United Uranium (ASX: UUL) will take up three uranium prospective tenements within the Bremer Basin in Western Australia under an agreement with United Mining Resources.
The three tenements comprise two projects, the Young River Project and the Hyperion Project.
United Uranium will target uranium associated with reduction-oxidation changes in the Middle Eocene palaeochannels.
Uranium mineralisation of this type has been discovered close to the tenements, and the area is similar in age and lithology to that of the Gunbarrel Basin, which hosts Energy and Minerals Australia’s (ASX: EMA) Mulga Rock deposit.
Mulga Rock is Western Australia's largest independently owned uranium resource. Energy and Minerals Australia is targeting production in 2014.
The three tenements comprise two projects, the Young River Project and the Hyperion Project.
United Uranium will target uranium associated with reduction-oxidation changes in the Middle Eocene palaeochannels.
Uranium mineralisation of this type has been discovered close to the tenements, and the area is similar in age and lithology to that of the Gunbarrel Basin, which hosts Energy and Minerals Australia’s (ASX: EMA) Mulga Rock deposit.
Mulga Rock is Western Australia's largest independently owned uranium resource. Energy and Minerals Australia is targeting production in 2014.
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