Reedy Lagoon Corporation has increased its portfolio of uranium targets following its application for two new Exploration Licences in central Western Australia, covering approximately 560 km².

The 'Isabella' project covers 350 km2 and is the result of a review of base metal exploration conducted in the region by previous explorers principally in the late 1990s. Substantial geophysical data, including airborne magnetic, radiometric and EM surveys are available for the project area and will be used to assist in developing RLC's uranium targets. RLC's exploration is targeting deformation structures, including folding, faulting and shearing, which may have provided conduits and/or trap sites for uranium mineralization precipitating from circulating mineralising fluids within or adjacent to carbonaceous sediments. The company believes the geology may be analogous to that of the Rum Jungle Mineral Field in the Northern Territory, where several uranium deposits occur at similar junctions of structures and carbonaceous stratigraphy.

The 'Winning Hill' project covers 211 km² and is the result of a review of uranium exploration conducted principally in the early 1980's. This earlier work included drill testing a target beneath surface uranium anomalism where a major oblique fault juxtaposes younger rocks with Gascoyne Complex basement. Uranium mineralisation was identified in a weathered zone but RLC believes the target was not adequately tested. Anomalous uranium mineralisation can be associated with carbonaceous or graphitic material where faulting cuts an unconformity between younger strata and older basement rocks. RLC's interpretation of the previous work suggests such targets may exist at Winning Hill and initial exploration will target sites of intersection between faulting and specific carbonaceous strata.