Dominion Uranium Mine

Construction of the Dominion uranium mining project near Klerksdorp, including a uranium plant. Aflease board approved the development and construction of the Dominion uranium mine near Klerksdorp. The board has also approved a five-year exploration programme and the expenditure of $2.16m to complete a bankable feasibility study. Completion of this document is expected by April 2006. Substantial infrastructure exists at the mine. Initial work will involve de-mothballing and upgrading of existing infrastructure. The capital cost to complete phase 1 of the Dominion project is estimated to be about 25% more than the 2006 feasibility study estimate of $180 million.