Brinkley Mining - DRC Projects

Overview

Since the Democratic Republic of Congo’s (“DRC”) cessation from Belgium in the 1960’s, the country has gone through an extended period of political and social unrest. However free and fair elections in 2006 elected President Kabila which signalled an end to the transitional government and the foundation of a new government which was announced in late February 2007 and sworn in during March 2007. Brinkley Mining believes that with an established government and its substantial mineral wealth, the DRC represents an excellent opportunity for the development of natural resources. However as with all emerging economies, political risk needs to be identified, mitigated and managed which the Company is actively focussing on.

Exploration

Before the 1960’s the DRC was a leading minerals producer. Since then, however, the country has been left comparatively under-developed after its former colonial ruler, Belgium, ceded independence. In the past few years the DRC has once again become a major focus for diamonds, base metals and gold, however uranium exploration has lagged behind. Much exploration has centered on the comparatively well-known mineral provinces of the Katangan Copperbelt, and the Twangiza-Namoya, and Kilo-Moto goldfields. The country and its resources are markedly under-explored and are not mature in terms of its mineral wealth’s exploration and exploitation.

Uranium and copper mineralisation occur in the Katanga Province in an approximately 300 kilometre long belt called the Lufilian arc. The uranium mineralisation occurs in two major forms. The first is an association with copper, cobalt and nickel in sedimentary type deposits commonly known as “Ore Shale”. The second is a typical vein hosted deposit; in the past it has been this type of deposit that has produced the most significant amount of uranium.

To date Brinkley Mining’s 70% owned subsidiary, Brinkley Africa Ltd (“Brinkley Africa”), has identified five areas in Katanga over which licenses are being applied for, however there is no assurance at this stage that these applications will be successful. Two of the areas have historical uranium resources. Once these have been granted an extensive exploration programme will commence, including airborne geophysical surveys, trenching and drilling.

Border Security Control

In addition to the development of resource assets in the DRC, Brinkley Africa has entered into an agreement with Le Commissariat General a L'Energie Atomique (“CGEA”) to implement the appropriate security measures at key border control points to prevent the illicit export of radioactive material. Revenue from this venture will be generated from the certification of the export materials.