07 September 2012
The Manager
Company Announcements Office
Australian Securities Exchange
20 Bridge Street
SYDNEY NSW 2000

ASX ANNOUNCEMENT 30 hole drill program commenced at Nabarlek uranium project, Northern Territory

UXA Resources Limited (ASX: UXA) is pleased to announce that it has commenced a 30 hole,
3,000m RC percussion drilling program at Nabarlek North in the Northern Territory.
Nabarlek is UXA's most advanced uranium prospect. The project is a joint venture between UXA (51%) and RIL Australia Pty Ltd ("RILA", 49%), a subsidiary of Reliance Industries Limited, a Fortune Global 500 company and India's largest company by market value.
The program will focus on three target areas for high value unconformity style uranium mineralisation, and is expected to be completed by late September with results to follow.
During the 2011 field season, UXA conducted a first phase RC percussion drilling program along three lines in the south east corner of the Nabarlek North tenement (Figure 1) targeting the potential strike length extension of the U40 uranium prospect. This drilling returned strongly anomalous results from gamma logging in 5 of the holes up to 1.3m @ 460ppm U3O8.
The company has also completed a radon sampling and soil geochemical program spanning the south and south eastern sections of the Nabarlek North tenement. This survey identified three target areas for follow up including further drilling on the target north of U40. These targets have been further refined by field work in the current (2012) field season which has included outcrop mapping, and detailed soil and spectrometer ground surveys.
UXA's Nabarlek North and Nabarlek West licences (EL 24564, 24868 and 28245) cover 221km² and are highly prospective for unconformity style uranium deposits and share similar geological features with the former high grade Nabarlek open cut mine (located 7km south) and the operating Ranger uranium mine in the Northern Territory. Additionally, Nabarlek North lies 280 metres immediately north of a recent high grade mineralisation discovery (U40 area) which reported uranium intercepts up to 6.80m @ 6.71% U3O 1.

1 UEL ASX Release 16 December 2010



43a Fullarton Road Kent Town SA 5067 Australia T: +61 8 8363 7970 F: +61 8 8363 7963 E: info@uxa.com.au W: www.uxa.com.au

Figure 1, 2012 drill targets at Nabarlek North

For further information, contact. Russell Penney Managing Director.

Tel: +61 8 8363 7970

Email: info@uxa.com.au

Website: www.uxa.com.au

Technical Information in this report is based on information compiled by Dr Russell Penney who is employed by UXA Resources Limited and who is a Fellow of The Australasian Institute of Mining and Metallurgy. Dr Penney has sufficient exploration experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking 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 ("JORC

2004"). Dr Penney consents to the inclusion in this release of the matters based on his information in the form and context in which it appears.

ABOUT UXA RESOURCES

UXA Resources Limited (ASX:UXA) is a diversified explorer with a pipeline of highly prospective tenements throughout Australia, all located within world class mining provinces and near existing infrastructure. UXA also owns GAA Wireline an independently managed borehole wireline logging company operating in Australia and the United States of America.

The company has a three-pronged strategy to deliver growth and increase shareholder value, via:

1. Development of its flagship assets, Mundi Plains zinc-lead-silver project in NSW and SA and the Nabarlek uranium project in NT;

2. Retained exposure to advanced exploration projects via strategic joint ventures; and

3. Expanding markets for its 100%-owned GAA Wireline borehole logging business, which has exclusive global rights to the increasingly utilised PFN technology

As a testament to the quality of UXA's exploration portfolio, the company has attracted several highly regarded strategic partners from among the world's most renowned and prominent resources companies, including Reliance Industries of India, and Teck Resources of Canada, as well as ASX- listed Straits Resources. These partners provide additional capital, scope and expertise to accelerate UXA's major exploration programs.

More information on UXA can be found on our website at www.uxa.com.au

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