The following submission was made by Mike Fewster, Manager of...

The following submission was made by Mike Fewster, Manager of Eaglefield Holdings of the Mulga Rock Deposit to the Standing Committee on Industry and Resources Inquiry into Developing Australia's Non-Fossil Fuel Energy Industry. This is the deposit that BLN is in the process of nailing a 50% stake in (see announcements last week ASX). A very interesting project where differing number are about on the uranium resource. In this submission from May 05, the size is quoted at 46,000t U3O8 @ 2.4lbs/tonne, plus the equivalent of one billion barrels of oil contained in an oly lignite deposit! A director from BLN has recently purchased 2.5 million shares (see announcements last week ASX)

www.aph.gov.au/house/committee/ isr/uranium/subs/sub18.pdf