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Second Quarter Activities & Cashflow Reports

Extract:
• Uranium resource drilling accelerated with 8,315 metres in 48 holes completed in the December quarter
• Resource drilling for two uranium deposits reported
• Resource drilling and evaluation continues on eight uranium deposits at Mount Isa
• $5 million Georgina Basin uranium search underway with data acquisition and the EM survey aircraft mobilised to Mount Isa
• 60 kilometres of IP geophysical surveys over copper targets completed at Isa South

• Pacific Mines Limited draft demerger documentation and prospectus prepared for IPO listing

• Summit submits a competing application for the Angela Pamela uranium deposits in NT with known 12,400t U3O8 resource

• SPOT MARKET URANIUM OXIDE NOW US$72 POUND

http://sa.iguana2.com/cache/7787d09386578c3deeefc482278c5666/ASX-SMM-349888.pdf


Outflow: $1.7 mill. Cash on 31 Dec: $13.6 mill