Powerhaus Uranium (ASX:POW) Mobilises Field Crews at Terrace del Molle Target

Aditi Sarkar

06 October 2026 02:09 PM AEDT

Powerhaus Uranium (ASX:POW) Mobilises Field Crews at Terrace del Molle Target

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Highlights

Field crews mobilised to the Terrace del Molle calcrete uranium target.
Initial radiometric survey to cover 9km² of an approximately 17km² terrace.
Salamanca Formation drilling of 4,000-5,000m planned from November 2026, subject to permits.
Assay results expected in late Q4 2026.

Powerhaus Uranium Limited (ASX:POW) has mobilised field crews to the Terrace del Molle calcrete uranium target within its Malbec Uranium Project in Chubut Province, Argentina. The work begins a staged exploration program about a month after the company listed on the ASX.

Staged Field Program at Terrace del Molle

Terrace del Molle is described as the largest continuous calcrete terrace identified at Central Malbec. The initial program covers 9 square kilometres of an approximately 17-square-kilometre terrace.

The work is structured in three stages: a 400m by 400m radiometric grid, closer-spaced measurements over any anomalies, and shallow excavation sampling at about 0.5 metres depth.

Project Background and Earlier Results

The 100%-owned Malbec Project covers around 2,000 square kilometres across four granted exploration permits and 16 applications. Earlier grab samples from Cerro Tacho returned 523ppm and 344ppm U3O8, which the company regards as among the highest calcrete-hosted results at Central Malbec. Grab samples represent single points and are not indicative of area-wide grades.

Managing Director Siobhan Lancaster said the company is pleased to have crews on site and work underway just a month after listing on the ASX.

Key Milestones Ahead

Salamanca Formation drilling of 4,000 to 5,000 metres is planned for November 2026, subject to environmental permits, and assay results from the field program are expected in late Q4 2026.

Mechanical trenching to 2-3 metres is planned for Q1 2027, subject to initial results, with possible follow-up drilling in Q1-Q2 2027 depending on trenching outcomes. The company raised $9 million through its IPO in August 2026.

Key Takeaways

Field work has begun at Terrace del Molle, the largest calcrete terrace identified at Central Malbec.
Drilling of the Salamanca Formation is planned from November 2026, subject to permits.
Assays are due in late Q4 2026, with trenching and follow-up drilling to follow in 2027.

FAQs

Q: What did Powerhaus Uranium announce?

A:The mobilisation of field crews to the Terrace del Molle calcrete uranium target at the Malbec Project.

Q: Where is the Malbec Project?

A:It is located in Chubut Province, Argentina.

Q: What area will the initial survey cover?

A:About 9 square kilometres of an approximately 17-square-kilometre terrace.

Q: When are assay results expected?

A:Assay results are expected in late Q4 2026.

Q: What drilling is planned?

A:Salamanca Formation drilling of 4,000-5,000 metres from November 2026, subject to environmental permits.

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