resource estimate for njame north uranium deposit

RESOURCE ESTIMATE FOR NJAME NORTH URANIUM DEPOSIT, ZAMBIA


HIGHLIGHTS

An initial resource estimate has been completed for the Njame North uranium deposit in the Kariba
Valley, Zambia:

Inferred Resource
5.5 Million Tonnes at 400 ppm U3O8 – 200 ppm UO cut-off

Containing 2,200 Tonnes of U3O8 (4.8 Mlb U3O8)


The mineralisation is open along strike and at depth with good potential for expansion of the
resource.

Uranium mineralisation occurs in two sub-horizontal layers, and is of the style referred to as
sandstone-type uranium mineralisation.

The mineralisation is mostly located within 50m of surface.

Scoping studies of metallurgy and processing options for the Njame North mineralisation will
commence in the next quarter.

Initial drilling of the analogous Chisebuka Prospect will commence later this month, as soon as a
drill rig can be mobilised.

Large scale airborne radiometric surveys will commence in the next quarter over a number of new
targets in the prospective Karoo basins covered by the Albidon/EVE JV tenements.