They arent wasting anytime by the look of the announcement!...

They arent wasting anytime by the look of the announcement! Check out the grades that the neighbouring company is mining at the moment!

6 January 2011
Exploration to Commence on Zambian Near-Production Manganese Projects
Uran Limited (ASX: URA) is pleased to announce the successful completion of its capital raising of
$800,000 via the issue of 36,363,635 million shares at an issue price of $0.022 per share with one
free attaching option exercisable at 8 cents by 13 July 2012.
Uran has entered into a Heads of Agreement with a private South African company, African Asian
Mining Development Limited, whereby it has an option to earn a 51% interest in a number of
manganese projects in Zambia.
Urans participation in the Joint Venture is subject to completion of due diligence within 3 months,
which will include field mapping, geophysical surveys and drilling as announced on 29 December
2010. Exploration is likely to commence within the next week.
The properties include 5 large-scale prospecting licences (LPLs) in the Kabwe, Mansa and
Serenje areas, and 2 small scale mining licences (SPPs) in the Mansa area. Mining of
manganese has been carried out in 2010 on one of the SPPs and has exposed a number of
manganese reefs at or close to surface.