mls vs ext, page-14

Here is a snip from the initial MLS trenching report. OT but may be of interest to some :)



25 October 2007


The Manager
Company Announcements Office
Australian Securities Exchange
Exchange Centre
20 Bridge Street
SYDNEY NSW 2000


Dear Sir,

OUTSTANDING HIGH-GRADE URANIUM RESULTS FROM
SAMPLING AT MILE 72, NAMIBIA

Metals Australia Ltd (‘MLS’) is pleased to announce the following in regard to the Mile 72 uranium
project in Namibia:

• Trial pit sampling at the Kudu prospect has resulted a number of outstanding
assays including:
M72 KDUP 001 5, 329 ppm (0.53%) Uranium Oxide
M72 KDUP 002 23,113 ppm (2.31%) Uranium Oxide
M72 KDUP 004 9,639 ppm (0.96%) Uranium Oxide

• Trial pit sampling shows an increase in the grade of uranium as depth increases.

• The trial pits consisted of two sets of pits approximately 800 metres apart in the
southern Kudu prospect area.

• Initial pit and trench sampling shows a layer of uranium enriched gypcrete, of
variable thickness, overlying a primary uraniferous system at depth, hosted by
mineralised alaskites and granites.

• An extensive programme of mechanical pit and trench sampling has now
commenced at Mile 72, targeting the geochemical and radiometric uranium
anomalies at Kudu (in excess of 11 km2) and Impala (in excess of 6.75 km2).