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Company Reefton Mining N.L.
TIDM RTM
Headline Further re uranium discovery
Released 09:09 21-Mar-05
Number 9863J



RNS Number:9863J
Reefton Mining N.L.
21 March 2005


Reefton Mining NL
ACN 010 546 675

21 March 2005

Reefton Mining NL ("Reefton" or the "Company")

The Australian Stock Exchange (ASX) requested further information in relation to
the announcement titled "NEW URANIUM DISCOVERY" released on 18 March 2005.

The letters from the ASX can be found on the website at www.asx.com.au. Click on
'past searches' under Company Announcements and enter the company code for
Reefton, RTM.

The Company's two responses to the ASX are reproduced below.

ADDITIONAL INFORMATION REGARDING

THE HAKSKEEN URANIUM PROJECT - NAMIBIA

In response to the ASX letter dated the 18th March 2005, the Directors advise
that the first pass ground radiometric survey was conducted over an area
depicted on a published map as containing a uranium occurrence at Hakskeen
located within the Erongo Polymetallic Project. In addition, exploration data
from the Ministry of Mines and Energy in Namibia shows an airborne radiometric
anomaly (two times background) covering a north-east tending zone of 8
kilometres in length and averaging 2 kilometres in width.

Reefton have completed two ground truthing radiometric survey lines, each of
1,000 metres in length and 1,000 metres apart. Readings were taken with a
Canadian EDA Scintillometer (GRS-500) hired from Fugro Instruments, Perth.
Station interval is 20 metres and the data recorded from the survey is displayed
in Table 1 (attached).

The ground radiometric data shows significant readings of up to 4.5 times
background. The data is a valid measurement of physical properties of uranium
and its daughter products. Some authors regard an anomaly as results above 2
times background and significant anomalies above two standard deviations. These
Hakskeen anomalies being 4.5 times background and well in excess of two standard
deviations, are clearly significant. They are consistent with the presence of a
source of uranium bearing mineralisation, similar to other occurrences in the
Province.

The radiometric survey is continuing in conjunction with soil sampling over the
radiometric anomalies.

An RC drilling rig has been engaged to commence shallow drilling on the Hakskeen
target which is interpreted as a potential palaeochannel uranium deposit similar
to the Larger Heinrich uranium deposit located to South (see location map
attached).

Drilling is anticipated to begin on the palaeochannel within the next few days.

Mr Garry Hemming has worked on the Plumbago Uranium Project and the Honeymoon
Well Uranium deposit both located in South Australia. Mr Hemming has sufficient
experience which is relevant to the style of mineralisation and type of deposit
under consideration and to the activity which he is undertaking to qualify as a
Competent Person as defined in the 2004 Edition of the 'Australian Code for
Reporting of Exploration Results, Mineral Resources and Ore Reserve'. Mr Hemming
consents to the inclusion in the report of the matters based on his information
in the form and context in which it appears.

We confirm that the company is in compliance with the listing rules and, in
particular, listing rule 3.1.

G R Hemming
Director

Enquiries to:
Mr Garry Hemming - Technical Director
Mr Simon Gilbert - Chief Executive Officer
Chief Executive Officer
Phone: +61 (0)8 9322 7822
Facsimile: +61 (0)8 9322 7823

This report accurately reflects information compiled by Mr G.R. Hemming,
MAusIMM.,MAIG., a Director of Roscoria Pty Ltd, who is a competent person as
defined by the Australasian Code for Reporting of Identified Minerals Resources
and Ore Reserves and accurately reflects the information compiled by the
competent person.
------------------------------------------
Hakskeen Uranium Project - Hakskeen Target
Line 1 Line 2
Station TCPS TCPM Station TCPS TCPM
----------- ------- -------- ----------- ------- --------
21 340 20400 67 423 25380
22 356 21360 68 445 26700
23 325 19500 69 399 23940
24 339 20340 70 347 20820
25 367 22020 71 281 16860
26 371 22260 72 368 22080
27 331 19860 73 361 21660
28 339 20340 74 312 18720
29 327 19620 75 442 26520
30 317 19020 76 845 50700
31 360 21600 77 746 44760
32 365 21900 78 546 32760
33 371 22260 79 604 36240
34 382 22920 80 345 20700
35 679 40740 81 353 21180
36 785 47100 82 356 21360
37 1572 94320 83 363 21780
38 575 34500 84 321 19260
39 749 44940 85 333 19980
40 1415 84900 86 353 21180
41 1135 68100 87 435 26100
42 467 28020 88 471 28260
43 724 43440 89 374 22440
44 565 33900 90 340 20400
45 907 54420 91 221 13260
46 497 29820 92 416 24960
47 449 26940 93 391 23460
48 510 30600 94 801 48060
49 440 26400 95 393 23580
50 466 27960 96 405 24300
51 611 36660 97 339 20340
52 391 23460 98 415 24900
53 375 22500 99 372 22320
54 362 21720 100 357 21420
55 356 21360 101 351 21060
56 344 20640 102 321 19260
57 376 22560 103 363 21780
58 355 21300 104 332 19920
59 352 21120 105 304 18240
60 368 22080 106 446 26760
61 345 20700 107 445 26700
62 342 20520
63 356 21360
64 384 23040
65 358 21480
66 371 22260
----------- ------- -------- ----------- ------- --------
Table 1. Radiometric data recorded from the radiometric ground survey.

TCPS = Total Counts per Second
TCPM = Total Counts per Minute


FURTHER INFORMATION REGARDING "NEW URANIUM DISCOVERY" ANNOUNCEMENT


In response to the ASX letter of 18 March 2005, the Directors provide the
following response in relation to the question as to why the Company's
announcement of the same date was entitled "New Uranium Discovery".

Prior to the location of the regional airborne radiometric summary map by Dr
Christian Schlag, the Company was unaware of uranium mineralisation within its
Erongo Polymetallic Project, Namibia.

Subsequent validation of the airborne radiometrics by completing a ground
truthing radiometric survey has identified a uranium source, warranting/* the
title of "New Uranium Discovery".


B Moore

Chairman

Enquiries to:
Mr Garry Hemming - Technical Director
Mr Simon Gilbert - Chief Executive Officer
Chief Executive Officer
Phone: +61 (0)8 9322 7822
Facsimile: +61 (0)8 9322 7823

This report accurately reflects information compiled by Mr G.R. Hemming,
MAusIMM. MAIG , a Director of Roscoria Pty Ltd, who is a competent person as
defined by the Australasian Code for Reporting of Exploration Results, Mineral
Resources and Ore Reserves and accurately reflects the information compiled by
the competent person. Mr Hemming has sufficient experience which is relevant to
the style of mineralisation and type of deposit under consideration and to the
activity which he is undertaking to qualify as a Competent Person as defined in
the 2004 Edition of the 'Australasian Code for Reporting of Exploration Results,
Mineral Resources and Ore Reserves'. Mr Hemming consents to the inclusion in the
report of the matters based on his information in the form and context in which
it appears.



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