Reedy Lagoon Corporation has applied for additional ground ("Genoa" application) adjacent to its Isabella project application lodged in early October.

Strong uranium shows within the Isabella project area and strongly anomalous uranium reported in sediments from drainage shedding northwards from the Isabella project area suggest potential for economic uranium mineralisation in surface sediments on Genoa.

The anomalous uranium mineralisation is reported in open file company reports accessed via the WAMEX database. Selected results are shown in the figure below.

In the event that the Company is granted a tenement pursuant to its Genoa application, exploration will include assessment of the economic potential of the uranium mineralisation within sediments associated with surface drainage. Tenement applications in WA can take 6 – 8 months to process although initiatives by the new government and the reduction in exploration activity may hasten the process.

Genoa project exploration licence application area abutting part of RLC’s Isabella project tenement application (E70/1702) in the Ashburton region of WA. Selected exploration data sourced from WAMEX data base.