We should get an update any day now regarding the survey, then...

We should get an update any day now regarding the survey, then shortly after a drill date, possibly both at once.

They are running out of time under the agreement they had three months starting 17 December 2010 to do so it's now 10 Feb 2011.


"Mt Barrett Project (M12 Rare Earth Elements target, Western Australia: E38/2053) The main target at Mt Barrett is the discrete 1.3 km by 2.0 km ?gBulls?]Eye?h strongly magnetic M12 intrusive which is a possible Mt Weld?]style carbonatite (rare earth elements target).

Under the Terms of the joint venture agreement, URE must spend $300,000 within 3 months to evaluate the M12 target. URE can then earn a 70% interest in the project by a
further spend of $2 million. After earning 70%, Oroya will be free?]carried with 30% to completion of a BFS and Decision to Mine."