logo-loader
viewUranex

Uranex Limited poised for graphite push

au_tanzania__350_538e6e5dcd8d3.jpg

Uranex Limited (ASX:UNX) is poised to reposition itself as a graphite focused explorer with the appointment of new leadership, a proposed name change and progressing its Nachu project in Tanzania.

It has appointed Dr Frank Houllis as its chief executive officer and Peter Sarantzouklis as its non-executive director.

The company has also committed to changing its name, which has yet to be decided, at the next Annual General Meeting.

Memorandum of Understanding discussions for offtake are progressing and drilling is poised to begin that will allow the company to estimate a Resource by November.

Previous metallurgical work on samples taken from Nachu had produced a graphite concentrate of 99.4% using a caustic bake process.

Uranex is current capitalised at circa $37 million, with further potential upside as more exploration and development is conducted at Nachu.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Quick facts: Uranex

Price: - -

ASX:UNX
Market: ASX
Market Cap: -
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Alkane Resources Ltd's Nic Earner updates on demerger progress and next...

Alkane Resources Limited’s (ASX:ALK) Nic Earner recaps on plans to split subsidiary Australia Strategic Materials which houses their Dubbo project and JV in Korea from its gold business which will remain as Alkane. Earner also updates on work at Tomingley as well as recent results from the...

6 hours, 36 minutes ago

2 min read