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South Preston Project

About South Preston Project

CAT Strategic’s district-scale South Preston Uranium Property is located in the southwest area of Canada’s Athabasca Basin  and spanning across 29,395 hectares.Athabasca Basin is known as the one of the world’s leading sources of high-grade uranium, supplying ~20% of the world’s uranium.

Recent Discoveries within the Region

Recently there has been a several discoveries within the same area that South Preston Project is located:

  1. NexGen Energy Ltd.’s Arrow high-grade uranium deposit
  2. Fission Uranium Corp. Triple R’s uranium Lake South deposit

South Preston project has more than 10km of adjacent property border with NexGen Energy Ltd., more than 18.5 km of continuous project boundary with Orano (a leading global uranium producer), and 50 km of contiguous claim border with Azincourt Energy Corp.

Regional Geology

The property could potentially be hosting the extension of a priority uranium exploration corridor extending from NexGen Energy Ltd.’s Rook-1 Project through Azincourt Energy Corp.’s adjacent East Preston Uranium Project and onto CAT’s South Preston Uranium Property.

EXPLORATION PROGRAM

The Company intends to conduct certain exploration work that will advance its near-term objective to commence the drill testing of targets at the South Preston Uranium Property. Additional announcements relating to the South Preston Uranium Project are expected to be made by news release upon closing of the transaction.