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West Australian Metals is an ASX-listed company whose principal asset is the 80% owned Marenica Uranium Project located in the uranium rich Damara Province in Namibia. (Trading symbol: (ASX:WME).

The Company's principal asset is the Marenica Uranium Project located in the uranium rich Damara Province in Namibia. The project covers 706sq km, with high prospectivity for both secondary and primary uranium deposits.

Based on historical and new data the Company has delineated a uranium resource containing 34 million pounds of U308 within Exclusive Prospecting License (EPL) 3287 which covers 706 sq km. The project lies in the same uranium province as the Rossing and Langer Heinrich uranium mines and immediately north of the large Trekkopje Mine which is currently being developed by Areva.

Marenica Project, Namibia

• Inferred Mineral Resource containing 34 Mlbs U3O8 in 111 million tonnes averaging 140 ppm at a cut-off grade of 80 ppm U3O8
  
• 94% of resource less than 40m deep
  
• HQ diamond drilling to commence shortly to test several key locations around the Marenica Dome for “alaskite” – hosted primary uranium
  

The regional geology of this area consists of basin and dome tectonic features, where massive marbles of the Karibib Formation form three prominent domal structures, while steeply dipping biotite schists (Kuiseb Formation) form the basins similar to that of the Rossing Mine. Potential to find a hard rock deposit is therefore encouraging. The recent discovery of uraninite bearing alaskites on the Marenica Project further enhances the hard rock potential of the area.

• Three styles of mineralisation have been delineated by SRK, namely:
  
  - a primary source, minerals identified are uraninite and euxenite;
  - an oxidised source in bedrock (secondary), major mineral present is carnotite; and
  - calcrete-hosted uranium mineralisation, major mineral present is carnotite

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