Uvre Ltd. (AU:UVA) has released an update.
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Uvre Ltd. has revealed promising geophysical results from the Frome Downs Uranium Project, identifying multiple potential targets for uranium accumulation using passive seismic surveys. This new technique, which is both cost-effective and environmentally friendly, has mapped out subsurface structures that may be similar to other significant deposits in the Frome Basin. The company plans to conduct a follow-up geophysical campaign and, pending necessary approvals, aims to commence exploratory drilling in early 2025.
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