summary

RSL Summary:

* Market Cap $10.3m approx (at 2cents) with
516,000,000 shares on issue.
* Cash $1.8mil
* Red Rock Resources Major Shareholder: 15.6%
(escrow till Aug 2008) plus opportunity to
inrease to 29% with options and performance
shares.
* Top 20 hold 37%
* Ian Scott CEO : Former Chief Geologist at
Olympic Dam copper-uranium mine.Over 30yrs
experience.
* Uranium assests :
Australia:NT (total area=770km2)
WS (total area=210km2)
total leases = 6
Africa:Malawi (currently being finalised with
Malawi Government) total area=571km2
total leases = 2 (Machinga lease with a
high priority PGW target & Chintheche
lease.Both anomalous for uranium)


RSL = plenty of upside with uranium leases in 2 countries and in areas anomalous for urnanium + Ian Scott as CEO,X-Chief Geologist at Olympic Dam copper-uranium mine.