Uramin Share Discussion Threads

[marnewton] 07/6/2007 07:38

A bit Hammer-like on UMN-T




And a back-test on UMN-L

[sagem] 07/6/2007 07:09

MORE GOOD NEWS //////////////

07 June 2007

UraMin Inc.
('UraMin or 'the Company')



NOT FOR DISSEMINATION IN THE UNITED STATESOR FOR DISTRIBUTION TO U.S. NEWSWIRE
SERVICES



High Grade Exploration Drilling Results at the Bakouma Deposit


Recent drilling results for the Patricia Deposit at Bakouma in the Central
African Republic include the following high grade U3O8 intersections over widths
in excess of 22 meters:



• Borehole PRC061; 54m at 0.36% U3O8 from 39m depth
• Borehole PRC065; 22m at 0.61% U3O8 from 19m depth including 3m at 1.32%
U3O8 from 25m depth
• Borehole PRC074; 43m at 0.27% U3O8 from 48m depth
• Borehole PRC075; 30m at 0.28% U3O8 from 52m depth and 36m at 0.20% U3O8
from 89m
• Borehole PRC078 24m at 4.17% U3O8 from 53m depth including 10m at 9.06%
U3O8 from 55m
• Borehole PRC083; 62m at 0.81% U3O8 from 61m including 11m at 15.16% from
112m



Ian Stalker, Chief Executive, said 'We are delighted with these results which
further underline the high grade nature of this deposit. The infill drilling
programme at Patricia is now complete and these results indicate a near surface
deposit that is amenable to open-pit mining and the soft ground suggests low
mining costs. We look forward to completing the feasibility study on track in
2008.'



The highest (>2.5% U3O8) grade samples have been verified by alternative methods
of chemical analysis and the high uranium mineral content has been further
verified by X-ray powder diffraction. This latter technique has resulted in the
identification of a number of uranium phosphate minerals that are present as
major constituents in these samples. Because of the unusually high uranium
values in these ore samples further verification is to be undertaken in a
laboratory that specializes in analysis of high grade uranium-bearing ore.

On the 25th April 2006 an Independent Interim Mineral Resource classified in
accordance with the CIMM (2000) guidelines for the Patricia Deposit, Bakouma,
Central African Republic was announced. This Inferred Mineral Resource of 5.7
Million tonnes at an average grade of 0.20% U3O8 containing 12,000 tonnes U3O8
(26.0 Million lbs U3O8) using a cut-off grade of 1,000 ppm U3O8 was estimated by
AMC Consultants for the Patricia Deposit and represents an increase of 33%, (7.0
Million contained lbs U3O8), over the historical Mineral Resource estimate.

Infill drilling is now complete taking the deposit from a 100m by 50m grid to a
50m by 50m grid spacing. Assay results for 35% of the 96 infill RC holes have
now been received.



Drilling is progressing on schedule as part of the Definitive Feasibility Study
being conducted on behalf of UraMin by GRD Minproc. A NI 43-101 compliant
resource for the entire Bakouma Project is expected in Q3 of 2007.





Exploration Program



The Bakouma Uranium Project consists of ten documented uranium deposits in close
proximity to one another. A review of prior technical studies conducted by
Compagnie des Mines d'Uranium de Bakouma and Societe de l'Uranium Centrafricain
between 1969 and 1977 reveals a historical non NI 43-101 compliant mineral
resource of 6,915,000 tonnes at an average grade of 0.27% U3O8 containing an
estimated 18,000 tonnes (41 million lbs U3O8) of U3O8 at a cut of grade of
1000ppm U3O8.



Over the past nine months, UraMin has completed 34,835 meters of reverse
circulation percussion drilling in 542 holes. Of these, a total of 171 drill
holes have been completed in the Patricia deposit aggregating 15,199 meters of
which 67 holes aggregating 5840 meters represents the 100 meter by 50 meter grid
data and the balance, being the infill drilling designed to convert a proportion
of the deposit to the indicated mineral resource category or better. A further
371 drill holes aggregating 19,636 meters have been drilled in the Pama, Pato,
Paloma and Fosse deposits thus far and additional drilling is ongoing.



