Corporate Strategy
UraniumSA is an Adelaide-based uranium-only explorer specialising in sediment-hosted and unconformity styles of uranium mineralisation within a substantial portfolio of properties in South Australia’s Gawler Craton. The Company achieved ASX listing on 16th October 2006 with the collaborative assistance of Stellar Resources Limited and Marathon Resources Limited. The premise of the collaborative parties is that UraniumSA is a uranium-focused explorer with an independent Board operating independently of its major shareholders. Under the superintendence of its Board, the Company has maintained a tight focus on its objectives as stated in the Prospectus, established corporate and operating procedures that have given outstanding results, and delivered to budget and within timeframe.

To manage risk and optimize potential for success, UraniumSA operates only within the single regulatory regime of South Australia and explores within the Gawler Craton geological province. The Company exploration focus is entirely on uranium, particularly sediment hosted styles.

Exploration Strategy
The UraniumSA exploration strategy is to build conceptual models of mineralization from publicly available information to support purpose-designed surveys, and then systematically test the resulting targets and any identified mineralisation. To enable continuous drilling of its prospects, and to maintain the quality of its data collection, UraniumSA has its own exploration plant and crews. The Company owns a Mayhew 1000 rotary mud drill rig and ancillary water truck, service truck, backhoe and down-hole logging truck. This plant is operated by our own staff and gives us control of the numerous variables that influence the quality, reliability and reproducibility of the data generated.

In its first year, UraniumSA has demonstrated that it is a capable and cost-effective organization able to deliver continuous exploration results and discover uranium mineralization.

The Mullaquana discovery of sediment hosted uranium puts the Company well on track to achieve its IPO two-year time horizon objective of having “a portfolio of projects with positive exploration results, drill indicated resources of uranium mineralisation, and real possibilities for mine development”.