Ann: JP Equity Partners Investor Briefing 'Going Nuclear', page-6

We need amended approvals because our Wiluna project will be modified based on current high U prices.

Because it has already be approved this is massive for new investors, no surprises ahead when we go through the process again. It will be a box ticking exercise.

Its like DYL mulga rock they had approval for Vimys project but will need to reapply because DYL is doing a different mining approach according to the DFS.

Our project is the best prospect in WA. Simple mining near surface. Vanadium by product adds value. No big overburden.

The uranium is sitting right there, just grab your shovel and scoop it up pretty much.

Even John Borshoff said himself the Lake Way project was most likely to proceed first in 2007, due to the nature of the resource. I suspect he has his eyes on us.