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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Murchison Utd | LSE:MUU | London | Ordinary Share | AU000000FTE4 | NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.00 | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
MURCHISON UNITED NL ACN 009 087 852 ASX CODE: MUR, AIM CODE: MUU, Telephone: +618 9322 4071, Fax: +618 9322 4073 ASX, AIM and Media Release 16 July 2007 COMMENCEMENT OF RC DRILLING AT MAROOCHYDORE COPPER PROJECT Murchison United NL (ASX: MUR, AIM: MUU) is pleased to announce that a program of Reverse Circulation (RC) percussion drilling will commence this week at its Maroochydore Copper Project Joint Venture in Western Australia. The Maroochydore Project is a Joint Venture with Aditya Birla Minerals Limited (ASX: ABY). The program, comprising 13 holes for 1,500 metres, is designed in part to confirm the existing JORC compliant resource at the Maroochydore Project of 50 million tonnes @ 1% Cu for 0.51 million tonnes of contained copper and 20,000 tonnes contained cobalt (at a 0.5% Cu cut-off). All RC holes will be drilled within the existing resource boundary. Due to the limited availability of the RC drill rig, it may not be possible to complete the full program in the short term. The results of the drilling will be released to the market when available. A six-hole diamond drilling program has also been planned to further confirm the resource and provide samples for metallurgical test work. The timing of this program is dependent on rig availability. The Maroochydore Copper Project is strategically located 100km southeast of Aditya Birla's Nifty Copper Mine, near Telfer, WA. Murchison is continuing to focus on the exploration and evaluation of its portfolio of uranium projects in West Africa. Please call Mark Reilly with any queries. Mark Reilly Managing Director The information on Mineral Resources for the Maroochydore project has been reproduced from the public reporting on the project's Mineral Resource's by the project operator, Aditya Birla Minerals Ltd (ASX: ABY). This reported Mineral Resource was signed off for Aditya Birla Minerals Ltd by Mr Ian Glacken of Snowden Mining Industry Consultants. Murchison's Nominated Advisor for the AIM market is RFC Corporate Finance Ltd. Contact: Stuart Laing, Ph: +618 9480 2506 Murchison United N.L
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