why ril 1/ world top500 invest in uxa's u3o8

RIL-Indias largest private sector company with MC U$40 billion--one of the world top 500 company.

why RIL invest in UXA's NT u3o8 project?

Because UXA's licences (cover 221km2) only 7Km to the worlds third largest uranium mine,Ranger-- having produced 5,420t U3O8 in 2009.

HREE info(not JV with RIL):

Uranium anomalism is also known from outcrops of pegmatite dykes where the presence of heavy rare earth elements (HREE) has been previously documented. At the Swallow-Hof prospect UXA has traced an outcropping zone of pegmatite dykes over a distance of 1.7km containing anomalous
uranium and HREE (Table 2, sample 99054). One sample from the pegmatite also returned 305 ppm Tantalum and 375 ppm Niobium which is considered highly anomalous.


Background info:

Highly Prospective Tenements in Proven Uranium Region
The exploration licences cover 221km2 and share similar geological features with the former Nabarlek open cut uranium mine and the operating Ranger uranium mine, also in Arnhem Land.

Nabarlek, located 7km south of EL 24868, is a high grade unconformity style uranium deposit which produced 11,084t U3O8 (1980-1988) at an average grade of 1.57% U3O8. Ranger, with an average grade of 0.135% U3O8, is the worlds third largest uranium mine, having produced 5,420t U3O8 in 2009.

In addition, UXAs EL 24868 lies approximately 280 metres north of a recent high grade uranium mineralisation discovery, announced by Uranium Equities Ltd (UEL), which reported a high gradeintercept up to 5.20m @ 1.34% eU3O8 at the companys U40 prospect.



The Company plans to embark on a detailed stream sediment and soil sampling program designed to cover the entire tenement package and identify potential mineralised sources of uranium and HREE anomalism. It is planned to complete this program before the end of the year