Company Information for Eleckra Mines Ltd

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Company Statement

Eleckra Mines Limited ("Eleckra, Company") was listed on the ASX on 4 July 2006.

Summary

• Control of under explored greenstone belt in WA Yilgarn Province
• Large strategic tenement position totalling approx 3,600km2
• Tenements prospective for Au, U, PGE, Ni-Cu, Cr, Fe
• Eleckra owns sections of the Thatcher Soak Uranium deposit 
• Eleckra holds 2,000km2 of tenements prospective for Uranium
• Gold resources total 749,000 oz (13.1 mt at 1.78 g/t Au)
• Uranium resource total 6.2 million pounds of U3O8 (16.1 mt at 174 ppm U3O8)
• Significant leverage to gold price

Eleckra's Assets Comprise

Yamarna Project Area:

• Pastoral lease covering 1,438km2
• Contains resources for both gold and uranium
• ~3,600km2 total tenement area

Gold Resource:

• Measured, Indicated and Inferred Mineral Resource of 749,000 oz gold (13.1 mt at 1.78g/t)
• 17km strike length
• Recent drilling has extended mineralisation at depth and along strike
  Golden Sands Project:
• Recently granted 1,500km2 of exploration tenements
• 65 km strike length
• Between Yamarna and Anglogold/Indepenence's 5 million ounc
• Tropicana gold deposit

Uranium Targets & Resource:

• Calcrete paleochannel, uranium targets totalling 2,000km2
• Maiden Thatcher Soak uranium resource announced 15 September 2008 of 6.2 million pounds U3O8 (16.1 mt at 174 ppm)

Current Operations

Eleckra has exploration projects in Western Australia.

The Yamarna Project in the Eastern Goldfields, with an approximate area of 3,600km2 is prospective for gold, uranium, iron, chromium, platinum group metals, nickel and copper. The updated resource for the Yamarna Gold Project was announced on the ASX on 1 September 2008, total 749,000 ounces of gold (13.1 mt at 1.78 g/t Au).

Significant sections of the Thatcher Soak calcrete hosted uranium deposit lie within Eleckra's tenements. Recent drilling by the Company has outlined extensive uranium mineralisation within Eleckra's Thatcher Soak areas. The Company announced its maiden uranium resource estimate on 15 September 2008 containing 6.2 million pounds of U3O8 (approximately 2.8kt) (16.1 mt at 174 ppm U3O8).

The Company announced on 31 October 2008 its first pass pit optimisation studies. Sensitivity analysis was performed by varying costs (as at July 2008), process recoveries, gold pricing and various types of processing to assess their impact on optimum pit size. This optimization study has highlighted the sensitivity of the resource to changes in the gold price and operating costs.

The optimisation study demonstrated that the resource could potentially become economic at a sustained Australian dollar gold price above $A1400/oz (this price was achieved briefly in October 2008). The 2008 optimisation indicated that reduction in costs by 10-20 % could significantly increase the project cashflow. The sustained increase in gold price and reduction in costs would have a significant impact on the economics of the Yamarna Gold Project.

The Company's total tenement position within the Yamarna Project comprises 40 granted tenements and 22 applications for exploration licences, prospecting licences and mining leases, covering approximately 3,600km2 in area. These tenements cover most of the Yamarna Greenstone Belt and Dorothy Hills and Mount Venn greenstone belts within Western Australia's Eastern Goldfields.

The Company has been granted 1,500 km2 of new exploration tenements between Yamarna and AngloGold / Independence's Tropicana gold deposit, which we have called "Golden Sands". Regional aeromagnetic surveys and reconnaissance geochemical sampling is planned.

Geographical Spread

Board of Directors and Key Management

Ian Murray	Executive Chairman
Russell Davis	Non-Executive Director
Kevin Hart	Non-Executive Director
Ziggy Lubieniecki	Exploration Manager

Company Address 6 Altona Street West Perth, Australia 6005 Telephone: +61 8 9486 4144 Facsimile: +61 8 9481 6405 Email: perth[at]eleckramines.com.au Website: http://www.eleckramines.com.au

Additional Address/Key Contact Postal Address PO Box 1157 West Perth  WA  6872

Capital As at 31 March 2009 Issued Shares - 62.1m Issued Options: 6.5m unlisted @20cents (31/03/2011) 1.0m unlisted @ 25c (30/05/2011) 5.4m unlisted @37cents (30/11/2012) 1.0m unlisted @ 18.5c (30/05/2013) 1.0m unlisted @ 22c (30/05/2013) 1.0m unlisted @ 26c (30/05/2013)

Annual General Meeting November, Perth

Year End 30 June

Major Shareholders

At 13th March 2009
Asarco Exploration Company Inc	8.1%
Mining Projects Group Ltd	7.5%
Perth Select Seafoods	6.5%
HSBC Nominees Ltd	6.4%
Directors & Associates	5.1%
Terra Gold Mining Ltd	4.8%

Related News

05/05/09 - It’s Only A Matter Of Time Before Cashed Up Eleckra Mines Returns To The Spotlight
21/10/08 - Eleckra Has Two Cabs Ready Two Roll Out Of The Rank, And A Possible Joint Venture Partner In Uranex On Thatcher Soak
25/02/08 - Eleckra Mines Starts 2008 With New Management And A New Sense Of Purpose

Most Recent Statement

01/06/09 - Placement of Entitlement Issue Shortfall
30/04/09 - Quarterly Activities and Cashflow Report - March 2009
06/04/09 - Notification to Shareholders - Entitlement Issue
03/04/09 - Non-Renounceable Entitlement Issue and Appendix 3B
26/03/09 - Notice of General Meeting/Proxy Form
23/03/09 - Company Presentation - March 2009