just a little reminder

Husab - 49% interest. The licence contains the small-scale historic Ida copper mine and Husab fluorspar mine which were operational during the 1970s. Uranium-bearing alaskites, similar to those at the Rossing uranium mine, are present in the Ida mine area, and elsewhere within the project area. The extensive fluorspar veins developed at the defunct Husab fluorite mine are also known to be uraniferous. The large scale alaskite (granite) hosted Rossing uranium mine, operated by a subsidiary of the global resource company Rio Tinto Plc, is located approximately 20km northwest of Husab. Additionally, the Langer Heinrich calcrete-hosted uranium deposit, currently being developed by Paladin Resources Ltd, is located approximately 30km south-east of Husab.

Environmental management plans have been approved and geochemistry and ground radiometrics commenced in August 2005. Drill targets have been established and drilling is anticipated to commence in March 2006. The Directors believe that the Husab region is rich with polymetallic mineral occurrences, including uranium, which is a commodity in significant international demand.