LONDON (Thomson Financial) - African Eagle Resources PLC said it has appli
ed for eight licences in two project areas covering a total of 6467 square kilometres in Tanzania and Mozambique and expects them to be granted in the third quarter of this year.
The mineral exploration company said it is reviewing the regional airborne spectrometer data for these new licences.
African Eagle also said it has established a Uranium division to progress its projects and is looking at a number of alternatives to develop its uranium holdings.
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