very high grade uranium drill results

ANNOUNCEMENT TO THE AUSTRALIAN SECURITIES EXCHANGE:

10 JANUARY 2008

ADDITIONAL DRILLING CONTINUES TO IDENTIFY MULTIPLE ZONES OF
HIGH GRADE URANIUM AT DUKE BATMAN PROSPECT
Highlights:-
Recent drilling at Duke Batman has identified:
• Multiple, thick, high grade zones of mineralisation, including:
�� 29m @ 7,450 ppm (0.745%) U3O8;
(including 11m @ 16,173 ppm (1.62%) U3O8);
�� 23m @ 2,251 ppm (0.225%) U3O8;
• Mineralisation traceable from surface and at shallow depths (<200m);
• Significant mineralisation in 91% of new holes drilled; and
• Mineralisation over 700m of strike (open to the west and at depth).



I do not hold this stock. For some reason I sold.

FSN raised $18M in Canada at $1.50 a share, obviously using historic drill results.

FSN I just proving up what they already know it appears.

Still, little interest.

Market cap of $50M and $20M in cash (40 cents a share).

I feel this company is going to prove up something major.