In particular with regards to an alkaline heap leach option, the company has proceeded with a review of its original scoping study in order to extract maximum shareholder value from the project.

Some of the options considered include:

As a stand-alone operation.

Operating on a third-party toll milling basis with one of the other emerging uranium producers in the Wiluna district.

Pursue the consolidation of smaller regional resources into a combined operation in order to achieve significant economies of scale across the various projects.

Outright sale of the project, via a range of potential arrangements.

As mentioned previously, the company expects to complete some sampling for bulk density and metallurgical characterisation in the coming month, to be followed by some further drilling early in 2009.