initial jorc from namibia, page-24

The initial JORC from Namibia out today is HUGE HUGE HUGE

17,600 tonnes for a small 96 km sq channel on the Tubas block only when 20 years ago Anglo estimated 18,000 tonnes from all 3 RUN tenements

This confirm our earlier discussion that DYL could prove up a world class resource

A good yard stick is PDN's Langer Heinrich deposit which had a similar historic non-JORC resource of 12,000 tonnes when PDN took it over, and drilled out to JORC has 50,000 tonnes U308 today

My estimate is we have about 160,000 tonnes in Namibia based on the following:-

18,000 tonnes non-JORC in the 3 RUN tenements and

22,000 tonnes non-JORC from EPL 3498 (I base this on the 5,500 tonnes of the 25% of EPL 3498 which was drilled out)

Namibia = 40,000 tonnes non-JORC historic resource

31 August 2007 announcement indicates a multiplier of 9 (present drilling for holes reported 3 times better grade of U308 and mineralisation zone 3 times thicker) but lets assume over the whole of their ground in Namibia present drilling averages 4 times better than historic drilling results then 4 x 40,000 tonnes = 160,000 tonnes U308

Todays announcement indicates a multiplier of many times the old drilling is being proven up into JORC inferred Resource