Vimy Resources Limited (ASX: VMY) has upgraded the Ambassador Resource Estimate at its Mulga Rock Uranium Project located approximately 240km east northeast of Kalgoorlie in Western Australia (Figure 1).

Figure 1. Location of Mulga Rock Uranium Deposits

Highlights include:

• Ambassador average uranium resource grade has increased by 30% from 469ppm to 610ppm U₃O₈;

• Ambassador mineral resource estimate has increased to 28.1Mt grading at 610ppm U₃O₈ for a contained 37.5Mlbs U₃O₈ representing a 33% increase in the contained metal of the previous resource estimate;

• Approximately 58% of the Ambassador resource is now in the Indicated Resource category totalling 13.0Mt at 750ppm U₃O₈ for 21.6Mlbs U₃O₈;

• Mulga Rock total Mineral Resource Estimate has now increased by 12% to 59.7Mt at 550ppm U₃O₈ for a contained 72.7Mlbs U₃O₈.

The Mulga Rock Uranium Project is 100% owned and operated by the company and is approximately 757km² in area. The project comprises the Princess and Ambassador resources and will form the first stage of potential mine development.

For further information, visit www.vimyresources.com.au

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