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Peak Resources Limited
• Surface samples from shallow calcrete pit returns up to 384 ppm U3O8
• Anomalous soil samples returned from recent field reconnaissance
• Follow-Up drilling currently being planned
Peak Resources Limited
ACN 72 112 546 700
Lake Darlot Uranium Project
(Peak Resources 100%)
Peak Resources Limited (PEK) is pleased to announce highly encouraging assay results
from initial exploration work carried out at its Lake Darlot Uranium Prospect.
The Lake Darlot Prospect comprises broad calcareous sedimentary deposits up to 10
metres thick at the margins of Lake Darlot. The calcareous sediments have been identified
as being enriched in uranium by precipitation from drainage inflows from nearby
catchments that host “hot” granites (high uranium levels).
Regional radiometrics data has identified a broad zone of anomalous uranium in
sediments that is approximately 7 km long x 2.4 km wide. PEK completed a sample
traverse over part of the anomaly in March to verify the radiometrics and delineate
background U3O8 within the Prospect.
During the sampling programme, the uranium rich mineral carnotite was identified in a
shallow calcrete pit (< 1 metre deep) located on the edge of Lake Darlot.
Sample results from grab sampling within the shallow pit has returned highly encouraging
results of 147 and 384 ppm U3O8 with soil sampling returning a peak result of 186 ppm
U3O8.
Lake Darlot is one of four prospects comprising PEK’s Goldfields Uranium Projects (“GUP”)
The project group includes Lake Darlot, Cogla Downs, Gabyon and Cosmo Prospects. GUP
run in an east-west band across the mid west of
Western Australia. Theprospects were selected
in mid 2005 based uponwork completed by the
CSIRO in the mid 1970’sin identifying uranium
occurrences withincalcrete sediments.Field work by PEK
commenced in March

ENCOURAGING URANIUM A S SAY S RETURNED
FROM LAKE DARLOT
11th May 2007
Contact:
Mark Maine
Managing Director
Mob 0416107244
Kell Nielsen
Technical Director
Mob 0417914328
Tel: +61 8 9316 9599
Fax: +61 8 9316 9588
Email:
[email protected]
ASX RELEASE
LAKE DARLOT
SHALLOW CALCRETE PIT
LAKE DARLOT— URANIUM RADIOMETRICS & SAMPLING TRAVERSE
ASX Release Page 2
384 ppm U3O8
returned from
sampling in shallow
calcrete Pit
The information in this report is based on information compiled by Mr. Kell Nielsen, a Member
of the Australian Institute of Mining and Metallurgy. Mr. Nielsen is a full-time employee
of Peak Resources Limited and has sufficient experience which is relevant to the style of mineralisation
and type of deposit under consideration and to the activity which he is undertaking
to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code
for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr. Nielsen consents
to the inclusion in the report of the matters based on his information in the form and
context in which it appears.
SIGNIFICANT RESULTS — LAKE DARLOT
Sample
Type
Sample
Number
North East Grid (U3O8 ppm) Comments
Grab Sample 2044861 363909 6929267 MGA94_51 33.72 Shallow Calcrete Pit
Grab Sample 2044862 363909 6929267 MGA94_51 146.79 Shallow Calcrete Pit
Soil 2044854 363940 6929620 MGA94_51 54.59 Surface Soil Sample
Grab Sample 2044863 363909 6929267 MGA94_51 384.35 Shallow Calcrete Pit
Soil 2044851 363650 6929607 MGA94_51 61.9 Surface Soil Sample
Soil 2044850 363544 6929600 MGA94_51 31.72 Surface Soil Sample
Soil 2044853 363849 6929617 MGA94_51 185.69 Surface Soil Sample
Soil 2044852 363742 6929611 MGA94_51 48.93 Surface Soil Sample
E 37/832
Results listed as U3O8 ppm