EMA TARGETS 2013 START-UP FOR WA URANIUM PRODUCTION
Energy and Minerals Australia Limited (ASX:EMA), a Western Australian focused uranium development company, has set itself a target of producing uranium in 2013 at the Mulga Rock Deposits (?MRD?) making it one of the first companies to take advantage of the new WA Government?s
pro-uranium policy.
Speaking at the Sydney Mining Club today, EMA Managing Director Chris Davis said that the target was within the Company?s capabilities. A copy of the presentation to the Sydney Mining Club is attached.
?EMA has an advantage over most of the other companies planning uranium developments in WA because we already have a substantial JORC Code compliant ore resource,? he said..
?With very few exceptions, the other companies in our field are in earlier stages of exploration and resource-proving.?
Mr Davis said EMA was planning to commence mining at an annual rate of 1,000 tonnes of U308 from its Ambassador deposit at Mulga Rock, 250 kilometres north-north east of Kalgoorlie.
Ambassador is one of three uranium deposits already identified in EMA?s Mulga Rock tenements.
?We are confident that our continuing exploration programme at the MRD will increase the resource substantially,? he said.
?Clearly, however, it is already big enough to be of global significance in the fight against climate change by reducing the world?s dependence on fossil fuels for electricity generation.?
Chris Davis
Managing Director
5 February 2009
Media Contact:
Warrick Hazeldine
Purple Communications
(08) 9485 1254 / 0417 944 616
About Energy and Minerals Australia
Energy and Minerals Australia (ASX: EMA) is a Perth-based resource development company. EMA?s primary focus is the development of the Mulga Rock Deposits, located about 770 kilometres east-northeast of Perth in Western Australia.
The Mulga Rock Deposits were discovered by the Japanese government company PNC Exploration in the early 1980s. The project offers the advantage of established access to infrastructure such as rail and airstrip, 1,000km of roads and cleared grid lines along with a large water resource.
The EMA package also includes the nearby project areas ? Gunbarrel and Minigwal ? which combined cover more than 2,000km2 of prospective area to provide a large and consolidated landholding in a highly prospective region. The Company has an experienced board and management team, which includes strong geological experience in the eastern Goldfields region.
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