Partners

Western Metals Limited is a multi resource exploration company listed on the Australian Stock Exchange (ASX:WMT). The Company recently unveiled a new strategic direction with the appointment of a new board and management team who have significant experience and expertise in geology, prospect generation, field operations, and resource markets.

Western Metals acquires high value and quality prospects covering the resources spectrum from greenfield exploration to advanced development projects. To date the Company has a broad portfolio of multi resource projects throughout Africa, South America, Australia and USA. Projects include a Ag, Pb-Zn, Au, U exploration project in West Georgetown Australia in conjunction with Joint Venture partner BHP Billiton; a Tin development project in Tasmania - Zeehan; a uranium project with joint venture partners Lynx1 based in Colorado, USA; and a copper - gold play in Peru in conjunction with a private Peruvian entity.

Additionally Uranium Resources and Western Metals have entered into a Joint Venture agreement for Uranium Resources 100% owned Tanzanian Prospecting Licences (Mtonya, Ruhuhu and Ruvuma projects). The Company has offered a farm-in agreement to Western Metals, whereby Western Metals will earn a 40% interest in Uranium Resources Tanzanian licences through the expenditure of AUD 2 million on the licences and Uranium Resources has free carry. Western Metals must spend a minimum of AUD 500,000 within 12 months of the completion of the transaction and will be the operator of the joint venture. Western Metals may increase its ownership to 60% through the expenditure of a further AUD 2 million on the licences.

For further information please visit www.westernmetals.com.au