were in luckgoals for 09 were pretty much the same for 2010, can't wait to see what our goals are for 2011
2009 Goals and Objectives
Management has established a number of goals for 2009.
• Initiating an NI 43-101 report on IBI’s uranium lands;8
• Advanced groundwork on all uranium properties;
• Add contiguous properties to the Mubende block, based on identified anomalies
from geophysical radiometric interpretation; four additional properties have been
identified
• Continue study for proposed private/ public partnership Nuclear Energy Program
for Uganda, and submit strategy outline to H.E. Yoweri Museveni, President of
Uganda;
• Develop a close working relationship with Venus Capital regarding JV;
• Complete Induced Polarization and Resistivity study over mining lease of Grey
Crown;
• Complete ground sampling and geochemical analysis over all Grey Crown
properties;
• Official launch and promotion of success of artisinal cooperative program;
• Drill identified sulphide domal structures on Grey Crown mining lease;
Management believes all of the above comprise an achievable agenda for the coming
year. The Company’s excellent working relationships with the Government of Uganda
and its Department of Geological Survey and Mines will undoubtedly continue to prove
most helpful as IBI advances its mission.
The Company realizes that, in many respects, progress had been slow, which has largely
been the product of a humble cash position. The Rio Tinto purchase of our vermiculite
mine (and with the payment of US$2,400,000 on closing in March 2008 and a further
US$1,000,000 received on March 27, 2009) and IBI’s equity position with Grey Crown
have provided funds to undertake some of the objectives outlined above.