News Summary
On December 9, 2025, Noble Plains Uranium announced the second set of drill results from its ongoing program at the Duck Creek Project in Wyoming. The results cover sixteen new holes.
Key highlights include:
– Thirteen of the sixteen holes (81% success rate) intersected uranium mineralization meeting the cut-off criteria (0.02% eU3O8 grade, 2 ft thickness).
– The reported average Grade-Thickness (GT) for the mineralized holes was 0.69, which the company notes is over three times the industry standard cut-off of 0.2 GT for Wyoming roll-front deposits.
– Notable intercepts include 8.68 meters grading 0.080% eU3O8 in hole 25-28-009 and 8.84 meters grading 0.043% eU3O8 in hole 25-28-010.
– Management reiterated their confidence in the asset, highlighting the consistency of mineralization along a 3-mile corridor and their focus on delivering a NI 43-101 compliant resource estimate in the first half of 2026.
Material Impact
This news is materially positive as it provides further confirmation of a continuous and robust uranium roll-front system at the company’s flagship Duck Creek project. Analyzing the historical news flow shows the company is systematically executing its stated strategy.
– Strategic Pivot & Execution (June-Aug 2025): Noble Plains pivoted to Wyoming, optioning the Duck Creek and Shirley Central projects. The strategy was to leverage extensive historical data on these “brownfield” assets to fast-track exploration and resource definition. The company moved quickly from acquisition to permitting.
– Financing (Oct 2025): The company secured ~$1.05 million at $0.09 per unit to fund the planned drill program, ensuring it was capitalized for this critical phase.
– Drilling Commencement (Nov 2025): The drill permit was received and the program commenced as planned, a key operational milestone.
– Initial Results (Dec 1, 2025): The first batch of eight holes was exceptional, with an average GT of 1.0, five times the industry cut-off. This was a significant de-risking event and set a high bar for the project.
– Current Results (Dec 9, 2025): Today’s results, while having a lower average GT of 0.69 compared to the first batch, are still very strong and, more importantly, demonstrate *consistency*. Hitting mineralization in 20 of the first 24 holes (83% total success rate) across a wide area provides strong evidence for the continuity required to build a resource estimate.
The news is in line with expectations set by the initial results and confirms the exploration thesis. It demonstrates management’s ability to execute its plan effectively and keeps the company on track for its H1 2026 resource estimate timeline. From a risk-averse perspective, this consistent success is more valuable than a single spectacular drill hole, as it points toward a potentially economic deposit.
Catalysts
– Continued Drill Results: The company has drilled 24 of a planned ~150 holes at Duck Creek. The market will be watching for continued consistent results from the expansion drilling.
– Fort Union Formation Results: The most significant near-term catalyst will be the results from the ~10 holes planned to test the deeper, untested Fort Union Formation. Success here could fundamentally change the scale of the project, as this formation hosts the bulk of resources at neighboring projects.
– Shirley Central Progress: The company received a drill permit for its Shirley Central project in August 2025. News on the commencement of drilling and initial results from this second project will be a key development.
– Treasury Updates: Monitor for signs of the next financing. With an aggressive drill program underway, the current cash position will be depleted. The timing and terms of the next capital raise are crucial.
Materiality Conclusion
The news is Material – Positive. It successfully builds on the initial discovery holes, demonstrates continuity and consistency of mineralization, and further de-risks the Duck Creek project. While not a “game-changer” like the initial discovery news, it is a critical and successful step in the process of defining a compliant mineral resource, which is the company’s primary objective.
