PLN AREA PROJECTS

Broach

key highlights

Location and access

The Broach property is located approximately 5-15 km south of the JR zone discovery at PLN. In early July, F3 Uranium redefined the boundaries of the legacy PLN Property, splitting it into three distinct areas: PLN, Minto, and Broach. This was done to allow thorough exploration of each property’s potential, highlighting F3 Uranium’s strategic exploration efforts. On January 22, 2024, F3 Uranium acquired CanAlaska Uranium Ltd.’s Patterson West property, merging it with the Broach Lake Property resulting in 17 mineral claims with an area of 19,023 hectares, easily accessible via Highway 955 and straddling the edge of the Athabasca basin.

Geophysics

Initial exploration in 2014 by F3 Uranium included 31 km of ground Moving Loop Electromagnetics and 34 km of ground DC Resistivity surveys to define conductors and possible alteration zones. Attention returned to the Broach Lake area in 2022 with further ground geophysics highlighting multiple high priority conductors. Multiple conductors and resistivity targets on the property remain unexplored.

Drilling

Limited drilling has intersected anomalous radioactivity and multiple occurrences of dravite and elevated boron. Geophysics has identified multiple high priority conductor and resistivity targets under Broach Lake, some of which remain untested by drilling.

Uranium Exploration Potential

The property is located 5-15 km south of the JR zone and just 7 km north of Paladin’s Triple R deposit and NexGen’s Arrow deposit. The property straddles the estimated Athabasca Basin boundary. Limited drilling has intersected anomalous radioactivity and multiple occurrences of dravite and elevated boron. Geophysics has identified multiple high priority conductor and resistivity targets under Broach Lake, some of which remain untested by drilling.

Maps

CHAIRMAN, CEO, DIRECTOR​

Dev Randhawa, MBA

 

Dev Randhawa is a seasoned CEO with extensive experience in resources, mining exploration, and energy companies. As the former CEO of Fission Uranium Corp., Mr. Randhawa, along with his technical team, led the high-grade uranium discovery at PLS in 2012. Recently, Paladin Energy made an offer of $1.1 billion to buy Fission Uranium.

In 1996, Dev founded Strathmore Minerals Corp., leading it until 2008. Mr. Randhawa spun off Fission Energy Corp. in 2007, focusing on uranium exploration in Saskatchewan. He sold major assets to Denison Mines in 2013 for $85 million, creating Fission Uranium Corp.

Dev has executed significant joint ventures, including a $50 million partnership with Sumitomo (Japan) and $44mil with KEPCO (Korea). In 2016, Dev negotiated an $82 million investment in Fission from CGN Mining. He holds a BBA from Trinity Western College and an MBA from the University of British Columbia.