10th May 2007 13:05
Uranium Resources PLC10 May 2007 10th May 2007 Uranium Resources plc ('Uranium Resources' or 'the Company') Acquisition of New Uranium Exploration Joint Venture Tenement in Tanzania The Board of Uranium Resources plc, the AIM listed uranium exploration anddevelopment company focused in Southern Tanzania, is pleased to announce theacquisition of a further prospecting licence in Tanzania to add to the Company'sexisting interests in that country. The reconnaissance prospecting licence PLR 3467/2005 in the south west ofTanzania covers rocks of the middle to upper Karoo sequence of the NgakaSub-basin in the Ruhuhu Basin. This sequence includes layered sequences ofmudrocks and fluvial sandstones suitable for hosting sandstone host styleuranium deposits. Previous work by Uranerzberbau GmbH ("UEB") in the early 1980's located a 129ppm U3O8 anomaly within a sandstone/ siltstone outcrop within the tenement. Nofurther work has been conducted on this anomaly. Several untested airborneradiometric anomalies identified from historic geosurvey data also exist withinthe area. The ownership structure of this arrangement is: • Uranium Resources 45% • Western Metals Limited 45% • Tanzanian Partners 10% (free carry through to feasibility study) Western Metals Limited is the project manager of all the exploration activitiesin Tanzania under the joint venture agreement. The acquisition of PLR 3467/2005 takes the total licence holding under farm-inand joint venture management to approximately 7,500 square kilometres with afurther 6,514 square kilometres under application. **ENDS** For further information please visit www.uraniumresources.co.uk or contact: Ross Warner Uranium Resources plc Tel: 07760 487 769 James Pratt Uranium Resources Plc Tel: 07747 832 043 Hugh Warner Uranium Resources Plc Tel: +618 9388 3006 Hugh Oram Nabarro Wells & Co. Limited Tel: 020 7710 7400 Hugo de Salis St Brides Media & Finance Ltd Tel: 020 7242 4477 Felicity Edwards St Brides Media & Finance Ltd Tel: 020 7242 4477 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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