Additional Information
Market: ASX
Sector: General Mining - Uranium & Lithium
EPIC: MEY
Latest Price: A$0.01  (8.33% Ascending)
52-week High: A$0.05
52-week Low: A$0.01
Market Cap: A$7.06M
1 year chart
1 day chart
Watchlist/Portfolio

Add to watchlist:

Only registered members can add into watchlist !

Register here !
Marenica Energy
www.marenicaenergy.com.au

Marenica Energy's  (ASX: MEY) strategy is to focus on the evaluation of the Marenica Project as well as to identify and acquire other uranium opportunities globally.

The Company's principal asset is the Marenica Uranium Project located in the uranium rich Damara Province in Namibia. The project covers 527sq km, with high prospectivity for both secondary and primary uranium deposits.

Pdf

West Australia Metals receives encouraging preliminary results from Phillipus Uranium Prospect

6th Oct 2009, 3:49 am West Australia Metals receives encouraging preliminary results from Phillipus Uranium Prospect

West Australian Metals (ASX:WME) has received encouraging preliminary drilling results from the Phillipus prospect at its 80%-owned Marenica uranium project in Namibia.

Phillipus is located 4.5 km north of the company’s Marenica palaeochannel resource and is the first regional exploration target to be tested for primary uranium mineralisation.

Initial probe results indicate a continuous mineralised horizon at Phillipus and, according to the Perth-based company, reinforce the potential to define primary uranium mineralisation at Phillipus and other regional prospects within the Marenica project area.

Drilling is now underway at the Springbok prospect, 2.5 km north west of Phillipus.

Meantime, probing of historical holes drilled by Gold Fields of South Africa continues to upgrade the Marenica palaeochannel resource, with a further infill RC drilling program planned to follow up anomalies from extensional and infill drilling on the western margin of the resource.

Marenica currently hosts an inferred resource of 111 million tonnes grading 140 ppm U3O8 equivalent for a contained 17,000 tonnes or 34 million pounds of U3O8.

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.