asx ann today

ASX ANN today
HCY 2:10 PM Third Quarter Activities Report

http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00716144

For the Quarter Ending
31 March 2007
HIGHLIGHTS
�� Initial surface sampling at the Lake Marmion Uranium Project (which has increased in size by 37% to 42km2) has returned several results above 100ppm U3O8 highlighting the potential to host near surface uranium mineralisation.

�� The Bardoc Nickel Joint Venture with Minara Resources Ltd has approved and then drilled another four holes into the priority Western Zone nickel sulphide target, both along strike and down-dip to the drill intersections of 45 metres @ 0.5% Nickel, 0.05% Cobalt and 0.1% Copper from 21 metres and 2m @ 1.05% Nickel, 0.04%Cobalt and 0.12%Copper from 150 metres.

�� Strong drill results with assays of up to 15.3 g/t gold have extended the mineralisation to over 300 metres in strike length at the Big Blow North prospect.