Business
Niger Update
Niger Update.
About this update from Uru Metals Limited
[{"type":"text","content":"\n RNS Number : 8623S Niger Uranium Limited 27 May 2009 \n \n27 May 2009\nNIGER URANIUM LIMITED\n('Niger Uranium' or 'the Company')\n\nNiger Update\n\nWith the anticipated improvement in security in Niger's Uranium producing districts, Niger Uranium expects to resume its exploration programme in October 2009. This would allow the Company to test the numerous targets defined by the radon and geochemical survey carried out in late 2008. As previously announced on 28 August 2008, Niger Uranium has a JORC compliant resource of 4.39 million lbs U3O8 at the In Gall target and currently holds eight prospecting licences in Niger, covering a total area of 6,773 square kilometres.\n\nIan Stalker, Executive Director and Acting Chief Executive Officer, said: 'Niger Uranium's projects are centrally located within one of the world's most important uranium producing districts. The investment climate in Niger remains positive and recent increases in investments in Niger have highlighted the importance of Niger in respect of the global supply of uranium.'\n\n\nContacts:\nNiger Uranium Limited\nIan Stalker, Executive Director and CEO Tel: +27 (0) 11 269-4900\n\nBeaumont Cornish Limited Tel: +44 (0) 207 628 3396\nMichael Cornish\n\nFinance Dynamics\nBen Brewerton/Edward Westropp Tel: +44 (0) 20 7831 3113\n\n\nForward Looking Statements:\nThis press release contains statements that are 'forward-looking'. Generally, the words 'expect,' 'intend,' 'estimate,' 'will' and similar expressions identify forward-looking statements. By their very nature, forward-looking statements are subject to known and unknown risks and uncertainties that may cause our actual results, performance or achievements, or that of our industry, to differ materially from those expressed or implied in any of our forward-looking statements. Sta...