Summit Resources

Isa Uranium Joint Venture

The Isa Uranium Joint Venture (IUJV) covers ground containing the Valhalla, Odin and Skal uranium deposits 40km north of Mount Isa in Queensland. Participants in the Joint Venture are Summit Resources (Aust) Pty Ltd (SRA) and Mount Isa Uranium Pty Ltd (MIU), each holding a 50% interest with SRA managing the joint venture.

MIU is a subsidiary of Paladin Energy Ltd. (“Paladin”). Ground subject to the IUJV covers 17km2 at Valhalla and 10km2 at Skal. These two areas lie within a much larger holding of tenements covering approximately 935km2 held 100% by SRA.