Sherlock Bay Nickel Corporation Ltd has begun the planning of exploration programmes for its Mt Salt and Copper Bore Well uranium prospects. The planning is being conducted concurrent with the process for progression of the Exploration Licence Applications covering the prospects to granted status.
Both prospects are located in the Western Pilbara region of Western Australia. A key component of any exploration programs will be the identification of priority targets for early drill testing of the interpreted buried uranium mineralisation.
Sherlock Bay Nickel Corporation Ltd (SBNC) has said that it fully supports the recent Nuclear safeguards and cooperation agreements between Australia and China. These agreements pave the way for the export of uranium mined in Australia to help responsibly meet the long term energy needs of the growing Chinese economy.
SBNC has announced plans to commence discussions with potential Chinese partners in relation to potential uranium opportunities in Australia.
- 21 Apr 2006
SHN Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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