cudeco matters, page-6

buddy134

Long before CuDeco came on the scene Wilgar was recognised as a uranium deposit OF significance and geological maps were marked accordingly.

What did come as a pleasant surprise was the polymetallic nature of the Wilgar deposit . Not only does Wilgar contain uranium of a high content but the gold and silver alone are worth exploiting .

If you refresh your memory by going back through the issued reports, you will get the picture. There are too many drill reports for me to take time to list here.

What should not be lost sight of is that Wilgar has only been drilled 1 metre into the regolith and it will, like Las Minerale and Rocklands South be a cheap open cut operation [ ore is from surface or near surface ].

What should also not be lost sight of is that the Wilgar deposit is open in a number of directions and only very shallow drilling has been done.

It is the deeper drilling I am looking forward to and , after the Queensland Government makes up its mind on the regulations and shipping arrangements for Uranium mining, then I can see justification for that deeper drilling .

The other magnetic anomaly in the south west corner is a much larger proposition.

We , as shareholders of CuDeco, are fortunate that the mining of Rocklands will give us copper, cobalt , gold. To have further minerals added to the list in Uranium and silver makes for further diversification and I like that.