drilling commences and new licence granted

ABN: 71 001 666 600
ACN: 001 666 600
Registered & Operations Office:
Ground Floor
47 Colin Street
West Australian West Perth WA
Metals Ltd Australia 6005
Ph: +61 8 9321 7355
Fax: +61 8 9321 7399
Administration Office:
PO Box 66
West Perth WA
Australia 6872
Ph: +61 8 9226 3697
Fax: +61 8 9322 7823
12 March 2007
Company Announcements Office
Australian Stock Exchange Limited
Level 4
Exchange Centre
20 Bridge Street
SYDNEY NSW 2000
• DRILLING COMMENCES - MARENICA URANIUM PROJECT, NAMIBIA
• NEW LICENCE GRANTED – SCADDAN URANIUM PROJECT, WA
Marenica Uranium Project - Namibia
Drilling has commenced at the Marenica Uranium Project, Namibia.
The program will consist of around 2500 metres of RC percussion drilling testing known areas of
surface and near surface mineralisation associated with the palaeo-drainage system as well as new
targets for both secondary and primary uranium mineralisation. All holes will be down-hole gamma
probed and assayed.
Scaddan Uranium Project – Western Australia
A second exploration licence has been granted for the Scaddan Uranium Project located
75kms northeast of Esperance, southern Western Australia. The licence, EL63/1037, covers
around 180 sq km bringing the total project area to 300 sq km.
The two licences now granted are considered prospective for uranium mineralisation hosted
by palaeo-drainage sediments. The tenements are held in the company’s wholly owned
subsidiary Bronzewing Gold Ltd.
The Company will undertake a study of existing geological and geophysical data to identify
likely palaeo-channel trends and indicators of uranium mineralisation before commencing
field activities.
Yours sincerely,
Leon Reisgys
CEO and Technical Director