Adelaide, Mar 22, 2007 AEST (ABN Newswire) - Australia's Uran Limited (ASX: URA) says that it remains in discussion with the Czech Government and DIAMO, the State enterprise responsible for running Czech uranium mine, Rozna.
Addressing the 2007 Paydirt Australian Uranium Conference in Adelaide today, Uran's Managing Director, Ms Kate Hobbs, said negotiations were continuing, and that Uran could see a considerable benefit to participation in the mine.
"This mine has already produced 20,000 tonnes of uranium since 1957 and has a strike length of 12 kilometres," Ms Hobbs said.
"It suffers markedly however from a lack of funding over the past 15 years for exploration and maintenance. The mine owners have done a remarkably good job on limited finances, but Uran can see significant potential for modernised technology to extend mine life and improve profitability, given adequate injection of funds," Ms Hobbs said.
Uran is seeking to participate in mining of future reserves at Rozna, which was scheduled to close in 2008. The Australian listed company is also interested in other uranium deposits in the Czech Republic (the world's 5th largest total producer of uranium) which might be suitable feed for Rozna,
This currently includes discussions with the Government and a private company on treating the higher-grade sections of the 60 million tonnes of radioactive waste dumps stockpiled around Pribram.
"The Government is keen to see these relics of past Russian mining cleared away, and we think that we can contribute to that process," Ms Hobbs said.
Uran is also pursuing advanced uranium projects and mines in other countries including the Ukraine, Kazakhstan and Uzbekistan. A Protocol was signed with Ukraine uranium mining body, VostGOK in December, under the supervision of the Department of Fuel and Energy, which enables Uran and VostGOK to carry out a final feasibility study over two previously defined uranium deposits.
Contact
Kevin Skinner
Senior Consultant
FIELD PUBLIC RELATIONS
231 South Road
MILE END SA 5031
Tel: (08) 8234 9555
Fax: (08) 8234 9566
Mob: 0414 822 631
kevin@fieldpr.com.au
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