pierpont's article from yesterdays afr, page-47

re: mtn/all aboard

NATIONAL URANIUM MINING POLICY INITIATIVE



AUSTRALIA'S FEDERAL MINISTER FOR RESOURCES

HON. IAN MACFARLANE



ESTABLISHES GOVERNMENTAL, SCIENTIFIC, INDUSTRY, INDIGENOUS AND COMMUNITY

WORKING GROUP TO REDUCE IMPEDIMENTS TO URANIUM MINING AND ENSURE A CONSISTENT AND EFFICIENT REGULATORY REGIME








Australian uranium policy addressed.

Development of a national uranium policy for Australia has been initiated by the Industry Minister: "Australia is currently the world?s second largest producer of uranium, but there are significant challenges facing the industry in this country while, globally, there are concerns about future supply," he said. "The Uranium Industry Framework will examine all sides of the issue through a science-based approach developed in partnership with relevant State and Territory governments, industry, indigenous and community stakeholders." Principal aims are to reduce impediments to exploration and mining and ensure a consistent and efficient regulatory regime.

I. Macfarlane 11/8/05. Reported by UIC 12 August 2005

Summit Resources Limited has been invited onto the Industry Working Group to work with the Federal Government to achieve the National Regulatory Regime

Alan J Eggers

Summit Resources Limited

PERTH 13 August 2005