26 April 2006Company Announcements OfficeAustralian Stock...

26 April 2006
Company Announcements Office
Australian Stock Exchange Limited
Level 4
Exchange Centre
20 Bridge Street
SYDNEY NSW 2000
Dear Sir / Madam
APPLICATION FOR EXPLORATION LICENCE
IN WESTERN AUSTRALIA
BADJA URANIUM PROJECT - ELA59/1249
The Directors of Reefton Mining N.L. are pleased to announce that in accordance with a programme of
investigating uranium exploration opportunities an application for an Exploration Licence
(ELA59/1249) of 205 square kilometres has been made covering a potential uranium bearing
palaeochannel at Yalgoo in Western Australia.
The palaeochannel is interpreted to be 30 kilometres in length and 2 kilometres in width. It is defined
by an airborne radiometric anomaly shown on the accompanying diagram (Regional database, Bureau
of Mines and Resources). Radiometrics are commonly used to locate palaeochannels that are
potentially uraniferous. The strength of radiometric readings however, can be masked by thin
overlying clay layers and accordingly channel sampling and drilling of the anomalous paleochannel is
required to determine its uranium content
Other paleochannels in the region carry strong uranium mineralisation distributed in the sands and
clays of these fossil drainage systems. The most important discovered to date is Yeeleerie (Western
Mining Corporation) with ore reserves estimated in 1982 as 35 million tonnes grading 0.15% U3O8.
These valley calcrete deposits concentrate uranium transported as carbonate complexes from the
regions granite source rocks.
No ground exploration on the area covered by ELA59/1249 has been carried out for uranium.
1st Floor, 47 Ord Street
West Perth
Western Australia 6005
Email: [email protected]
Website: www.reeftonmining.com.au
Tel: (61 8) 9322 7822
Fax: (61 8) 9322 7823
A C N 010 546 675
The Company has submitted the application into the Department of Industry and Resource’s (Minerals
and Petroleum) expedited list and will execute a standard heritage agreement with the Native Title
claimants. Commencement of the proposed work programme included within the application
submitted with the DOIR provides for a ground radiometric survey, channel sampling and drilling to
determine the dimensions of the alluvial channel and the grade of potential layers of uranium
enrichment.
Yours faithfully
BS MOORE
Chairman
This report accurately reflects information compiled by Mr G.R. Hemming, MAusIMM.,MAIG., a Director of Roscoria Pty
Ltd, who 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.
Enquiries to:
Mr Bradley Moore
Chairman
Phone: +61 (0)8 9322 7822
Facsimile: +61 (0)8 9322 7823
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