MNS 0.00% 4.2¢ magnis energy technologies ltd

signs of life, page-11

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    Hi Lanka,

    News is due soon on:

    1. formal lab assays for core diamond drillings undertaken last quarter. Anticipation is high on pending results noting that we encountered mineralisation on each drill. A Niton portable XRF analyser used on site identified 10m @ >1000ppm U308 in MKDD0009.

    2. proposed airborne geophysics program planned to commence early February. results due shortly after.

    3. results of a recent marketing trip to Asia. there is a strong possibility of cash injection from interested asian parties. My guess would be up to 15% of Mkuju at $1million dollars for every 1%.

    4. PFS completion for Manyoni.

    5. Quarterly reporting also due.


    All very positive. Good luck all.


    Niton portable XRF analyser, with a
    peak intersection of 10m @ 1,038 ppm U3O8 encountered in MKDD0009

    Formal laboratory assays and identification of the mineral
    assemblages are expected early in the New Year.
    An airborne geophysics program is planned for early 2011 to assist in planning
    for the 2011 field season, scheduled to commence in February.
 
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