RNS Number : 0979Y
Uranium Resources PLC
02 July 2008
Uranium Resources plc / Market: AIM / Epic: URA / Sector: Exploration
2nd July 2008
Uranium Resources plc ("Uranium Resources" or "the Company")
Farm-in partner earns further interest in Tanzanian uranium project
Uranium Resources plc, the AIM quoted uranium exploration and development company
operating in Southern Africa, announces that Western
Metals Limited ("WMT") has advised the Company that it has increased its interest in the
Tanzanian farm-in and joint venture assets on the
Mtonya, Ruhuhu and Ruvuma licence areas ("Tanzanian Farm In Areas") to 60% by spending a
further A$2 million. This brings WMT's total
expenditure on the Tanzanian Farm In Areas to A$4 million since May 2006, which completes the
farm-in phase. URA Uranium Resources and WMT
will now develop the Tanzanian Farm In Areas in joint venture.
WMT has also announced that other activities completed during the June quarter include:
* Completion of a high-resolution airborne radiometric survey - Ruvuma Project area
* Commencement of ground based reconnaissance work in the Ruvuma Project area
-including detailed mapping, ground geophysical and
geochemical surveys of the recently discovered Eland prospect
Drilling is also currently underway in Tanzania and results will be released in due
course.
**ENDS**
For further information please visit www.uraniumresources.co.uk or contact:
James Pratt Uranium Resources plc Tel: 07747 832 043
Hugh Warner Uranium Resources plc Tel: +33 643 916 003
Hugh Oram Nabarro Wells & Co. Limited Tel: 020 7634 4705
Hugo de Salis St Brides Media & Finance Ltd Tel: 020 7236 1177
Felicity Edwards St Brides Media & Finance Ltd Tel: 020 7236 1177
Notes to editors
Uranium Resources plc is an AIM listed uranium exploration and development company focused
in Southern Africa. The Company has primarily
concentrated on expanding and developing its portfolio of uranium licences in the highly
prospective Karoo Basin in Southern Tanzania where
it currently has a land package in excess of 13,500 sq km.
This information is provided by RNS
The company news service from the London Stock Exchange
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