Uranium Resources Plc Regulatory News (URA)

7 Jun 2007 14:24

Uranium Resources PLC07 June 2007 Uranium Resources plc / Market: AIM / Epic: URA / Sector: Exploration 7th June 2007 Uranium Resources plc ('Uranium Resources' or 'the Company') AGM Statement Uranium Resources plc, the AIM listed uranium exploration and developmentcompany, held its AGM today and all resolutions were duly passed. At the meeting, Director Ross Warner made the following statement: "The last year has seen many developments for Uranium Resources as we continuedto implement our strategy of becoming a significant uranium company focussed inTanzania. We have made considerable progress in advancing our portfolio with thelatest acquisition of licences increasing our land area to circa 14,000sq km,primarily in the highly prospective Karoo Basin. With an active developmentprogramme and a Joint Venture and development partner in the form of WesternMetals, we feel that we are ideally placed to aggressively progress ourexploration activities over 2007. "Following the end of the wet season and construction of 12 kilometres of drillaccess tracks, we have re started our exploration programme with a reversecirculation drilling programme on our Mytona project in southern Tanzania.Initially, 4,000 metres of drilling is scheduled for June on several areas ofuranium anomalies on the Mtonya licence areas, including the Henri prospect,which has yielded uranium grades of up to 2.7% U308 from channel samples insurface trenches. With regards to results, the first assay's from previousdrilling are due out early August this year. "Additionally as our company expands its operations we have decided to dual liston the ASX. We feel this will increase our exposure in the Australian investmentcommunity and in turn enhance shareholder value". **ENDS** For further information please visit www.uraniumresources.co.uk or contact: Ross Warner Uranium Resources plc Tel: 07760 487 769 James Pratt Uranium Resources Plc Tel: 07747 832043 Hugh Warner Uranium Resources Plc Tel: +618 9388 3006 Hugh Oram Nabarro Wells & Co. Limited Tel: 020 7710 7400 Hugo de Salis St Brides Media & Finance Ltd Tel: 020 7242 4477 Felicity Edwards St Brides Media & Finance Ltd Tel: 020 7242 4477 Notes to editors Uranium Resources plc is an AIM listed uranium exploration and developmentcompany focused in Southern Africa. The Company has primarily concentrated onexpanding and developing its portfolio of uranium licences in the highlyprospective Karoo Basin in Southern Tanzania where it currently has a landpackage of circa 14,000 sq km. Recent results have been highly encouraging andindicate the economic potential of the region. This information is provided by RNS The company news service from the London Stock Exchange