Cosmos Exploration Limited (ASX: C1X) ('Cosmos' or 'the Company') is pleased to announce that community engagement, site access and prosepecting has begun across its highly prospective high-grade uranium project; Fenix, Angilak West and Nut Lake South, located in the emerging uranium mining district of the Thelon Basin, Nunavut, Canada.
Cosmos Executive Chairman, Jeremy Robinson, said: 'It is good to see we are on the ground in such short order after acquiring these projects within the last few months. The initial phase is designed to establish stakeholder relationships, establish modes of access and confirm previous works undertaken in the area with a view to returning asap. We look forward to continuing to update the markets as the results come in'
WORK UNDERWAY
Cosmos has recently arrived in Baker Lake and secured permission from local stakeholders to access the Fenix, Angilak West and Nut Lake South projects. The team will use Baker Lake as a base camp for prospecting and future exploration activities supported by local groups. Initial works involve establishing access to the various sites of interest by helicopter where necessary before commencing prospecting activities. Prospecting activities led by the company's technical director Mr Leo Horn and Exploration Manager Mr Kristian Hendricksen will focus on areas with historic uranium occurrences
THE FENIX PROJECT
The Fenix Project is situated approximately 100km north of the Kiggavik deposit and 50km southwest of the Amer Lake uranium deposit (20M lb U3O87 ) within the Amer Group belt, which is a group of basement rocks that have been subject to complex folding and faulting. The Amer deposit is hosted at the contact between the Showing Lake and Oora Lake formation, however many uranium occurrences are known to occur with other stratigraphic horizons, such as the base of the Resort Lake Formation which is known to contain graphitic horizons that are commonly associated with uranium deposits in the Athabasca Basin. The Fenix project contains all stratigraphic horizons including the upper Tahiraatuaq group which also contains graphitic horizons, as well as the underlying Woodburn Lake group that hosts Kiggavik. The majority of previous work completed at Fenix comprises primarily of reconnaissance ground prospecting work, with the primary focus on identifying radioactive boulder trains created by glacial activity on Uranium deposits. Field programs were conducted sporadically first in 1981 by Westmin/Geoterrex, then much later in 2006 and 2007 by the Titan/Mega JV, utilising a handheld scintillometer to estimate radioactivity and laboratory assays on select samples. This work was extremely successful in the identification of at least six significant highly radioactive boulder trains (RAD-1 to 6), whereby glaciers in the last ice age are interpreted to move radioactive rock in a primarily northwest direction. These boulder trains extend for distances varying from 500m to as long as 3km and are defined by scintillometer readings >1000 and up to 15,000 counts per second (cps). Select assays on radioactive boulders submitted for lab assay indicate high grades of uranium in places with highlights:
ANGILAK WEST PROJECT
Cosmos' Angilak West project is located 30 km's west of Atha Energy's Angilak deposit. The Angilak deposit is the second largest uranium deposit in the Thelon District containing 43.3 million pounds of U3O8 at 0.69% U3O83 held by Atha Energy. It is recognised for its substantial expansion potential and ranks among the highest grade uranium resources globally outside of the Athabasca Basin (See TSX:SASK announcement June 3 2024). The uranium mineralisation at Angilak is primarily controlled by northeast and key northwest cross structures3. Cosmos has acquired highly prospective ground to the west of Angilak along the same key mineralising northwest cross structures, containing several significant geological parameters.
Contact:
Jeremy Robinson
Executive Chairman
Cosmos Exploration Limited
Email: jeremy@cosmosx.com.au
About Cosmos Exploration
Cosmos Exploration Limited (ASX: C1X) is an ASX listed International critical minerals Company focussed on making world class discoveries across all its properties including the Thelon Basin Uranium properties in Nunavut Province in Canada, the Corvette Far East Lithium Project and the Lasalle Lithium Project in the James Bay region of Quebec, the Byro East REE & Ni-Cu-PGE Project located in Western Australia and Orange the East Gold Project located in New South Wales. The Company's primary priority is advancing the highly prospective Thelon Basin Uranium properties which include the Fenix Project, the Angilak West Project and the Nut Lake South Project all of which have historic high grade uranium occurrences noted by previous explorers. The Thelon basin is one the world premier addresses to explore for high grade unconformity related uranium deposits with striking similarities to the nearby Athabasca Basin, a major producer of uranium globally. The Thelon basin is home to the world class Kiggavik deposit (133mlbs at 0.69% U3O8)
Competent Person Statement
The information in this report relates to previous exploration results reported by Geological Survey of Canada in 1979 and Kivalliq Energy Corp 2012. The exploration results are not reported in accordance with the JORC Code 2012 and a Competent Person (as defined by JORC Code 2012) has not done sufficient work to classify the Exploration Results in accordance with JOR C2012 Code. The information in this report relates to Exploration Results and is based on information compiled by Mr Leo Horn and represents an accurate representation of the available data and studies for the project. Mr Horn is a Member of the Australasian Institute of Geoscientists (AIG) and is a Non-Executive Director of Cosmos Exploration Ltd. Mr Horn has sufficient experience relevant to the style of mineralisation under consideration and to the activities undertaken to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Accordingly, Mr Horn consents to the disclosure of this information based on the information compiled by him, in the form and context it appears. The Company confirms that it is not aware of any new information or data that materially affects the information in the relevant ASX releases. The form and context of the announcement have not materially changed. This announcement has been authorised for release by the Board of Cosmos Exploration Ltd.
COSMOS EXPLORATION LIMITED 
