
- WORLD EDITIONAustraliaNorth AmericaWorld
September 03, 2024
C29 Metals expands Ulytau Uranium Project with new tenement (~39km²), strong local support, and a Social Support Agreement signed. Exploration Approvals Advancing.
C29 Metals Limited (“C29” or the “Company”) is pleased to announce that its application for the northern tenement has been granted in 48 calendar days.
HIGHLIGHTS
- C29 Metals has received notification that’s its application for the northern tenement for the Ulytau Uranium Project located in Kazakhstan has been granted.
- The tenement granting process has been completed in 48 calendar days further demonstrating the efficiency of the Government agencies and their support for the Company’s activities.
- The northern tenement sits to the north of the Ulytau Uranium Project tenement and immediately north of the historic Bota Burum Uranium mine.
- The northern tenement is interpreted as having a similar mineralised trend to that of the existing Ulytau Project area1.
- C29 Metals will immediately commence the exploration approval process for this new northern tenement.
- The approval for the Company’s planned exploration drilling programs at the Ulytau Uranium Project is at an advanced stage & is on track.
The Northern application sits to the north of the Ulytau Uranium project tenement and immediately North of the historic Bota Burum Uranium mine. The Northern licence application area is ~39 km2.
The northern tenement is interpreted as having a similar mineralised trend to that of the existing Ulytau Project area1.
C29 Metals Managing Director, Mr Shannon Green, commented:
“Another very exciting step in executing our stated strategic plan for rapid growth with this highly prospective application being granted in such a rapid timeframe. Continuing to demonstrate the positive operating environment in Kazakhstan and the support the Company is receiving”.
Figure 1 below shows the interpreted mineralised uranium trend with the newly granted tenement.
Figure 1 – The interpreted mineralised Uranium trend with the new granted tenement.
Project Location and History
The Ulytau Uranium Project is located in the Almaty Region of Southern Kazakhstan approximately 15 km southwest of the Bota-Burum mine, one of the largest uranium deposits mined in the former Soviet Union. Exploration for uranium has been carried out in the area since 1953. Production of Uranium at the Bota Burum mine next to the village of Aksuyek commenced in 1956 and continued until 19912.
Total mined reserves of Bota Burum are quoted at 20,000 tonnes of Uranium (44 million pounds)2,3.
Click here for the full ASX Release
This article includes content from C29 Metals Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
C29:AU
Sign up to get your FREE
C29 Metals Investor Kit
and hear about exciting investment opportunities.
- Corporate info
- Insights
- Growth strategies
- Upcoming projects
GET YOUR FREE INVESTOR KIT
The Conversation (0)
15 August 2024
C29 Metals
Sign up to get your FREE
C29 Metals Investor Kit
and hear about exciting investment opportunities.
- Corporate info
- Insights
- Growth strategies
- Upcoming projects
GET YOUR FREE INVESTOR KIT
Uranium exploration in top producing, mining-friendly jurisdiction of Kazakhstan
31 July
Quarterly Activities/Appendix 5B Cash Flow Report
C29 Metals (C29:AU) has announced Quarterly Activities/Appendix 5B Cash Flow ReportDownload the PDF here. Keep Reading...
01 July
C29 Metals shifts focus to Mayfield Copper Project
C29 Metals (C29:AU) has announced C29 Metals shifts focus to Mayfield Copper ProjectDownload the PDF here. Keep Reading...
11 May
Multiple New Multi-Commodity Targets
C29 Metals (C29:AU) has announced Multiple New Multi-Commodity TargetsDownload the PDF here. Keep Reading...
04 May
C29 Signs Binding HOA to Drive Growth
C29 Metals (C29:AU) has announced C29 Signs Binding HOA to Drive GrowthDownload the PDF here. Keep Reading...
30 April
Quarterly Activities/Appendix 5B Cash Flow Report
C29 Metals (C29:AU) has announced Quarterly Activities/Appendix 5B Cash Flow ReportDownload the PDF here. Keep Reading...
02 October
Western Australia Reviews Uranium Mining Ban as Nuclear Energy Investment Grows
Australia’s uranium sector remains shaped by state-based rules, with Western Australia maintaining a ban on new uranium mining licenses since 2017.While projects approved before the ban were allowed to proceed, no new developments have been permitted, however things could be changing. Premier... Keep Reading...
02 October
Global Uranium and Enrichment Limited Reports: Pine Ridge Uranium Project Continues to Deliver Encouraging Exploration Results
Global Uranium and Enrichment Limited (ASX: GUE, OTCQB: GUELF, Global Uranium, GUE or the Company) is pleased to announce that Powder River Basin LLC (Powder River) — a 50/50 joint venture between Global Uranium and Snow Lake Energy (NASDAQ: LITM), has completed another 15 holes (now a total of... Keep Reading...
02 October
Lo Herma Resource Drilling Timing Confirmed
American Uranium (AMU:AU) has announced Lo Herma Resource Drilling Timing ConfirmedDownload the PDF here. Keep Reading...
25 September
Lo Herma Resource Expansion Drilling Approved
American Uranium (AMU:AU) has announced Lo Herma Resource Expansion Drilling ApprovedDownload the PDF here. Keep Reading...
24 September
Proposed Purchase of Uranium and Placing of New Ordinary Shares
Yellow Cake plc (AIM: YCA) ("Yellow Cake" or the "Company"), a specialist company operating in the uranium sector founded by Bacchus Capital Advisers ("Bacchus Capital"), holding physical uranium ("U3O8") for the long term and engaged in uranium-related commercial activities, today announces its... Keep Reading...
Latest News
Sign up to get your FREE
C29 Metals Investor Kit
and hear about exciting investment opportunities.
- Corporate info
- Insights
- Growth strategies
- Upcoming projects
GET YOUR FREE INVESTOR KIT
Latest Press Releases
Related News
TOP STOCKS
American Battery4.030.24
Aion Therapeutic0.10-0.01
Cybin Corp2.140.00