"Hit per hole" record continues

Issued to HotCopper subscribers today:

ANATOLIA ENERGY: “HIT PER HOLE RECORD” CONTINUES

Anatolia Energy (ASX: AEK) is a fully funded uranium explorer and developer with two projects in close proximity in Turkey, namely Sefaatli and Temrezli. The Company has recently announced a remarkable “hit per hole” recordfrom its Phase 1 drilling at Sefaatli.

In 2014 Anatolia announced a PEA at Temrezli that reported very impressive numbers but in the last quarter the focus has been, and will continue to be into 2015, on exploration at Sefaatli, that sits only 40km away.

On 11 November Anatolia announced the completion of 29 holes at Sefaatli (rotary and HQ diamond core) for 3,154m at its Deliler Prospect at Sefaatli and every hole drilledverified the existence of significant uranium mineralisation.

On 1 December Anatolia announced the completion of a further 21 drill holes spread across the Deliler and Tulu Tepe Propects at Sefaatli and again every hole intersected uranium mineralisation. Drilling was near the cross cutting fault identified in the earlier drilling and all 11 holes intersected two or more lenses, with one hole up to 4 stacked lenses.

Highlights from the drilling include:

• 1.8m @ 950ppm eU3O8 from 75.4m inc 0.6m @ 1,940ppm eU3O8
• 1.2m @ 740ppm eU3O8 from 75.7m
• 1.3m @ 580ppm eU3O8 from 51.9m inc 0.5m @ 1,520ppm eU3O8
• 3.7m @ 330ppm eU3O8 from 118.3m

Paul Cronin, Anatolia’s Interim Managing Director Anatolia has stated “These are great results. It is early days but it is not unreasonable to feel that the results show Sefaatli could become a serious satellite resource.”

Anatolia receives strong in-country support. The Turkish Government has approved 8 nuclear reactors (construction is underway), with 4 more planned to be on-line by 2025 and its stated objective is to produce uranium domestically.

Temrezli is a high grade deposit amenable to In-Situ Recovery (ISR). The PEA demonstrated it to be a robust project with a Pre Tax NPV of $186.5m, $310m free cash flow, with an up front capital cost of $30.2m. Success at Sefaatli would add considerably to the mine life for only incremental capex.

In August Anatolia completed a $6.0m placement. Over 50% of the Company’s shares are held by well knownglobal institutional and strategic investors, showing a strong endorsement of the Company’s projects.

The rising contract uranium priceis further good news for Anatolia, hitting a recent high of $49/lb. Paul Cronin commented “as the uncertainty of Japanese reactor restarts ends, we are finally seeing uranium prices return to long term fundamentals, but a lack of investment in uranium projects over the last 4 years, has left a significant supply deficit looming. I expect 2015 to be a very interesting year for emerging uranium producers – our timing could be perfect”

Three Buy recommendations: Prominent brokers have written on Anatolia in 2014 and consensus target price is $0.23 which suggests a potential considerable re-weighting for Anatolia (current price $0.064), (see website for reports).

Anatolia is assessing the first drill results in greater detail to determine a follow on Phase 2 program that is likely to commence in Q1 2015. The Company anticipates announcing an initial resource in the third quarter.

With the success of the recent drilling, a climbing uranium price and the added value Sefaatli can bring to the existing proven assets, Anatolia is in a position to look forward to 2015 with a lot of confidence.