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26 cents
$161 million
618 million shares
$35 million
24 July 2007
Subsurface Uranium Discovered by
Tanzania Drilling
Highlights
• Multiple thick subsurface uranium
mineralised zones discovered
• Initial assay results show peak
intersections of
o 7 metres at 1,233 ppm U3O8
(including 3 metres at 2,607 ppm U3O8)
o 7 metres at 549 ppm U3O8
(including 4 metres at 843 ppm U3O8)
o 6 metres at 507 ppm U3O8
(including 2 metres at 1,145 ppm U3O8)
o 7 metres at 400 ppm U3O8
(including 3 metres at 770 ppm U3O8)
o 4 metres at 515 ppm U3O8
(including 2 metres at 855 ppm U3O8)
• Drilling to recommence early August
Drilling Results
Results to date have shown that strong subsurface mineralisation is present. The drilling has
indicated multiple mineralised horizons preferentially hosted in sandstone units frequently at
or near contact with mudstone units. This is typical for sandstone hosted roll front style
uranium deposits such as the Kyelekera deposit in nearby Malawi.
The drill section shown in Diagram 3 shows that three mineralised zones are evident above a
cut-off grade of 50ppm U3O8 with consistent intersections within these zones above a 100
ppm U3O8 cut-off. The peak intersection of 7 metres at 1,233 ppm U3O8 is located 200 metres
from this section on another drilling profile. Deeper drilling in future will determine if more
mineralisation is present below those identified to date. Intersection widths range up to 7
metres, encouraging for the economic potential of the area.
Diagram 3: Cross Section Henri Prospect
Peak intersections above 100 ppm U3O8 cutoff achieved include:
7 metres at 1,233 ppm U3O8 from surface
7 metres at 549 ppm U3O8 from 9 metres
6 metres at 507 ppm U3O8 from 6 metres
7 metres at 400 ppm U3O8 from 12 metres
4 metres at 515ppm U3O8 from 24 metre

Table 1: Intersections greater than 100 ppm U3O8
Hole ID Collar Co-ordinates
(WGS84/S36)
Intersection
East North From
(metres)
Width
(metres)
ppm U3O8
MRC002 885604 8831694 0 7 1,233
Including 0 3 2,607
MRC004 885671 8831736 No significant intersections
MRC007 885557 8831680 No significant intersections
MRC010 885753 8831564 9 1 120
12 7 400
Including 3 770
25 5 212
Including 1 590
38 1 130
40 1 100
MRC011 885732 8831556 11 1 390
37 1 210
40 2 220
MRC012 885710 8831549 9 7 549
Including 4 843
25 5 106
31 2 175
39 4 170
MRC013 885683 8831499 17 2 445
40 2 210
MRC014 885632 8831446 31 1 290
36 1 170
MRC015 885783 8831580 6 6 507
Including 2 1145
24 4 515
Including 2 855
35 4 305
MRC016 885828 8831590 7 1 480
33 1 250
MRC017 885805 8831582 5 5 144
27 1 120
33 1 110
35 3 270
Notes on Table 1:
Samples have been collected by riffle splitting dry intervals and representative tube sampling of wet
intervals. Samples have been analysed by ICP using laboratory method ME-ICP61s by ALS Chemex
laboratory Perth Australia. Certified reference standards and blanks have been included by Western Metals
in addition to laboratory control standards. All results are in U3O8 ppm uranium with analysis method
accuracy quoted at ± 10 ppm U3O8. Co-ordinates are WGS84 and have been measured by hand held GPS.