agm notes

Just a few highlights from the AGM.
Steve Johnston believes that the B4 find will be the highest grade and biggest Uranium discovery in the world in recent times. He states that everyone will be suprised by the size of this discovery and there is a lot more to find by deeper drilling as well between the western and eastern zones. He is also sure that B4 will be mined by opencast method so that they can capture all of the high grade uranium.
Steve is also very excited about the Warrina project. A slide was shown at the meeting that will not be shown to anyone else because of competitors in the area. It shows an area of a gravity target very similar in size to Olympic Dam. Drilling on the Big NE site is due to start in December and they may have to shift a diamond drill from Maldon to finish off the 2 holes they have planned. The target depth is 200 metres and they are very confident off finding something substantial here.
Another area that excites the team is the East Frome project in NSW and is being targeted for gold and copper but also has uranium which they cannot drill for in NSW. Licence for this project is about 2 weeks away so that is why not too much is known of this project.
Maldon decline has been delayed because of lack of staff to operate the jumbo machine but two new operators have been hired to start in late December.
Over all a very confident feeling from the meeting and everyone is very positive about the future of this company.
This is only my interpretation of the presentation from the meeting so please do your own research for investment purposes.
brookvill2