They both look to be very good targets at a great address.
• GIB’s Erongo Project is located in the heart of the renowned Erongo Uranium District,one of the world’s foremost uranium producing areas
• The Erongo permits are highly prospective for calcrete-palaeochannel hosted uraniumdeposits. Similar deposits close to GIB’s permits include the producing Langer HeinrichMine (Paladin); the Tumas Deposit (Deep Yellow) and the adjacent Koppies Deposit(Elevate Uranium) as well as numerous other uranium occurrences
• The Koppies North Prospect is targeting a northerly extension to the Koppies Resource(Elevate Uranium Limited), which is truncated by the GIB permit boundary
• The Canyon Prospect is targeting calcrete uranium mineralisation within a constrainedpalaeo-valley, analogous in scale and setting to the Langer Heinrich uranium deposit.This target is undrilled
Ann: Acquisition of Namibian Uranium Projects, page-4
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