uxa financing nearing completion on jvs

At least UXA have now solved much of their financing on 9 of the key tenements and with companies having cash to back things up.

The rise in the share price should now assure the options will be converted at 20 cents on 31st March 2008.

Drilling at Playford and Playford S.E. looks to have been put back to January 2008. These areas have been described as very promising by MD, Mr Patrick Mutz.