jv placer dome near pdn

I have been holding patiently waiting for the next phase.

Just announced:
The directors of Scimitar Resources Ltd (Scimitar) (ASX code SIM) are pleased to announce
that the Company has entered into a Joint Venture with Placer Dome Australia Limited (“PDAL”)
on the recently granted EL 08/1435. This will form the Flagstaff JV and will be part of the larger
Yanrey Project located near Onslow in Western Australia. The Company will, by meeting all
tenement exploration commitments, obtain a 100% interest in all uranium mineralisation within
the tenement.
The Yanrey Project covers Mesozoic
sediments that are highly prospective
for sandstone hosted roll front uranium
mineralisation similar to that at the
adjacent Manyingee Uranium Deposit
(Paladin Resources Ltd, 100%, ASX
code PDN), which has a published
indicated and inferred resource of
12,078 tonnes at 0.08% U3O8.
Previous exploration by CRA
Exploration Pty Ltd during the 1970s
and early 1980s outlined the potential
for uranium mineralisation to be located
within additional paleochannels. The
Flagstaff JV is prospective for the
downstream extensions of the known
Bennett Well mineralisation and also
other interpreted paleochannels.
Exploration of this area is expected to
commence in early 2006.