Annual report for EL 24879, EL 24928 and EL 24929

Abstract

Alara Uranium Limited has conducted exploration for uranium over the combined tenement group (EL 24879, E L24928 and EL 24929) during the reporting period. The objective of the exploration was to locate uranium mineralisation. Exploration involved a review of historical data, acquisition and processing of geophysical data, instigation of an airborne geophysical survey, processing and evaluation of aerial photography and ASTER data, and a detailed photo-geological interpretation. Assessment of results derived during the current reporting period and outstanding data from the airborne geophysical survey and photogeological interpretation will form the basis of detailed investigation during the next reporting period.