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Uranium News

Ezulwini mineral statement released as bankable study advances

7th September 2006 JSE-listed junior miner Simmer & Jack Mines' 90%-held subsidiary Ezulwini Mining, which released its mineral resource statement for the formerly known Randfontein Four Shaft, had measured and indicated gold resources of 3,1-million ounces at 4 g/t and uranium resources of 6,8-million pounds at... 

Now Uranium One pulls trigger on $35,9m Australian project

By: Terence Creamer     29th August 2006 Uranium development company sxr Uranium One on Tuesday approved the development of the $35,9-million Honeymoon in-situ leach (ISL) uranium project in South Australia, as uranium prices breached the $50/lb level. 

It's not about pounds in the ground, but production

By: Irma Venter     25th August 2006 It’s time for uranium companies to stop talking about the pounds they have in the ground, and to start actual production, says Geiger Counter co-manager Andrew Ferguson. 

Uranium miner proceeds with sock split

By: Nelendhre Moodley     25th August 2006 Uranium miner Mega Uranium has announced that it had received all the necessary shareholder and regulatory approvals to complete its previously announced stock split pursuant to which each issued common share will be subdivided into two common shares. 

Dominion reefs uranium project

18th August 2006 The Dominion project covers an area of approximately 120 km2 and is located about 20 km to the south west of Klerksdorp, in the North West province. It is a brownfields development project consisting of the Dominion and Rietkuil Sections, which include two former uranium and gold mining operations. 

Langer Heinrich uranium project

4th August 2006 The project is in the Namib desert, about 80 km east of Swakopmund. Paladin Resources' management and advisers have agreed that the optimal manner to proceed with the development of the project is to use an engineering-procurement and construction-management contractor to deliver a... 

Researcher expects uranium price to rise to $60/lb

By: Irma Venter     21st July 2006 The current uranium spot price is around $45/lb, which is a 27% increase year-to-date, reports Australia’s Resource Capital Research (RCR). 

Simmers makes progress on uranium diversification strategy

By: Jade Davenport     21st July 2006 Subsequent to the approval of the new-order mining right at its Ezulwini gold and uranium project in May, junior miner, Simmer & Jack (Simmers), has made significant progress in advancing the feasibility study and in raising project finance. 

SA/Canadian miner on course to join uranium 'top five'

By: Keith Campbell     21st July 2006 IF all goes according to plan, South African-based, Toronto-listed, uranium company sxr Uranium One will soon have the giant global mining group Rio Tinto as a shareholder. 

Uranium expected to gain on nuclear investments

By: Bloomberg     18th July 2006 Uranium prices may gain as Japan, South Korea, India and the United Kingdom build more nuclear reactors to meet rising energy demand, Merrill Lynch & Co. said. 

US uranium junior signs $2m contracts

11th July 2006 US-based uranium junior Ur-Energy had awarded engineering, permitting and mine feasibility contracts to progress the development of its Lost Soldier and Lost Creek projects in the Great Divide Basin of Wyoming, US, the company said on Tuesday. 

Fast-moving Uranium One in yet another US uranium coup

By: Matthew Hill     11th July 2006 For the second day in a row, South Africa-based uranium miner sxr Uranium One has come out with a new growth announcement on the acquisition of dormant US uranium assets. Neal Froneman’s fast-moving company on Tuesday announced yet another US uranium mill and land-package signing, hot on... 

Dominion uranium mine

7th July 2006 The plan for the Dominion mine will involve rapid production and build-up, which will be facilitated by the use of declines with mechanised development and multiple orebody access points. Uranium processing technology will consist of a pressure leach circuit, resulting in higher recoveries than... 

Juniors begin to feel at home on JSE

By: Jade Davenport     23rd June 2006 The promotion and sustainable growth of the South African exploration and development sector has, for the last three decades, been undermined by an attitude of scepticism and misperception adopted by the local investment market. 

Trekkopje uranium project

9th June 2006 The Trekkopje project is located in west-central Namibia about 65 km north-east of Swakopmund. The project area consists of two deposits in close proximity to each other - Trekkopje and Klein Trekkopje/Arandis. The Trekkopje deposit is the smaller of the two and lies on the farm Trekkopje. The... 

Dominion uranium-mine

28th April 2006 The plan for the Dominion mine will involve rapid production and build-up, which will be facilitated by the use of declines with mechanised development and multiple orebody access points. Uranium processing technology will consist of a pressure leach circuit, resulting in higher recoveries than... 

More uranium-price upside expected

By: Irma Venter     14th April 2006 Equity research company Resource Capital Research (RCR), which focuses on small resource companies, believes that the current uranium spot price of $40/lb may reach $54/lb in 2006 – an increase of 35% over the current spot price – and $58/lb by June next year – which is an... 

Prefeasibility study under way at world’s largest deposit

By: Jade Davenport     7th April 2006 ASX and LSE-listed resources giant BHP Billiton is currently undertaking a prefeasibility study for the further expansion of its newly-acquired Olympic Dam operation in South Australia. 

Gold junior set on uranium diversification strategy

By: Jade Davenport     7th April 2006 South African junior miner Simmer & Jack (Simmers) has historically been associated with gold-mining, but owing to the currently firm market fundamentals within the uranium sector and increasing prices on a sustained basis, the company has elected to diversify its traditional focus to pursue a... 

