Dome 5, Mundi Plains and Junction Dam

UXA has signed an option agreement with Teck Australia Pty Ltd (Teck), a wholly owned subsidiary of the major Canadian mining company Teck Resources Limited, to advance exploration at Mundi Plains (NSW), Junction Dam (SA) and adjacent tenements for zinc-lead-silver and copper-gold deposits.

The agreement underlines UXA Resources Limited strategy of moving away from early stage exploration projects and acquiring advanced assets offering drill ready targets. Historical Teck data at the Mundi Plains target Dome 5 provide the potential for a significant new base metal discovery with exciting prospects for developing an economic deposit.

The Dome 5 zinc discovery at Mundi Plains lies approximately 50km North West of Broken Hill in New South Wales and was made by Teck in joint venture with PlatSearch NL in 2007. The discovery was of Mississippi Valley Type or "MVT” zinc-lead-silver mineralisation in a flat lying zone within limestone at approximately 320m depth. The mineralisation lies close to the base of the Adelaidean sedimentary sequences where they on-lap onto an older granite dome ("Dome 5”). All of the 5 holes drilled within a one square kilometre area encountered sphalerite-galena mineralisation, with two very high grade mineralised intersections (Table 1).



Table 1. Significant drill intersections by Teck at Dome 5, Mundi Plains, NSW See Figure 1 for drill hole locations

In addition to the discovery of MVT mineralisation in the Adeladian sequences, Broken Hill style mineralisation was also discovered in the older Willyama Supergroup rocks of Dome 5 at some depth (> 900m). There is also untested potential to discover a Kalkaroo style copper gold deposit with a number of un-tested airborne magnetic anomalies on the tenements, very similar to that at Havilah Resources Ltd’s Kalkaroo deposit (62.5Mt @ 0.52% Cu, 0.48 g/t Au) located about 30km to the west of the Junction Dam tenement.

UXA Resources Limited Exploration Program

UXA Resources Limited immediate focus will be to follow up the very encouraging mineralised drill intersections at Dome 5 with further drilling. UXA Resources Limited will also conduct an extensive review of all of the exploration previously conducted on the tenements which includes historical discoveries of Broken Hill style zinc-lead-silver mineralisation at Polygnum (EL6404) in NSW and the potential to test airborne magnetic anomalies and ground gravity anomalies for Cu-Au mineralisation and other domes for Adelaidean hosted MVT style zinc-lead-silver mineralisation, similar to the Dome 5 discovery.