four mile prospect update

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Four Mile Prospect Update

Highlights

�� The mineral resource estimate for the drilled out portion of Four Mile West is having final checks completed before being released.

�� High grade uranium intersections continue from Four Mile West, including:
9.1 metres grading 1.84% pU3O8

�� High grade uranium intersections continue from Four Mile East, including:
2.0 metres grading 1.37% pU3O8

Drilling

A total of 38 holes were drilled for 7,589 metres in the Four Mile region during March (refer Table 1). It is emphasised that the results may be subject to revision once the geophysical logs are made available to Alliance.

Drilling at Four Mile West was undertaken to validate PFN calibration. Five twin holes were completed near holes of the initial infill drilling completed last year. The best intercept was 9.1 metres grading 1.84% pU3O8.
Drilling at Four Mile East was completed as part of a major step-out drilling program to define the limits of mineralisation (thirty-one drill holes). The best intercept was 2.0 metres grading 1.37% pU3O8.