Extract Resources - Rossing South Exploration Update - Zone 3 Emerging



    SOUTH PERTH, Western Australia, Aug. 31 /CNW/ - Extract Resources ("the
Company") today announced confirmation of additional zones of uranium
mineralisation at Rossing South.

    
    Highlights:

    -   Zone 3 - Chemical assay results confirm strong uranium
        mineralisation, 1.2km south of the current Zone 2 resource area.

    -   Strongly anomalous hand held spectrometer results, 2.4km southwest of
        the current Zone 2 resource area.

    -   Abundant high grade results continue to be returned from Zone 1 and
        Zone 2.

    -   Eight holes completed so far at the Salem prospect, 10km south of
        Rossing South. All have returned numerous anomalous mineralised
        intercepts.

    Chemical assay results not previously reported from recent drilling at
Rossing South include:

            ------------------------------------------------------
             Hole ID           From     To      Mineralised zones
                                 (m)    (m)               (U3O8)
            ------------------------------------------------------
             Zone 1
            ------------------------------------------------------
             RDD030              84    164       80m @ 838 ppm
            ------------------------------------------------------
             RDD041             254    299       45m @ 1045 ppm
            ------------------------------------------------------
             RDD049             235    271       36m @ 821 ppm
            ------------------------------------------------------
             RRC396             188    278       90m @ 796 ppm
            ------------------------------------------------------
             Zone 2
            ------------------------------------------------------
             RRC338             263    283       20m @ 1420 ppm
            ------------------------------------------------------
             RRC339             335    380       45m @ 781 ppm
            ------------------------------------------------------
             RRC342             241    285       44m @ 1251 ppm
            ------------------------------------------------------
             RRC374             175    264       89m @ 940 ppm
            ------------------------------------------------------
             RRC379             151    207       56m @ 1079 ppm
            ------------------------------------------------------
             RRC382             128    203       75m @ 1445 ppm
            ------------------------------------------------------
             RRC385             169    184       15m @ 2079 ppm
            ------------------------------------------------------
             RRC387             135    165       30m @ 911 ppm
            ------------------------------------------------------
             Zone 3
            ------------------------------------------------------
             RRC414             294    366       72m @ 676 ppm
            ------------------------------------------------------
             Including          294    325       31m @ 589 ppm
            ------------------------------------------------------
             and                331    366       35m @ 866 ppm
            ------------------------------------------------------
    

    The broad zones of strong uranium mineralisation from Rossing South
continues to increase the known size of this massive mineralised system.
    Extract Resources Managing Director, Mr. Peter McIntyre, said "The rapid
growth of Zones 1 and 2 is now being complimented by the potential of a third
zone of mineralisation along the same Rossing South trend. The potential of
the entire 15 kilometre trend is enormous, with some degree of mineralisation
being encountered on every line drilled to date."
    "The Company intends to add further value to the project through ongoing
exploration and resource definition drilling aimed at defining the full
potential of the project. The Company is also, pushing ahead with the Rossing
South Feasibility Study on Zones 1 and 2 to get the project into production in
the shortest possible time frame."

    About Extract

    Extract Resources is an Australian-based uranium exploration and
development company whose primary focus is in the African nation of Namibia.
The Company's principal asset is its 100% owned Husab Uranium Project which
contains two known uranium deposit areas, Rossing South and Ida Dome.
Extensive exploration potential also exists for new uranium discoveries.

    Rossing South Exploration Update

    Zone 3

    One RC rig is drilling deeper holes as follow up to shallow exploration
drilling on a line 1.2 kilometres south of the Zone 2 resource. Recently
received chemical assay results have confirmed strong zones of uranium
mineralisation beneath the original line of exploration drilling (Figure 1).
The Company is confident that a second line of drilling, 400 metres to the
south, will continue to extend and increase the known dimensions of
mineralisation.
    Another RC rig is completing a line of drilling 1,200 metres south of the
Zone 3 line (Figure 1). This drilling is aimed at following up on a zone of
strongly anomalous uranium mineralisation defined by reconnaissance
exploration drilling, a further 400 metres to the south. Both lines of
drilling being completed in this area have returned some exceptional results,
as indicated by hand held spectrometer surveys of the drill samples, with
multiple mineralised zones intersected. Results returned thus far, include:
30m @ 1,240 ppm eU and 21m @ 1,466 ppm eU. These high grade intersections were
returned from pegmatitic leucogranites (alaskite) with abundant smoky quartz
and clumpy biotite.
    Typically, the eventual chemical assay grade for a sample is 2 to 3 times
the grades seen on the handheld spectrometer. Chemical assays from these holes
are expected within the next 4 weeks.

