REPORT FOR QUARTER ENDED 31 MARCH 2007 30th April 2007
HIGHLIGHTS • Significant progress to evaluate the extensive exploration and operating history contained in the Bison Basin Database, with JORC resource definition work at West Alkali Creek nearing completion. • Ongoing program to licence and complete definition drilling at Sweetwater Project. • At Pécs Project, analysis of extensive drill hole data, core samples, drill logs, and geological cross sections progressed ahead of schedule with JORC resource definition nearing completion for whole project area. • Technical Operations Plan (TOP) approved for Dinnyeberki, final approval for Bàtàszék imminent and submissions for Pécs and Màriakéménd almost completed. • Commenced an evaluation of historical uranium projects and resources across Central Eastern European, and identified new opportunities in several countries. Initial evaluation and applications process has commenced. • Application submitted for 350,000 hectare concession covering historic exploration ground in Paraguay. Approval expected in early May. • Appointed highly experienced executive team members to provide technical capability for evaluation and licencing of all projects.
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