5th Dec 2013 16:26
Uranium Resources plc / Market: AIM / Epic: URA / Sector: Exploration
5 December 2013
Uranium Resources plc ('Uranium Resources') or ('the Company')
Result of AGM
Uranium Resources plc, the AIM listed uranium exploration and development company, held its Annual General Meeting today and all resolutions were duly passed.
The Company's Managing Director, Alex Gostevskikh, said, "The uranium market fundamentals remain strong and the current market emphasises the need for uranium deposits which can be developed and operated at well below US$50 per pound. Mtonya's sandstone-hosted uranium mineralisation is thought to be feasible within the same cost range as the uranium deposits of Wyoming and Kazakhstan. The 26-km long redox corridor at Mtonya has all attributes indicating that it could host a world-class uranium deposit amenable to in-situ recovery."
A copy of the presentation, which was given at the AGM, can be found on the Company's website at: www.uraniumresources.co.uk.
**ENDS**
For further information please visit www.uraniumresources.co.uk or contact:
Alex Gostevskikh | Uranium Resources plc | Tel: +44 (0) 7997 713377 |
Ross Warner | Uranium Resources plc | Tel: +44 (0) 7760 487769 |
Samantha Harrison | RFC Ambrian Ltd (Nomad) | Tel: +44 (0) 20 3440 6800 |
Hugo de Salis | St Brides Media & Finance Ltd | Tel: +44 (0) 20 7236 1177 |
Felicity Edwards | St Brides Media & Finance Ltd | Tel: +44 (0) 20 7236 1177 |
About Uranium Resources
Uranium Resources plc is an AIM listed exploration and development company. It is the Company's strategy to advance its existing assets and strengthen its portfolio via opportunistic acquisition. Uranium Resources has uranium licences in the highly prospective Karoo Basins in southern Tanzania.
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