This National Instrument 43-101 ("NI 43-101") Technical Report describes the Mineral Resource and Reserve estimation and economic analyses to a pre-feasibility level for the Norasa Uranium Project ("Norasa"), located in the central coastal Erongo Region of Namibia (Figure 1.1). Norasa consists of the Valencia (Mining Licence, ML 149) ("Valencia") and Namibplaas (Exclusive Prospecting Licence, EPL 3638) ("Namibplaas") Uranium Projects. Valencia is held by Valencia Uranium (Pty) Ltd while Namibplaas is held by Dunefield Mining Company (Pty) Ltd. Both of these Namibian companies are wholly owned subsidiaries of Forsys Metals Corp, a Toronto listed company.