FORTE ENERGY NL
ACN 009 087 852
ASX/AIM CODE: FTE
Telephone: +618 9322 4071, Fax: +618 9322 4073
ASX, AIM and Media Release
23 February 2010
OUTSTANDING URANIUM GRADES FROM BIR EN NAR
PROJECT AS JORC RESOURCE NEARS COMPLETION
GRADES OF UP TO 4,890ppm U FROM FIRST BATCH OF ASSAYS
* Outstanding high-grade assay results from recently completed resource drilling at BIR EN NAR Uranium Project,
Mauritania - West Africa, including:
o 16m @ 1,617ppm U incl. 8m @ 2,470ppm U
o 5m @ 2,326ppm U incl. 1m @ 4,890ppm U
o 4m @ 1,711ppm U incl. 1m @ 4,410ppm U
o 5m @ 1,038ppm U incl. 1m @ 1,870ppm U
* Results continue to show significant mineralisation with high-grade intercepts of U3O8 recorded - further
assays awaited
* Preparation of initial JORC Code-compliant resource for Bir En Nar Project on track to be finalised by 31 March
2010
* New program of RC drilling commences on the first of 11 selected prospects at Bir Moghrein, Mauritania
International uranium company Forte Energy NL (ASX / AIM: FTE; "Forte Energy") is pleased to report excellent
results from the first batch of laboratory assays received from the recently completed +5,800m resource drilling
program at its Bir En Nar Uranium Project, located in the Republic of Mauritania, West Africa.
Chemical analysis results have so far been received from the first eight diamond core drill holes, of a total of
50 holes completed at Bir En Nar ahead of the maiden JORC Mineral Resource estimate for the Project expected by the
end of March 2010.
The results confirm the results from the previous Reverse Circulation drilling undertaken two years ago,
particularly the exceptionally high uranium grades recorded at Bir En Nar.
The results will be incorporated in the initial JORC Code compliant Mineral Resource estimate for the Bir En
Nar Project.
Better results received to date are summarised in the table below:
Drillhole from to length m U ppm from to length m U ppm
BNRD001 20 22 2 324
BNRD001 26 33 7 516 including 26 27 1 1,810
BNRD001 52 53 1 540
BNRD002 83 84 1 439
BNRD002 22 38 16 1,617 including 27 35 8 2,470
BNRD002 54 58 4 613 including 56 57 1 1,160
BNRD003 7 12 5 1,038 including 7 8 1 1,870
BNRD003 26 27 1 311
BNRD004 89 98 9 607 including 90 91 1 1,740
BNRD005 88 92 4 1,711 including 90 91 1 4,410
BNRD005 136 138 2 616 including 136 137 1 1,010
BNRD006 100 108 8 430 including 103 105 2 1,175
BNRD006 115 116 1 323
BNRD007 151 156 5 2,326 including 154 155 1 4,890
BNRD008 33 40 7 657 including 36 40 4 1,050
As previously reported, the Company has experienced delays in obtaining assay results from overseas laboratories in
Mali and Canada. As a result, the Company is sending its most recent samples to Perth, Australia, to accelerate the
process. The company envisages receiving the remaining results on a regular basis over the ensuing weeks.
To view Figure 1 - Location of drill holes and mineralisation and fracture zones in Bir En Nar, please open
the following link in a new window: http://media3.marketwire.com/docs/BirEnNar.pdf
The area is dominated by granites of different modes in an early proterozoic domain. The best parts of
the mineralisation occur in the vicinity of a characteristic fine-medium grained granite.
The mineralisation occurs on both sides of a North-West trending fracture zone (see Figure 1 below). Orientated in-
fill core drilling has given a better understanding of the mineralisation where the best part is composed of 5 - 6
separate bodies within a 100m wide steeply dipping zone. Two near horizontal faults slightly offset the bodies
by about 10 metres.
The Bir En Nar is the most advanced of Forte Energy's uranium exploration projects in Mauritania and the delineation
of a maiden uranium resource estimate is an important step towards the Company's ultimate development and production
goals.
Reverse Circulation (R/C) drilling program underway near Bir Moghrein, Mauritania.
R/C drilling has commenced on the first of 11 selected prospects. This drilling is intended to assess the potential
for economic uranium deposits. In total between 4,000 and 6,000 metres is planned in 200 - 300 drill holes. Targets
include mineralisation in both crystalline basement and in calcrete. This drilling is scheduled to be completed in May
2010.
To view Figure 2 - Locations for R/C drilling program, please open the following link in a new window:
http://media3.marketwire.com/docs/RCDrilling.pdf
Mark Reilly
Managing Director
For further information contact:
Mark Reilly, Managing Director
Forte Energy N.L. Tel: +618 9322 4071
Alastair Stratton/Tim Graham
Matrix Corporate Capital LLP Tel: +44 (0) 203 206 7000
Conduit PR
Jos Simson/Emily Fenton Tel: +44 (0) 207 429 6603
Stuart Laing
RFC Corporate Finance Ltd Tel: +618 9480 2506
(AIM Nominated Adviser to the Company)
Note:
The information in this report that relates to exploration results in West Africa is based on information compiled
by Mr. Bosse Gustafsson, who is a member of the European Federation of Geologists a Recognised Overseas
Professional Organisation ("ROPO"). Mr Bosse Gustafsson is a full time Technical Director of Forte Energy NL and is
responsible for exploration activities in Mauritania and Guinea. Mr Gustafsson has sufficient experience, which is
relevant to the style of mineralisation and the 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 'Australian Code for Reporting of
Exploration Results, Mineral Resources and Ore Reserve'. Mr Gustafsson consents to the inclusion in this report of
the matters based on their information in the form and context in which it appears.
About Forte Energy
Forte Energy is an emerging international uranium company focused on the exploration and development of a high-
quality portfolio of uranium assets in the Republics of Mauritania and Guinea, West Africa. These assets have the
potential to develop as long-life uranium production projects, representing a significant new strategic source of
uranium supply for world markets.
Forte Energy is progressing its Mauritanian assets through a Strategic Alliance and Cooperation Agreement with
the French-based multinational industrial and nuclear energy giant, Areva NC, a global expert in nuclear energy.
Areva also holds a strategic 11.6% equity interest in Forte Energy.
Under this agreement, Forte Energy has access to Areva's extensive uranium exploration database in Mauritania as well
as technical cooperation and on-ground support from Areva in advancing the exploration and evaluation, in particular
of the rapidly emerging Bir En Nar Uranium Project, located in the Zednes region of northern Mauritania.
Forte Energy and Areva have agreed to establish a joint venture to develop the Company's Mauritanian assets if a
minimum 60-80 million pounds of JORC Code compliant inferred uranium resources are established within the next two
years.
Forte Energy's growth strategy in the international uranium industry is being driven by an accomplished Board
and management team focused on maximising shareholder value and returns.
Forte Energy NL