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Energy Metals Limited (ASX:EME)

ALERT: Price-sensitive ASX Announcement for EME
Current share price for EME : $0.074 -0.026 (-26%)+
Announcement
Release
22 Oct 2025 8:18AM
Price at Release
$0.100
Full Release
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Summary
Energy Metals Limited reported on their recent exploration activities in the Ngalia Basin, highlighting the successful completion of RC drilling programs at the Walbiri South and Penrynth prospects. The drilling at Walbiri South identified a 4km strike extent of mineralisation with elevated uranium levels, while initial drilling at Penrynth also yielded promising uranium results. The report notes an increase in Energy Metals' ownership of the Bigrlyi Joint Venture due to a minor dilution of another party's share. The exploration results are based on equivalent U3O8 calculated from calibrated downhole gamma logs, with further chemical assays pending. The update reflects the company's positive outlook on the Ngalia Basin's potential for further uranium discoveries.
Key Points
  • RC drilling completed at Walbiri South and Penrynth
  • 4km strike extent identified at Walbiri South
  • Promising initial uranium results at Penrynth
  • Energy Metals' ownership in Bigrlyi JV increased
  • Results based on equivalent U3O8 from gamma logs
  • Further chemical assays pending
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.