**** uranium price booms, page-37

dyl & sim to benefit if uranium is discover Can someone confirm if DYL is drilling in the NT for U2 at the moment ? If they are then let hope they'll find the U2 they're looking for, as I am a SIM holder and SIM is applying for leases around DYL NT grounds.

With DYL there are over 285 millions shares and around $1.8M in cash and SIM there are 16 millions shares and around $2.7M in cash. SIM also applying for leases next to PDN and South Aust.

Go DYL.


Scimitar Applies for Tenements in Northern Territory
ACN 102 912 783
27 April 2005
ASX Release
Scimitar Applies for Tenements in Northern Territory
The directors of Scimitar Resources Ltd (Scimitar) (ASX Code: SIM) are pleased to
announce the further increase in the Company’s uranium portfolio. The Company
has applied for six exploration licences in the Northern Territory, covering 7,760 km²
in the Ngalia Basin of the Arunta Block, 250 km north-west of Alice Springs.
The Ngalia basin is a large 300 km long by 70 km wide east west trending intra-
cratonic basin of Late Proterozoic to Carboniferous aged fluvial sediments derived
from the surrounding, early to mid Proterozoic granites and metamorphic rocks of the
Arunta Block.
The basin was the centre of active uranium exploration during the 1970’s and early
1980’s, with the focus on roll front uranium mineralisation hosted within the Devonian
to Carboniferous aged Mount Eclipse Sandstone and carnotite mineralisation hosted
within recent surficial and near surface calcrete horizons.
A number of significant uranium occurrences are located within the basin including
the Bigrlyi Uranium deposit, 2770 tonnes at 0.34% U3O8. The Bigrlyi Uranium
deposit, a modified roll front style, was identified in 1973 during basin wide
exploration undertaken by Central Pacific Minerals NL and is now held by Jindalee
Resources Limited.
Eclipse Project
Scimitar has applied for six exploration licences that cover prospective Devonian to
Carboniferous aged sediments and granitic basement of the Arunta Block, along the
southern and north-eastern margins of the Ngalia basin, including outcropping and
near surface extensions of the Mount Eclipse Sandstone and low grade uranium
mineralisation associated with recent surficial calcrete outcrops.
The Currinya prospect, on the southern basin margin, is a north-east trending
radioactive anomaly identified in shallow buried sandy clays below a low grade
carnotite bearing calcrete cap.