Final surrender report for EL 26172 for the period ending 12 February 2009

Abstract

In accordance with section 32 of the Mining Act, please find below all information relating to activities for the above exploration licence from date of grant (12/02/08) to surrender (12/01/2009). Title to EL 26172 is held by GE Resources Pty Ltd, a 100% wholly owned subsidiary of Uranium Equities Ltd. No field work or ground/surface disturbing activities was undertaken during these tenements first and only year of tenure. No rehabilitation obligations therefore apply. Other activities included: Historical data compilation and desktop study, engaging with the Central Land Council (CLC) regarding cultural heritage obligations and Tradition Owner negotiations, seeking interest in Joint Venture Parties.