Forte Energy NL
LSE : FTE

October 08, 2012 02:00 ET

Ground Surveys at A238 Prospect in Mauritania

                                                                                                        
                                                                                          Forte Energy NL
                                                                                                         
                                                                                         ACN 009 087 852
                                                                                                         
                                                                               ASX, AIM and Media Release

8th October 2012

            Ground surveys confirm extensions along strike at the A238 Prospect in Mauritania

Forte  Energy  NL  ("Forte Energy" or "the Company") (ASX/AIM: FTE) is an emerging international  uranium
company  focused on the exploration and development of a portfolio of uranium assets in the Republics  of
Mauritania and Guinea, West Africa.

Highlights

    -   During September, SEMS Exploration Ltd completed a combined high resolution ground magnetic and
        radiometric survey over the A238 prospect in Mauritania totalling over 470 line km.
    -   The survey has confirmed the following:
             -  Structural control of the A238 prospect in the Zednes shear zone;
             -  Extension of the main shear zone to the south for over 3.5km, below the sedimentary cover; 
                and
             -  The structure continues to the north for over 2km, near to surface and outcropping.
    -   A Reverse Circulation drilling programme is scheduled to start in November to test these highly
        prospective areas along strike to the south and north of the A238 prospect.
        
Forte Energy's JORC compliant Resource Statement for A238 as at April 2012 (100ppm U308 cut-off)
   
            ---------------------------------------------------------------------------------------------
              Area                    Resource        Tonnage           Grade           Contained U3O8
                                      Category         (Mt)           (ppm U3O8)            (Mlbs)
            ---------------------------------------------------------------------------------------------
              A238 Prospect           Inferred         42.8              233                 22.0
            ---------------------------------------------------------------------------------------------
              A238NW                  Inferred          2.4              266                  1.4
            ---------------------------------------------------------------------------------------------
              A238 Total              Inferred         45.2              235                 23.4
            ---------------------------------------------------------------------------------------------

Commenting on the update, Mark Reilly, Managing Director of Forte Energy, said:
"Forte  Energy's  A238 prospect in Mauritania has already delivered excellent results, with  23.4Mlbs  in
JORC  compliant  resources. It is very encouraging to note the potential of further  extensions  to  this
shear zone to both the south and the north of A238. With the drilling season due to start next month  and
with  the  funding secured earlier this year, Forte Energy is looking forward to testing the  significant
identified potential for further mineralisation along the shear zone with the objective of increasing the
resource base of what is increasingly looking like a substantial uranium asset."

A238 Prospect

The  A238  mineralisation  is  hosted within metasomatised granite. Previous  mapping  and  drilling  has
identified   a  strong  structural  control  on  the  uranium  mineralisation  at  A238.  The  recognised
mineralisation  is controlled within a north-westerly striking, sub-vertically orientated  ductile  shear
zone.

The latest interpretation suggests both sub-vertical shear related mineralisation, together with possible
high  grade  mineralisation controlled by 20-350 west dipping zones developed between  the  sub  parallel
bounding  structures. Grade interpretation and limited surficial structural data also suggest rolling  to
shallow northerly plunging shoots and lenses of uranium mineralisation over a strike length of 1.75km  in
the  main  zone. This mineralisation is open, particularly to the south where thin sedimentary cover  has
masked any radiometric surface expression.

To  test  the  structural  control along strike to the north west and south east  of  the  existing  A238
prospect,  Geophysical  consultants SEMS Exploration Ltd of Accra,  Ghana,  were  engaged  to  execute  a
combined high resolution ground magnetic and radiometric survey.

The  survey commenced on the 20th September and covered an area of over 21km2 at a line spacing  of  50m;
approximately  470km of ground line surveys were completed. Traverse lines were walked by  two  surveyors
working on 50m line spacing on a north south traverse.

To  view Figure 1: Sun Shaded magnetic field over the A238 Prospect, please open the following link in  a
new window: http://media3.marketwire.com/docs/forte_1008_uk_graphic.pdf

The  survey  was  completed  on the 28th September with the collected data  compiled  into  one  database
utilising the WGS84 projection system.

Following compilation and interpretation of the high resolution ground magnetic and radiometric  surveys,
it  has been confirmed that the A238 prospect is structurally controlled within the Zednes shear zone. To
the  north  of  the  existing A238 prospect the structure continues for over 2km,  near  to  surface  and
outcropping. To the south of the A238 prospect the surveys have confirmed that the structure  extends  to
the south under quaternary cover for more than 3.5km.

Preparation  is now underway for a Reverse Circulation drilling programme that is scheduled to  start  in
November to explore the highly prospective areas to the north and south of the A238 prospect.










