Aurora Energy Metals Limited announced that its maiden Reverse Circulation (RC) and Diamond Drill (DD) program has been completed at the Company's Aurora Energy Metals Project (the Project) in south-east Oregon. The program had two objectives, being to target the potential for an extension to the north-west of the existing Aurora Uranium Deposit and to test areas interpreted to host deeper lakebed sediments prospective for hosting lithium. A total of sixteen vertical and one angled hole were drilled during the program, made up of 12 RC and 5 DD holes, for a total of 3,414 m. As mentioned in previous ASX releases ‘Drilling to Commence at Aurora Energy Metals Project’, 19 October 2022 and "Drilling Underway at Aurora Energy Metals Project", 31 October 2022, eight holes of the program were focused on testing the potential for an extension to the north-west of the Aurora Uranium Mineral Resource.

After drilling, and where possible, the holes were geophysically logged to test for uranium and as expected, diamond core hole 22AUDD001, which is closest to historical hole AUD028 (45.7m at 488ppm U3O8) which was drilled in 2011, delivered excellent eU3O8 intercepts, including (using a 100ppm eU3O8 cut-off): 5.6m at 370ppm eU3O8 from 99.5m; 8.8m at 330ppm eU3O8 from 110.3m; 5.8m at 220ppm eU3O8 from 123.3m; 9.0m at 410ppm eU3O8 from 132.0m; and 34.1m at 610ppm eU3O8 from 151.0m. Hole 22AURC005DT, which was drilled with a ‘diamond tail’ was also interesting, as it delivered encouraging intercepts from outside the recently defined mineral resource envelope, including: 6.6m at 280ppm eU3O8 from 157.3m. 8.5m at 470ppm eU3O8 from 164m; plus.

5.5m at 390ppm eU3O8 from 196.1m. A summary of all drillhole location information is included in Appendix 1 whilst all downhole probe eU3O8 results using a 100ppm eU3O8 cut-off. All RC samples and diamond are with the laboratory for chemical analysis and results will be announced when received in first quarter 2023.