Resource Table

Etango Project Mineral Resource Estimate
October 2010

By deposit reported at a cut-off grade of 100ppm U3O8

	Measured Resources				Indicated Resources				Measured & Indicated Resources				Inferred Resources
Deposit	Tonnes	Grade	Contained U3O8		Tonnes	Grade	Contained U3O8		Tonnes	Grade	Contained U3O8		Tonnes	Grade	Contained U3O8
	(Mt)	(ppm U3O8)	(Tonnes)	(Mlbs)	(Mt)	(ppm U3O8)	(Tonnes)	(Mlbs)	(Mt)	(ppm U3O8)	(Tonnes)	(Mlbs)	(Mt)	(ppm U3O8)	(Tonnes)	(Mlbs)
Etango	62.7	205	12,900	28.3	273.5	200	54,600	120.4	336.2	201	67,500	148.7	45.7	202	9,200	20.3
Ondjamba	-	-	-	-	-	-	-	-	-	-	-	-	85.1	166	14,200	31.3
Hyena	-	-	-	-	-	-	-	-	-	-	-	-	33.6	166	5,600	12.3
Total	62.7	205	12,900	28.3	273.5	200	54,600	120.4	336.2	201	67,500	148.7	164.6	176	29,000	63.9

Note: Figures may not add due to rounding; Ordinary Kriged estimate based upon 3m cut composites; bulk density of 2.64t/m3; and panel dimensions of 25mNS by 25mEW by 10mRL.

Total estimate reported at a range of cut-off grades

	Measured Resources				Indicated Resources				Measured & Indicated Resources				Inferred Resources
Cut-off Grade	Tonnes	Grade	Contained U3O8		Tonnes	Grade	Contained U3O8		Tonnes	Grade	Contained U3O8		Tonnes	Grade	Contained U3O8
(ppm U3O8)	(Mt)	(ppm U3O8)	(Tonnes)	(Mlbs)	(Mt)	(ppm U3O8)	(Tonnes)	(Mlbs)	(Mt)	(ppm U3O8)	(Tonnes)	(Mlbs)	(Mt)	(ppm U3O8)	(Tonnes)	(Mlbs)
100	62.7	205	12,900	28.3	273.5	200	54,600	120.4	336.2	201	67,500	148.7	164.6	176	29,000	63.9
125	56.6	215	12,200	26.8	238.6	212	50,700	111.7	295.2	213	62,900	138.5	143.9	185	26,600	58.6
150	47.5	230	10,900	24.0	193.7	230	44,500	98.1	241.2	230	55,400	122.1	106.1	201	21,400	47.1

Note: Figures may not add due to rounding; Ordinary Kriged estimate based upon 3m cut composites; bulk density of 2.64t/m3; and panel dimensions of 25mNS by 25mEW by 10mRL.

The information in this table relating to the Mineral Resources of the Etango Project is based on a resource estimate completed by Mr Neil Inwood, and the information in this report relating to the Mineral Resources of the Ondjamba and Hyena deposits is based on a resource estimate completed by Mr Neil Inwood and Mr Steve Le Brun. Both Mr Inwood and Mr Le Brun are full time employees of Coffey Mining Pty Ltd. Each of Messrs. Inwood and Le Brun are Members of The Australasian Institute of Mining and Metallurgy and have sufficient experience relevant to the style of mineralisation and types of deposits under consideration and to the activity which is being undertaken to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”, and are independent consultants to Bannerman and Qualified Persons as defined by Canadian National Instrument 43-101. Messrs. Inwood and Le Brun consent to the inclusion in this report of the matters based on their information in the form and context in which it appears.