Mark Reilly
Managing Director
For further information contact:

Mark Reilly, Managing Director
Forte Energy NL                             Tel: +44 (0) 203 3849555


Geoff Nash/Ben Thompson                     Tel: +44 (0)207 220 0500
Elizabeth Johnson (broking)
finnCap

Bobby Morse/Louise Hadcocks/Cornelia Browne
Buchanan                                    Tel: +44 (0) 207 466 5000

Stuart Laing
RFC Ambrian Ltd                             Tel: +61 (0) 8 9480 2506
(AIM Nominated Adviser to the Company)

Forte Energy NL

Australia                                   United Kingdom

Suite 3, Level 3                            3C Princes House
1292 Hay Street                             38 Jermyn Street
West Perth WA 6005                          London SW1Y6DN
Ph: +61 (0)8 9322 4071                      Ph: +44 (0)203 3847474
Fax: +61 (0)8 9322 4073                     Fax: +44 (0)207 2878387
Email: info@forteenergy.com.au              Email: info@forteenergy.co.uk
Web: www.forteenergy.com.au


About Forte Energy
Forte  Energy  is  an  Australian-based minerals company focused on the exploration  and  development  of
uranium  and associated bi-products in Mauritania and Guinea in West Africa. The Company has an extensive
pipeline  of  assets and total JORC resources of 76.8Mt @ 266ppm U3O8for 44.9Mlbs contained U3O8  (100ppm
cut-off).

Its  flagship assets are the A238 prospect (23.4Mlbs U3O8) and the Bir En Nar project (2.06Mlbs U3O8)  in
Mauritania, and the Firawa Project in Guinea (19.5Mlb U3O8).

Forte Energy U3O8 JORC resources (all at a 100ppm cut-off):
-------------------------------------------------------------------------------------------------------
Project              Resource Category         M tonnes         ppm U3O8           Contained U3O8 Mlbs
-------------------------------------------------------------------------------------------------------
A238*                         Inferred             45.2              235                          23.4
-------------------------------------------------------------------------------------------------------
Bir En Nar                   Indicated              0.5              886                           1.0
                           ----------------------------------------------------------------------------
                              Inferred              0.8              575                           1.0
-------------------------------------------------------------------------------------------------------
Firawa                        Inferred             30.3              295                          19.5
-------------------------------------------------------------------------------------------------------
Total                        Indicated              0.5              886                           1.0
                           ----------------------------------------------------------------------------
                              Inferred             76.3              262                          43.9
                           ----------------------------------------------------------------------------
                                 Total             76.8              266                          44.9
-------------------------------------------------------------------------------------------------------

        * A238NW Anomaly included in the A238 Inferred Resources
    
Forte  Energy's  strategy is to target high grade uranium ore bodies and build a low cost  West  African-
focused  uranium  producer. The Company is quoted on the Australian Stock Exchange  (ASX:  FTE)  and  AIM
market of the London Stock Exchange (AIM: FTE). For more information, visit www.forteenergy.com.au

Note:
The  information in this report that relates to Exploration Results 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') included in a list promulgated by the ASX  from  time  to  time.  Mr
Gustafsson  is a former Technical Director of Forte Energy NL. He has an ongoing role as a consultant  to
the  Company.  Mr. Gustafsson has sufficient 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'. Mr. Gustafsson consents to the inclusion in this report  of
the matters based on his information in the form and context in which it appears.

The  information in this report that relates to the Mineral Resources at the A238 prospect in  Mauritania
and  at Firawa in Guinea is based on information compiled by Mr. Bosse Gustafsson of Forte Energy NL  and
Mr Galen White BSc (Hons) FGS, FAUSIMM, Managing Director and Principal Geologist of CSA Global (UK) ltd.

The  information in this report that relates to the Mineral Resource at Bir En Nar in Mauritania is based
on  information compiled by Mr. Bosse Gustafsson of Forte Energy NL and Mr. Neil Inwood of Coffey  Mining
Ltd.  Neil Inwood is the Competent Person responsible for the resource estimation and classification.  Mr
Inwood  is a Fellow of the AusIMM. As Mr Inwood is now no longer employed by Coffey Mining, Coffey Mining
has  reviewed  this information release and consent to the inclusion, form and context  of  the  relevant
information  herein  as  derived from the original resource reports for which  Mr  Inwood's  consent  has
previously been given.

Mr.  Gustafsson, Mr. Inwood and Mr. White have sufficient experience which is relevant to  the  style  of
mineralisation and type of deposit under consideration and to the activity which they have undertaken  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". Mr. Gustafsson, Mr. White and Coffey Mining  on
behalf of Mr. Inwood consent to the inclusion in this report of the matters based on their information in
the form and context in which it appears.


Contact Information

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