Scoping study now due in Mid August. 10,000m drilling program to begin this quarter at Mt Forrest and the recent final drilling results are to be included into the existing magnetite resource.
A Conceptual Exploration Target is currently being devised for the Mukinbudin Project although their website already has this as 500 ? 1,500 ppm U for 10 - 25Mlb contained U3O8. Current worth approx $1.5 billion.
There is some corporate activity happening at Legacy and Hawthorn over a valuation of Mt Bevan with the resource being valued before an investment from Indian company NDMC. Will be interesting to see the valuation and what someone is willing to pay for a stake in the project.
MDX Price at posting:
22.0¢ Sentiment: None Disclosure: Held
