Refined Energy begins drilling at Dufferin West

Executive Summary

• Refined Energy Corp. has commenced its maiden drill program at the Dufferin West uranium property in Saskatchewan’s Athabasca basin.
• The initial program targets a promising electromagnetic conductor identified by VTEM and TEM geophysical surveys, with a minimum of three holes planned.
• The project is strategically located adjacent to NexGen Energy’s SW3 property and near Cameco’s Centennial deposit, holding significant exploration potential for high-grade uranium mineralization.

Key Details

• Drilling Status: Commencement of the first hole in the maiden drill program at the Dufferin West property.
• Project Location: Dufferin West property, Saskatchewan, within the Athabasca basin uranium district.
• Property Interest: Refined Energy holds an exclusive option to acquire up to a 75% interest from Eagle Plains Resources Ltd. via cash payments, share issuances, and exploration expenditures.
• Property Size: 10,140 hectares (comprising North and West Dufferin properties).
• Strategic Context: Located adjacent to NexGen Energy’s SW3 property and approximately 18 km from Cameco’s Centennial deposit (where historic hole VR-031W3 intersected 8.78% U3O8 over 33.9 m).
• Target: A promising electromagnetic (EM) conductor defined by previous airborne VTEM data and refined by a recently completed time-domain moving loop EM (TEM) ground geophysical program.
• Program Scope: Minimum of three drill holes totaling approximately 1,200 metres.
• Technical Methodology: Oriented core collection to provide critical geological and structural information.
• Budget: Initial budget of approximately $1.7 million.
• Parallel Activities: Ground gravity survey to further refine and prioritize additional drill targets.
• Geological Interpretation: Work confirms northeast-southwest-trending structural corridors consistent with known uranium mineralization systems. The area is prospective for both unconformity- and basement-hosted uranium mineralization near faulted basement contacts with ductile/brittle deformation.

Notable Quotes

• "Commencing drilling at Dufferin West marks a major milestone for Refined Energy. This program is the culmination of extensive geophysical and technical work that has identified prospective targets in one of the world’s most prolific uranium districts. With uranium prices strengthening and global demand for nuclear power accelerating, we believe Refined is well positioned to participate in the next cycle of uranium exploration and discovery in the Athabasca basin." — Mark Fields, Chief Executive Officer