cheap as chips, page-6

UXA are awaiting results for Dome 5, Mundi Plains, NSW from the assay office (zinc/lead/silver deposits). Further results will only be made available after notification to Teck Resources and in accordance with the ASX and TSX exchanges. The reason for delay in results of drilling outage hole DF10- results from DF11 - DF15 will follow. DF15 is the most interesting being drilled in a different area of the Dome 5.
Further drilling at ajacent areas for iron oxide, copper, gold.

Remember, UXA Resources is not just a drilling exploration company. The main assets are Geoscience Wireline Australia and USA. Book value is around $8.5 million.

UXA retain $1.6 million for exploration costs for surveying and drilling their 51% JV arrangement with RIL Australia Limited. Nabarlek is the most interesting being near Uranium eqities find - only a couple of stones throw away, literally.

UXA have an arrangement with Straights Resources over 7 years where $10 million is being spent to gain a 70% interest. UXA have an interest and a right to buy further into any find. There are no costs payable by UXA Resources.

UXA have interests in The Canning Basin, WA, for Uranium and thermal coal. They have 5 tenements hosting sandstone uranium.

UXA are awaiting drilling results at their uranium and rare earths interests at Yambla for uranium and rare earths.