Mungindi, I should of mentioned MM Mining in my last post as they have a huge area running down the Wonomo fault ( UTO's ardmore alongside them ) and futher south. See their project maps at www.mmmining.com.au and also if anyone interested , then have a look at John435's post and replies to it on ASX General forum on 13th Jan " undervalued cloncurry juniors " #355347
This from Paladin's 2010 Annual report - page 164:
The Western Isa Joint Venture tenements are held by SRA/Pacific Mines Pty Ltd. MM Mining (Qld) Limited can earn 80% equity in the Western Isa Joint Venture tenements through expenditure of A$8M within three years of commencement (10 December 2007). Summit holds 20M fully paid shares or 12.25% of the issued capital in MM Mining Limited, the parent company of MM Mining (Qld) Limited.
SRA is Summit and Pacific Mines is 100% Paladin subsidary. If MM Mining to list this year then maybe Paladin/Summit will have a good stake.
UTO Price at posting:
20.0¢ Sentiment: Hold Disclosure: Held