A1 Minerals Announce Acquisition of Potential Uranium Bearing Tenements

Sydney, Nov 15, 2005 (ABN Newswire) - A1 Minerals Limited (ASX: AAM) are pleased to announce the acquisition of additional tenements within the Narnoo region, expanding the Project to over 2,000 square kilometres with multi-element potential.

The newly acquired tenements adjoin potential uranium occurrences and abut the Kakarook Mineral Sands Deposit. Additionally, targets for gold, nickel, copper and diamonds have been revealed from an independent consultant's review of the Project.

Narnoo is owned 100% by A1 and is located approximately 250 kilometres east of Kalgoorlie and 30 kilometres southeast of the Minigwal and Lightfoot playa lake systems. The tenements overlap the southern limits of the Archaean Jasper Hills Greenstone Belt and sedimentary rocks of the Officer Basin, which is partly underlain by the Proterozoic Albany-Frazer Tectonic Province.

MINERAL SANDS
Additionally, two of A1's new Narnoo tenements, ELA 28/1595 and 28/1596, straddle potential Eocene and Miocene shorelines in the northwest Eucla Basin and abut tenements covering the Kakarook Mineral Sands deposit (Kakarook). Best result reported from Kakarook by previous explorers is 8 metres @ 2.3% heavy minerals with luecoxenated ilmenite and zircon as prominent constituents.

URANIUM
The recently extended Narnoo Project adjoins tenements covering three uranium occurrences; Ambassador, Shogun and Emperor (collectively called the Mulga Rock Uranium Deposit). Originally delineated by the Japanese Government's Power Reactor and Nuclear Fuel Development Corporation during the 1980s, Mulga Rock has a published resource of 10.8Mt @ 0.12% uranium (Mulga Rock Uranium and Multi-element Deposits, Officer Basin, WA G B Douglas, C R M Butt and D J Gray, CSIRO Land and Water, CRC LEME 2003).

The newly acquired A1 tenements have the potential to host sandstone "roll-front", lignite and surficial calcrete style uranium deposits. These tenements are also in the vicinity of Paladin Resources' Ponton Project and abut Deep Yellow's Ponton North Project and Crescent Gold's Ethel Hill Uranium Project.