Reefton has lodged 4 applications for licences with the Ministry...

Reefton has lodged 4 applications for licences with the Ministry of Mines & Energy (MME), Namibia. To date three have been approved and an announcement regarding the fourth is "imminent" (though its been a few good weeks now).

There is of course the possibility that MME will reject the application. However there is the possibility that the application will be approved (after all three have been approved to date which says something about the relationship between Reefton and MME, and the company released an upbeat announcement regarding this uranium licence). If this happens current holders will be :DDD !


Extract of announcement dated 9.6.2005...

With three of four applications that the Company had before the MME receiving a positive decision, including the renewal of the Erongo Polymetallic Project, renewal of the Skeleton Coast Project and the inclusion of Industrial Minerals at the Skeleton Coast Project, we eagerly await a determination in respect to the final decision to be made by the MME being the inclusion of Nuclear Fuels at the Erongo Polymetallic Project.