Scimitar Resources

West Perth-based Cauldron Energy has secured $10 million from Chinese investors to ramp up exploration at its suite of uranium assets in Australia and Argentina.

The new company to emerge from a merger between Jackson Minerals and Scimitar Resources will seek $7.5 million in fresh capital to ramp up exploration activities at its uranium assets.

Shareholders in Jackson Minerals have overwhelmingly voted in favour of a merger with Scimitar Resources, with Tony Sage to head up as executive chairman of the combined entity.

Western Australian mining identity Tony Sage will chair the combined entity of Jackson Minerals and Scimitar Resources, which have unanimously agreed to merge.

Advises that on 28 January 2007, 8,600,000 fully paid ordinary shares will be released from escrow.

Announced the grant of two exploration licences at the Company's Lake Frome Uranium Project, in South Australia

Scimitar Resources Ltd 29-Sep-05 On 15 October 2005, 1,735,000 fully paid ordinary shares will be released from escrow.

Scimitar Resources Ltd 16-Aug-05 Five of its Exploration licences have been granted by the Department of Primary Industry and Resources South Australia

Scimitar Resources LimitedProposed code: SIM

To be advised - Scimitar Resources Limited Proposed code: SIM Issue price: $0.20

December 22Scimitar Resources Limited