10 sqkm of uranium, page-3

"The 4 Mile uranium prospect covers an area in excess of 10 km2 and remains to be closed off
by +150 hole drilling programme. The uranium mineralisation is hosted by reduced Eocene
sands and sandy siltstones located at varying depths, from 140m to 200m below surface, and in
lateral zones of variable grade. The best drill intercepts include:
• 9.5m @ 0.97% pU3O8 (AK086, from 151.5m)
• 11m @ 0.80% pU3O8 (AK101, from 145.5m)
• 9m @ 1.66% pU3O8 (AK103, from 150.5m)
These intercepts help define a portion of a linear high-grade zone adjacent to the southern
termination of the western limb of the prospect. The geological setting is significantly different to
the Miocene hosted channel systems of the nearby Beverley uranium orebody.'



References
Anderson, C. G., 2003. Proterozoic/Cambro-Ordovician copper-gold-uranium prospectivity of
the Mt Painter Province, South Australia. Report for Heathgate Resources, unpublished.
McConachy, G., W., 2003 Geological report on the Arkaroola reconnaissance sampling
programme September 2003. Arkaroola, South Australia. Report to Quasar Resources,
unpublished.
Pontifex, I., 2006, Mineralogical Report No 8871. Confidential report to Quasar Resources Pty
Ltd., unpubished.
Teale, G.S., 2002 A review of the Mt Painter region: previous exploration, geology,
mineralisation and exploration potential. Report to Heathgate Resources, unpublished