Rum Jungle is a well known U location and highly prospective. plus Alice Springs and Woolner dome all known U resources.
Early days for WAS but have a look what others say.
Uranium
CMR’s extensive holding over the former Rum Jungle uranium mining operation has undeniable
uranium potential and we view this as a significant value driver for the company as exploration
progresses and resources are built. This potential is further enhanced given that CMR retain
100% of the uranium rights under the JV agreements with HNC.
CMR’s stated uranium resource target is over 50mlbs of U3O8 by 2009. Historic uranium
production from the Rum Jungle District was 10.4mlbs.
During CY06, CMR released an initial Inferred Resource for Mt Fitch of 18.3mt at 0.036% for
14.5Mlbs of U3O8.
Rum Jungle is a well known U location and highly prospective....
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