Welcome to Nebu Resources Inc.
In May 2007, the Company entered into an option agreement pursuant to which the Company has the right to earn a 100% interest in the Optioned George River Properties. The Company has also acquired the Staked George River Properties which are comprised of 141 claims totalling 12,534.92 hectares, which are adjacent to the Optioned George River Properties.
As of June 2008, the combined properties are now known as, and are referred to as, The Wedge Hills Properties.
In April 2008, Nebu dropped 124 claims of the Optioned Property, choosing to concentrate resources on the remaining 304 Optioned Property Claims and the 141 Staked Property Claims.
In total, the newly named Wedge Hills property now consists of 445 claims, totaling 26,120.84 hectares.
In June 2008, the Company signed a joint venture option agreement with Quest Uranium Corporation ("Quest") whereby Nebu can earn a 50% undivided interest in the Stewart Lake and Nanuk properties which comprises 3,923 claims (162,987 hectares) owned by Quest in the George River area of Quebec.
The properties optioned from Quest are located 60-80 kilometres south and east of the Wedge Hills Property and are approximately 250 kilometres north-west of Schefferville, Quebec.
In July 2008, the Company staked three non-contiguous claim groups in the Sturgeon area of North-western Ontario, to further explore what is believed to be a prospective gold bearing banded iron formation.
The Princess Lake property consists of 3 claims totalling 544 hectares. Quill Lake consists of 3 claims totalling 496 hectares. Hilltop Lake is 4 claims totalling 752 hectares.
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