in the green, page-10

cheers dude - remember this

$6 million in the bank
Great tenements
Positive U results at Clayton Basin
Only 186 million shares on register 53% held by Top 20 shareholders
They have their own drilling rigs
I have been told this will be better than DYL & its going OK IMO
Sister company RMG with massive following
Native titles cleared in QLD
Mumpie drilling to commence this month (with the Mumpie tenement, there is a large U deposit the lays in the NTH and across into a tenement leased by SIM
SIM's EL3510 & EL3557 join Adavale EL3620 & it is SIM's EL3510 Marree which lays to the North of Adavale EL3620 Mumpie.

POST BY CADREELIL

18 holes drilled at Lake Surprise. The hottest hole has 611 ppm of uranium at 7 meters depth. 8 holes registered over 200 ppm and only one hole had a reading below 100 ppm (97 ppm). All of these readings were between 2 and 11 meters below the surface. Previous ADD announcements stated they needed grades of between 100-300ppm to be commercially viable.

And now we have the bonus of phosphate grades of up to 28%. This could be a nice earner. Rock phosphate has increased 4 fold in the last 12 months to US$200/T. One tonne of P makes 4 tonnes of super phosphate.

ADD spent $332K on exploration in the June qtr, increasing to $585 for this qtr and $6 million in the bank. I'm glad I've been topping up at these sub 6 cent prices.