Vimy Resources Limited announced the commencement of the resource extension drilling program at its 100%-owned Angularli Deposit in the Northern Territory. The Angularli Deposit is part of the Alligator River Project, which lies approximately 380km by road east- northeast of Darwin in the Northern Territory of Australia. Vimy holds the largest granted exploration tenure package, 1,701 km2, within the Alligator River Uranium Province, and is actively exploring for high-grade unconformity-related uranium deposits similar to those found in the Athabasca Basin.

The Alligator River Project has multiple uranium targets with Angularli being the most advanced deposit and the focus of the Company's exploration effort. The drill program will test extensions of the Angularli deposit at depth, up-dip and uranium-bearing structure to the north and west of the defined Mineral Resource. Drilling of 19 diamond holes is proposed with the potential for an additional six holes depending on results.

The drill program is expected to be completed over the next 4 months. The proposed collar locations, summarised as follows: Angularli Up-dip (3 diamond drill holes, average depth of 350m), Angularli Deeps (4 diamond drill holes down plunge, average depth of 450-550m), Angularli South (3 diamond drill holes, average depth of 300m), Angularli West (7 diamond drill holes, average depth of 450m), and Angularli North (2 diamond drill holes, average depth of 200m). The first three holes will target the up-dip extension of the existing Angularli deposit and have the potential to extend the known mineralisation a further 100m within the Mamadawerre Sandstone Formation.

With up to 45 drill holes permitted, Vimy can modify the proposed drill program in real-time to account for the results obtained from downhole wireline gamma logging, to extract maximum value out of the program.