Mr. G M Greenway, Pr.Sci.Nat. (SACNASP), MSAIMM, MGSSA, of MSA Geoservices (PTY)
Ltd, is the qualified person responsible for the Bakouma drilling program and
has verified the data reported above. Mr. Greenway is an independent consultant
to UraMin, with no interest in the company and has consented to the inclusion in
this announcement of his name in the form and context in which it appears.
Exploration data is acquired by UraMin using best practice quality assurance and
quality control protocols. Reverse circulation percussion chip assay samples are
collected by appropriately qualified personnel and are assayed at SANAS
accredited laboratories in Johannesburg, South Africa; SGS Lakefield Research
Africa (SANAS No. T0169) U3O8 assays are performed using x-ray fluorescence
spectrometry on a pressed powder pellet. Samples containing more than 2,000ppm
uranium are re-analysed by ICP OES utilizing a sodium metaborate fusion, the
conventional XRF technique for high grade samples is unsuitable for Bakouma ore.
A population of very high grade samples (greater than 2.5% U3O8) were analyzed
using X-ray powder diffraction to confirm the abundant uranium phosphate mineral
assemblage. Quality control procedures follow industry best practice and include
the use of blind control samples.







For further information:



Ian Stalker, Chief Executive Officer
Neil Herbert, Finance Director
James Pitman, Vice President Business Development
Tel: [phone]



Nominated Advisor
Canaccord Adams Limited
Robin Birchall
Tyler Broda
Tel: [phone]



Toronto
Steve Vaughan
Tel: [phone]



UK Media Enquiries
Financial Dynamics
Ben Brewerton
Tel: [phone]



Notes to Editors



GLOSSARY


Definitive a comprehensive study of a deposit in which all geological, engineering, operating, economic
and other relevant factors are considered in sufficient detail for it to reasonably serve as
Feasibility study the basis for a final decision by a financial institution to finance the development of the
deposit for mineral production
ICP-OES Inductively coupled plasma optical emission spectroscopy finish - sophisticated electronic
means for determining the elemental content in a sample.
X-ray diffraction X-ray diffraction (XRD) is a nondestructive technique for studying complex materials on a small
scale. XRD analysis can be used to determine the composition of a material, as well as its
molecular and crystalline structure. Mineralogical characterization provides part of the data
required to determine the particular kind of mineral deposits encountered in mineral-resource
assessment studies.
CIMM Canadian Institute of Mining and Metallurgy
tU Tonnes uranium
Lb Pound
U3O8 Triuranium octaoxide
Uranium heavy silvery-white metallic element found in several minerals, notably uraninite and carnotite


UraMin (www.uramin.com) was established in 2005 to acquire and develop mineral
properties, predominantly uranium. Following the private placement the Company
currently working capital of approximately US$300 million and a market
capitalization of approximately US$1.9 billion on an undiluted basis. UraMin
(www.uramin.com) is traded on the Alternative Investment Market of the London
Stock Exchange plc and the Toronto Stock Exchange under the symbol UMN.



UraMin is currently focusing on the development of its advanced stage
exploration projects at Trekkopje in Namibia, Bakouma in the Central African
Republic and Ryst Kuil in South Africa. Through a South African joint venture,
UraMin also enjoys additional prospecting license applications for important
uranium deposits in the Karoo, South Africa. No assurance can be given that
remaining applications for prospecting licences will be successful.







Forward-Looking Statements:



This press release contains statements that are 'forward-looking'. Generally,
the words 'expect,' 'intend,' 'estimate,' 'will' and similar expressions
identify forward-looking statements. By their very nature, forward-looking
statements are subject to known and unknown risks and uncertainties that may
cause our actual results, performance or achievements, or that of our industry,
to differ materially from those expressed or implied in any of our
forward-looking statements. Statements in this press release regarding the
Company's business or proposed business, which are not historical facts, are
'forward looking' statements that involve risks and uncertainties, such as
estimates and statements that describe the Company's future plans, objectives or
goals, including words to the effect that the Company or management expects a
stated condition or result to occur. Since forward-looking statements address
future events and conditions, by their very nature, they involve inherent risks
and uncertainties. Actual results in each case could differ materially from
those currently anticipated in such statements.



Investors are cautioned not to place undue reliance on forward-looking
statements, which speak only as of the date they are made.






This information is provided by RNS
The company news service from the London Stock Exchange BXGGGRL


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Investegate takes no responsibility for the accuracy of the information within this site. The announcements are supplied by the denoted source. Queries of this nature should be directed to the source. Investegate reserves the right to publish a filtered set of announcements. NAV, EMM/EPT, Rule 8 and FRN Variable Rate Fix announcements are filtered from this site.

[lowersharpnose] 06/6/2007 23:22

Papillon,

The amount of bottle you show is also dependent on the percentage of you funds you have invested.

I am thinking of adding a few more.

rgds
lowerSharpnose

[papillon] 06/6/2007 23:17

By the way hifkdmer you forecast 8p for URA today. Slight error of judgement on your part!!

