"Following a strategic decision to exit the Queensland uranium tenement portfolio the Burke Uranium Project tenements (proposed for grant) and the Julia Creek Uranium Project tenements (previously sufficiently tested) have been relinquished. The Clarke River Uranium Project tenements are now being reviewed for their base and precious metals prospectivity. The prior Joint Venture Manager at Mt Brown has withdrawn."
"EPM 15535 (Mt Brown) is located approximately 60km southwest of the town of Greenvale, between Charters Towers and Georgetown. The area covers geology with potential for volcanic-hosted gold and base metals deposits as well as uranium (as exampled in the region at Ben Lomond and Maureen). During the year, Southern Uranium (now Investigator Resources Ltd; ASX: IVR) withdrew from the Mt Brown Joint Venture."
DYOR
MNM Price at posting:
5.8¢ Sentiment: Buy Disclosure: Held
