Northern Uranium Limited is listed on the Australian Stock Exchange (ASX) under stock code NTU. You can view their investor website here. NTU was listed on the ASX on 15 November, 2006. 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. 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. Kevin Schultz is the Executive Chairman of Northern Uranium. Northern Uranium Limited engages in the exploration of uranium properties in Australia. The company holds interests in the Gardiner-Tanami Super project, which consists of 8 granted exploration licenses, 1 granted prospecting license, and 25 tenement applications comprising approximately 9,950 square kilometers of tenements in the Granites-Tanami region of Western Australia and the Northern Territory; the Kurundi project covering 2 granted exploration licenses for approximately 1,597 square kilometers, located southeast of Tennant Creek in the Northern Territory; and the Wallal project comprising 5 exploration license applications in the Pilbara Mineral Field of Western Australia. It also owns interests in the Denison Range project, which is located approximately 10 kilometers southeast of the Gardiner Tanami Super project, comprises 2 granted exploration licenses covering approximately 250 square kilometers; and the Lake Barlee project comprising 1 exploration license application covering an area of approximately 227 square kilometers, which is located 240 kilometers north of Southern Cross, Western Australia. The company was incorporated in 2006 and is based in West Perth, Australia.
Learn more about Uranium Mines in Australia, learn what Uranium is, read about Worldwide Uranium Deposits, study the Regulation of Uranium Mining and wonder at the marvels of Uranium exploration in Australia.
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1 Australian Uranium // Oct 4, 2007 at 12:42 pm
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