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1 year chart

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1 day chart

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Epic & Msn data
Epic FTE
Time: 07:40:11
Mid Price: 2.50
Change Today: 0.00
Change % Today: 0.00
Fifty Two Week High: 9.88
Fifty Two Week Low: 2.00
Market Capital: 11.12
Period & price data
Period Price
Now: 2.50
3 Months ago: 2.50
6 Months ago: 5.88
1 Year ago: 4.70
Additional information
Additional Information
Market: ASX, AIM
Sector: General Mining
News: Latest news
Web Site: Forte Energy
Other Articles: 11-12-200805-12-200828-11-2008

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Forte Energy

Forte Energy is an Australian-based minerals company focused on the exploration, evaluation and development of uranium and energy-related projects worldwide.

Forte Energy has secured an extensive portfolio of uranium projects in the Republics of Guinea and Mauritania in West Africa, where it is pursuing intensive exploration programs during 2007. The Company also holds copper and cobalt interests in Queensland and Western Australia, Australia.
Company information about: Forte Energy
Wednesday, August 13, 2008

Murchison United receives scoping study for Maroochydore Copper Project

It is easy to forget that Murchison United (ASX: MUR, AIM: MUU) does in fact have one interest outside of uranium in West Africa. This morning, the company announced that a scoping study had been completed by its 50% joint venture partner, Aditya Birla Minerals (ASX: ABY) on the Maroochydore Copper Project in Western Australia.  

The scoping study confirmed that the project as it currently stands would not likely support a commercial mine. However, Murchison United also noted that the study did highlight that synergies could be achieved with the nearby Nifty Copper Mine, which is owned by Aditya Birla Minerals.

“While Murchison continues to work with Adity Birla Minerals to advance the Maroochydore Project, the Company remains focussed primarily on the exploration and development of its portfolio of uranium projects in West Africa as the basis for development of a substantial long-term uranium business” the Company stated.

Murchison recently announced an agreement with Areva, the French nuclear heavyweight, on uranium exploration in Mauritania.

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Disclaimer

This document is intended solely for the information of the particular person to whom it was provided by Proactive Investors Australia Pty Ltd and should not be relied upon by any other person. Although we believe that the advice and information which this document contains is accurate and reliable, Proactive Investors Australia Pty Ltd Limited has not independently verified information contained in this document which is derived from publicly available sources, directors and proposed directors and management. Proactive Investors Australia Pty Ltd assumes no responsibility for updating any advice, views, opinions, or recommendations contained in this document or for correcting any error or omission which may become apparent after the document has been issued. Proactive Investors Australia Pty Ltd Limited does not give any warranty as to the accuracy, reliability or completeness of advice or information which is contained in this document. Except insofar as liability under any statute cannot be excluded, Proactive Investors Australia Pty Ltd Limited and its directors, employees and consultants do not accept any liability (whether arising in contract, in tort or negligence or otherwise) for any error or omission in this document or for any resulting loss or damage (whether direct, indirect, consequential or otherwise) suffered by the recipient of this document or any other person.

This document has not been written for the specific needs of any particular person and it is not possible to take into account each investor’s individual circumstances and that investors should make their adviser aware of their particular needs before acting on any information or recommendation. Proactive Investors Australia Pty Ltd Limited, its employees, consultants and its associates within the meaning of Chapter 7 of the Corporations Law may receive commissions, underwriting and management fees, calculated at normal client rates, from transactions involving securities referred to in this document and may hold interests in the securities referred to in this document from time to time.

Disclosure of Interest

Proactive Investors Australia Pty Ltd and its associates may have owned shares in the above company as at the date of the report. This position is subject to change without notice.