Brinkley Mining - Projects South Africa

Overview

Brinkley Mining continues to hold its 49% interest in Western Uranium (Pty) Ltd, which has as its only asset, the Waterval prospect in the Karoo region of South Africa ("Waterval"). Exploration work completed to date has shown that the Waterval project contains a small Uranium resource whose grade and limited tonnage are insufficient to support the establishment of a stand-alone operation to exploit it. Accordingly, the Board has decided to spend no further monies on developing this project and is looking at ways to dispose of its interest in the project.