More interest seems to focus on results of stream samples at Yambla, NT and the zinc / copper... find at Dome 5, NSW. I understand that the results from Yambla are not being released early due to the debacle last time at Crystal Creek, NT, where surface results were not proven on drilling.
Nabarlek North is the big one for minnow UXA Resources as they already know that Uranium Equities found 6.71% uranium at 6.8 metres at Nabarlek East. This find could be massive if it continues on to UXA's Nabarlek North Licence.
UXA, backed by Reliance's Australian RIL subsidiary, know there will not be any finance problems should there be sufficient uranium on the tenement at Nabarlek North.
Uranium Equities are standing back for a while with their find just 280 metres away from UXA / Reliance's tenement. A mine combination must be in their minds.
UXA's stock price seems to have little in it for a big find at Nabarlek. At 5.1c a share UXA's market cap is under $16 million (cash and value of Geoscience Wireline make up over two thirds of the market cap) and probably discounts a find in the Nabarlek region by 98%.
UXA Price at posting:
4.9¢ Sentiment: ST Buy Disclosure: Held