[papillon] 06/6/2007 23:15

Hope you bought some UMN today hifkdmer!! Grades as high as 15.16% at Bakouma and amenable to open cast mining as well. I control 23412 UMN shares. I did have a lot more but its not wise to have all your eggs in one basket. I think that shows my bottle hifkdmer!!

[hifkdmer] 06/6/2007 22:13

we already know you have no bottle.
No need to announce it to the whole world aswell!!

[papillon] 06/6/2007 22:01

Many thanks, Martin for chart info. Bakouma update definitely gave a lift to TSE:UMN. Will definitely open higher tomorrow. Some fantastic grades reported. Bakouma has all the makings of a star. Was tempted to add LSE:UMN around 4pm but didn't have the bottle.

[vanbrussel] 06/6/2007 21:30

Interesting: China National Uranium Company (CNUC) pulled out of Madaouela because they failed to obtain Areva data.

Uramin was approached by State-owned China National Nuclear Corporation (CNNC) on the 21/05/07

Ivanhoe was awarded the Madaouela concessions on 26/05/07

-------------------------------------------------------------------------------------

NIGER: Areva Won't Hand Over Madaouela Data

Areva failed to win the huge Madaouela uranium concession south east of its own Arlit mine in Niger but it nonetheless looks set to cling jealously to its geological data on the property. That's a hitch that will shortly face Ivanhoe Mines, new holder of the Madaouela concession which has been split into four blocks, Madaouela 1, 2, 3 and 4.

The Canadian group headed by Robert Friedland, which has teamed up with Rio Tinto and Mitsui in gold and copper in Mongolia, was awarded the rights on May 26. While Ivanhoe was bargaining in one office in the mines ministry, Rio Tinto, which operates the Rossing uranium mine in Namibia and has been seeking rights in Niger for months, was trying in vain in another office to persuade officials to award Madaouela to it.

Rights to Madaouela had been held for some months by the China National Uranium Company (CNUC) but the group decided to pull out because of its failure to obtain the geological data which identified resources on the concession. This remains in the hands of Areva, the pioneering uranium operator in the country. On May 2, the agreement with CNUC was cancelled by decree and the race for the block began.

In the package, Ivanhoe was also awarded the Anou Melle permit (396 sq km) to the south west of Areva's mines, and which was also coveted by the French nuclear energy giant. In pursuing its operations in Niger, Ivanhoe, which has been advised by the Gide Loyrette Nouel law firm, will call on the services of Govi High Power Exploration, an affiliate of the Ivanhoe group that has developed a special technology for exploring mining resources. Govi is headed by Govind Friedland, son of Robert Friedland, who was received by president Mamadou Tandja at the end of May. It now remains for Ivanhoe to start prospecting operations to pinpoint the property's resources. This will be done by Goviex Niger Holdings Ltd., a new company set up to operate Madaouela and Anou Melle.

© Copyright 1982-2007 Indigo Publications. Reproduction prohibited (photocopy, Intranet, web, etc.) without written permission.

[lowersharpnose] 06/6/2007 20:36

Here it is:

High Grade Exploration Drilling Results at the Bakouma Deposit



Recent drilling results for the Patricia Deposit
at Bakouma in the Central African Republic include the following high grade
U(3)O(8) intersections over widths in excess of 22 meters:


