Development has commenced at the Company's wholly owned and permitted Norasa uranium project located in the mining friendly and politically stable country of Namibia, Africa. The Valencia deposit is situated approximately 80km from the coastal town of Swakopmund. It is located 35 km along strike to the world class Rössing Uranium Mine which has been in production for over 30 years and 50 km north of the Langer Heinrich Uranium Mine. What sets Norasa's Valencia mine apart from many other uranium exploration and development projects, is that it is fully permitted including all environmental approvals. In August 2008, the Namibian government issued a 25 year Mining Licence for the mine.