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White Canyon Uranium CEO to progress production at Daneros Uranium Mine in 2009

3rd Jul 2009, 2:12 pm

Near term uranium producer, White Canyon Uranium (ASX: WCU) has a new Managing Director and CEO - Peter Batten - as of this week.

Previously, Batten helmed Bannerman Resources (ASX: BMN,TSX: BAN).  At Bannerman, he developed a sizeable uranium resource in Namibia and steered the company to a listing on the Toronto Stock Exchange (TSX).

Under his guidance the market capitalisation of Bannerman increased significantly.  The Bannerman share price increased from approximately 7 cents after the 3:1 share split to over $4 at one stage.  Batten was also instrumental in the development of another ASX listed uranium company, Berkeley Resources (ASX: BKY).

White Canyon's Daneros Mine has recently received its Permit to Mine from the Bureau of Land Management and the State of Utah on 27 May 2009. Mine operations and decline development have commenced.

The next milestone would appear to be an agreement for treatment of ore produced from Daneros.

In a recent interview, Batten said his plan over the next 12 months was to grow the company through a combination of expansion through exploration of the current assets, new regional exploration of conceptual targets within the current tenement holdings, "and the pursuit and purchase of additional opportunities."

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