WildHorse has the most significant uranium ground position of any company in Hungary.

WildHorse has four projects in Hungary, in the Western Mecsek Mountains approximately 170 kilometres south southwest of the capital Budapest. WildHorse’s Pécs and Dinnyeberki projects are approximately three kilometres and 25 kilometres west, respectively, of the town of Pécs, while WildHorse’s Bátászék project is approximately 60 kilometres northeast of Pécs.

The Mecsek deposit was first discovered in 1954. Production commenced in 1956 and the mining and milling operations at the Mecsek site were shut down at the end of 1997. Cumulative production of uranium from the Mecsek site was approximately 21,000 tonnes (46 million pounds) of uranium metal. The mine site and surrounding area have been subject to comprehensive rehabilitation in recent years.

• The Pécs Project consists of 3,400 acres covering extensively explored ground, with uranium mineralisation, adjacent to the historic major uranium producing centre in the Western Meczek Mountain. The Pécs uranium mine was closed in 1997, with a cumulative production of 46 million pounds.

• In July, WildHorse established an initial JORC-compliant inferred mineral resource of 17.0 million tonnes @ 0.08%, for 30 million pounds (13,600 tonnes) of U₃O₈, at a lower cut-off of 300ppm. The resource calculation has been independently verified by RSG Global. The resource area currently only covers a relatively small portion of WildHorse’s project area, and based on the geological modelling undertaken by RSG Global, there is considerable potential to extend the resource in all directions.

• The Bátászék Project consists of 3,380 acres of explored ground with uranium mineralisation and exploration potential. Currently a small project with potential to grow, extensive drilling has intersected uranium mineralisation and defined a front roll.

• The Dinnyeberki Project consists of 2,600 acres, previously drilled with experimental in situ leach testing carried out.

• The Máriakéménd Project – potentially a very large resource (100 million pounds) at exploration stage. Orebody type is commonly low to medium grade (0.05% –0.4% uranium).

WildHorse has established programs of work for all four Hungarian projects, involving data analysis, surveying, drilling, scoping and pre-feasibility studies, environmental impact assessments and community engagement processes.

NOTE: All ‘resources’ and ‘reserves’ quoted were defined under the Hungarian Classification System which does not comply with the December 2004 JORC Code Guidelines and as such cannot be relied upon to estimate current mineralisation.