Crossland Uranium acquires NT licence

Sydney Morning Herald

Crossland Uranium Mines Ltd has acquired a Northern Territory uranium exploration licence area where uranium mineralisation has been previously identified.

Crossland believes the new area, which is near the company's existing Chilling prospect, has the potential to contain a modest uranium resource.

Crossland acquired the new licence area from Aldershot Resources Ltd, an unrelated, unlisted party.

"The terms of the acquisition remain confidential between the parties but are not material to Crossland," Crossland said in a statement on Thursday.

It was previously drilled by Mobil Energy Minerals Australia, and a joint venture between Total Mining Australia Pty Ltd and the Power Nuclear Corporation of Japan (PNC).

Crossland will re-evaluate the earlier work and expects to undertake detailed ground work during the 2008 dry season.


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