Ann: Top 20 Holders, page-5

News about the very large Pasfield anomaly due in the next few weeks (see below). From a Stock---- release:

Resources stocks have been in demand during the past fortnight with new substantial shareholders for lithium play Lake Resources (ASX:LKE),rare earths explorer Meeka Metals (ASX:MEK), Whitehaven Coal (ASX:WHC), Illuka Resources (ASX:ILU) and Perseus Mining (ASX:WHC).

Terra Uranium (ASX:T92), which listed on the ASX on September 8, has a new substantial shareholder in none other than Peak Asset Management founder and executive director Niv Dagan.

Terra Uranium holds some 775sqkm of the Athabasca Basin in Canada, with three projects – the HawkRock, Parker Lake and Pasfield Lake – containing what the blurb calls the world’s largest and highest-grade uranium deposits.

Peak led the IPO and when asked about the substantial holding Dagan told * he was bullish on both uranium and T92, saying it had a strong leadership team and quality assets.

“We’ve got a formidable board led by executive chairman Andrew Vigar, who founded Alligator Energy (ASX:AGE) which is now sitting with ~$220 million market cap,” Dagan said.

“For a nano-cap we have a formidable team and board and we have put together three projects that are 100% owned.”

Dagan said Terra Uranium is drilling this coming winter at Athabasca, which has the largest uranium deposits in the world and highest grade.

“Just put that in perspective, BHP’s Olympic dam only has uranium of 0.003% and we are seeking deposits of 200 or 300 million pounds at over 5% grade,” he said.

T92 has also identified a very large uranium anomaly at the Pasfield project, which is one of the largest ever encountered.

“The anomaly, which will be verified in the next few weeks on the basis of the new Z-10 technology, has the earmarks of the same size and grade as Macarthur, in northern Saskatchewan, Canada, which is the world’s largest high-grade uranium deposit,” Dagan said.

He said since the latest change in substantial holding he has added another 900,000 shares.

He said Terra Uranium has several notable shareholders including the Liberman Family, Tristar, Altor, Tribeca and Terra Capital, while directors have also bought in for the action.

The company’s plan is to explore and develop the projects as well as seek out further complementary mineral exploration and resource opportunities