    General Exploration

    Extensive exploration potential still remains to be tested throughout the
Husab Project with priority given to Rossing South. The recently acquired
helimag data captured on a 50 metre line spacing reiterates the exploration
potential at Rossing South concealed by the Namib Desert (Figure 1). Uranium
mineralisation defined at Rossing South thus far has been intersected mainly
in the east limb of the Rossing South antiform (Figure 2). Significant
potential still remains to be tested in the west limb position, along strike
to the south and in the true Rossing position located about 2 km further west
(Figure 1 and 2).
    The smaller capacity exploration RC rig is currently off site, but will
return in about four weeks to resume reconnaissance exploration and
sterilisation drilling for mine infrastructure.

    Salem Exploration Update

    One RC rig is drilling at the Salem prospect, approximately 10km south of
Rossing South Zone 2 (Figure 1). The holes are targeting a radiometric anomaly
associated with a series of alaskite dykes that have intruded a grey granite.
Initial handheld spectrometer results on drill samples, from all the holes
completed so far at Salem, are very encouraging - with numerous zones of
uranium anomalism being returned.

    Resource Definition Update

    Four rigs are dedicated to resource drilling at Rossing South. One RC rig
is drilling infill holes on 50m spaced section lines at Zone 1, to increase
the level of confidence in the material currently classified as Inferred. One
diamond rig is drilling resource extension and definition holes at Zone 2. A
second diamond rig is drilling 6 holes at Zone 1 for geotechnical purposes.
    A third diamond rig is drilling between Zone 1 and Zone 2. From
aeromagnetic imagery and drilling data, the formations hosting the
mineralisation at Zone 1 and Zone 2 appear to have been deformed into domes
cored by Khan Formation gneiss. The rig is testing the "saddle" area between
the two domes with drilling aimed at investigating a possible link between the
Zone 1 and Zone 2 mineralisation at depth (Figure 3). A zone of uraniferous
alaskite, hosted within Rossing Formation sediments, has been intersected
supporting the validity of the geological model (Figure 3 and 4). Assay
results from this drilling will be reported when available.
    Chemical assay results and handheld spectrometer readings from Zone 1 and
Zone 2 continue to confirm the presence of broad, high grade alaskite-hosted
uranium mineralisation. Further drilling at Zone 1 and Zone 2 in the coming
months is expected to extend the known dimensions of mineralisation. Infill
drilling is expected to increase the level of confidence in the known
mineralisation and additional deep drilling is expected to show a connection
between the two zones.
    An additional RC rig has been sourced and is being mobilised to site to
accelerate infill resource definition drilling at Zone 1 and 2. Two more core
rigs have also been ordered and are expected on site next week to accelerate
resource definition and geotechnical drilling.
    A full list of recently received and previously unreported chemical assay
results is shown in Appendix 2.

    
                                 APPENDIX 1:

    To view Figures 1, 2 & 3 in Appendix 1 please see URL below:
    http://files.newswire.ca/476/Extract_Appendix_1.pdf

                                 APPENDIX 2:

                             TABLE OF NEW RESULTS

    Husab Project - Rossing South Prospect: RC and diamond drill hole assay
results. Uranium intersections greater than 0.1 kg/t (100 ppm) U3O8 over drill
hole intersection widths of not less than 2 metres down hole width:

