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Company Overview Uramet Minerals Limited is an ASX listed exploration company targeting base metals, phosphate and uranium in Central Australia. Uramet´s tenements cover 5,061 km2 (square kilometres) of which 4,754 km2 are in the Northern Territory, the remaining 307 km2 in Queensland. The Company raised $7 million in its initial public offering and commenced trading on the ASX on 19 June 2007. Since then, several major programs have been completed, including reconnaissance drilling for uranium; major geophysics surveys (gravity, IP and VTEM) and drilling for base metals; and mapping, sampling and drilling for phosphate. At the Box Hole lead-zinc project, promising RAB and RC drill targets were selected from the results of Uramet’s exploration work, including geophysics, detailed mapping, sampling, and soil geochemistry. A program of RAB drilling was completed in July 2008 and initial evaluation of results suggests deeper drilling is warranted. Uramet´s tenements and expertise are focussed on the Georgina Basin, which hosts most of Australia´s major phosphate deposits (and which is very prospective for base metals as well). High phosphate grades encountered in outcrops on Uramet´s tenements in the Marqua Project area were followed up in 2008 by mapping and sampling programs targeting phosphate/uranium. A drilling program was completed at Marqua in September 2008.
| Uramet Minerals Limited ABN 16 124 251 396
PO Box 8280, Subiaco East WA 6008, Australia Level 1, 130 Hay Street, Subiaco WA 6008, Australia
Telephone: +61 8 6380 2799 Facsimile: +61 8 6380 1644 Email: uramet@uramet.com.au | | .png) |
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