Highlights:• A programme of helicopter-borne radiometric...

Highlights:
• A programme of helicopter-borne radiometric surveying has been completed over five project
areas in Zambia, totalling 8,864 line-km and covering approximately 4,500 square km.

• A total of 15 uranium anomalies have been identified from these surveys:

African Energy Projects (100% equity):
o 6 uranium anomalies have been identified at the southern end of the North Luangwa Valley
Project, with a further 2 anomalies identified at the northern end of the Project,
approximately 100km to the southwest of Paladin’s Kayelekera Project.

Joint Venture Projects (African Energy can earn up to 70% equity from Albidon Limited):
o 2 uranium anomalies have been identified at the Chirundu JV Project within 15 to 30km of
the Njame North prospect.
o 2 uranium anomalies have been identified in the Luano Valley Project.
o 3 uranium anomalies have been identified in the Sinazongwe blocks of the Kariba Valley JV
Project.

• These 15 new anomalies and 7 previously identified anomalies in the Kariba Valley JV Project will
be field checked and prioritised for reconnaissance drill testing to commence in early April, subject
to seasonal rains.