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South Australia - SA Explorers

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Honeymoon – Uranium<br />

Uranium One<br />

Honeymoon<br />

• Current mineral resource ~ 1.2 Mt at an average grade of 0.24% containing 2 900t<br />

(6.5 Mlb) U 3 O 8 for annual production of 400t (880 000 lb) U 3 O 8<br />

• Project well into final approvals phase<br />

• Construction of in situ leach uranium mine (est. capital cost $53 m) progressing with<br />

a new design using pulse columns being finalised<br />

• Production scheduled for 2 nd quarter 2008<br />

September 2007

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