"Following the demerger of the Samphire Uranium Project Assets in late June 2016, the company’s focus has been on finding new opportunities to build shareholder value within the UraniumSA listed entity.
The board has been actively pursuing projects involving a variety of minerals and non-uranium energy assets, as well as opportunities outside the resources sector.
Each of these has been carefully evaluated as part of a diversification strategy, and our search remains active and ongoing.
The company has maintained it strong cost controls, with salary cash payments being minimised and all other costs pared back as far as practically possible. Many of the resolutions being put to the meeting today reflect this cash conservation emphasis.
The company continues to own the Muckanippie EL in northern South Australia, which covers the Wigetty prospect (an ilmenite-magnetite-apatite deposit), the historic Malbooma gold working and other un-named gold prospects, and various base metal and rare earth element prospects.
UraniumSA has also progressed exploration on its Satisfaction Bore and White Nose Bore prospects, within the Muckanippie EL. The company’s two EL Applications (ELAs) remain on foot, and we hope they will be granted by the South Australian government very soon."
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I'm hoping/looking for at least a bagger or two in this one in the near term imho
sp pivot point @.008c hit yesterday with technical's showing positive macd, rising stochastics and RSI etc. Cheers tela
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