Ann: Mile 72 Uranium Drilling Expands Opportunity, page-21

re: Ann: Mile 72 Uranium Drilling Expands Opp... The grades revealed so far by the initial assay results do confirm the firm's exploration model of Rossing-style alaskite-hosting uranium.

But so far at least the grades are very low- only two holes recorded two grades significantly higher and these only for very short intersections. Deep Yellow at its Omahola project to the west of MA's area is looking of consistant grades of at least 400 ppm to justify a mining development.

The point that Rossing successfully mine slow grade ore is correct. BUT Rossing was brought into operation 35 years ago when the cost of building a mine were far lower than now and don't forget that Rossing is a very big deposit.
MA has a long way to go before discovering mineralization potentially anything like Rossing or Husab.

Its worth bearing in mind that another firm TSX-listed Xemplar Energy- spent a lot of money investigating Rossing-style alaskites in the south of Namibia (Warmbad)for two-three years. While it found mineralization it was mainly too low grade to warrant further exploration or development and the firm gave up over three years ago (when the uranium price was over double what it is now).