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92 ENER

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92 Energy : Company Presentation - GMZ Discovery - Winter-22 Results

April 12, 2022 at 08:05 pm EDT

The GMZ Discovery

Winter-22 Results Presentation

Siobhan Lancaster - Managing Director April 2022

ASX: 92E

Exploring for high-grade uranium in the Athabasca Basin, Canada.

Five projects all 100% owned by 92E, including Gemini which hosts the GMZ uranium discovery.

What is the GMZ Uranium Discovery?

GMZ discovery hole: GEM-004 intersected 5.5m @ 0.12%

U3O8.

Winter-22: 12 drillholes completed at the GMZ, with 11 returning anomalous radioactivity >300 counts per second (cps)

Last four drillholes from the GMZ returned strong radioactivity readings over wide intervals.

GEM22-019 intersected 22m of elevated radioactivity with a max of 15,780 cps, compared to 5.3m of elevated radioactivity and max 2,200 cps from GEM-004.

Currently awaiting uranium assay results to confirm radioactivity readings.

Image: GEM22-019 - RS-121 Hand-held Scintillometer

* Refer to ASX Announcement 20 September 2021, ASX Announcement 6 April 2022

Drill Hole ID Number	Scint.	CPS Interval	Max CPS	Uranium Assay
GEM-004 (Discovery hole)	RS-125	5.3m	2,200	5.5m@.12% U308 incl. 0.5m @.36%
GEM22-019	RS-121	22.0m	15,780	Awaiting Assays
GEM22-022	RS-121	25.5m (Composite)	7,860	Awaiting Assays
GEM22-017	RS-121	22.0m	3,030	Awaiting Assays
GEM22-023	RS-121	12.0m	5,760	Awaiting Assays
GEM22-006	RS-121	14.0m	2,230	Awaiting Assays

Final four winter 2022 drillholes have maximum cps readings substantially higher than GMZ discovery drillhole GEM-004, as well as substantially thicker intervals.

* Refer to ASX Announcement 20 September 2021, ASX Announcement 6 April 2022

Image: Section slice looking northwest showing thick zones of radioactivity in GMZ drillholes GEM22-017, 019 and 022. Refer to ASX Announcement 6 April 2022

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92 Energy Ltd. published this content on 12 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 April 2022 00:04:01 UTC.

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Company Profile

92 Energy Limited is an Australia-based uranium exploration company targeting high-grade unconformity associated uranium in the prolific Athabasca Basin, Saskatchewan, Canada. The Company made a uranium discovery at its Gemini Project, known as the Gemini uranium discovery. The Company owns a 100% interest in its 63 mineral claims in the Athabasca Basin. These claims make up the Company's various projects, which include Gemini, Tower, Clover, Powerline, Wares, Wormboiler, Murphy, Cable, Snowbird and Alpine. The Tower project consists of two mineral claims with a total area of approximately 63 square kilometers (km2). The Clover project consists of five mineral claims with a total area of approximately 110 km2. The Powerline project consists of 20 mineral claims with a total area of around 88.4 km2. The Murphy project is comprised of three non-contiguous mineral claims totaling around 51.2 km2. The Alpine project is comprised of three contiguous mineral claims totaling around 63.5 km2.

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