- Borehole PRC061; 54m at 0.36% U(3)O(8) from 39m depth
- Borehole PRC065; 22m at 0.61% U(3)O(8) from 19m depth including 3m at 1.32% U(3)O(8) from 25m depth
- Borehole PRC074; 43m at 0.27% U(3)O(8) from 48m depth
- Borehole PRC075; 30m at 0.28% U(3)O(8) from 52m depth and 36m at 0.20% U(3)O(8) from 89m
- Borehole PRC078 24m at 4.17% U(3)O(8) from 53m depth including 10m at 9.06% U(3)O(8) from 55m
- Borehole PRC083; 62m at 0.81% U(3)O(8) from 61m including 11m at 15.16% from 112m
Ian Stalker, Chief Executive, said "We are delighted with these results
which further underline the high grade nature of this deposit. The infill
drilling programme at Patricia is now complete and these results indicate a
near surface deposit that is amenable to open-pit mining and the soft ground
suggests low mining costs. We look forward to completing the feasibility study
on track in 2008."
The highest ((greater than)2.5% U(3)O(8)) grade samples have been
verified by alternative methods of chemical analysis and the high uranium
mineral content has been further verified by X-ray powder diffraction. This
latter technique has resulted in the identification of a number of uranium
phosphate minerals that are present as major constituents in these samples.
Because of the unusually high uranium values in these ore samples further
verification is to be undertaken in a laboratory that specializes in analysis
of high grade uranium-bearing ore.
On the 25th April 2006 an Independent Interim Mineral Resource classified
in accordance with the CIMM (2000) guidelines for the Patricia Deposit,
Bakouma, Central African Republic was announced. This Inferred Mineral
Resource of 5.7 Million tonnes at an average grade of 0.20% U(3)O(8)
containing 12,000 tonnes U(3)O(8) (26.0 Million lbs U(3)O(8)) using a cut-off
grade of 1,000 ppm U(3)O(8) was estimated by AMC Consultants for the Patricia
Deposit and represents an increase of 33%, (7.0 Million contained lbs
U(3)O(8)), over the historical Mineral Resource estimate.
Infill drilling is now complete taking the deposit from a 100m by 50m
grid to a 50m by 50m grid spacing. Assay results for 35% of the 96 infill RC
holes have now been received.
Drilling is progressing on schedule as part of the Definitive Feasibility
Study being conducted on behalf of UraMin by GRD Minproc. A NI 43-101
compliant resource for the entire Bakouma Project in Q3 of 2007....

rgds
lowerSharpnose

[mad jack mcmad] 06/6/2007 20:26

It's certainly picked up on Toronto

[relko] 06/6/2007 20:25

cyberian
Do you have a link?
TIA

[cyberian] 06/6/2007 19:38

Heck...should have bought buckets more late today as in Canada the company has just announced highest grades at Bakouma....apparently truly remarkable grades and open pit! Pity the market is a tad limp at the moment but looking at relative UK stock market index types we London is not over-valued. PE ratio levels of 12 to 14 ish is NOT excessive. Buy early if not already marked-up pre opening.

[marnewton] 06/6/2007 17:26

Sounds about right pap as far as UMN-T goes.

UMN-L has kept the faith with Dow Theory higher highs and higher lows pretty much all the way up...so I'd say a breach of 303 (intraday) or 306 (EOD) would ring alarm bells...a lower low.

ATB

Martin

[papillon] 06/6/2007 17:07

Currently dropping in Canada. I think support at around 6.6-6.7 is critical on TSE chart for that ascending triangle formation to hold. Do you agree Martin? Also if we drop through 315p , or thereabouts, on LSE then recent uptrend is broken.

[sagem] 06/6/2007 06:01

THIS IS INTERESTING///////////////////

Evolution looks at the ramification of the firm's mooted talks with the Chinese authorities.
Broker says: 'Ongoing discussions have been taking place for around a year now. Whilst discussion may result in off-take agreements they could also results in the outright purchase of the business. UMN has accelerated its exploration and development programme recently.
'We believe this could drive a substantial increase in compliant resources from around 160m lbs U3O8 towards management estimates of around 236mlbs.
'Trading on around $14/lb (on the basis of current compliant resource and assuming larger than anticipated capex of $700m) the shares appear attractively at around a 20% discount to peers.'

[mad jack mcmad] 05/6/2007 14:47

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES


URAMIN AND NORTHWESTERN JOINT VENTURE ANNOUNCES
US$19 MILLION PRIVATE PLACEMENT


June 5, 2007 - UraMin Inc. (TSX: UMN; AIM: UMN) and Northwestern Mineral
Ventures Inc. (TSX-V: NWT) and are pleased to announce that the joint venture
company they have agreed to form has entered into an agreement with Haywood
Securities (UK) Limited for a private placement to raise gross proceeds of US$19
million. The proceeds of this private placement will be used to fund the
activities of the joint venture company, which will advance eight highly
prospective uranium concessions in Niger, as detailed in press releases dated
June 4, 2007. At closing, the joint venture company will have a treasury in
excess of US$30 million.

The private placees will acquire a total of 23% of the joint venture company,
while Northwestern and UraMin will each maintain a 38.5% interest. The
formation of the joint venture company remains subject to the receipt of all
regulatory approvals, including the approval of the TSX Venture Exchange.

At closing, Haywood Securities (UK) Ltd. will be paid a 6% cash commission on
gross proceeds. Haywood will also be granted broker warrants equivalent to 6%
of the private placement financing at the private placement price. These
warrants will expire 24 months from the closing date.


