Uranium Exploration Australia

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Uranium Exploration Australia Limited (UEXA) has been established to explore for, locate and develop commercial grade uranium mineralisation and associated copper and gold.

INVEST

Uranium Exploration Australia (Uranium)

IPO -

Uranium Exploration Australia Limited (UEXA) has been established to explore for, locate and develop commercial grade uranium mineralisation and associated copper and gold. The initial focus is on exploration in key target areas in Australia.

UEXA has 16 exploration licence areas under application (ELAs). UEXA has 100% interest in all applications. Of these applications,

  • Six ELAs have been offered as Exploration Licences
  • Seven ELAs are proximate to the world’s largest known uranium deposit at Olympic Dam, South Australia
  • Three of the seven South Australian ELAs are close to the recent gold/copper discoveries at Prominent Hill and Carrapateena
  • Two ELAs contain previously drilled uranium mineralisation
  • Six ELAs are in the Northern Territory.

Highlights of UEXA’s Exploration Strategy

  • Focus on known economic uranium provinces
  • Development of new geological models using digital databases
  • Identification of prospective zones for targeted exploration
  • Drilling of appropriate targets
  • Identification of commercially attractive deposits

Highlights of the Offer

  • Fully underwritten minimum 20 million Shares at 20 cents per Share to raise A$4,000,000
  • Maximum subscription 30 million Shares at 20 cents per Share to raise A$6,000,000
  • Each Share on Offer with an attaching 1-for-2 March 2008 Option

*This does not constituent an offer*

Summary of Total Offer

Unit Price: A$0.20
Total Units on Offer (up to): 30,000,000
Raising: $A6,000,000

Head Broker:

Barry Dawes
bdawes@mpsecurities.com.au
+61 2 9222 9111

About this Capital Raising

  • IPO
  • October 28, 2005 17:00
  • $A6,000,000