    -------------------------------------------------------------------------
              North-  East-
                 ing    ing
                 UTM    UTM   Azi_                              Grade  Grade
    Hole_      WGS84  WGS84   True    Dip   From     To  Width  (kg/t  (lb/t
     id          33S    33S   (deg)  (deg)    (m)    (m)    (m)  U3O8)  U3O8)
    -------------------------------------------------------------------------
    RBE004   7499603 504307      0    -90    115    120      5  0.276  0.609
    -------------------------------------------------------------------------
    RBE053   7498002 506806      0    -90     15     25     10  0.127  0.280
    -------------------------------------------------------------------------
    RBE054   7498002 506906      0    -90     10     20     10  0.171  0.376
    -------------------------------------------------------------------------
    RBE056   7498003 507105      0    -90      0      5      5  0.189  0.418
    -------------------------------------------------------------------------
    RBE057   7498002 507206      0    -90     20     25      5  0.163  0.359
    -------------------------------------------------------------------------
    RDD021   7504003 506265    270    -60    309    322     13  0.325  0.716
    -------------------------------------------------------------------------
                                             332    335      3  0.530  1.167
    -------------------------------------------------------------------------
                                             340    354     14  0.670  1.478
    -------------------------------------------------------------------------
                                             362    364      2  0.205  0.452
    -------------------------------------------------------------------------
                                             376    458     82  0.519  1.144
    -------------------------------------------------------------------------
                                Including    376    402     26  0.680  1.499
    -------------------------------------------------------------------------
                                      and    411    458     47  0.521  1.148
    -------------------------------------------------------------------------
    RDD030   7505504 506154    270    -60     84    164     80  0.838  1.847
    -------------------------------------------------------------------------
                                             174    194     20  0.671  1.479
    -------------------------------------------------------------------------
                                             215    217      2  0.230  0.506
    -------------------------------------------------------------------------
                                             304    306      2  0.512  1.129
    -------------------------------------------------------------------------
                                             311    314      3  0.315  0.695
    -------------------------------------------------------------------------
    RDD031   7505503 506304    270    -60    276    307     31  0.196  0.431
    -------------------------------------------------------------------------
    RDD032   7505602 506106    270    -60    236    239      3  0.482  1.062
    -------------------------------------------------------------------------
                                             283    289      6  0.335  0.739
    -------------------------------------------------------------------------
                                             348    355      7  0.254  0.559
    -------------------------------------------------------------------------
                                             361    365      4  0.275  0.606
    -------------------------------------------------------------------------
                                             442    445      3  0.254  0.561
    -------------------------------------------------------------------------
    RDD036   7506602 506900    270    -60     58     60      2  0.147  0.325
    -------------------------------------------------------------------------
                                              67     75      8  0.536  1.182
    -------------------------------------------------------------------------
                                             216    239     23  0.603  1.330
    -------------------------------------------------------------------------
                                             250    269     19  0.405  0.893
    -------------------------------------------------------------------------
                                             287    290      3  0.116  0.255
    -------------------------------------------------------------------------
                                             336    338      2  0.541  1.193
    -------------------------------------------------------------------------
                                             351    360      9  0.187  0.412
    -------------------------------------------------------------------------
                                             412    449     37  0.603  1.330
    -------------------------------------------------------------------------
                                Including    412    427     15  0.557  1.227
    -------------------------------------------------------------------------
                                      and    434    449     15  0.922  2.032
    -------------------------------------------------------------------------
    RDD040   7506651 506856    270    -60    320    326      6  0.327  0.721
    -------------------------------------------------------------------------
                                             382    384      2  0.406  0.895
    -------------------------------------------------------------------------
                                             397    413     16  0.645  1.423
    -------------------------------------------------------------------------
                                             424    429      5  0.502  1.107
    -------------------------------------------------------------------------
    RDD041   7505303 506204    270    -60    254    299     45  1.045  2.304
    -------------------------------------------------------------------------
                                Including    254    281     27  1.605  3.537
    -------------------------------------------------------------------------
                                      and    289    299     10  0.327  0.721
    -------------------------------------------------------------------------
                                             366    370      4  0.214  0.473
    -------------------------------------------------------------------------
                                             394    399      5  0.415  0.915
    -------------------------------------------------------------------------
                                             422    425      3  0.324  0.714
    -------------------------------------------------------------------------
    RDD042   7505202 506206    270    -60    232    312     80  0.562  1.240
    -------------------------------------------------------------------------
                                Including    232    241      9  0.726  1.601
    -------------------------------------------------------------------------
                                      and    246    256     10  0.987  2.177
    -------------------------------------------------------------------------
                                      and    261    269      8  0.880  1.940
    -------------------------------------------------------------------------
                                      and    275    289     14  0.524  1.155
    -------------------------------------------------------------------------
                                      and    295    312     17  0.805  1.774
    -------------------------------------------------------------------------
                                             324    337     13  1.098  2.422
    -------------------------------------------------------------------------
                                             395    411     16  1.360  2.998
    -------------------------------------------------------------------------
                                             418    420      2  0.504  1.111
    -------------------------------------------------------------------------
    RDD043   7503702 505705    270    -60    308    311      3  0.442  0.975
    -------------------------------------------------------------------------
                                             317    324      7  0.225  0.496
    -------------------------------------------------------------------------
    RDD044   7503703 506105    270    -60    269    293     24  0.175  0.385
    -------------------------------------------------------------------------
                                             300    321     21  0.129  0.285
    -------------------------------------------------------------------------
                                             336    342      6  0.560  1.236
    -------------------------------------------------------------------------
    RDD047   7503503 506106    270    -60    356    360      4  0.784  1.729
    -------------------------------------------------------------------------
                                             367    369      2  0.183  0.403
