Summit Resources

Resources Status

The total JORC Mineral Resources under Summit’s management in the Mount Isa region now includes 104.6Mlb U3O8 Measured and Indicated Mineral Resources and 37.5Mlb U3O8 Inferred Mineral Resources. Of this, 57.8Mlb U3O8 Measured and Indicated Mineral Resources, as well as 26.5Mlb U3O8 Inferred Mineral Resources, are attributable to Summit. 53.7% of the Mineral Resources are located at Valhalla; the rest are distributed over the Bikini, Skal, Odin, Andersons, Mirrioola, Watta and Warwai deposits. Details are as follows: – individual Mineral Resource figures, conforming to the JORC guidelines, are quoted on 100% of project basis.

Summit Mineral Resources as at 30 September 2013

(Figures in the table above may not add due to rounding)