Kalgoorlie-Boulder Resources

Previous Director was Julian Fletcher Grill (former Labor Minister for Mines) who resigned as a director on 4 Feb 2005. According to ASIC (16 June 2005) Mr Grill is one of four primary shareholders with 100 shares each. According to KBR in a letter dated 14 April 2005 to the Australian Stock Exchange, Mr Grill holds 1,125,133 of the 13,563,444 public shares. (It should be noted that the public shares constitute only 41.3% of the total shares issued.)

Kalgoorlie Boulder Resources is a newly listed mining company (April 20 2005, after raising $3.2 million) initially established as a gold miner but already entering into agreement to earn a stake in the Lyndon project northeast of Carnarvon, WA, along with three other tenements prospective for uranium.

"Watching the political scene and seeing how things develop on that front, there seems to be a lot of discussion going on and a lot of support for a change in the uranium mining policy, which is one of the reasons why we decided it would be a good thing for the company to acquire at this stage," Managing Director Trevor Matthews said.

In addition to Lyndon, KBR has made priority applications for three exploration licenses in the Gascoyne mineral field. Two of these, the Eudamullah and Winmar Creek tenements, have been subject to reconnaissance-style uranium exploration dating back to the late 1970's. The company has an initial 50% interest in the projects, but can increase its stake to 95% through the funding of further exploration.

Eudamullah E09/1224 and E09/1225 in the Upper Gascoyne Shire, both applied for 03/06/05

Winmar Creek E09/1226 also adjacent in the Upper Gascoyne Shire, applied for 03/06/05

Lyndon E09/1180 not far away in the Carnarvon Shire, applied for 14/10/04

Updated August 2005

Company Information

48 Lake Street Northbridge
WA 6003

Directors

Mr Trevor Matthews (Managing Director)
Mr David Prentice (Non Exec. Director)
Mr Ken Allen (Non Exec. Director)