Redport Ltd

On 26 April 2005 Redport Ltd finalised an agreement which gave it a major stake in an established uranium project, which they claimed transformed Redport into a ‘uranium producer'.

Redport's largest uranium purchase, Lake Maitland, is a joint venture with Fox Resources. Redport has a 30% interest now but is entitled to earn up to an 80% stake by spending $1.6 million on exploration in the next four years. The company recently raised $2 million to fund exploration at Lake Maitland, the most promising of the three sites, the other two being Mundong Well and Angelo River. These projects are being promoted as the main WA targets, although the company also holds ground in the Gawler Craton region of South Australia. Redport was previously known as Minotaur Gold, which separated from the former Adelaide-based Minotaur Resources in 2000.

Lake Maitland (105km S-E of Wiluna). At the time of writing the tenements appear to be held by Fox Resources on E 53/1099. Under the previous proposal by Acclaim and Aztec, Lake Maitland was to be developed as a processing hub for smaller scale deposits in the region. Applied for 11/08/03 Granted 22/06/05

Mundong Well (175km south of Onslow). Also currently held by Fox Resources on E08/1452, applied for 07/05/04

Angelo River (70km south-east of Paraburdoo), in the vicinity of Aldershot's Turee Creek target. Currently under tenements held by Simmax and Giralia (E 52/1513).

Updated August 2005

Company Information

Level 1, 8 Windmill Street,
MILLERS POINT,
NSW, AUSTRALIA, 2000

http://www.redport.com

Directors
Mr Richard Homsany (Non Exec. Chairman)
Mr Wolfgang Sicklinger (Non Exec. Director)
Mr Robert Grover (Non Exec. Director)

Listed 28 November, 1995