    -------------------------------------------------------------------------
    RDD049   7505753 505786     76    -60    199    214     15  0.245  0.540
    -------------------------------------------------------------------------
                                             225    227      2  0.192  0.423
    -------------------------------------------------------------------------
                                             235    271     36  0.821  1.810
    -------------------------------------------------------------------------
    RDD058   7503303 506105    270    -60    294    318     24  0.743  1.638
    -------------------------------------------------------------------------
                                             323    331      8  0.156  0.344
    -------------------------------------------------------------------------
    RRC299   7503804 505504    270    -60    278    286      8  0.233  0.513
    -------------------------------------------------------------------------
    RRC300   7503804 505605    270    -60    234    244     10  0.601  1.325
    -------------------------------------------------------------------------
                                             254    260      6  2.193  4.834
    -------------------------------------------------------------------------
    RRC306   7503902 506106    270    -60    249    263     14  0.212  0.466
    -------------------------------------------------------------------------
                                             289    329     40  0.377  0.831
    -------------------------------------------------------------------------
                                             350    360     10  0.194  0.429
    -------------------------------------------------------------------------
                                             370    373      3  0.271  0.597
    -------------------------------------------------------------------------
                                             394    399      5  0.115  0.254
    -------------------------------------------------------------------------
    RRC309   7504104 505906    270    -60     80     85      5  0.107  0.236
    -------------------------------------------------------------------------
                                             228    231      3  0.319  0.703
    -------------------------------------------------------------------------
                                             312    328     16  0.380  0.837
    -------------------------------------------------------------------------
                                             343    355     12  0.395  0.871
    -------------------------------------------------------------------------
                                             365    368      3  0.422  0.931
    -------------------------------------------------------------------------
    RRC310   7504104 505804    270    -60    247    249      2  0.215  0.474
    -------------------------------------------------------------------------
                                             287    348     61  0.433  0.955
    -------------------------------------------------------------------------
                                Including    287    293      6  0.649  1.431
    -------------------------------------------------------------------------
                                      and    300    331     31  0.678  1.495
    -------------------------------------------------------------------------
                                      and    340    348      8  0.107  0.237
    -------------------------------------------------------------------------
                                             393    400      7  0.326  0.718
    -------------------------------------------------------------------------
    RRC314   7503204 505945    270    -60    250    278     28  0.460  1.014
    -------------------------------------------------------------------------
                                             301    314     13  0.678  1.496
    -------------------------------------------------------------------------
                                             347    349      2  0.230  0.507
    -------------------------------------------------------------------------
    RRC316   7503303 505906    270    -60     75     80      5  0.116  0.255
    -------------------------------------------------------------------------
    RRC317   7503303 506005    270    -60    210    213      3  0.143  0.315
    -------------------------------------------------------------------------
                                             230    232      2  0.253  0.558
    -------------------------------------------------------------------------
    RRC320   7503404 505906    270    -60    148    157      9  0.523  1.152
    -------------------------------------------------------------------------
                                             192    196      4  0.341  0.752
    -------------------------------------------------------------------------
                                             237    252     15  0.530  1.169
    -------------------------------------------------------------------------
    RRC321   7505202 506304    270    -60    223    236     13  0.262  0.578
    -------------------------------------------------------------------------
                                             250    253      3  0.265  0.585
    -------------------------------------------------------------------------
    RRC322   7505101 506405    270    -60    334    345     11  0.171  0.377
    -------------------------------------------------------------------------
                                             376    389     13  0.376  0.828
    -------------------------------------------------------------------------
    RRC324   7505004 506305    270    -60     50     55      5  0.152  0.334
    -------------------------------------------------------------------------
                                             189    195      6  0.126  0.278
    -------------------------------------------------------------------------
    RRC325   7506751 506756    270    -60    102    116     14  1.176  2.594
    -------------------------------------------------------------------------
                                             132    137      5  0.360  0.794
    -------------------------------------------------------------------------
                                             151    159      8  0.278  0.614
    -------------------------------------------------------------------------
                                             174    198     24  0.486  1.071
    -------------------------------------------------------------------------
                                             239    242      3  0.121  0.266
    -------------------------------------------------------------------------
                                             250    253      3  0.202  0.444
    -------------------------------------------------------------------------
                                             266    298     32  0.400  0.881
    -------------------------------------------------------------------------
                                Including    266    277     11  0.437  0.964
    -------------------------------------------------------------------------
                                      and    286    298     12  0.647  1.426
    -------------------------------------------------------------------------
    RRC327   7505003 506104    270    -60    374    400     26  0.679  1.497
    -------------------------------------------------------------------------
    RRC337   7504104 505705    270    -60    270    273      3  0.172  0.380
    -------------------------------------------------------------------------
                                             396    408     12  0.441  0.972
    -------------------------------------------------------------------------
    RRC338   7503801 506005    270    -60     70     75      5  0.221  0.488
    -------------------------------------------------------------------------
                                             187    190      3  0.104  0.229
    -------------------------------------------------------------------------
                                             197    201      4  0.221  0.487
    -------------------------------------------------------------------------
                                             249    252      3  0.179  0.395
    -------------------------------------------------------------------------
                                             263    283     20  1.420  3.131
    -------------------------------------------------------------------------
                                             307    320     13  0.117  0.257
    -------------------------------------------------------------------------
    RRC339   7503804 506104    270    -60     75     80      5  0.128  0.282
    -------------------------------------------------------------------------
                                             214    224     10  0.210  0.464
    -------------------------------------------------------------------------
                                             243    255     12  0.173  0.382
    -------------------------------------------------------------------------
                                             335    380     45  0.781  1.722
