92 Energy : GMZ Uranium Discovery - Assay Results Presentation

	The GMZ Uranium
only	Discovery
Winter-22 Results Presentation
Siobhan Lancaster - Managing Director
May 2022
use
ersonal	92Energy.com	ASX:92E

Key investment points - Exploring for uranium

ersonal use only

GMZ discovery improving each program

Sustained and systematic exploration

Energy security driving nuclear demand

* Refer to ASX Announcement 6 April 2022

Thickest and strongest uranium intersected end of winter-22 drill program, incl. two holes with intervals > 1% U3O8*.

Upcoming drill program aims to extend GMZ and locate a high-grade core.

Energy security concerns and decarbonisation driving government announcements for new nuclear builds.

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Systematic Exploration - Vectoring into GMZ discovery

only		Targets	GMZ	Upgraded	Targeting
Prospectivity	IPO	selected	Discovered	GMZ	grade, seeking
	discovery	scale at GMZ
use				GEM22-022	Potential to discover a high-
		GEM-004	17m @ 0.38%	grade core, often found in
				5.5m @ 0.12%	(3,800ppm) U3O8 incl.	high-grade uranium deposits
				(1,200 ppm) U3O8	1m @ 1.07%
					(10,070ppm) U3O8
	Jan 2021	April 2021	June 2021	June-Aug 2021	Feb-Apr 2022	2nd week June 2022
ersonal	Raised	Flew VTEM	25% of Gemini	91% of drillholes at GMZ	6,000m of drilling planned
	Identified
five projects	$7.1M	and selected	targets hit	intersected radioactivity
			drill targets at	uranium		Potential to vector in on high-
			Gemini	mineralisation	16% of drillholes hit high-grade	grade core up-dip
					intervals
					( >1% U3O8)
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Athabasca Basin, Canada

	92E owns 100% of five projects in and
	around the Athabasca Basin, including
	Gemini which hosts the GMZ uranium
onlydiscovery
use	▪	Gemini
▪	Tower
▪	Clover
▪	Cypress
▪	Powerline
ersonal
	Uranium mineralisation intersected to-date at
		the GMZ is basement hosted. Other
		examples of basement hosted uranium
			deposits include Triple R and Arrow
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GMZ Uranium Discovery

▪ The GMZ is a greenfield uranium discovery discovered by

	92E on 4th hole drilled as a company
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▪	GEM-004 intersected 5.5m @ 0.12% U3O8	(Sep 2021)*

▪ 11 out of 12 drillholes completed at GMZ during winter 2022 returned anomalous radioactivity >300 counts per second (cps)

▪ To-date, uranium assays have been received for four winter
use	2022 drillholes with**
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▪ >1.00% U3O8 (>10,000 ppm) intersected in GEM22- 019 and GEM22-022, and;

▪ >0.5% U3O8 (>5,000 ppm) intersected in GEM22-017 and GEM22-023

* Refer to ASX Announcement 20 September 2021, ** ASX Announcement 6 April 2022

Image: GEM22-019 - RS-121Hand-held Scintillometer and uranium mineralisation

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