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NORTHERN URANIUM LIMITED - ASX: NTU
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Description
Northern Uranium Limited ('Northern Uranium') is an Australian based company exploring for uranium in Western Australia (‘WA’) and the Northern Territory (‘NT’). Northern Uranium listed on the Australian Stock Exchange in November 2006 (ASX code – NTU) after completing a successful IPO.
The company’s primary focus is on its Gardiner-Tanami Super Project, comprising some 9,950 square kilometres of tenements in the Granites-Tanami region of WA and the NT. Northern Uranium’s other projects also lie within WA and the NT and cover several different styles of uranium mineralisation.
Geologically, the Gardiner-Tanami Super Project area compares favourably with both the Alligator Rivers region in the NT and the Athabasca Basin in Canada, the latter being host to the world’s highest-grade unconformity-related uranium deposits. Worldwide, similarly prospective areas for this type of uranium deposit are rare.
At Northern Uranium, our exploration strategy involves the rapid development of drill-ready targets via the utilisation of sound exploration models and techniques and a focus on known uranium occurrences. The application of geophysical and remote-sensing technology will enhance the potential for drill success.
In February 2007, Northern Uranium announced the formation of a strategic alliance with the French nuclear group, Areva NC, via its wholly owned subsidiaries, Areva NC Australia Pty Ltd (Areva) and Afmeco Mining and Exploration Pty Ltd (Afmex). Under the terms of the agreement, Afmex has become the operator of uranium exploration and development of the Gardiner-Tanami Super Project (including Denison Range). Areva may provide requested technical services to support Northern Uranium's other exploration efforts in Australia, and Areva will also market any uranium produced by Northern Uranium. In addition, Areva has a substantial shareholding in Northern Uranium and a nominee of Areva has been appointed to Northern Uranium's Board of Directors.
Mine For
Uranium, Phosphate, Tungsten
Location of operation(s)
Western Australia, Northern Territory
Address
Level 2, 7 Havelock St
WEST PERTH, WA, AUSTRALIA
Phone
(61 8) 9481 2344
Website
http://www.northernuranium.com.au
Last Updated
18/01/2010
The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.