Brzkov

Intensive exploration at Brzkov included 67 diamond drill holes for 22,112 metres, 132 trenches for 11,076 metres, 67 shallow shafts for 520 metres, and 33 underground diamond drill holes for 5,891 metres. An exploration shaft was sunk to 5 Level, and trial mining 1988-90 from 5 Level of an unknown tonnage produced 77 tonnes U3O8.  Uranium price at this time was about US$10/lb.

Veznice

Detailed drilling to define the Veznice deposit included 63 diamond drill-holes for 17,597 metres, 86 trenches for 9,863 metres, and 52 shallow shafts. The main structure has been explored over a length of about 1,500 metre.

Polna

Exploration at Polna comsisted of 42 diamond drill-holes for 13,717 metres, 58 trenches  for 5,588 metres, and 36 shallow shafts totalling 305 metres. The area was tested by small open pits and a bulk sample of unkown grade produced 13.2 tonnes U3O8. The deposit consists of lenticular bodies of variable grade and width over a strike length of 325 metres.

Brzkov Trial Mining

Six other prospects were identified within this area over a strike length of 1,900 metres. Structural mapping, some drilling, trenching and small trial open pit mining was carried out.

Following rejection of the applications for exploration permits, replacement applications were lodged for Veznice, Jamne and Polna through Uran’s wholly-owned Czech subsidiary company Urania Mining s.r.o. No replacement was lodged for Brzkov because the appeal over this has not yet been rejected.

LIBEREC DISTRICT

Two applications for exploration permits were lodged in January 2008 in the Liberec District in northern Czech Republic. The Osecna-Kotel and Plouznice applications cover uranium deposits previously identified by Czech state uranium mining body Diamo, in the area of known uranium deposits south of Straz pod Ralskem where Diamo has a uranium processing plant which is currently on care and maintenance.

Uranium mineralization is developed in sandy sedi­ments of the basal part of the Cretaceous formation, which lie within a fault-bounded block overlying crystalline basement. The sedimentary complex is up to 230 metres thick. Mineralisation is predominantly in extensive fairly flat-lying lenses 0.5 – 4.5 metres thick within coarse fluvial and lacustrine sandstones.

Previously both ISL and conventional uranium mining in similar deposits in the area have been carried out, with grades reported to be in the range 0.04 – 0.12% U3O8. Mr Jiri Jez, the President of Diamo, has recently stated that in excess of 120,000 tonnes of U3O8 occurs within deposits in this area.

Osecna application covers 9.81km2 between the towns of Osecna and Kotel. Diamo has recently applied for a Mining Reserve to be declared over Osecna. This is not a mineral tenement but a reserve designed to preserve mineral deposits for possible future exploitation by restricting development of new buildings.

Previous detailed exploration indicated the existence of large areas of uranium mineralisation in shallow flat-lying sedimentary strata within the area of the application.

Plouznice application covers 11.91 km2 to the west of Osecna. Previous exploration was not as detailed as that for Osecna, but disclosed the existence of uranium mineralisation in this area, which was not further explored due to the existence of a military airport and high-security area. A Mining Reserve has been declared over this deposit.

Rozna Uranium Mine

Uran is interested in participating in mining of the Rozna uranium mine, the only operating underground uranium mine in Europe.

Czech Republic has a well educated population of around 10.2 million people and a well-developed infrastructure.  The country's strategic location in Europe, low-cost structure, and skilled work force has attracted strong inflows of foreign direct investment.

The Czech Republic, as we know it today, existed as an independent country since January 1, 1993, with an economy originally founded on mining of the nation’s rich silver, gold, base metals, and later, coal and uranium.

The Czechs lost their national independence to the Hapsburgs Empire in 1620 at the Battle of White Mountain and for the next 300 years were ruled by the Austro-Hungarian Empire. With the collapse of the Empire at the end of World War I (October 28,1918) the independent country of Czechoslovakia was formed.

Following World War II and the end of German occupation approximately 2.9 million ethnic Germans were expelled from Czechoslovakia with Allied approval. The Communist Party seized power in February 1948.

In 1968, an invasion by Warsaw Pact troops ended the efforts of the country's leaders to liberalize Communist party rule and create "socialism with a human face." Anti-Soviet demonstrations the following year ushered in a period of harsh repression. With the collapse of Soviet authority in 1989, Czechoslovakia regained its freedom through a peaceful "Velvet Revolution.

A coalition government, in which the Communist Party had a minority of ministerial positions, was formed in December 1989. The first free elections in Czechoslovakia since 1946 took place in June 1990 without incident and with more than 95% of the population voting.

On 1 January 1993, the country underwent a "velvet divorce" into its two national components, the Czech Republic and Slovakia. The Czech Republic joined NATO in 1999 and the European Union (EU) on May 1, 2004.