    -------------------------------------------------------------------------
                                Including    335    345     10  0.353  0.777
    -------------------------------------------------------------------------
                                      and    351    380     29  1.086  2.395
    -------------------------------------------------------------------------
    RRC341   7503804 505706    270    -60    164    167      3  0.196  0.431
    -------------------------------------------------------------------------
                                             174    191     17  0.290  0.639
    -------------------------------------------------------------------------
                                             268    270      2  0.335  0.739
    -------------------------------------------------------------------------
    RRC342   7503801 505807    270    -60    210    212      2  0.264  0.582
    -------------------------------------------------------------------------
                                             218    228     10  0.971  2.141
    -------------------------------------------------------------------------
                                             241    285     44  1.251  2.757
    -------------------------------------------------------------------------
    RRC343   7502901 505304    270    -60     95     97      2  0.137  0.303
    -------------------------------------------------------------------------
                                             118    124      6  1.095  2.413
    -------------------------------------------------------------------------
    RRC344   7502901 505404    270    -60     81     98     17  0.141  0.311
    -------------------------------------------------------------------------
                                             112    114      2  0.144  0.316
    -------------------------------------------------------------------------
                                             152    176     24  0.267  0.588
    -------------------------------------------------------------------------
    RRC345   7502903 505504    270    -60    165    168      3  0.471  1.038
    -------------------------------------------------------------------------
    RRC346   7502905 505606    270    -60     60     65      5  0.115  0.254
    -------------------------------------------------------------------------
                                              75     80      5  0.138  0.305
    -------------------------------------------------------------------------
                                             151    157      6  0.182  0.400
    -------------------------------------------------------------------------
                                             191    193      2  0.218  0.481
    -------------------------------------------------------------------------
                                             198    201      3  0.213  0.470
    -------------------------------------------------------------------------
                                             227    229      2  0.155  0.341
    -------------------------------------------------------------------------
    RRC347   7502904 505706    270    -60    154    157      3  0.551  1.214
    -------------------------------------------------------------------------
                                             212    217      5  0.102  0.225
    -------------------------------------------------------------------------
                                             238    244      6  0.296  0.652
    -------------------------------------------------------------------------
                                             267    272      5  0.108  0.239
    -------------------------------------------------------------------------
    RRC348   7503002 505306    270    -60     94    124     30  0.546  1.203
    -------------------------------------------------------------------------
                                Including     94    101      7  1.562  3.443
    -------------------------------------------------------------------------
                                      and    107    124     17  0.307  0.678
    -------------------------------------------------------------------------
                                             131    133      2  0.181  0.399
    -------------------------------------------------------------------------
    RRC349   7503002 505404    270    -60     96    109     13  0.609  1.342
    -------------------------------------------------------------------------
                                             124    137     13  0.178  0.391
    -------------------------------------------------------------------------
                                             146    148      2  0.274  0.604
    -------------------------------------------------------------------------
                                             153    164     11  0.393  0.867
    -------------------------------------------------------------------------
    RRC350   7503002 505505    270    -60    129    131      2  0.176  0.389
    -------------------------------------------------------------------------
                                             150    164     14  0.286  0.630
    -------------------------------------------------------------------------
                                             170    187     17  0.165  0.364
    -------------------------------------------------------------------------
                                             214    217      3  0.439  0.967
    -------------------------------------------------------------------------
                                             230    232      2  0.142  0.313
    -------------------------------------------------------------------------
    RRC355   7503003 505906    270    -60    268    270      2  0.129  0.284
    -------------------------------------------------------------------------
                                             289    291      2  0.187  0.413
    -------------------------------------------------------------------------
    RRC356   7503002 505805    270    -60     75     80      5  0.110  0.242
    -------------------------------------------------------------------------
                                             214    224     10  0.149  0.328
    -------------------------------------------------------------------------
                                             259    266      7  2.298  5.067
    -------------------------------------------------------------------------
                                             271    273      2  0.339  0.746
    -------------------------------------------------------------------------
    RRC357   7506203 506005    270    -60    135    145     10  0.555  1.223
    -------------------------------------------------------------------------
                                             191    195      4  0.211  0.465
    -------------------------------------------------------------------------
                                             216    228     12  0.358  0.790
    -------------------------------------------------------------------------
                                             247    253      6  0.408  0.898
    -------------------------------------------------------------------------
                                             284    302     18  0.587  1.294
    -------------------------------------------------------------------------
                                             319    328      9  0.388  0.856
    -------------------------------------------------------------------------
                                             335    342      7  0.535  1.179
    -------------------------------------------------------------------------
                                             350    353      3  1.088  2.398
    -------------------------------------------------------------------------
                                             361    372     11  0.600  1.324
    -------------------------------------------------------------------------
                                             392    396      4  1.404  3.095
    -------------------------------------------------------------------------
    RRC358   7506200 505950    270    -60     79     87      8  0.151  0.333
    -------------------------------------------------------------------------
                                              96    114     18  0.417  0.920
    -------------------------------------------------------------------------
    RRC359   7502605 505604    270    -60    184    188      4  2.232  4.922
    -------------------------------------------------------------------------
    RRC360   7502604 505506    270    -60    120    138     18  0.185  0.407
    -------------------------------------------------------------------------
                                             147    157     10  0.247  0.545
    -------------------------------------------------------------------------
    RRC361   7504204 505907    270    -60    248    250      2  0.182  0.401
    -------------------------------------------------------------------------
                                             345    356     11  1.904  4.197
    -------------------------------------------------------------------------
    RRC362   7504200 505806    270    -60    237    239      2  0.128  0.282
