American Uranium (ASX:AMU) has commenced its 2026 resource development drilling program at the Lo Herma ISR Uranium Project.
Located in the prolific Powder River Basin of Wyoming, this latest phase follows a highly successful 2025 campaign that successfully extended known mineralisation by over 3km.
The current operation aims to aggressively expand and upgrade the project’s existing 8.57 million pound mineral resource, with a primary focus on the unexplored regions north of the proposed Mine Unit 2.
The technical scope of this phase involves up to 15 drill holes totaling approximately 6,900m.
This data is critical for an interim mineral resource estimate update slated for release by the end of Q1 2026.
CEO Bruce Lane emphasised that this work serves as the bedrock for the company’s broader 2026 roadmap, which includes an infill drilling campaign in the second quarter and a pivotal updated scoping study in Q3.
As one of the few near-term, low-cost in-situ recovery projects in the United States, Lo Herma is positioned as a key player in the nation's nuclear fuel supply chain.
By converting inferred resources into higher-confidence categories, American Uranium is fast-tracking the project toward commercial development.
At the time of reporting, American Uranium's share price was $0.20.