highlights for the half year ended 31 december

• Management/Director Change
• Planned separate listing for Uranium West Pty Ltd continues
• Increased operating efficiencies since assuming owner operator status for the Laverton Plant
• Mill up-grade to 1.5mtpa was finalised
• Commercial production status is anticipated in the March 2008 quarter
• Visible gold intersected in core hole at Bells prospect.
• Continued drilling at the Dark Horse prospect defines a contiguous mineralised zone - grades averaging over 2ppm Au.
• Sickle deposit – core drilling below the pit intersects wide massive sulphide zones and strong alteration/deformation.
• Sturt Joint Venture signed with a private syndicate -an exciting uranium project covering a large area in the Lake Eyre basin of SA.