Sampling analysis report

Abstract

On 02 June 2008 drill chips from historical holes MQ3,5,7,10,12,15,16,19 (Saracen Minerals NL) were sampled for geochemical assay. On 07 July 2008 drill chips from historical holes M10P, M8P, M9P,M7P,M6P, M5P (Agip Ltd) were sampled for geochemical assay. This report details geochemical assay work conducted on those samples.

The work was conducted as part of Uramet Minerals Ltd's Southern Georgina Basin phosphate exploration program which followed from the discovery of high-grade phosphorite in outcrop in the Boat Hill area (SEL 24769, Marqua Project, Tobermory 1:250K map sheet). The Thorntonia Limestone was the principal target geological unit for this program.

The historical holes were part of former base metal exploration programs conducted in the 1980's, however, phosphate mineralization failed to be recognized and no assays for phosphorus were conducted at the time. The aim of this work was to identify high-grade phosphorite occurrences in the sub-surface Thorntonia Limestone and so target particular areas for reconnaissance phosphate drilling in the 2008 field season. As part of this program the historical holes were assayed for phosphorus and other elements related to phosphate mineralization.