UXA are now trading at the cost of its now 100% owned *Geoscience subsidiary, *PFN tools recent purchase and *cash in the bank (At 6c a share market cap is $10.9 million, ***$11.1 million).
The company has an agreement with Reliance's Australian subsidiary over eight tenements in South Australia in the Northern territory.
UXA continue to evaluate their Crystal Creek uranium find at Ngalia Thrust in the Northern Territory.
They have now moved on to explore later in the year at Myroodah in Western Australia. A very much larger area than Crystal Creek. This area looks quite promising for near surface uranium.
UXA has the advantage of using its Geoscience subsidiary to evaluate and do necessary exploration and drilling.
Look set fair now to head for other tenements.
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