Australia’s next ASX listed uranium producer
• Existing JORC resources of 6.1 million pounds
• Pro-mining jurisdictions
• Experienced management team
• Production targeted for late 2008
• Exploration and acquisitions provide upside to resource inventory
US is pro-U mining
PROJECT SUMMARY
Rio Puerco
• JORC 4.5 million lbs @ 0.12%
• Attractive grade
• Potential for centralised mill facility
• Permitting process commenced
• Potential to double resource
Apex – Lowboy
• JORC 1.5 million lbs @ 0.07%
• Heap leach potential
• Scoping study completion in February 2007
• 2.0 million lbs of mineable ore targeted
EXPLORATION
Lily's – Sam
• 4 to 5 million lb target identified
• Lily is possible extension to Rio Puerco
• Drill permitting commenced
• Good geological controls
• Large radiometric anomaly defined
• Anomaly could represent extension to Rio Puerco
• Modelling indicates 4-5 million lb target
• Drilling expected by end of March quarter
Apex – Lowboy
• Possible depth extensions to Apex and Lowboy mines
• 8 kms of contact zone to test
• Possible faulted extension to Apex at depth
Grants Mineral Belt
• Straddles New Mexico and Arizona
• Historic production in excess of 340 million pounds of
uranium oxide
• Uranium mineralisation dominantly in roll front
deposits
• Limited exploration since late 1970’s
• Large tonnage targets
• Attractive grades and pro-mining area.
Looking Forward …
• Apex Scoping study completion (Feb’07)
• Drilling of Lily (March-April ’07)
• Regional geophysical survey follow-up (June’07)
• Acquisition of new projects (anytime)
• Permitting of Rio Puerco (2007)
• Permitting of Apex-Lowboy (2007/8)
• Drilling of new targets (August’07)
• Production at Apex (2008)
• Production at Rio Puerco
MAJOR SHAREHOLDERS
METCO (Vendors/Directors) - 55.2%
Australian Directors - 4.8%
Seed Capital & Promoters - 9.0%
Top 20 control 69.4% of shares.
28.5 million shares quoted.
Major Shareholders
METCO (Vendors/Directors) - 55.2%
Australian Directors - 4.8%
Seed Capital & Promoters - 9.0%
Top 20 control 69.4% of shares.
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