Southern Uranium Limited is an ASX-listed (Code: SNU), mineral resources exploration company focussed on copper, gold and uranium.

Southern Uranium is seizing the opportunity to apply new ideas, techniques and tactics to explore extensions to pedigree mineral belts within its Australian tenements covering over 10,000km2.

Established resources and recent discoveries within our selected belts demonstrate the potential for more discoveries.

Since listing on the ASX in 2007, Southern Uranium has built a small but experienced team and a portfolio of highly prospective exploration projects throughout Australia. During 2008 and 2009, aerial and ground surveys defined and evaluated targets, enabling the prioritisation of projects.

We are now focussed on exploring for iron oxide, copper, gold and uranium ("IOCGU" or Olympic Dam style) deposits in the southern Gawler Craton of South Australia; unconformity style uranium deposits in the Northern Territory and volcanic hosted uranium deposits in north Queensland.

Three key projects, East Eyre Peninsula, Calvert Hills and Pandanus West were selected for drilling in the 2010 financial year with the added benefit of an operating environment offering improved drill availability and lower costs.

A fourth key project was added in June 2009 with the grant of the highly prospective Ridgeback tenement in South Australia with potential for more Hillside style discoveries on northern Yorke Peninsula. Yorke Peninsula has emerged as one of Australia's newest exploration destinations.

The withdrawal of Southern Gold Limited as a major shareholder late 2009 enabled Southern Uranium to diversify to other commodities. Starting with the iron ore potential at Jungle Dam within the East Eyre Peninsula Project area and the Vanadis vanadium prospect at Calvert Hills where high vanadium grades are indicated in extensive and undrilled outcrops.

Southern Uranium is entering an exciting phase as we prepare to drill at four key projects - Ridgeback for copper gold uranium on northern Yorke Peninsula, Jungle Dam for iron ore on Eyre Peninsula, multiple copper gold silver and uranium targets also on Eyre Peninsula and the Vanadis vanadium prospect in the Northern Territory.