Uranium Project

The Company's tenements in the South Nicholson Basin region are prospective for uranium. The rocks here are from Lower to Upper-Proterozoic in age and are being targeted for unconformity type uranium deposits. The "hot" (uranium rich) Murphy Inlier granite adjoins the northern part of the tenement area which could potentially act as a source for uranium rich fluids.

There are numerous airborne uranium radiometric anomalies on the Company's tenements that are prospective for uranium mineralisation; these anomalies warrant ground follow up.

The Company intends to field map and sample the uranium radiometric anomalies and associated structures. A hand held scintillometer will be used whilst mapping to assist with identifying any areas of outcropping uranium mineralisation or account for the radiometric anomalies. The results from mapping and sampling programs would provide orientation data for follow up geophysics surveys and drilling as required.

See figures below.

Uranium Targets on Radiometrics

Uranium Target Area with Radiometrics

Uranium Targets with Geology

Uranium Target Area with Geology