    -------------------------------------------------------------------------
                                             355    357      2  0.192  0.424
    -------------------------------------------------------------------------
    RRC363   7504201 505706    270    -60    297    301      4  0.259  0.571
    -------------------------------------------------------------------------
                                             334    341      7  0.449  0.989
    -------------------------------------------------------------------------
                                             350    386     36  0.371  0.817
    -------------------------------------------------------------------------
    RRC364   7504103 506005    270    -60    229    242     13  0.131  0.290
    -------------------------------------------------------------------------
                                             315    320      5  0.628  1.384
    -------------------------------------------------------------------------
                                             335    349     14  0.197  0.433
    -------------------------------------------------------------------------
    RRC365   7504102 506104    270    -60    253    257      4  0.565  1.245
    -------------------------------------------------------------------------
                                             264    295     31  0.291  0.641
    -------------------------------------------------------------------------
                                             308    310      2  0.256  0.564
    -------------------------------------------------------------------------
                                             334    338      4  0.128  0.282
    -------------------------------------------------------------------------
    RRC366   7504102 506205    270    -60    320    322      2  0.185  0.409
    -------------------------------------------------------------------------
                                             335    344      9  0.278  0.613
    -------------------------------------------------------------------------
    RRC367   7504102 506306    270    -60    307    309      2  0.137  0.301
    -------------------------------------------------------------------------
                                             336    341      5  0.140  0.308
    -------------------------------------------------------------------------
                                             379    381      2  0.577  1.271
    -------------------------------------------------------------------------
                                             394    400      6  0.198  0.437
    -------------------------------------------------------------------------
    RRC368   7502700 505700    270    -60    111    113      2  0.114  0.250
    -------------------------------------------------------------------------
                                             259    262      3  0.272  0.599
    -------------------------------------------------------------------------
    RRC370   7501600 505100    270    -60    166    168      2  0.132  0.291
    -------------------------------------------------------------------------
    RRC371   7503403 506005    270    -60    208    225     17  0.733  1.616
    -------------------------------------------------------------------------
                                             251    253      2  0.184  0.406
    -------------------------------------------------------------------------
                                             273    282      9  0.247  0.544
    -------------------------------------------------------------------------
                                             294    331     37  0.533  1.174
    -------------------------------------------------------------------------
                                Including    294    312     18  0.687  1.515
    -------------------------------------------------------------------------
                                      and    318    331     13  0.532  1.173
    -------------------------------------------------------------------------
    RRC372   7503403 506105    270    -60    255    258      3  0.171  0.377
    -------------------------------------------------------------------------
                                             326    337     11  0.849  1.872
    -------------------------------------------------------------------------
                                             367    378     11  0.269  0.593
    -------------------------------------------------------------------------
    RRC373   7503402 506205    270    -60    186    191      5  0.133  0.292
    -------------------------------------------------------------------------
                                             333    335      2  0.145  0.320
    -------------------------------------------------------------------------
    RRC374   7503104 505806    270    -60    161    165      4  0.194  0.429
    -------------------------------------------------------------------------
                                             175    264     89  0.940  2.072
    -------------------------------------------------------------------------
                                             276    280      4  0.134  0.295
    -------------------------------------------------------------------------
    RRC375   7503103 505905    270    -60    224    230      6  0.160  0.353
    -------------------------------------------------------------------------
                                             297    300      3  0.138  0.304
    -------------------------------------------------------------------------
    RRC376   7502703 505305    270    -60    119    122      3  0.402  0.885
    -------------------------------------------------------------------------
    RRC377   7502702 505405    270    -60    117    121      4  0.237  0.521
    -------------------------------------------------------------------------
                                             127    129      2  0.200  0.441
    -------------------------------------------------------------------------
                                             144    146      2  0.172  0.380
    -------------------------------------------------------------------------
    RRC378   7502703 505506    270    -60    110    141     31  0.544  1.198
    -------------------------------------------------------------------------
                                             158    175     17  0.169  0.372
    -------------------------------------------------------------------------
                                             196    205      9  0.247  0.544
    -------------------------------------------------------------------------
    RRC379   7502704 505604    270    -60    151    207     56  1.079  2.380
    -------------------------------------------------------------------------
                                Including    151    188     37  1.569  3.460
    -------------------------------------------------------------------------
                                      and    195    207     12  0.164  0.362
    -------------------------------------------------------------------------
    RRC380   7501200 505000    270    -60    289    293      4  0.305  0.672
    -------------------------------------------------------------------------
    RRC381   7503002 505602    270    -60    101    116     15  0.390  0.859
    -------------------------------------------------------------------------
                                             133    158     25  0.374  0.824
    -------------------------------------------------------------------------
                                             174    180      6  0.149  0.328
    -------------------------------------------------------------------------
    RRC382   7503003 505704    270    -60    128    203     75  1.445  3.186
    -------------------------------------------------------------------------
                                             231    234      3  0.114  0.251
    -------------------------------------------------------------------------
    RRC383   7503104 505308    270    -60    116    124      8  0.740  1.631
    -------------------------------------------------------------------------
                                             141    145      4  0.483  1.065
    -------------------------------------------------------------------------
                                             227    229      2  0.153  0.337
    -------------------------------------------------------------------------
    RRC384   7503103 505404    270    -60     85    112     27  0.686  1.513
    -------------------------------------------------------------------------
                                Including     85     98     13  1.253  2.763
    -------------------------------------------------------------------------
                                      and    104    112      8  0.251  0.552
    -------------------------------------------------------------------------
                                             132    135      3  0.140  0.308
    -------------------------------------------------------------------------
    RRC385   7503101 505504    270    -60    125    133      8  0.155  0.342
    -------------------------------------------------------------------------
                                             169    184     15  2.079  4.582
    -------------------------------------------------------------------------
