Murchison United (MUU) – Quarterly Report

Murchison United (MUU) – Quarterly Report


Uranium Exploration - Mauritania
Wide-ranging Cooperation Agreement signed with Areva NC, one of the world’s largest nuclear energy companies, to expedite uranium exploration in Mauritania, including the potential to form a joint venture following identification of agreed JORC resource.

Areva has acquired initial 5% stake in Murchison, raising A$2.7M, with further 10% stake to be issued in return for access to extensive Mauritanian geological database and provision of technical support.

Meetings being held with Areva to plan further drilling aimed at delineating a substantial uranium resource.

Uranium Exploration - Guinea
Maiden core drilling programme at the Bohoduo Prospect completed, with assay samples despatched for processing. Results will be released when available.

Planning and preparatory works completed for 5,000m diamond drilling programme, scheduled to commence as soon as practicable following the wet season, targeting an initial JORC code compliant resource estimate for Firawa uranium prospect.

Copper Exploration – Australia
Aditya Birla Minerals has announced commissioning of a scoping study including geological review, processing and metallurgy and mine design. Results of the study are expected to be available shortly.

Appointment of Lady Barbara Judge to Murchison board as Non-Executive Deputy Chairman. Lady Judge is a US-trained lawyer and highly experienced international executive, and is currently chairman of the UK Atomic Energy Authority.

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