EXTENSIVE URANIUM MINERALISATION AT KUDU Metals Australia Ltd (‘Metals’) is pleased to announce the following in regard to the Mile 72 uranium project in Namibia: · Spot sampling of the trenches at Kudu has returned assays in excess of 5,000 ppm (0.5%) uranium oxide including: Trench 2A G1624 5,251 ppm (0.525%) Uranium Oxide Trench 6 G1536 5,119 ppm (0.512%) Uranium Oxide Trench 6 G1540 5,413 ppm (0.541%) Uranium Oxide · Limited channel sampling has been undertaken, with results including: Channel 3A-1 5 metres @ 3,351 ppm (0.335%) Uranium Oxide Channel 4-1 8 metres @ 214 ppm (0.021%) Uranium Oxide · Sampling shows strong mineralisation throughout the Kudu prospect area, hosted by both alaskites and schists. · A systematic programme of channel and spot sampling will commence throughout the trenching area in the coming weeks. 7 May 2008 The Manager Company Announcements Office Australian Securities Exchange Exchange Centre 20 Bridge Street SYDNEY NSW 2000
MLS Price at posting:
3.7¢ Sentiment: Buy Disclosure: Held
