Nice ann.....nice Real Estate

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  1. 4.3k
    Posts

    Sorry - posted on general by mistake. Still getting used to starting new threads!!

    One of my favourite long termers - some nice new Real Estate.

    313 Payneham Road, Royston Park SA 5070 Australia

    Phone: +61 8 8363 7970 Fax: +61 8 8363 7963

    Email: info@uxa.com.au Web: www.uxa.com.au

    ASX ANNOUNCEMENT

    Monday 4 June 2007

    UXA SIGNS OPTION & JOINT VENTURE AGREEMENT WITH ROSSCRAFT MINERALS

    FOR DRILL READY TARGETS IN SOUTH AUSTRALIA

    UXA MAY SPEND $1.6 MILLION OVER FIVE YEARS FOR STAGED INTEREST TO 75%

    INITIAL DRILLING SCHEDULED TO COMMENCE IN JUNE 2007

    Uranium Exploration Australia Limited (ASX:UXA) has entered into an option and joint venture

    agreement with Rosscraft Minerals Pty Ltd (Rosscraft).

    The agreement is specific to Exploration Licence (EL) 3013 in South Australia. EL 3013 is referred

    to as the Marcollat tenement and is located approximately 50 km west of Bordertown. A location

    map is attached.

    Under the terms of this agreement, UXA has the option to earn 25% interest in the Marcollat

    tenement by spending a minimum of $60K on drilling, and may, at its sole discretion, increase its

    interest in stages to 50% and 75%, by spending up to a total of $1.6 million over five years.

    Geological investigations conducted during the past five years indicate that the basement rocks of

    EL 3013 are similar to the Mount Read Volcanics of western Tasmania and may be an extension of

    this mineral rich geological belt.

    The initial drill target consists of coincident magnetic and gravity anomalies at Clover Ridge with the

    potential for base metals and gold within the basement rocks. The gamma signature in the cover

    sequence, identified in logs from prior exploration drilling, will also be investigated.

    UXA Managing Director Mr Patrick Mutz said This agreement provides UXA with an excellent

    opportunity to access a low risk, drill-ready target to jump start our 2007-2008 drilling program.

    The Company is planning a single reconnaissance hole at Marcollat before beginning its planned

    20,000 metre drill program on UXAs 100% owned tenements, starting in the Gawler Craton in

    South Australia.

    For further information, contact:

    Patrick Mutz

    Managing Director

    URANIUM EXPLORATION AUSTRALIA LIMITED

    Tel: +61 8 8363 7970

    Email: info@uxa.com.au

    Website: www.uxa.com.au

    Media: Farrington +612 9332 4448

    313 Payneham Road, Royston Park SA 5070 Australia

    Phone: +61 8 8363 7970 Fax: +61 8 8363 7963

    Email: info@uxa.com.au Web: www.uxa.com.au

  2. 7
    Posts

    Good afternoon. Yes you are right. Now real estate prices have increased. Therefore, it is hard for me now to find an apartment to buy. I was advised to connecttext message marketing for real estate. So as not to miss a good option. I recommend this to you too. It really works

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