Business
Aflease Gold Ltd. Financial Results for 2006
Aflease Gold Ltd. Financial Results for 2006.
About this update from Uranium One Mining Corp.
[{"type":"text","content":"\n\n\n\nTrading Symbol: SXR - Toronto Stock Exchange, JSE Limited (Johannesburg\n\n\nstock exchange)\n\n\nTORONTO, ON and JOHANNESBURG, South Africa, March 30 /CNW/ - sxr Uranium\nOne Inc. ("Uranium One") announced today that its majority-owned Aflease Gold\nLtd. subsidiary has released audited financial results for the twelve months\nended December 31, 2006. The results are stated in South African Rand.\n\n\nHighlights for the year include the following:\n\n- Headline loss per share of 5.16 cents for 12 months to\n December 31, 2006, compared to a headline loss of 0.42 cents per\n share for the 12 months to December 31, 2005\n- Completed the reverse takeover of Sub Nigel Gold Mining Company\n Limited\n- Share exchange agreement for the acquisition, at the election of\n Aflease Gold, of between 7.5 million and 13 million shares of\n Randgold and Exploration Ltd.\n- Completion of a feasibility study for the Modder East Gold Project\n and commencement of Project construction\n- Increase in indicated resources and probable reserves at Modder East\n - Probable reserves of 7.69 million tonnes grading 5.54 g/t for\n 1.37 million contained ounces of gold (a 28% increase during\n the year)\n - Indicated resources of 22.57 million tonnes grading 3.31 g/t\n for 2.4 million contained ounces of gold (a 19% increase during\n the year)\n - Inferred resources of 13.32 million tonnes grading 2.31 g/t for\n 0.99 million contained ounces of gold (a 3% decrease during the\n year)\n- Upgrade in resources at Sub Nigel\n\n\nCommenting on today's announcement, Neal Froneman, Chief Executive\nOfficer of Aflease Gold, said: "Aflease Gold is making excellent progress at\nModder East, which remains on track for production commencing in 2009. We look\nforward to the re-evaluation of the Modder East feasibility study in line with\nthe recent increase in the Project's mineral resources and reserves, and to\nthe completion of the pre-feasibility study at our Sub Nigel property. In the\nmeantime, the Company is well positioned and will continue to focus on\nachieving a premium market rating through its focus on high margin and low\ntechnical risk assets."\n\n\nAbout Uranium One\n\n\nUranium One Inc. is a Canadian uranium and gold resource company with a\nprimary listing on the Toronto Stock Exchange and a secondary listing on the\nJSE Limit...