Aldershot’s Zambian project is defined by two Prospecting Licences in the Southern Province of Zambia. Both are on the northern shore of Lake Kariba (Kariba & Sinazongwe PLs). The Kariba Prospecting Licence (PL LS310) covers ~825 km2 and the Sinazongwe Prospecting Licence (LPL/32/07) covers ~250 km2.

The Licences are almost entirely underlain by the Carboniferous to Jurassic aged Karoo Supergroup on the edge of the mid-Zambezi Rift Valley. Potential for sandstone hosted uranium deposits within the Upper Karoo Escarpment Grit (both as detrital deposits and fracture/fault controlled autunite-torbenite-coffinite-pitchblende mineralization) has been recognized and actively explored by a number of previous companies including Chartered Exploration, Saarburg, Power Reactor and Nuclear Fuel Development Corporation (PNC) and AGIP. Particularly the last two who were very active in the area in 1970s and early 1980s.

Aldershot’s Prospecting Licences are located in a highly prospective belt being located between Denison Mines’ Mutanga Project, which has an historic resource of 13.7M lbs U3O8, and African Energy’s Chisebuka Prospect where drilling in late 2007 returned upto 762 ppm eU3O8 (CHI007, 11-13m). Further north African Energy Chirundu JV has identified over 9M lbs of contained U3O8 at the Njame and Gwabe Prospects. In the area covered by the Sinazongwe Licence, historic drilling by PNC has returned upto 0.89% U3O8 from drillhole SG-20 (PNC, Final Report for PMMC PL09) and uraninite and coffinite were identified.

During 2007 while waiting for the airborne radiometric survey to be flown and after completing boundary surveying, landmine clearances and the required environmental surveys, Aldershot undertook prospecting and broad spaced footborne radiometric surveys in six selected target areas. The prospecting and subsequent assaying of the samples collected returned 140 ppm U (Makonkoto Prospect area) and 1335 ppm U (Zeze prospect area).

For the Sinazongwe area, following its recent grant, the available publications, maps and company reports are being compiled and incorporated into the database as they become available. Field programs will be finalised once the rainy season finishes.

Aldershot is currently using a very experienced Zambian based consultancy group to conduct its exploration.