HIGH GRADE MINERAL RESOURCE NEARLY DOUBLES AT FOUR MILE URANIUM PROJECT, SA • Four Mile Uranium Project in South Australia Mineral Resource Estimate nearly doubles to 28,000 tonnes (61 Mlb) uranium oxide (U3O8) at an average grade of 0.35% • Increase due to inclusion of maiden Inferred Mineral Resource Estimate for the Four Mile East deposit of 13,000 tonnes (29 Mlb) U3O8 grading 0.31% • Production at Four Mile currently scheduled to commence in January 2010 and is expected to ramp up to a targeted rate of 3 Mlb U3O8 per annum • The expanded resource further underpins the Four Mile Uranium Project as a long-term production centre • Further upgrade of resource at Four Mile West to commence based on drilling completed after release of initial resource of 32 Mlb U3O8 published in 2007
AGS Price at posting:
62.5¢ Sentiment: LT Buy Disclosure: Held
