West Perth-based Uranio has consolidated its ground position near the Mulga Rock uranium deposit in the Eastern Goldfields following the acquisition of the Ponton uranium project from Paladin Energy Ltd.
West Perth-based Uranio has consolidated its ground position near the Mulga Rock uranium deposit in the Eastern Goldfields following the acquisition of the Ponton uranium project from Paladin Energy Ltd.
Paladin has agreed to transfer 100 per cent ownership and management of the project to Uranio, subject to the satisfaction of standard regulatory consents, in return for marketing rights to future uranium production from the area.
Part of the project area lies within the Queen Victoria Spring Nature Reserve and is adjacent ot Uranio's Ponton North project.
Shares in Uranio closed unchanged at 10 cents.
Paladin still holds two uranium projects in WA.
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