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RNS Announcements
AGM Statement
25 Jan 2008
Uranium Resources plc, the AIM listed uranium exploration and development company, held its AGM today and all resolutions were duly passed.
At the meeting, Director Ross Warner made the following statement:
"During the year we have made considerable progress in advancing our uranium portfolio in southern Tanzania. Our exploration and development programmes have progressed well and results to date demonstrate that there is significant potential for our licence areas to host an economic uranium deposit.
"Our aggressive exploration programme, which recently yielded the discovery of two new uranium prospects within the highly prospective Ruvuma project area, is continuing at pace. Importantly recent drill results from previously intersected uranium mineralisation at our flagship Mtonya Project has increased the identified subsurface uranium to a strike length of 4km. Together these results act as further endorsement of the exciting potential of the region, and we look forward to updating shareholders on our developments in the coming months.
"The aim for this year is to grow the Company through the advancement of our current project portfolio and identifying further targets to expand our asset base. We have a committed and active joint venture and development partner in the form of Western Metals and a healthy current cash position of �1.95 million which will more than cover Uranium Resources contribution to this year's exploration budget, which we believe ideally places us to aggressively progress our portfolio in 2008."
| For further information please visit www.uraniumresources.co.uk or contact: | ||
| James Pratt | Uranium Resources plc | T: +61 412 743 382 |
| Ross Warner | Uranium Resources plc | T: 07760 487 769 |
| Hugh Warner | Uranium Resources plc | T: +618 9217 3350 |
| Hugh Oram | Nabarro Wells & Co. Limited | T: 020 7710 7400 |
| Hugo de Salis | St Brides Media & Finance Ltd | T: 020 7242 4477 |
| Felicity Edwards | St Brides Media & Finance Ltd | T: 020 7242 4477 |
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