25th Jan 2008 07:00
Niger Uranium Limited25 January 2008 For Immediate Release 25 January 2008 Niger Uranium Limited ("Niger Uranium" or the "Company") Nigerien permits awarded, drilling commences Board changes to progress project development At the time of Admission, the Company had agreed to acquire the Nigerienexploration properties of NWT Uranium Inc ("NWT") and the Nigerien explorationproperties of UraMin Inc ("UraMin"). The combined exploration prospects (the"Prospects") cover a total of 1,673,644 acres (equivalent to 6,773 squarekilometres) and are all located in the Tim Mersoi basin in Niger. The Tim Mersoibasin is a recognised uranium province. The transfer of the Prospects to the Company was subject to the authorisation ofthe Niger State Minister of Mines. The Directors are pleased to announce thatthe transfer of all the exploration properties to the Company has now beencompleted. Following completion of the permit transfers to the Company and the commencementof drilling, the Board has reviewed its needs going forward and has concludedthat in the next stage of the Company's development, the Company should appointan African-based chief executive officer. Accordingly, in the short term, IanStalker will assume the chief executive responsibilities pending the appointmentof a full time African-based chief executive officer. Marek Kreczmer will remainon the Board as a non-executive director. Contacts: Niger Uranium Limited Tel: + 27 82 404 36 37Ian Stalker, Executive Deputy Chairman andChief Executive Officer Beaumont Cornish Limited Tel: + 44 (0) 20 7628 3396Roland Cornish / Michael Cornish Haywood Securities (UK) Limited Tel+ 44 (0) 20 7031 8011Thomas Beattie Financial Dynamics Tel + (0) 20 7831 3113Ben BrewertonEd Westropp ENDS This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Uru Metals