News blog

Uranium Resources

  • BY: Andrew Hore |
  • POSTED: 09/01/2008 |

Uranium Resources says that its partner Western Metals Ltd will spend a further A$3.5m on uranium exploration in Tanzania over the next 15 months. 

This news helped the shares increase 0.5p to 4.625p.

Along with its partner Western, Uranium Resources has already invested A$2.5m in exploration in the Karoo Basin in southern Tanzania. There are three main potential projects - Mtonya, Ruhuhu and South Selous.

A drilling programme at Mtonya has identified highly anomalous areas. The main prospect is called Grandfather. Anomalies at Ruhuhu will be investigated this year.

Uranium investment fund Geiger Counter Limited owns 14.43% of the shares.

© 2022 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at Subscribe to AIM Micro RSS Feeds