                                             236    238      2  0.174  0.383
    -------------------------------------------------------------------------
                                             247    249      2  0.160  0.352
    -------------------------------------------------------------------------
    RRC386   7503103 505605    270    -60    125    157     32  0.309  0.680
    -------------------------------------------------------------------------
                                             166    169      3  0.270  0.596
    -------------------------------------------------------------------------
                                             182    203     21  0.125  0.275
    -------------------------------------------------------------------------
                                             208    216      8  0.149  0.328
    -------------------------------------------------------------------------
    RRC387   7503105 505706    270    -60    135    165     30  0.911  2.008
    -------------------------------------------------------------------------
                                             188    208     20  0.270  0.596
    -------------------------------------------------------------------------
                                             216    219      3  0.311  0.686
    -------------------------------------------------------------------------
    RRC388   7502507 505305    270    -60    140    143      3  0.193  0.426
    -------------------------------------------------------------------------
    RRC389   7502506 505405    270    -60     90    100     10  0.186  0.411
    -------------------------------------------------------------------------
                                             131    133      2  0.139  0.307
    -------------------------------------------------------------------------
    RRC391   7502604 505405    270    -60    117    121      4  0.147  0.323
    -------------------------------------------------------------------------
                                             154    163      9  0.136  0.300
    -------------------------------------------------------------------------
    RRC393   7504100 506400    270    -60    344    352      8  0.114  0.251
    -------------------------------------------------------------------------
                                             364    380     16  0.167  0.368
    -------------------------------------------------------------------------
    RRC394   7506000 506000    270    -60    135    146     11  1.230  2.711
    -------------------------------------------------------------------------
                                             172    177      5  0.778  1.716
    -------------------------------------------------------------------------
                                             182    187      5  0.277  0.612
    -------------------------------------------------------------------------
                                             273    283     10  2.269  5.003
    -------------------------------------------------------------------------
    RRC395   7506100 505950    270    -60     51     55      4  0.169  0.373
    -------------------------------------------------------------------------
                                              72     87     15  0.329  0.725
    -------------------------------------------------------------------------
                                             104    107      3  0.217  0.478
    -------------------------------------------------------------------------
                                             121    149     28  0.370  0.817
    -------------------------------------------------------------------------
                                             198    201      3  0.183  0.403
    -------------------------------------------------------------------------
                                             222    224      2  0.130  0.287
    -------------------------------------------------------------------------
    RRC396   7506100 506000    270    -60    132    175     43  0.470  1.037
    -------------------------------------------------------------------------
                                             188    278     90  0.796  1.755
    -------------------------------------------------------------------------
    RRC401   7505750 506050    270    -60    115    118      3  0.120  0.265
    -------------------------------------------------------------------------
                                             123    146     23  0.181  0.400
    -------------------------------------------------------------------------
    RRC402   7505750 506150    270    -60     69     74      5  0.747  1.647
    -------------------------------------------------------------------------
                                              85    117     32  0.686  1.512
    -------------------------------------------------------------------------
                                             126    133      7  0.162  0.358
    -------------------------------------------------------------------------
                                             148    158     10  0.349  0.769
    -------------------------------------------------------------------------
                                             208    210      2  0.175  0.385
    -------------------------------------------------------------------------
    RRC403   7505750 506250    270    -60     67     79     12  0.150  0.330
    -------------------------------------------------------------------------
                                              91     99      8  0.303  0.669
    -------------------------------------------------------------------------
                                             120    122      2  0.235  0.517
    -------------------------------------------------------------------------
                                             149    151      2  0.928  2.047
    -------------------------------------------------------------------------
                                             251    253      2  0.227  0.500
    -------------------------------------------------------------------------
    RRC404   7505850 506200    270    -60     82     95     13  0.152  0.335
    -------------------------------------------------------------------------
                                             102    106      4  1.342  2.959
    -------------------------------------------------------------------------
                                             119    143     24  0.384  0.847
    -------------------------------------------------------------------------
                                             160    163      3  0.132  0.290
    -------------------------------------------------------------------------
    RRC405   7505850 506300    270    -60     67     71      4  0.123  0.271
    -------------------------------------------------------------------------
                                              77     85      8  0.167  0.368
    -------------------------------------------------------------------------
                                             116    127     11  0.169  0.372
    -------------------------------------------------------------------------
                                             138    141      3  0.181  0.399
    -------------------------------------------------------------------------
                                             151    161     10  0.162  0.358
    -------------------------------------------------------------------------
                                             177    179      2  0.220  0.484
    -------------------------------------------------------------------------
                                             210    214      4  0.458  1.010
    -------------------------------------------------------------------------
                                             241    243      2  0.265  0.585
    -------------------------------------------------------------------------
                                             273    289     16  0.171  0.377
    -------------------------------------------------------------------------
    RRC412   7501200 505200    270    -60    260    266      6  0.188  0.414
    -------------------------------------------------------------------------
                                             274    281      7  0.195  0.430
    -------------------------------------------------------------------------
                                             349    352      3  0.245  0.539
    -------------------------------------------------------------------------
    RRC414   7501200 505400    270    -60    134    137      3  0.121  0.266
    -------------------------------------------------------------------------
                                             261    271     10  0.296  0.652
    -------------------------------------------------------------------------
                                             294    366     72  0.676  1.490
    -------------------------------------------------------------------------
                                Including    294    325     31  0.589  1.299
    -------------------------------------------------------------------------
                                      and    331    366     35  0.866  1.910
    -------------------------------------------------------------------------

