Forte Energy NL Drilling to Commence in Mauritania
10 April 2013 - 4:00PM
UK Regulatory
TIDMFTE
Drilling to Commence in Mauritania
Forte Energy NL
ACN 009 087 852
10th April 2013
Drilling to commence in highly prospective areas in Mauritania
Forte Energy NL ("Forte Energy" or "the Company") (ASX/AIM: FTE) is an emerging international uranium
company focused on the exploration and development of a portfolio of uranium assets in the Republics of
Mauritania and Guinea, West Africa.
The Company is pleased to announce that a contract has been signed with Wallis Drilling Africa Pty Ltd
for approximately 5,000m of NQ Aircore drilling in the highly prospective areas close to the A238
prospect and at Hassi Baida. Drilling is scheduled to start in Mid-May, following the shipment of the
drill rig to Mauritania.
To view Figure 1: Mauritanian Licences, please open the following link in a new window:
http://media3.marketwire.com/docs/forte_0410_fig_1.pdf.
Hasi Baida is a highly prospective calcrete area situated approximately 50km north-east of the existing
Forte Energy licences and covers over 800km2. The drilling programme will target eight separate prospects
within the Hasi Baida licence. The targets are all uranium in superficial calcrete deposits.
The 5,000m programme will also include aircore scout drilling which will target blind, near surface
metasomatite style uranium mineralisation along interpreted major structural corridors close to the A238
Prospect.
Commenting on the update, Mark Reilly, Managing Director of Forte Energy, said:
"The additional drilling of the calcrete as well as the metasomatite style deposits in close proximity to
our existing resources is consistent with our stated strategy of proving up a number of economically
viable deposits within our licence areas in Mauritania. Forte remains committed to being at the forefront
of Mauritania's uranium mining industry and looks forward to commencing the drilling campaign within the
next month."
Mark Reilly
Managing Director
For further information contact:
Mark Reilly Geoff Nash/Ben Thompson
Managing Director Elizabeth Johnson (broking)
Forte Energy NL finnCap
Tel: +44 (0) 203 3849555 Tel: +44 (0)207 220 0500
Bobby Morse/Cornelia Browne Stuart Laing
Louise Hadcocks RFC Ambrian Ltd
Buchanan (AIM Nominated Adviser to the Company)
Tel: +44 (0) 207 466 5000 Tel: +61 (0) 8 9480 2506
Forte Energy NL
Australia United Kingdom
Suite 3, Level 3 3C Princes House
1292 Hay Street 38 Jermyn Street
West Perth WA 6005 London SW1Y6DN
Ph: +61 (0)8 9322 4071 Ph: +44 (0)203 3847474
Fax: +61 (0)8 9322 4073 Fax: +44 (0)207 2878387
Email: info@forteenergy.com.au Email: info@forteenergy.co.uk
Web: www.forteenergy.com.au
About Forte Energy
Forte Energy is an Australian-based minerals company focused on the exploration and development of
uranium and associated bi-products in Mauritania and Guinea in West Africa. The Company has an extensive
pipeline of assets and total JORC resources of 76.8Mt @ 266ppm U3O8for 44.9Mlbs contained U3O8 (100ppm
cut-off).
Its flagship assets are the A238 prospect (23.4Mlbs U3O8) and the Bir En Nar project (2.06Mlbs U3O8) in
Mauritania, and the Firawa Project in Guinea (19.5Mlb U3O8).
Forte Energy U3O8 JORC resources (all at a 100ppm cut-off):
=-----------------------------------------------------------------------------------------------------
Project Resource Category M tonnes ppm U3O8 Contained U3O8 Mlbs
=-----------------------------------------------------------------------------------------------------
A238* Inferred 45.2 235 23.4
=-----------------------------------------------------------------------------------------------------
Bir En Nar Indicated 0.5 886 1.0
----------------------------------------------------------------------------------
Inferred 0.8 575 1.0
=-----------------------------------------------------------------------------------------------------
Firawa Inferred 30.3 295 19.5
=-----------------------------------------------------------------------------------------------------
Total Indicated 0.5 886 1.0
----------------------------------------------------------------------------------
Inferred 76.3 262 43.9
----------------------------------------------------------------------------------
Total 76.8 266 44.9
=-----------------------------------------------------------------------------------------------------
* A238NW Anomaly included in the A238 Inferred Resources
Forte Energy's strategy is to target high grade uranium ore bodies and build a low cost West African-
focused uranium producer. The Company is quoted on the Australian Stock Exchange (ASX: FTE) and AIM
market of the London Stock Exchange (AIM: FTE). For more information, visit www.forteenergy.com.au.
Note:
The information in this report that relates to the reporting of Mineral Resources is based on information
compiled by Mr. Galen White, who is a Fellow of the Australasian Institute of Mining and Metallurgy
(FAusIMM). Mr White is the Principal Geologist of CSA Global (UK) Ltd. CSA Global have an on-going role
as geological consultants to Forte Energy NL. Mr. White 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 2012 Edition of the 'Australasian Code for
Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr. White consents to the
inclusion in this report of the matters based on his information in the form and context in which it
appears.
Forte Energy NL
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