Newcomer to take advantage of uranium boom

By: Jade Davenport     7th April 2006 After two decades of stagnation, the uranium market is once again in an upcycle, largely owing to the increasing demand for energy on a global scale. 

SA’s first uranium focused mine on track for commissioning in Q1 2007

By: Jade Davenport     7th April 2006 After the decline of the uranium industry more than two decades ago, owing to the backlash against nuclear energy after the incidents at the Three Mile Island and Chernobyl nuclear power stations, South Africa is once again caught up in a new uranium boom with the country’s first new... 

Another big boost for world uranium prospects

By: Nicola Mawson     4th April 2006 Australia and China today signed a nuclear cooperation and export agreement that paves the way for the sale of uranium from Australia to China - and contains a possible individual boost for the Honeymoon operation led by South African Neal Froneman. This news comes a few days after Equity company... 

Langer Heinrich uranium project

31st March 2006 The project is in the Namib desert, about 80 km east of Swakopmund. Paladin Resources' management and advisers have agreed that the optimal manner to proceed with the development of the project is to use an engineering-procurement and construction-management contractor to deliver a... 

Gabon uranium exploration agreement

24th March 2006 Motapa Diamonds has announced that a letter of agreement has been signed with Cameco Corporation and Pitchstone Exploration to jointly explore its uranium exploration licences in Gabon. 

Uranium's outlook positive for next 10 to 20 years

By: Irma Venter     6th March 2006 Not many commodities can promise a sustained upwards price level beyond a single day’s trading in the fickle markets, so often driven by the policy of the quick buck, and punctuated by the nerve-span of the jittery investor. However, the rather unglamorous, nonprecious uranium may just... 

Uranium-production industry's outlook very positive for next '10 to 20 years'

By: Irma Venter     3rd March 2006 Not many commodities can promise a sustained upwards price level beyond a single day’s trading in the fickle markets, so often driven by the policy of the quick buck, and punctuated by the nerve-span of the jittery investor. However, the rather unglamorous, nonprecious uranium may just... 

Oz uranium project sale completed

13th December 2005 Canadian junior Mega Uranium yesterday announced that it has completed its acquisition agreement with Georgetown Mining Ltd (GML) and O'Rourke Geological Contractors (OGC), to acquire 100% of the uranium-molybdenum-fluorite mineralisation contained within GML's properties in the Georgetown area... 

New SA-linked uranium force seeks scale in Canada and Australia

By: Terence Creamer     2nd December 2005 The development of the Dominium uranium mine near Klerksdorp and the further expansion of the asset suite, particularly in North America, have been set as the key priorities for SXR UnraniumOne, the company now emerging following trans-Atlantic shareholder backing for the reverse takeover by... 

Uranium deal supported, JSE listing next month

By: Terence Creamer     25th November 2005 Aflease CEO Neal Froneman described the decision of the company's shareholders to back what amounts to a reverse takeover by Aflease of Toronto Sock Exchange-listed Southern Cross Resources (SXR) as only the “end of the beginning” in an ongoing and evolving strategy to build a global... 

Southern Cross shareholders approve Aflease acquisition

24th November 2005 Southern Cross Resources (SXR) said yesterday that its shareholders had overwhelmingly approved a special resolution authorising the acquisition of South Africa's Aflease Gold and Uranium Resources. 

Canadian miner buys Aussie mineralisation rights

22nd November 2005 Toronto-based miner Mega Uranium has announced that it has entered into an agreement with Georgetown Mining Ltd. (GML) and O'Rourke Geological Contractors (OGC), two private Australian companies, to acquire 100% of the uranium-molybdenum-fluorite mineralisation contained within GML's properties... 

Langer Heinrich uranium project

By: Sheila Barradas     11th November 2005 The project is in the Namib desert, about 80 km east of Swakopmund. Paladin Resources’ management and advisors have agreed that the optimal manner to proceed with the development of the project is to utilise an engineering procurement and construction management contractor to deliver a... 

Uranium miner stakes claim in Newfoundland

4th November 2005 Toronto Stock Exchange Ventures board-listed Pathfinder Resources reports it has staked 35 725 ha covering the Hermitage Flexure geological belt in southwestern Newfoundland based on high-grade uranium discoveries announced by Commander Resources. 

New Board for Southern Cross and Aflease capital raising

31st October 2005 Aflease Gold and Uranium Resources CEO Neal Froneman on Friday announced the directors who would constitute the board of Southern Cross Resources on completion of the acquisition of Aflease by Southern Cross. 

Start-up of Namibian project expected by late 2006

By: andrew lanham     28th October 2005 In the global scramble for uranium production, Paladin Resources has gained a head start and has begun the construction of a new uranium plant, significantly ahead of its nearest global rival. 

Central bank approves Aflease-Southern Cross deal and listing

28th September 2005 The South African Reserve Bank yesterday approved the secondary listing of Canada's Southern Cross Resources (SXR) on the JSE, as well as the subsequent acquisition of all the issued capital of Aflease Gold and Uranium Resources. 

Canadian JV widens search for uranium

26th September 2005 Pathfinder Resources and Diamonds North Resources last week said that a significant block of claims along the eastern margin of the Thelon Basin in the Northwest Territories, Canada has been staked under their Thelon Uranium joint venture agreement. 

Uranium price trebles, shares surge

By: Irma Venter     16th September 2005 Uranium is shaking 25 years of doldrum-dust of its feet – this according to a report by equity research company Resource Capital Research (RCR), which focuses on small resource companies. 

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