HISTORY

The Northern Territory has a long history of uranium production and discovery of world-class ore bodies.

The Company's approach to exploration is based on the known geological and geophysical characteristics of major uranium deposits like Ranger, Jabiluka and Rum Jungle and sedimentary-style deposits such as Angela.

A history of gold mining at Tennant Creek with associate uranium occurrences has lifted the chances of finding an Olympic Dam style I.O.C.G.U. deposit in this area.

Potential also exists for the presence of economic precious and base metal deposits associated with uranium mineralisation.