🕐03.12.10 - 01:27 Uhr

Ram Resources - Positive Drilling Results from Motzfeldt Project



Ram Resources Limited ASX Announcement 3 December 2010 POSITIVE DRILLING RESULTS FROM MOTZFELDT PROJECT Highlights High grade REE intercepts include 25m @ 5,031 ppm Total Rare Earth Oxides ("TREO") and 20m@ 4,852 ppm TREO Evidence of a new REE mineralised zone -- distinct from the Ta-Nb mineralised zone TREO composition is typically 85% Light Rare Earth Oxides and 5% Heavy Rare Earth Oxides and 10% Y2O3 High grade Niobium-Tantalum results include 40m @2,499 ppm Nb205 and 195 ppm Ta205 A number of distinct high-grade Ta-Nb and REE lenses of mineable width have been interpreted which contain potentially economic mineralisation Ram Resources Limited (ASX: RMR) ("Ram" or "the Company") is pleased to present results from the drilling program conducted at the Aries Prospect in September 2010.
Please click here for the full announcement: http://www.stocknessmonster.com/news-item?S=RMR&E=ASX&N=518851 For further information please contact: Mike Drew Managing Director +61 417 969 995
David Tasker / James Harris Professional Public Relations +618 9388 0944
Competent Person Statement The information in this announcement relating to exploration results is based on information reviewed by Martin Pittuck of SRK Consulting (UK) Ltd who is a Member of the Institute of Materials, Minerals and Mining.

Mr Pittuck has sufficient relevant exploration and resource estimation experience in the style of mineralisation and type of deposit under consideration to qualify as a Competent Person as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.

Mr Pittuck consents to the form, presentation and context of exploration results and supporting information in this report. Forward Looking Statements & Disclaimer This document contains certain statements, which may constitute "forward --looking statements".

Such statements are only predictions and are subject to inherent risks and uncertainties which could cause actual values, results, performance achievements to differ materially from those expressed, implied or projected in any forward-looking statements. Exploration targets set out in this document are conceptual in nature as there is currently insufficient information to define a Mineral Resource and it is uncertain if further exploration will result in the determination of a Mineral Resource and potential quantity and grade is conceptual in nature. It should be noted that there currently exists a ban on the exploitation of radioactive minerals in Greenland, including where those radioactive minerals would only be mined as a by-product of other minerals (as is the case at Motzfeldt).

This policy is currently the subject of political debate and a period of public consultation in Greenland, which the Company sees as a positive step forward towards a possible change in policy.

In many respects, the situation in Greenland with respect to the mining of uranium is similar to that which exists in some states in Australia and was until recently the case in Western Australia, where the situation has changed as result of evolving community attitudes and a change in government.
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