MFE 0.00% 1.0¢ magnetite mines limited

royal acquires third uranium project

  1. 9,286 Posts.
    ROYAL ACQUIRES THIRD URANIUM PROJECT
    AND FORMS STRATEGIC URANIUM JOINT
    VENTURE IN CENTRAL COLORADO, USA
    HIGHLIGHTS
     Agreement signed to acquire 121 uranium claims (10
    square kilometres) in highly prospective Thirtynine Mile
    Volcanic Field, central Colorado, USA.
     Claims located downstream from 72 million lbs uranium
    resources.
     Strategic new uranium joint venture formed to assess,
    acquire, explore and develop uranium resources within
    trucking distance of existing uranium mill.
     Royal-Lynx2 joint venture earning 80% of all projects
    generated by the expenditure of US$800,000 over 18
    months.
     Aggressive property identification and acquisition program
    underway.
    ASX
    ANNOUNCEMENT
    30 August 2007
    Royal Resources Limited
    ABN 34 108 102 432
    For further information
    regarding Royal Resources
    Limited contact:
    Philip Crabb
    Chairman
    or
    Brian Richardson
    Director
    Phone: + 61 8 9321 2152
    Fax: + 61 8 9321 9670
    Website:
    www.royalresources.com.au
    Email:
    [email protected]
    Registered Office:
    Suite 2, Level 3, IBM Building
    1060 Hay Street, West Perth
    Western Australia 6005
    Po Box 7363, Cloisters Square
    Perth Western
 
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