Arafura Resources ARU (market cap $485m at $1.32 a share) and Deep Yellow DYL (market cap $276m at 24.5c a share), have an increasing reason for interest in minnow UXA Resources (market cap $11.5m at 3.7c a share).
UXA have the Joint venture agreement with RIL Australia (subsidiary of Reliance of India a Fortune 500 company) and the Nabarlek tenements are close to the Ranger mine and Uranium Equities uranium find at Nabarlek in the Northern Territory. UXA have interests and a joint venture in The Canning Basin, WA and at Yambla in the Northern Territory. They also have put out tenement in South Australa to Straights Resources. UXA's GAA Wireline have recently signed a two year agreement for Uranium exploration in The United States and has contracts in Australia.
UXA Price at posting:
3.5¢ Sentiment: ST Buy Disclosure: Held