ABOUT NORTHWESTERN:

Northwestern Mineral Ventures (www.northwestmineral.com) is an international
resource exploration company with an experienced management team. The company
is focused on properties in Niger and Canada with potential uranium targets.
Northwestern also has a precious and base metal property in Mexico.
Northwestern is listed on the NASD Bulletin Board under the symbol 'NWTMF' and
the TSX Venture Exchange under the symbol 'NWT.'


ABOUT URAMIN:

UraMin (www.uramin.com) was established in 2005 to acquire and develop mineral
properties, predominantly uranium. UraMin is focused on advancing its 100%-owned
Trekkopje uranium project in Namibia to the completed Definitive Feasibility
Study ('feasibility study') stage. A trial mine is planned for the fourth
quarter of 2007 and commercial production is planned for late 2008. The Company
also has a feasibility study underway at its 90% owned Bakouma uranium project
in the Central African Republic and on its 74%-owned Ryst Kuil uranium project
in South Africa. SRK is the lead consultant for the Ryst Kuil Project.

UraMin intends to bring these near surface open pitable projects into
production, utilizing efficient mining and processing methods currently in
practice worldwide in similar deposits in a cost effective manner.

UraMin also has a number of exploration projects in both Africa (Chad, Niger,
Senegal and Mozambique) and joint venture projects in Canada (the Rea Project
within the Athabasca Basin in Alberta and the Labrador Project in Quebec) on
which it is advancing exploration programs that could provide a pipeline of
potentially economic uranium projects for the future.


FURTHER INFORMATION:

UraMin Inc
Ian Stalker Chief Executive Officer
Neil Herbert, Finance Director
Tel: [phone]

[dolphinj] 05/6/2007 10:23

Interesting report from another BB I think it was Vane

[vanbrussel] 04/6/2007 22:41

(04/06/07) Northwestern 18% UP on Uramin-JV News C$0.85

And only a week ago:
(29/05/07) Northwestern reports 1.0% uranium mineralization on its Niger properties

...Northwestern has confirmed that its 100%-owned uranium properties in Niger host high-grade uranium mineralization of up to 1.0% U(3)O(8). Details of the five samples submitted for re-analysis, which returned results ranging from 0.22% to 1.0% U(3)O(8), are provided in the table below:

...In Gall and Irhazer cover 988,000 acres (4,000 square kilometers) of highly prospective land within the same stratigraphy as two operating uranium mines that together provide almost 10% of worldwide production. Niger currently ranks as one of the world's top producers of uranium.

[papillon] 04/6/2007 16:26

Many thanks for info Martin.

[marnewton] 04/6/2007 14:26

Cheers vanbrussel;@)

[marnewton] 04/6/2007 14:23

Hi pap,

As you rightly say Britishbulls is sh*t;@)

Poor data and erroneous content, sums it up.

Yes, the Doji was a warning sign, but the subsequent price action did negate their 'sell if', despite what they now say.

Of course we may have a 'down' day today, even a reversal, but it has not been signalled by the candlesticks.

(Should you wish to investigate candlesticks further the main thing to remember, as with so much charting, is to establish the prior trend, without that the patterns are meaningless.)

UMN-T...it IS shallow, but we have the minimum 4 reversals and we may well trundle to 2/3 the distance from base to apex...but get beyond 3/4 and the power of the breakout (if it comes) will diminish.

I'm still happy to hold.

ATB

Martin

[vanbrussel] 04/6/2007 14:18

Uramin partnering NWT


Northwestern Mineral Ventures Inc. (TSXV: NWT) (OTCBB: NWTMF) today announced that it is partnering with UraMin Inc. in Niger. The two companies have agreed to form a new corporation to advance a total of eight highly prospective uranium properties. Marek J. Kreczmer, Northwestern's President and CEO, will lead the new company.

Northwestern will receive a 50% equity stake in the new company plus a cash payment of C$4.8 million as well as a 3% net smelter royalty on the production of uranium and any other ores and/or minerals produced from its Irhazer and In Gall concessions, which will become two of eight properties in the new company's uranium portfolio. UraMin will contribute six uranium properties and US$15 million in exchange for its 50% equity stake.
Mr. Kreczmer believes the deal is "an exciting development for Northwestern and its shareholders. UraMin has significant experience in building mines across Africa and we are gaining access to their expertise as producers." Mr. Kreczmer also noted that the deal gives Northwestern a sizeable interest in six additional uranium concessions in Niger.

A copy of today's full press release is attached for your review. For a further update, contact us at 866-437-9551, or via email at [e-mail].

On behalf of Northwestern Mineral Ventures Inc.,

Nick Boutsalis
Primoris Group