Forte Energy NL – Quarterly Report March 2009

Forte Energy NL – Quarterly Report March 2009

Quarterly Report March 2009

Uranium Exploration – Mauritania

  • Geophysical ground surveys undertaken at Bir En Nar and at several locations near Bir Moghrein – further work to be carried out this Quarter.
  • 6,000m diamond drilling programme aimed at delineating initial JORC-code compliant uranium resource planned to commence in July 2009.

Uranium Exploration – Guinea

  • Resource drilling programme completed along a 2.5 km section of a 5km long uranium anomaly at the Firawa prospect.
  • Calculation of initial JORC-code compliant resource estimate for Firawa uranium prospect is expected shortly after delays in assay samples.

Republic of Mauritania, West Africa
During the Quarter ended 31 March 2009, geophysical ground surveys were carried out at Bir En Nar and at several locations near Bir Moghrein in Mauritania, West Africa.

The drilling programme has been developed in consultation with technical specialists from the French-based multinational industrial and nuclear energy company, Areva NC (previously Cogema). Forte Energy has a co-operation agreement with Areva in relation to its Mauritania exploration projects (see below). Results from this drilling should enable an initial JORC-code compliant uranium resource to be established for Bir En Nar later this year.

Republic of Guinea, West Africa
Forte Energy has three uranium exploration projects in Guinea, with exploration licences covering 3,563km2. A predominantly in-fill programme of diamond core drilling was completed at the Firawa prospect in January 2009, aimed at enabling an initial JORC-code compliant uranium resource to be delineated.

In the course of drilling, highly encouraging results based on handheld scintillometer readings from core samples were observed in some areas where no mineralisation was previously indicated. This resulted in a decision to significantly extend the programme by undertaking over 1,800m of additional drilling, for a total of around 5,850m. The Company is still awaiting final assay results, mainly due to the expansion of the original drilling programme, and expects that the initial uranium resource for the Firawa prospect will be available shortly.

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