new uranium application with 4856 ppm u3o8

Level 2, 45 Richardson Street PO Box 568
West Perth WA 6005 West Perth WA 6872
Tel: +61 8 9481 2433 Fax: +61 8 9322 5907 Website: www.halcyongroup.com.au
Tuesday 30 January 2007
Ref: 606/131
Company Announcements Office
Australian Stock Exchange Limited
Level 4 Exchange Centre
20 Bridge Street
Sydney NSW 2000
NEW URANIUM APPLICATION WITH 4856 PPM U3O8 IN DRILL CONCENTRATES
The Directors of Halcyon Group Ltd (ASX: HCY) are very pleased to announce that the Company has
applied for tenure which contains drilling by BHP Minerals Ltd for gold in the 1980s where heavy
mineral concentrates assayed up to 4,856ppm (or 0.4856%) U3O8. This result came from a 2 metre
sample of Tertiary channel material within a 4 metre zone where the heavy mineral concentrates
averaged 3,024ppm (0.3024%) U3O8 from 70 metres down drillhole GD7.
Consequently the company has also increased the size of its 100% owned Lake Marmion Uranium
Project (located ~130kms north of Kalgoorlie in Western Australia) by a further 20% to a total of
250km2 through the application for tenement ELA29/637.
This application has now given Halcyon exposure to the discovery of palaeochannel/sedimentary type
uranium deposits with good examples being those deposits in the Frome Embayment in South
Australia with the currently operating in-situ leach mine of Beverley (12 Million Tonnes @ 1,800ppm
U3O8) and the recently discovered Four Mile prospect (Alliance Resources Limited). Locally the
nearest example is the Mulga Rocks Deposit (220kms to the east) which is associated with lignite
(form of organic matter) at the base of a palaeochannel and contains a resource of 10.8 Million
Tonnes @ 1,400ppm U3O8.
Although the results are of concentrates from drill samples, the above mentioned values are very
strong indicators that the base of the palaeochannel is mineralised with uranium, therefore giving a
high probability of discovering economic deposits (greater than 300ppm) of uranium in this
palaeochannel/sedimentary type environment in and around Lake Marmion.
The new tenement application also contains the western extension of the drainage channel that
returned trench sampling results of up to 5,430ppm U3O8 and auger drilling results of up to 800ppm
U3O8 in the 1970s.

Level 2, 45 Richardson Street PO Box 568
West Perth WA 6005 West Perth WA 6872
Tel: +61 8 9481 2433 Fax: +61 8 9322 5907 Website: www.halcyongroup.com.au
The Lake Marmion Uranium Project remains highly prospective for uranium in surficial (near surface)
deposits such as lake sediments. The company is initially focussed on testing the potential of the
project to host this near surface material although any drilling will be extended to also test the
palaeochannel potential.
The attached image can be viewed in colour and at a higher resolution on our comprehensive website,
www.halcyongroup.com.au.
Kind regards
HALCYON GROUP LIMITED
Andrew Radonjic
MANAGING DIRECTOR
Tel: +61 8 9481 2433
The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr
Andrew Radonjic, Managing Director of Halcyon Group, who is a member of The Australasian Institute of Mining and Metallurgy included in a
list promulgated by the ASX from time to time.
Mr Radonjic has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the
activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of
Exploration Results, Mineral Resources and Ore Reserves’. Mr Radonjic consents to the inclusion in the report of the matters based on his
information in the form and context in which it appears.