Redport Limited, previously named Minotaur Gold NL, was listed on the ASX in 1995 as a mineral explorer with interests in the Gawler Craton of South Australia.
Recently, the company has focused on acquiring exploration stage projects in uranium and gold, both in Australia and offshore.
Redport has four uranium mineral prospects in Western Australia (WA) and South Australia (SA) and holds one of WA's largest proven uranium deposits, Lake Maitland (RPT 30% earning 80%) (7900 tonnes or 17 million pounds U3O8 equivalent to 1Moz of gold). Other uranium prospects include Mundong Well (RPT 30% earning 80%) and Angelo River (RPT 80%). At Edwards Creek, Redport is currently exploring for an Olympic Dam style deposit (copper, gold, uranium) with gravity defined targets to be drilled in 2005.
The company's gold projects Yandal and Mt Clements are located in SA. Combined resources currently stand at 74,000 oz Au. Commonwealth Hill, SA, targets gold and iron ore.
Redport aims to assemble one of the most prospective uranium projects in Australia, with a focus on deposits that are commercially mineable.
In June 2005, Redport acquired the Langer Heinrich Uranium Deposit royalty which is expected to provide the company with a long term cash flow. Mining is expected to commence at Langer Heinrich by 2006.
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redport limited
