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About EMA

Energy and Minerals Australia Limited's ('EMA') primary focus is the development of its uranium deposits known as the Mulga Rock Deposits ('MRD') which are located 250km east-northeast of the major mining centre of Kalgoorlie in Western Australia. The MRD consist of three deposits - Ambassador, Emperor and Shogun.

The MRD were identified in the 1980s by the Japanese Government owned uranium exploration company, PNC Exploration. EMA has now established an initial JORC Code compliant uranium resource estimate of 24,250 tonnes of U3O8 using available data from previous explorers.

In addition to uranium the MRD holds promise for a diverse range of base metals including nickel and cobalt, which EMA also intends to quantify for future development plans.

EMA's target is to develop into a uranium producer by 2013. The intial JORC Code compliant resource estimate highlights the Ambassador deposit as the ideal grade first mine target.

Subject to appropriate funding EMA now plans to:

  • initiate an open pit scoping study that will initially focus on Ambassador, with a target production rate of 1,000 tonnes of U3O8 per year;
  • undertake metallurgical studies on the Ambassador deposit to complement the Company’s appreciation of historical work;
  • infill drill the high grade mineralisation of the Ambassador deposit to improve resource classification and increase base metal information;
  • extension drill within the known mineralisation at Ambassador that is presently outside the resource estimate boundary (includes deeper zones). This activity has been approved by the Department of Industry and Resources.
  • continue drill programmes at Emperor and Shogun to achieve expansion of the Resource. The first drill programme for this activity has been approved by the Department of Industry and Resources.

EMA has a management and an exploration team which has significant experience in the exploration, permitting and development of uranium and other resource deposits. The Directors believe that collectively this experience will allow EMA to aggressively pursue its exploration and development strategies.