has had the richard, page-28

re: has had the richard-brantley Just roughly comparing what rrs paid for their peru tenement with that of frontier pacific in march/april .

Frontier Pacific 4000 hectares: 50% interest
Up front $50,000 USD
1,500,000 shares approx.(25c) $281,250 USD
Explore. expend. $2,000,000 USD
total. $2,331,250 USD


increase area to 30000 hect. for further $2,000,000 USD explore expenditure . total $4,331,250 USD

RRS for 1600 hect. 80% interest
up front $165,000 USD
100,000,000 shares (approx 2.5c) $1,875,000 USD
90,000,000 options (approx .7c) $472,500 USD
explore expend $ 300,000 USD
total $2,812,500 USD


From website...
Frontier Pacific will earn a 50% joint venture interest in the mineral concessions by making the following payments to Solex and incurring the following annual expenditures on or prior to the specified date.
Time Payment (US $) Expenditure (US $) Earn-in
(i) On signing & TSX-V approval 200,000 Shares & $50,000 none
(ii) 1 st Anniversary 250,000 Shares $250,000
(iii) 2 nd Anniversary 300,000 Shares $350,000
(iv) 3 rd Anniversary 350,000 Shares $500,000
(v) 4 th Anniversary 400,000 Shares $900,000
Total 1,500,000 Shares $2,000,000 50%



Total exploration expenditures for the Option period have been increased from the US$2 million to US$4 million to reflect the increase in concession areas from the initial 4000 hectares to 30,000 hectares.

RRS
Corachapi Uranium
As announced on 24 June, Range re-negotiated the Heads of Agreement and
agreed to acquire an 80% interest in Sociedad Minera de Responsabilidad Limitada
Corachapi (Somirelco) for the following consideration:
1. A cash payment of US$165,000;
2. 100 million Shares and 90 million Options (5 cents on or before 1 October
2007) to be issued as follows:
•40 million Shares and 10 million Options to be issued immediately (20
million Shares subject to voluntary escrow until 31 December 2005
and 10 million Shares and 10 million Options subject to voluntary
escrow until 27 November 2006); and
•60 million Shares and 80 million Options issued on or before 1
December 2006.
3. Minimum expenditure commitment of US$300,000 for an exploration
programme on the Mining Concessions within an 18 month period.
By taking the 80% position in Somirelco, the Company acquired management control
of the Corachapi Uranium Project and 80% interests in two additional mining
concessions being Taypicorani and Taititira and one application being Kihitian,
bringing the total concession area in the Macusani District to 1,600 hectares.