The sale of Jackson Minerals' Kyrgyzstan assets in 2006 to Leopard Minerals PLC leaves the Company with approximately 22% in the capital of Leopard.  Leopard, an unlisted UK registered company with uranium, gold and copper assets in Kyrgyzstan, is proposing to list on the ASX in 2007.

The Kyrgyzstan copper-gold licences are located in the west of the Kyrgyz Republic.
The licences include areas with a well defined mineralization and geological profile as well as areas with potential for “greenfields” discoveries.  In the Kischisandik licence area, includes Soviet era copper and gold resources, based on historical drilling, sampling of trenches and workings.

With respect to uranium, Leopard has also entered into a joint venture with uranium-oil-gas explorer Monitor Energy Limited (ASX code – MHL), where by Leopard will manage the exploration, with both companies owning 50% of the joint uranium assets and contributing 50/50 to exploration costs. 

The uranium assets include:-

• Uranium licence acquired with potential near term development of the established Kashkasu deposit, adjacent to Soviet - era uranium mining centre.  The project has extensive underground exploration to a depth of 160m and strike length of 800m, open at depth and along strike.
• The Joint Venture has set an initial target for the Kashkasu deposit of 600 tonnes to 700 tonnes of U3O8, based on geological and mining information acquired.
• Prospective uranium exploration ground totaling 2,224 km².
• An experienced uranium exploration team to manage the work.