Geochemical sampling is in progress on other several uranium targets identified at Seabrook.

26 Mile Rock

Geochemical sampling is currently in progress to assess a 5km-long radiometric

anomaly situated on a salt lake margin.

Iron Ore

JUBUK (Magnetic Resources 100%)

Following ground magnetic surveys and geological mapping and sampling, drilling of the Jubuk magnetite project near Corrigin is anticipated to commence in December/January once cropping of this farmland area is completed. Modelling of ground magnetic data has refined the drill targets south of the outcropping coarse grained banded iron formation and indicates that the target iron formation extends for at least another kilometre south of the outcrop area below cover.

A high resolution aeromagnetic survey is about to commence in the next week covering an area of 650sq km over additional targets surrounding Jubuk, as indicated from existing wide-spaced historical aeromagnetic data. The aeromagnetic survey will be targeting further occurrences of the coarse grained, recrystallised banded iron formation evident at Jubuk.

Dampling Spring And Harris (Magnetic Resources 100%)

Access agreements covering the main target areas have been signed. Modelling of ground magnetic data over the target aeromagnetic anomalies has commenced, in order to define drilling targets in these soil covered areas. The target area at Dampling Spring is some 6km in length while at Harris the zone of interest extends over a strike length of about 4.5km.