URANIUM INITIATIVE IN BULGARIA AND UPDATE ON ESTONIAN PROJECT HIGHLIGHTS • Opportunity to participate in re-commissioning of the Bulgarian uranium industry through the participation in a tender process • Binding Heads of Agreement signed with Bulgarian company to achieve 100% interest in the event of successful tenders • Extensive roll front uranium deposits, four of which have been mined by ISL methods previously, and which could be brought back on-stream at modest capital cost • A total of 10 applications prospective for uranium, vanadium and molybdenum now lodged in Estonia • Total area under application now approximately 1000 km2 • Preparation of additional licences on-going
MRO Price at posting:
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