Noble plc(US:NE) Newsfile·2025-12-01 13:00Core Insights - Noble Plains Uranium Corp. has reported an 87% success rate from the initial eight drill holes at the Duck Creek Project in Wyoming, indicating strong potential for uranium mineralization [1][2][8] Drill Results - The first eight drill holes have exceeded expectations, with seven of them intersecting uranium mineralization averaging five times above the industry standard Grade-Thickness (GT) cut-off of 0.2, achieving an average GT of 1.0 [2][6] - The average thickness of intercepts in the first seven holes is 17.6 feet, with an average grade of 0.057% eU3O8 [2][6] - Detailed results from the drill holes include various depths, lengths, and grades, with the highest GT recorded at 1.29 for hole 25-28-001 [2][3] Exploration Target - A Technical Report filed on August 14, 2025, outlined an exploration target ranging from 2.37 million tons at 0.03% U₃O₈ to 5.45 million tons at 0.05% U₃O₈, based on assumed GT values [5] - The average GT of 1.0 from the initial results is approximately 67% higher than the upper range GT of 0.598 used in the Technical Report, indicating stronger than anticipated mineralization [6] Drilling Program Overview - The Duck Creek drill program is permitted for up to 37,400 feet across approximately 150 holes, focusing on three key objectives: confirmation of historic data, expansion of shallow mineralization, and first-ever drilling of the Fort Union Formation [9][11][12] - The program aims to verify 1,317 historic intercepts and extend mineralized boundaries along the 3-mile-long Wasatch roll-front corridor [9][11] Company Strategy - The company aims to identify undervalued brownfield projects and convert legacy data into quantifiable resources, with a focus on rapid delineation of NI 43-101 compliant resources [16][8] - Ongoing drilling and the release of results in batches are intended to maintain transparency and demonstrate progress towards a resource estimate in the first half of 2026 [15]