Taken from www.uic.com.au (Uranium Information Centre) - last...

Taken from www.uic.com.au (Uranium Information Centre) - last updated August 2005

Angela

The Angela deposit, 25 km south of Alice Springs was discovered in 1973 and extensively drilled by Uranerz Australia in 1989, under a Uranerz-MIM joint venture. It has 11,500 tonnes of U3O8 at 0.13%, spread over several kilometres in sandstone.

After Uranerz departed from Australia in 1991, Angela was held under a retention licence, but this was relinquished due to prevailing Labor Government policy. Uranium Australia NL, renamed Black Range Minerals NL, applied for reinstatement of the licence, but it appears to have lapsed. Black Range has gone into administration.

Obviously no longer in administation (not updated...???), Black Range Minerals has a 100% owned subsidiary called "UAL Pty Ltd " which owns the licence to the Angela Deposit.

I find it strange that absolutely no mention whatsoever has been made in recent announcements by BLR. The share price activity suggests that there are activities going on behind the scenes with regards to this licence.

The Angela deposit is by no means something to sneeze at. If UAL renewed their licence, this could be interesting times for BLR.

I dont hold.

Marchello