rare earth elements including Dy and Tb and guide priority areas for in-fill drilling N 10km Mt Garnet Kennedy Hwy 280 000mE 20km EPM28009 DevEx Granted DevEx Applications 2023 Aircore Drilling Maximum TREO (ppm) Assay in Top 4m >1000 Geology 500 1000 300-5000 Tertiary Clays (Target Regolith) Quaternary Drainage plus Clays Basement Stratigraphy Granite plus Intrusives Drainage EPM28012 320 000mE 8 020 000mN 16

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