Level 2, 45 Richardson Street PO Box 568
West Perth WA 6005 West Perth WA 6872
Tel: +61 8 9481 2433 Fax: +61 8 9322 5907 Website: www.halcyongroup.com.au
Monday 05 February 2007
Ref: 606/132
Company Announcements Office
Australian Stock Exchange Limited
Level 4 Exchange Centre
20 Bridge Street
Sydney NSW 2000
COMMENCEMENT OF LAKE MARMION URANIUM SAMPLING PROGRAM
The Directors of Halcyon Group Ltd (ASX: HCY) are very pleased to announce that the Company has
begun sampling the surface uranium radiometric anomalies on the tenure applied for to date on the Lake
Marmion Uranium Project (located ~130kms north of Kalgoorlie in Western Australia). The first four sites
have been scanned with a scintillometer, with the most radioactive areas sampled by hand auger
with results expected shortly.
In addition, the company has also increased the size of its 100% owned Lake Marmion Uranium Project
by a further 37% to a total of 343km2 through the application for tenements EL31/751 & 752, and
PL31/1769 to 1771.
The four sample sites (see attached map) where selected on the basis of the highest uranium radiometric
anomalies taken during previous aeromagnetic surveys over the tenure. Each sample site was scanned
with a scintillometer (a scientific instrument used to measure radioactivity) and readings of up to 600 total
counts per second (cps) were generated at one of the sites. These readings are positive indicators for
near surface uranium mineralisation.
The new tenure on the eastern side of the project is highly prospective for palaeochannel/sedimentary
type uranium deposits (eg, Mulga Rocks -10.8 Million Tonnes @ 1,400ppm U3O8) and uranium in
surficial (near surface) deposits hosted in calcrete (eg, Yeelirrie deposit -35 Million tonnes @ 1,500ppm
U3O8) and/or lake sediments.
The sampling program will continue on the Lake Marmion Uranium Project over the coming months until
the tenure is granted and drilling is ready to test the areas with the best potential for discovering both the
near surface and the palaeochannel/sedimentary type uranium mineralisation.
Kind regards
HALCYON GROUP LIMITED
Andrew Radonjic
MANAGING DIRECTOR
Tel: +61 8 9481 2433
The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Andrew Radonjic,
Managing Director of Halcyon Group, who is a member of The Australasian Institute of Mining and Metallurgy included in a list promulgated by the ASX from time
to time.
Mr Radonjic has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is
undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources
and Ore Reserves’. Mr Radonjic consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
HCY
halcyon group ltd
