Mega Uranium reports mining lease granted
Mon, Oct 19, 2009
Mega Uranium reports the Western Australia Department of Mines and Petroleum has granted its subsidiary, Redport Exploration a Mining Lease for its Lake Maitland uranium project, WA.
The granting of the ML is a major step in the permitting process for the Lake Maitland project, which is now at the Definitive Feasibility Study stage and on schedule to commence uranium production in early 2012. With the ML now in place, Mega will increase its development and test work activities on the site, including trenching, bulk sampling for metallurgical studies, water studies and other project development work. The results of this work will be incorporated in the Definitive Feasibility Study, which is scheduled for completion by end of June 2010, and the Environmental Review and Management Program, which is scheduled for submission by end September 2010.
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Tags: Lake Maitland uranium project, Mega Uranium, Mega Uranium Ltd, Uranium, uranium assays, uranium investing, uranium production, uranium sector, uraniummining, uraniumprojects
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