    Notes:
    -   RBE series drill holes are from first pass vertical reconnaissance
        exploration drilling; RRC series drill holes are angled resource
        definition drill holes; and RDD series drill holes are angled
        resource definition diamond drill holes.
    -   Analyses on RC chips and 1/2 NQ drill core by Genalysis Laboratory
        Services, Perth. Uranium assays were carried out by Four Acid
        Digest/MS (AT/MS).
    -   Metal values (U) have been converted to oxide values (U3O8) using
        a factor of 1.179, and expressed as kg/t U3O8. Note that 100 ppm
        U3O8 is equivalent to 0.1 kg/t U3O8, which is 0.01% U3O8.
    -   Assays expressed as kg/t U3O8 have been converted to lb/tonne by
        multiplying by 2.2046.
    -   Intersection widths are estimated to be approximately true width.
    

    The information in this report that relates to Exploration Results,
Mineral Resources or Ore Reserves is based on information compiled or reviewed
by Mr Martin Spivey, who is a Member of The Australasian Institute of Mining
and Metallurgy and Mr Andrew Penkethman who is a Member of the Australian
Institute of Geoscientists. Mr Spivey and Mr Penkethman are both full time
employees of the Company. Mr Spivey and Mr Penkethman have sufficient
experience which is relevant to the style of mineralisation and type of
deposit under consideration and to the activity which they are undertaking to
qualify as a Competent Person as defined in the 2004 Edition of the
'Australasian Code for Reporting of Exploration Results, Mineral Resources and
Ore Reserves'. Mr Spivey and Mr Penkethman consent to the inclusion in this
report of the matters based on their information in the form and context in
which it appears.
    Reference to hand held spectrometer results refers to use of a Company
owned Exploranium, GR-135 Plus or Terraplus RS-125, hand held spectrometer.
The uranium values are recorded by placing the unit on the bulk RC sample bags
or individual trays of drill core and expressed as parts per million (ppm) eU
which is equivalent to ppm U. Results from these units provide an indication
of uranium mineralisation; they may also be affected by uranium mobility and
disequilibrium. These factors should be considered when interpreting eU
information whilst waiting for confirmation chemical assay results.





For further information:

For further information: Peter McIntyre, Managing Director; Richard
Henning, Investor Relations, rhenning@extractresources.com

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