31 January 2007
NORTHERN
URANIUM ACTIVITIES REPORT FOR DECEMBER QUARTER 2007
Northern
Uranium Limited (ASX: NTU) exploring for world class, high grade uranium
deposits in Western Australia and the Northern Territory, supported technically,
via strategic alliance, by the French nuclear group Areva NC, operator of the
Company’s 10,000 square kilometers flagship Gardiner-Tanami Super
Project.
Operational
Highlights
Gardiner-Tanami
Super Project (10,190 km2 of
tenements in WA & NT – Figure 1)
Areva the operator through its exploration arm Afmex -
targeting the exceptionally highgrade, unconformity-related uranium deposit
type, such as found in the Athabasca
Basin,
Canada and the Alligator Rivers region, Northern Territory, Australia:
• ��� During the December 2007 Quarter all data from Areva’s
extensive 2007 geophysical surveys over granted tenements in the
Gardiner-Tanami project area were received and are currently being processed
and interpreted by Areva;
• ��� Targets are being defined for follow up field work expected to
lead to drilling mid-2008;
• ��� Eight recently granted tenements in the project area added 1,440
km� of prospective ground for exploration in the 2008 field season.
Kurundi
Project (1,597 km2 in NT - Figures 2 & 3)
Northern Uranium the operator – exploring the
extensions of the historic Munadgee uranium mine:
• ��� Drilling of 30 holes for 2,132m completed at Munadgee prospect –
geochemical assays currently awaited;
• ��� Anomalous down hole gamma radiation an indicator of mineralisation
in some holes;
• ��� Follow-up drilling to commence in June quarter 2008, with the
principal focus on the immediate Munadgee mine area.
Corporate
• ��� Executive Chairman Kevin Schultz relinquished his Polaris Metals
management role to give full time focus to achieving Northern Uranium’s
objectives. He gained his uranium credentials in the 1970s when he was the
director of operations in the Northern
Territory for the Australian Atomic Energy Commission’s
Uranium Branch exploration division, and he has a 35 years track record of
success in mineral exploration.
• ��� Cash in bank at the end of the December 2007 Quarter was $5.8
million.
Operational
Highlights (continued)
Lake Barlee Project (227 km2 in WA)
• ��� Reconnaissance aircore drilling scheduled for current (March 2008)
quarter.
Wallal
project (350 km2 in WA)
• ��� Airborne EM survey completed, targeting roll-front uranium
deposits (60% of project area covered) – initial review of data indicates
priority areas for drill testing in 2008.
To view the full Report visit www.northernuranium.com.au
INVESTOR
INFORMATION
Principal
Office:
Level 2, 123A Colin Street
West Perth WA 6005
PO Box 669
West Perth WA 6872
Tel: 08 94812344
Fax: 08 94813031
Email: info@northernuranium.com.au
Web: www.northernuranium.com.au
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