If you couldn't read it on the website - here it is:Don't know...

If you couldn't read it on the website - here it is:

Don't know how 'naughty' that is putting it up before the ASX has released it - it's dated tomorrow!!

What is the ASX happened to 'have issues' with it?

14 May, 2007
ASX RELEASE
Bondi Signs Letter of Intent To Acquire Strategic Uranium Portfolio -
Projects covering 15,085 km2 In Three Major Uranium Provinces In The
Northern Territory And Queensland
Highlights
• Bondi plans to acquire three area plays in districts in the Northern
Territory and Queensland with high prospectivity, proven mineralisation
and existing high grade intersections
• Bondi to gain access to at least 40 high quality untested uranium
targets, most of which can be brought to drill stage in 2007
• The acquisition will expose Bondi to potential for discovery of:
o high grade unconformity-style mineralisation,
o Ben Lomond/Maureen-style uranium-molybdenum mineralisation,
and
o near surface bulk-mineable calcrete-style uranium mineralisation
Bondi Mining Ltd (ASX code:BOM) is pleased to announce that it has reached
an in principle agreement to acquire strategic uranium tenement holdings in
three Australian uranium districts with proven high grade mineralization and
size potential. Bondi has signed a letter of intent with Buffalo Gold Ltd
(BUF.U:TSX-V) to acquire 100% of its Australian uranium portfolio, which is
made up of 10 granted tenements and 13 applications totaling 15,085km2 in
three major uranium provinces in the Northern Territory and Queensland.
The transaction, if completed, will establish Bondi Mining as a significant Australian
uranium explorer, with strategic tenement packages in a number of established and
highly prospective districts, including:
1. The Murphy Project, Northern Territory, is the southern extension of the
Alligator Rivers Uranium field and has identical geological ingredients to the
district that hosts 750 million lbs of high grade uranium mineralization further
to the north. The tenement package to be acquired by Bondi contains at least
12 untested targets for unconformity-style mineralisation under shallow cover,
and will be brought to drill stage in 2007.
2. The North Maureen Project in Queensland is a large 3,300km2 package of
tenements immediately to the north of the Maureen deposit of Mega Uranium
Ltd which contains a historical resource of 6.5 million lbs U3O8 at a grade of
0.12% U3O8 and 0.07% Molybdenum. The tenement package to be acquired
by Bondi contains 18 untested targets under thin cover which show similar
characteristics to the Maureen deposit. These will be advanced by a program
of detailed geophysics and drilling in 2007. The Juntala project, to the south
of the North Maureen Project, has potential for uranium mineralization
associated with a uranium-rich granite, with indications of mineralisation in
overlying sediments and nearby graphitic metasediments.
3. The Lake Amadeus and Lake Neal projects, located in the southwest portion
of the Northern Territory, comprise tenement applications which cover a 60km
long zone of untested uranium airborne radiometric anomalies with strong
potential for calcrete-hosted mineralization of a type that currently accounts
for approximately 165 million lbs of low production cost, bulk-mineable
uranium mineralisation in Australia.
“The addition of this portfolio exposes Bondi to significant value potential” said Dr
Rick Valenta, Bondi’s Managing Director. “It gives Bondi exposure to a strategic
uranium portfolio in proven districts with multiple high quality uranium targets that
have an excellent chance of success. We intend to carry out an aggressive
exploration program which will advance these projects towards discovery as quickly
as possible. We also look forward to a strong collaboration with Buffalo Gold at a
technical and board level.”
In consideration for the acquisition of the portfolio, Bondi will issue 25 million of its
fully paid ordinary shares to Buffalo Gold (representing approximately 44% of Bondi’s
enlarged capital) along with 5 million options to subscribe for ordinary shares at 60
cents per share with an exercise period of 24 months following execution of a
definitive agreement for the proposed acquisition. Bondi will also grant Buffalo Gold
the right to appoint two additional members to the Bondi Board of Directors. The
transaction is subject to documentation satisfactory to both parties. The transaction
is also subject to Bondi Mining being satisfied with its due diligence investigation and
to Bondi obtaining all necessary shareholder and other approvals for the issue of
approximately 44% of its expanded share capital to Buffalo Gold Ltd.
It is proposed that a definitive legal agreement relating to the transaction be
negotiated and finalized as quickly as possible. In light of this development, and
subject to regulatory approval, the directors intend to cancel the Extraordinary
General Meeting scheduled to occur on 8 June 2007 and combine the business of
that meeting (namely the issue of shares and granting of options to Dr Richard
Valenta) with the resolutions required to give effect to the proposed transaction with
Buffalo Gold as described above.
Bondi Mining Ltd is a newly listed exploration company focused on the creation of
shareholder value through mineral discovery. The company has three active projects
in New South Wales where it is exploring for gold, copper and nickel, and has
recently completed aeromagnetic and ground electromagnetic surveys as a prelude
to drilling later in 2007.
All queries to:
Rick Valenta, Managing Director (0448) 110 765
[email protected]
The exploration data and results contained in this report are based on information reviewed by Dr Rick Valenta, a
member of the Australian Institute of Mining and Metallurgy. He is Managing Director of the Company and has
sufficient experience which is relevant to the styles of mineralisation and types of deposits under consideration and to
the activity which he is undertaking to qualify as a Competent Person as defined in the December 2004 edition of the
Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code). Dr
Valenta has consented to the inclusion in this release of the matters based on his information in the form and context
in which it appears.
Figure 1 – Buffalo Gold project areas included in acquisition
Figure 2 – Westmoreland Project Tenements and Target areas
Figure 3 – North Maureen Project Tenements and Target areas
Figure 4 – Lake Amadeus and Lake Neal Tenements and Uranium anomalies