Energy Metals Limited - LAKESIDE (EME 100%)

The Lakeside project is located in the Murchison district 20 km west of Cue and comprises exploration licence E 21/120 (area 75 km²) which was granted late January 2006. This project was acquired to follow up previously discovered carnotite mineralisation hosted by valley calcretes associated with major saline drainages.

First pass aircore drilling completed in 2007 (holes 200m apart on 1 km spaced traverses) confirmed the presence of uranium mineralisation in calcrete and calcareous clays with most traverses recording anomalous intercepts. Geochemical assays from the limited number of infill aircore holes, drilled in the December 2008 quarter, were received during the period with weakly anomalous results from a number of holes.

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