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South Australia - SA Explorers

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Mount Gee – Uranium<br />

Marathon Resources<br />

Mount Gee<br />

Hard-rock uranium deposit - Paralana Mineral System<br />

Resource of 42. Mt at 0.063% U 3 O 8 for ~31 200 t U 3 O 8 (300ppm cut-off)<br />

Down-hole gamma logging results<br />

RC07MN041 – 36m – 43m for 7m @ 0.10% e U 3 O 8<br />

RC07MN041 – 52m – 60m for 8m @ 0.10% e U 3 O 8<br />

RC07MN051 – 119m – 140 m for 21m @ 0.07% U 3 O 8<br />

RC07MN057 – 23m – 39m for 16m @ 0.10% e U 3 O 8<br />

including 30m – 37m for 7m @ 0.14% e U 3 O 8<br />

Proposed mining method - underground<br />

September 2007

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