what a company , page-34

The jorc which dyl are referring to is the Tubas tenement



Drilling Summary 31 August 2007

Previous drilling intersected 1 to 4 m thick mineralisation rarely averaging more than 300 ppm U3O8.

Present drilling is regularly intersecting thicker zones of up to 13 m at much higher grades, notably:-

Hole No
Depth (m)
Interval(m)
Lithology
U3O8 (ppm)

A2.80/7.5 0 to 12 10 Red sand 1,638
A4.80/5.5 3 to 15 12 Brown sand 1,036
A6.50/0.5 7 to 20 13 Brown sand 1,050

The uranium mineralisation occurs as recent secondary concentrations of carnotite in gypcrete from the surface (in places) that quickly grades into aeolian and fluviatile sands. Mineralisation is typically restricted to a maximum depth of 30 m and historically was reported by Anglo American to rarely exceed 4 m in thickness and rarely exceed an average of 300 ppm U3O8 over the mineralised zone.

RUN's grid drilling has varied from 50 m spacing to 100 m and lately to 200 m spacing as can be seen on the attached map and is aimed at augmenting the historical data to allow Deep Yellow's consultants to determine JORC resources on an ongoing basis which will eventually encompass the entire 14 by 4 km area of known mineralisation at Tubas. Initial resource numbers are expected within two months.

It is very encouraging that not only is the RUN drilling returning higher grades on average to those that Anglo reported in general; but it is also finding much thicker zones of mineralisation (as depicted above) at much higher grades than Anglo ever reported.