UXA Resources (ASX:UXA) has launched a non-renounceable pro-rata rights bid to advance exploration on the company’s copper, uranium and the base metals projects in South Australia, New South Wales and Western Australia the present is 10 shares for every 25 held at the 30 August record date, priced at $0.015 per share.
UXA Resources said that the funding injection determination boost exploration at several projects, including: Dome 5 lead-zinc-silver prospect, Mundi Plains/Junction Dam Option Agreement; Polygonum-Mammoth copper-gold prospects, Mundi Plains/Junction Dam Option Agreement and Canning Basin uranium in Western Australia.UXA Resources have an interest in the Mundi Plains and the Junction Dam base metals project which borders New South Wales and South Australia.
Importantly - the project include the Dome 5 MVT style zinc lead detection made by Teck Australia Pty Ltd in a joint undertaking with PlatSearch NL in 2007, UXA Resources has an option agreement with Teck to earn up to 100% of Teck’s attention in a joint venture with PlatSearch and Eaglehawk Geological Consulting Pty Ltd (SA only), who contain the right to retain a 20% interest.
No comments:
Post a Comment