20th June 2007
• Further results received from resource drilling at the Molyhil Project, with all
assay results now received.
• Updated resource estimation in progress to be followed by revised mining
reserve.
• Final metallurgical results received, confirming expected concentrate
specifications, indicating primary concentrate grades of MoS2 at @ 51.4%
Mo with a recovery of 77.8% and WO3 at 72.9% with a recovery of 65.4%.
• Reconnaissance aircore drilling at the Hale River Uranium Project now 50%
complete, with 24 holes drilled for 1,549m.
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