notice received, page-2

STRONG EM CONDUCTOR IDENTIFIED BENEATH NICKELCOPPER‐
COBALT ANOMALY AT YOUANMI
Located near prospective basal contact zone of intrusion
Sirius Resources (ASX:SIR) is pleased to advise that it has identified a
further EM conductor from its ongoing survey at Youanmi, where Sirius
has a 70% interest in 597km2 of ground surrounding Metals Australia?s
Manindi VMS zinc deposit and covering the contact zone of the Youanmi
layered intrusion. The new EM conductor is located close to the
interpreted basal contact of the Youanmi layered intrusion, associated
with the strong coincident nickel‐copper‐cobalt soil anomaly described in
the ASX announcement of 12th October 2010 (see Figures 1 and 2). This
conductor is in a setting considered prospective for intrusion‐related
magmatic nickel‐copper sulphide deposits and is completely unexplored.
EM is commonly used in exploration for such deposits as it is designed to
detect massive sulphide bodies at depth beneath the oxidised zone of
weathering. The new EM conductor was identified at the easternmost
end of the southern line in the survey designed to test for repetitions of
the Manindi VMS deposit as well as to test the basal contact zone of the
intrusion (see previous ASX announcement of 12th October 2010).
The identification of three EM conductors in this area, each with strong
coincident geochemical anomalies in the appropriate geological setting,
is considered highly encouraging. Follow up EM is ongoing in order to
better constrain the location, depth and geometry of this conductor prior
to drilling.
Mark Bennett
Managing Director and CEO
Sirius Resources NL