Annual report for AN 495, year ended 30 January 2007

Abstract

The work completed during the tenement year ending 30 January 2007 consisted of a comprehensive data review of historic geological and geophysical data, a ground radiometric survey, field geological mapping and discussions with land owners. The work completed, although introductory in nature highlighted a number of areas prospective for uranium mineralisation. These areas require further geological and geophysical investigation, in particular detailed field mapping and ground radiometric surveys. Dependant on these results it is likely that a drilling programme will be carried out during the current field year. The geological review has identified a number of base metal prospects (predominantly sediment hosted copper-zinc-lead-silver) that warrant further work and it is anticipated that once site access issues are resolved that these will be also explored during the 2007 field programme.