Aurora Project - Traction Uranium

AURORA PROJECT

Overview

The Aurora Project

Traction Uranium has the opportunity to earn up to an 80% interest in the Aurora project, located in the Athabasca Basin, Saskatchewan, covering 18,744 hectares.
The Project features 12 mineral claims covering 18,744 hectares.
Primarily supported by logistical infrastructure in Saskatoon.
Historical depth measurements from the surface to the top of the unconformity ranges from 19 to 66 meters.
Traction Uranium is exploring for unconformity-related uranium deposits, typically hosted near the sandstone-basement unconformity.

Regional

Location and Access

The Aurora project is located in the Athabasca Basin, approximately 760 km north of Saskatoon and 15 km west of the Key Lake Mill.
Positioned just 15 km east of Cameco’s Key Lake uranium mill and highway 914.
The Project straddles the southeastern margin of the Athabasca Basin.
Accessible primarily by helicopter on-site, and various trails extending off of highway 914.
The region’s infrastructure includes the nearby Key Lake uranium mill, with transmission lines pass through the project area.

Regional

Geology

The Aurora Project straddles the southeastern edge of the Athabasca Basin.
The Athabasca Supergroup in the eastern Athabasca Basin is dominated by clastic rocks, primarily sandstones and conglomerates that unconformably overly highly-deformed and metamorphosed rocks of the Hearne Domain.
The Hearne Craton was tectonically intercalated and variably metamorphosed during the Trans-Hudson orogeny, resulting in a generally north-northeast to northeast-southwest fabric.
Historical drilling indicates the true vertical thickness of the Athabasca Supergroup sandstones is between 0 and 45 meters.
Drilling to date has generally penetrated only 20 to 50 meters into the basement rocks.

Aurora

Historical Work

1935: Initial regional geological reconnaissance completed by the Canada Department of Mines.
1969: Early airborne geophysical work completed, including electromagnetic, magnetic, and radiometric surveys.
1975 to 1980: Major historical exploration period, including lake sediment and soil geochemistry, scintillometer prospecting, airborne and ground geophysics, and multiple drilling programs.
2005 to 2013: Renewed uranium exploration added modern airborne TDEM, VTEM, gravity, ZTEM, soil geochemistry, prospecting, and sampling programs.
2024 to 2025: Cosa Resources completed modern exploration programs including VTEM, gravity gradiometer, aeromagnetics, remote sensing, and soil gas geochemistry to refine targets across the property.

* Rare Earth Elements, Niobium & Phosphorus

Future / Development Timeline

Q1-2026

Option Agreement

COMPLETE

Finalize program approvals and secure contractors for the airborne radiometric survey

Q2-2026

Field Program

PLANNED

Complete a property-wide airborne radiometric survey, expected to begin after snowmelt, to identify and prioritize radiometric anomalies across Aurora

Q3-2026

Drill Target Modelling

PLANNED

Interpret airborne results, finalize drill targeting, and begin helicopter-supported diamond drilling and follow-up radiometric prospecting

Q4-2026

Financial Raise

PLANNED

Complete drilling in four to six holes, finish prospecting and data integration, and refine additional target areas for follow-up work in 2027

Q1-2027

Drill Program

PLANNED

Data integration, and refine additional target areas for follow-up work

Future / Development Timeline

2022

Field Program

COMPLETE

Staked claim
Improved hand sample grades
Performed QEMSCAN analysis to examine host mineralogy

Q3 2023

Field Program

COMPLETE

Perform aeromagnetic survey to further reveal structure.

Q4 2023

Program Planning

ONGOING

Prepare exploration budgets.
Perform till sampling to test nearby anomaly.

2024

Financial Raise

PENDING

Use magnetic survey results for drill targeting.
Drill test if warranted.

Q1 2025

Drill Program

PENDING

Test the structure for mineralogy, grade, and metallurgical potential