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Additional information
Additional Information
Market: ASX
Sector: General Mining
Epic: CUX
News: Latest news
Web Site: Crossland Uranium Mines
Other Articles: 03-08-201007-04-201009-03-2010

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Saturday September 04, 06:00Serving up support at Babcock

Support services have been among the worst performing sectors over the past month as revenue fears from the government’s austerity measures weigh heavily on the sector.

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Friday September 03, 11:40 Goldcorp snatches Andean Resources in $3.6bn deal, trumping Eldorado`s earlier bid

Both companies are vying for Andean`s Cerro Negro gold project, which is an advanced-stage, high-grade vein system, comprising 215 square kilometers. It currently has indicated resources of 2.54 million ounces of gold and 23.56 million ounces of silver, while inferred resources total 523,000 ounces of gold and 3.12 million ounces of silver.

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Wednesday September 01, 10:25Green Dragon Gas reports significant growth as China’s thirst for energy continues

China's thirst for energy resources has continued with an increased focus on domestic supplies of gas, Green Dragon Gas chairman Randeep Grewal said today. In the company's interim results, [...]

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Crossland Uranium Mines

Crossland Uranium Mines

Crossland Uranium Mines (ASX: CUX) owns Australian uranium exploration projects in the Northern Territory & South Australia from a group with exceptional experience in uranium from exploration through to development. CUX will focus its efforts on uranium in North Australia.

Tuesday, March 09, 2010

Crossland Uranium Mines ups ante on NT uranium projects

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Crossland Uranium Mines (ASX: CUX) and its joint venture partner, Pancontinental Uranium Corp (TSX: PUC) have agreed on a record exploration budget for the current calendar year.

Crossland Director and CEO, Mr Geoff Eupene, said today the partners had budgeted for a total spend of A$3.3 million on their joint venture projects during 2010.

“This is our highest annual exploration budget since the Crossland-Pancontinental JV was established
in 2007,” Mr Eupene said.

“Of this new budget, A$2.76million, or 82%, will be spent on projects in Australia’s Northern Territory, with Crossland’s flagship projects - Chilling (NT Top End) and Charley Creek (north-west of Alice Springs) - receiving the bulk of this expenditure.

“During 2010, the increased exploration budget will see Pancontinental achieve its required spending of $8 million to earn a 50% interest in the Joint Venture Projects. After that, Crossland and Pancon will share funding of joint venture projects on a 50-50 basis,” Mr Eupene said.

The company is progressing the processing of Crosscontinental’s uranium exploration permit applications in Burkina Faso, and the Company is examining other opportunities elsewhere in Africa and in Europe.

It is likely that additions will be made to the Crosscontinental project portfolio during 2010.

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