The Luano Valley Project comprises two licence areas, Lunsemfwa and Bulonga, and is part of the Exploration Agreement with Albidon Limited. The two areas cover part of two Albidon Prospecting Licences (Bulonga covers part of PLLS.246 Kamoto, and Lunsemfwa covers part of PLLS.247 Lunsemfwa), and have a combined area of 6,970 sq km covering Karoo sediments (Figure 8).
Based on previous exploration one significant radiometric anomaly has been identified at the Myvuwe River prospect. This has been evaluated for its uranium potential through a detailed airborne radiometric survey. Results from this have confirmed this anomaly and identified an additional area of uranium anomalism (Figure 9). These will be evaluated by field mapping and, if warranted, reconnaissance drill testing in 2007.
In addition to the uranium potential, coal bearing horizons up to 60-120m thick have been noted in the Luano Valley, suggesting good CBM potential in the region. A program to evaluate this potential will be implemented in 2007.