EL 25758 Angela Uranium Project Annual Report for period 3 October 2012 to 2 October 2013

Abstract

The Angela Uranium Project is located approximately 25km south of Alice Springs and consists of a single Exploration Licence (EL 25758) encompassing the Angela and Pamela uranium deposits. Exploration Licence 25758 was granted over an area of 21 blocks on 3 October 2008. The licence is currently registered to Paladin NT Pty Ltd (100%). Cameco Australia Pty Ltd operated and managed the Project to August 2011 when Paladin NT Pty Ltd took over management of the Project. The Northern Territory Government made an announcement on 28 September 2010 that it would not support the development of a mine at Angela, therefore a substantially reduced program has been undertaken during the current and previous reporting periods. During the 2012 - 2013 reporting period work was limited to completion of the proposed rehabilitation program.