add anouncement, page-5

Think back to the prospectus issued earlier this year. ADD stated they need uranium grades in the range of 100-300 ppm to be commercial. Obviously, grades above 300 ppm are even better.

Holes LSC 14, 16, 17, 18, 19, 20, 22, 23, 24, 25, 26, 28 all had grades above 100 ppm. All these readings were at shallow depth. Only 5 holes had ore grades below 100 ppm. One hole had 680 ppm, the highest grade measured to date.

More results from Clayton Basin to come soon rom ANSTO at Lucas Heights. ANSTO's equipment is much more accurate.

And drilling to start next door at Mumpie. ADD has the money to do some extensive exploration. This was good news. The SP increased about 8% on light trade. Not a startling market reaction.