The Anniversary Breccia Prospect is located on EL10382 where RUM is earning 100% uranium rights from Crocodile Gold Australia Pty Ltd (formerly GBS Gold). Anniversary Breccia is located 10km North West of Tom’s Gully Gold Mine.

A large low grade intersection of 53m at 250 ppm U308 from 45-98m depth includes an interval of 26m at 339 ppm U308 and 2557 ppm Cu in hole MBRC018. In the northern part of the prospect a manganiferous ironstone unit with low grade copper, cobalt and nickel up to 32m thick cuts off the roll front uranium system and is still open along strike to the north east. The prospect lies on the eastern limb of a synclinal structure of the Koolpin Formation at the unconformable contact with Wildman Siltstone. Further assay results are awaited for another three holes with low grade mineralization up to 40m in thickness anticipated in one of the holes (MBRC007). Results are from a thirteen hole, 1780m RC drill program completed in June. Mineralization is open down dip and along strike.

Whilst these results are encouraging, the company is particularly encouraged about drilling a number of nearby VTEM conductors (the nearest is 100m away) which may contain higher grade sulphide mineralization or prospective graphitic horizons. A follow up drill program to further infill the redox front prospect and investigate the VTEM anomalies is planned to commence in August. RUM is currently negotiating with Crocodile Gold Australia Pty Ltd the terms of a Joint Venture Agreement over all mineral rights excluding gold in addition to the existing uranium agreement over the 15 exploration licenses which form the Mount Bundy-Tom’s Gully tenement package.

Results from the Uranium-Copper Roll Front Zone

MBRC010

5mat 1.12% Cu and 571 ppm U308from 109-114m (including 1m at 3.87% Cu and 1769 ppm U308).

3m at 1333 ppm Cu and 867 ppm Ni from 69-72m. 17m at 3296 ppm Cu and 575 ppm Ni from 92-109m (including 7m at 1250 ppm Ni).

6m at 1933 ppm Cu and 158 ppm Ni from 114-120m.

MBRC018

53m at 250 ppm U308 from 45-98m using a cut off of 100ppm U308 (Maximum internal dilution 3m).

including:

26m at 339 ppm U308, 2557 ppm Cu, 186 ppm Ni from 72-98m. Max internal dilution 2m.

Also 8m at 4900 ppm Cu and 68 ppm U308 from 98-106m.

2m at 241 ppm U308 from 106-108m.

MBRC007

18.25m at 149 ppm eU308% from 50-68.25m (from gamma logging).

Uranium expected from 50-90m, plus copper when assay results are received.

MBRC015

1m at 118 ppm U308 from 125-126m.

4m at 1063 ppm Cu from 133-137m.

MBRC016

3m at 163 ppm U308 from 63-68m.

16m at 1191 ppm Cu from 44-60m.

8m at 1012 ppm Cu from 82-90m.

MBRC017

9m at 3422 ppm Cu from 62-71m.

9m at 2867 ppm Cu from 111-120m.

MBRC009

1m at 1700 ppm Cu and 950 ppm Ni from 130-131m. Results from the Copper-Cobalt-Nickel Zone

MBRC011

32m at 1287 ppm Cu, 162 ppm Co, 331 ppm Ni, 1.1% Mn and 31.2% Fe from 20-52m.

24m at 1103 ppm Cu, 85 ppm Co, 352 ppm Ni, 0.46% Mn and 36.2% Fe from 68-92m.

MBRC012

4m at 1650 ppm Cu, 267 ppm Co, 470 ppm Ni, 1.67% Mn and 30% Fe from 20-24m.

18m at 737 ppm Cu, 298 ppm Co, 660 ppm Ni, 9.15% Mn and 37.3% Fe from 73-91m.

MBRC013

20m at 2135 ppm Cu, 407 ppm Co, 626 ppm Ni, 3.4% Mn and 42 % Fe from 47-67m.