Aurora Energy Metals Limited announced the final set of chemical assay results from the Reverse Circulation (RC) and Diamond Drill (DD) program completed in December last year at the Company's Aurora Energy Metals Project (the "Project") in south-east Oregon/north-east Nevada. The program targeted uranium to the north-west of the existing Aurora Uranium Deposit and lithium, interpreted to be hosted in thicker lakebed sediments overlying and widely beyond the Aurora Uranium Deposit, an area of approximately 18km. Sixteen vertical and one angled hole were drilled during the program, made up of 12 RC and 5 DD holes.

Importantly, holes were drilled into the lakebed sediments over 1km away from the Aurora Uranium deposit including the first hole to be drilled by the Company to the north-east of the fault line, in the so-called graben block. Drilling has now confirmed lithium mineralisation over an area of more than 1,500m x 2,000m, with mineralisation open in all directions. The presence of thicker lithium clay mineralisation and uranium mineralisation on the eastern side of the horst graben fault is a significant positive result for the project.

The following lithium results, using a 1000ppm Li cut-off, were received including, 22AUDD003: 8.4m at 1,333 ppm Li (0.29% Li2O) from 93.9m; 22AUDD005: 8.3m at 2,046 ppm Li (0.44% Li2O) from 120m; 8.8m at 1,411 ppm Li (0.3% Li2O) from 136.5m; 22AURC005DT: 9.1m at 1,663 ppm Li (0.44% Li2O) from 100.6m; 5.1m at 1,266 ppm Li (0.27% Li2O) from 114.3m; 2.7m at 1,415 ppm Li (0.3% Li2O) from 140.1m; 2.5m at 1,369 ppm Li (0.29% Li2O) from 147.8m. Importantly, holes 22AUDD005 and 22AURC005DT are located on the eastern side of the NW horst graben fault. On the eastern side of the fault, the sediments thicken, opening the potential for thicker lithium clay sequences on this side.

The grade of the lithium results in this drill program compare favourably with other large lithium clay sediment deposits in the McDermitt Caldera, including Jindalee Resources' McDermitt deposit to the west and Lithium America's Thacker Pass deposit to the south. The following uranium oxide results, using a 100ppm U3O8 cut-off, were received including, 22AUDD003: 12.6m at 176 ppm U3O8 from 160.9m; 22AUDD004: 6.2m at 134 ppm U3O8 from 185m; 3.8m at 117 ppm U3O8 from 197m; 22AUDD005: 9.8m at 133 ppm U3O8 from 185.1m; 2.4m at 540 ppm U3O8 from 203.6m; 22AURC005DT: 13.5m at 278 ppm U3O8 from 158.5m including 5.6m at 418 ppm U3O8 from 164.6m; 8.0m at 128 ppm U3O8 from 174.5m; 4.7m at 288 ppm U3O8 from 196.5m. In addition, hole 22AUDD005 targeted the horst-graben structure interpreted to be the conduit for the uranium-bearing mineralised fluids.

This hole finished in high-grade uranium mineralisation (2.4m at 540 ppm U3O8 from 203.6m ­ refer figure 5) but had to be terminated due to drilling issues. This result and the uranium intersections in hole 22AUDRC005DT are significant in that they demonstrate that uranium mineralisation continues to the east of the horst graben fault, opening up the potential to significantly increase the existing mineral resources. This zone, along the entire length of the Aurora Deposit, will be targeted in future drilling to test for immediate extensions to the currently defined uranium Mineral Resource.