placing another buy order @ .012 might get some , page-5

re: international interest... Get the feeling there is a bit of "speculative" money finding it's way from international sources...

There have been a few rather "interesting" stories doing the rounds, suggesting Niue may be hosting a uranium resource "equal to, or larger than" Olympic Dam.

Also noticed the following quote pop up a few times..."geological modelling shows there is the potential for a uranium deposit on Niue "equal or greater" than the world's biggest deposit at Olympic Dam in South Australia"...LOL...have to hand it to them, that's a pretty good spin.

Here are a few of the stories...

Cheers!

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Niue could hold massive uranium deposit
The Age - August 15, 2005 - 1:05PM

The Pacific island nation of Niue could be sitting on the world's biggest uranium deposit, according to the Aussie exploration company about to begin drilling there.

Junior explorer Yamarna Goldfields Ltd, which is taking a stake in the exploration project, says geological modelling shows there is the potential for a uranium deposit on Niue "equal or greater" than the world's biggest deposit at Olympic Dam in South Australia.

The company has signed an agreement with Canberra-based explorer Avian Mining Pty Ltd to take a stake of up to 80 per cent in the project and to spend $1.2 million on exploration work.

Yamarna's director Richard Revelins said geological modelling done by Avian and government scientists from New Zealand and Australia showed the potential for a massive deposit beneath the limestone of Niue, which at 260 square kilometres is the world's largest coral atoll.

"It's very early days, but if it's mineralised on the basis of the model that we are running it has the potential to be very large indeed," he said.

Yamarna will now work to prove the tonnage and grade of the potential resource after which it would prepare a statement on the impact of mining on Niue and apply to convert the current prospecting licence into a mining lease.

Dr Satish Chand of the Asia Pacific School of Economics and Government at the Australian National University said if a large mine was set up it would have a big impact on Niue.

"If there is a big find it will raise the challenge of economic management," he said.

"If the resource is managed well then it could be a boon for their development but if it mismanaged you have the problems of Nauru."

At present there is little industry on Niue and the population has shrunk from a peak of 5,200 in 1966 to about 2,100 in 2004 as people migrate to New Zealand.

The country's heavy reliance on foreign aid has intensified since it was hit by a devastating hurricane in 2004.

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Niue could hold massive uranium deposit
Source: http://www.smh.com.au/

The Pacific island nation of Niue could be sitting on the world's biggest uranium deposit, according to the Aussie exploration company about to begin drilling there.

Junior explorer Yamarna Goldfields Ltd, which is taking a stake in the exploration project, says geological modelling shows there is the potential for a uranium deposit on Niue "equal or greater" than the world's biggest deposit at Olympic Dam in South Australia.

The company has signed an agreement with Canberra-based explorer Avian Mining Pty Ltd to take a stake of up to 80 per cent in the project and to spend $1.2 million on exploration work.

Yamarna's director Richard Revelins said geological modelling done by Avian and government scientists from New Zealand and Australia showed the potential for a massive deposit beneath the limestone of Niue, which at 260 square kilometres is the world's largest coral atoll.

"It's very early days, but if it's mineralised on the basis of the model that we are running it has the potential to be very large indeed," he said.

Yamarna will now work to prove the tonnage and grade of the potential resource after which it would prepare a statement on the impact of mining on Niue and apply to convert the current prospecting licence into a mining lease.

Dr Satish Chand of the Asia Pacific School of Economics and Government at the Australian National University said if a large mine was set up it would have a big impact on Niue.

"If there is a big find it will raise the challenge of economic management," he said.

"If the resource is managed well then it could be a boon for their development but if it is mismanaged you have the problems of Nauru."

At present there is little industry on Niue and the population has shrunk from a peak of 5,200 in 1966 to about 2,100 in 2004 as people migrate to New Zealand.

The country's heavy reliance on foreign aid has intensified since it was hit by a devastating hurricane in 2004.

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AFX News Limited
Australia's Yamarna to explore for uranium on Pacific Island of Niue
08.15.2005, 01:44 AM

SYDNEY (AFX) - Junior exploration company Yamarna Goldfields Ltd said it plans to explore for uranium on the Pacific island of Niue, the world's largest coral atoll, about 480 kms north east of Tonga.

Yamarna, said in a notice to the Australian Stock Exchange that the planned exploration will be the first professionally-led exploration program on the island.

It said historical exploration work undertaken by privately owned Avian Pty Ltd and supported by geological and geochemical studies conducted by various academic and government bodies has shown Niue Island to be prospective for gold, silver, copper, zinc and uranium mineralization.

In addition, Yamarna said vanadium, chromium, nickel, yttrium, strontium, antimony and mercury are present in high amounts.

The explorer said the conceptual exploration program proposed is similar to that used successfully for large discoveries such as the Australia's Olympic Dam copper,gold,uranium deposit - the world's single largest known reservoir of uranium.

'The conceptual geological model being explored at Niue Island has the potential to host uranium mineralization of equal or greater quantity,' Yamarna said.

It said the presence of highly anomalous levels of radioactivity and the presence of uranium on Niue have been confirmed and studied by a number of geologists from both New Zealand's Department of Scientific and Industrial Research (DSIR) and Australia's Bureau of Mineral Resources.

Yamarna has entered into an option agreement with Avian to acquire up to an 80 pct interest in the project and will spend more than 1.2 mln aud on exploration to earn an initial 50 pct. After completing the initial exploration program Yamarna may earn an additional 30 pct.

At 2:15 pm (Sydney) Yamarna share price was up 0.003 or 33.33 pct at 0.012 after more than 53.2 mln or 7.6 pct of its shares traded.

The S&P/ASX 200 was up 4.0 points at 4,473.2.

(1 usd = 1.29 aud)

[email protected]

blh/dg/dk

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