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Additional information
Additional Information
Market: ASX
Sector: General Mining
Epic: ASX:NTU
News: Latest news
Web Site: Northern Uranium
Other Articles: 03-02-201022-12-200902-07-2009

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Saturday March 13, 08:47Premium risk at Prudential

Insurance giant Prudential has stolen the headlines this week, after their decision to buy AIA, the Asian life business of US insurer AIG, has attracted a mixed response from shareholders.

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Friday March 12, 07:58Lithium and rare earths markets poised for growth

Right now, the world relies almost completely on China for its rare-earth supply. The Chinese have made it clear that they want to keep more supply for themselves as they try to be the world leader in green technology

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Friday March 12, 07:51White Energy enters coal deal with China Guodian Group

White Energy Company (ASX: WEC; OTCQX: WECFY) has inked a non-binding heads of agreement with state owned Guodian Inner Mongolian Energy Sources Co Limited to develop a coal upgrading [...]

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Northern Uranium

Northern Uranium

Northern Uranium (ASX: NTU) is an Australian based company exploring for uranium in Western Australia (‘WA’) and the Northern Territory (‘NT’).   The company’s primary focus is on its Gardiner-Tanami Super Project, comprising some 9,950 square kilometres of tenements in the Granites-Tanami region of WA and the NT.  Northern Uranium’s other projects also lie within WA and the NT and cover several different styles of uranium mineralisation.

Thursday, July 02, 2009

Northern Uranium tucks away $1.1 million for high priority Gardiner-Tanami target

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Northern Uranium (ASX: NTU) has raised $1.12 million via a placement of 7.5 million shares at 15 cents each to institutional and sophisticated investors.

Funds raised will be used to to fund exploration at Northern Uranium’s Gardiner-Tanami project.

On-ground exploration has recommenced at Northern Uranium's 100% owned Gardiner-Tanami project in northern Australia.

Northern Uranium has been exploring for unconformity related uranium deposits in the area since 2007 with French nuclear group Areva NC. The Gardiner-Tanami project covers an area of approximately 10,000km2 centred on the WA-NT border 200km southeast of Halls Creek.

Exploration to date has been focused on pinpointing the highest quality targets using a ‘whole of project’ approach. This reflects Areva’s experience and success in Canada within the Athabasca Basin which hosts the world’s highest grade unconformity-related uranium deposits.

French owned global uranium heavyweight Areva NC holds 8,500,000 shares in Northern Uranium or 16.8% of the company.

The Gardiner-Tanami area is also compared favourably with the Alligator Rivers region in the NT where the Ranger mine, Australia’s largest operating uranium mine, is located.

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