Northern Uranium! völlig unentdeckter australischer Uraniumplay mit Areva im Boot! - 500 Beiträge pro Seite

[nosabotas]

14 February 2007
ASX RELEASE

NORTHERN URANIUM IN STRATEGIC ALLIANCE WITH AREVA

Northern Uranium Limited (“Northern” ASX: NTU) is pleased to announce the formation of a
strategic alliance with French nuclear group Areva NC, via its wholly owned subsidiaries,
Cogema Australia Pty Ltd and Afmeco Mining and Exploration Pty Ltd (together “Areva”).
Key Highlights of the Strategic Alliance are:
- placement of 6 million new ordinary shares in the issued capital of Northern to Areva at 80¢ per share, providing Northern with additional funding of $4.8m.
- binding strategic alliance agreement between Northern and Areva where Areva will:
- become operator of uranium exploration and development of the Gardiner-Tanami
Super Project (including Denison Range) (“Gardiner-Tanami”);
- provide requested technical services to support Northern’s exploration efforts in
Australia;
- be granted uranium marketing and offtake rights to all uranium ultimately mined by
Northern which is not otherwise the subject of third party ownership interests; and
- be invited to appoint a nominee to Northern’s Board of Directors.

Areva is the world leader in nuclear power and the only company to cover all industrial
activities in this field. With manufacturing facilities in 40 countries and a sales network in more
than 100, Areva offers customers reliable technological solutions for CO2-free power
generation and electricity transmission and distribution.
Commenting on the Strategic Alliance, Kevin Schultz, the Executive Chairman of Northern,
stated that he was very pleased to have negotiated an agreement with Areva, which offers
technical expertise, a global sales network and, in particular, a successful uranium exploration
and mining record in Canada’s Athabasca Basin. “We see considerable similarities between
the geology of the Athabasca Basin and Northern’s Gardiner-Tanami in the Northern Territory
and Western Australia”, he said.
“I am particularly looking forward to working with Mr Philippe Portella, Managing Director of
Areva’s Australian operating arm, Afmeco Mining and Exploration. Mr Portella was formerly
Uranium Chief Geologist in Areva’s Mining Business Unit, and has great depth of experience in
the Athabasca Basin and in uranium exploration generally.”
Mr Portella, who is expected to be Areva’s nominee to the Board of Northern, commented “The
agreement reached today provides the framework for a strong and fruitful relationship between
Areva and Northern over the coming years.”
“We believe a combination of Areva's wide ranging expertise in the uranium field and
Northern's experienced management team will allow both parties to benefit from Northern's
highly prospective exploration tenements. In addition, Areva is pleased to confirm its
commitment to Northern through the acquisition of a strategic shareholding in the Company,
which also provides Northern with fresh capital to fund expanded exploration of the Gardiner-
Tanami Super Project", he said.
2
Placement
Areva will subscribe for 6m ordinary shares at 80¢/share (“New Shares”). Proceeds of this
raising ($4.8m) will be applied toward expanded exploration of the Gardiner-Tanami Super
Project and working capital. Following the placement, Northern will have cash reserves of
approximately $7.7m.
As a result of the proposed placement Areva will become the third largest shareholder in
Northern with 18.48% of the Northern’s issued capital. Washington Resources Limited
(“Washington” ASX: WRL) and Polaris Metals NL (“Polaris” ASX: POL) will each hold 21.74%.
The placement to Areva is being made within Northern’s placement capacity under ASX Listing
Rule 7.1 and does not require shareholder approval.
Completion under the share placement is conditional on receipt of FIRB approval.
Options Entitlement Issue
Pursuant to previous disclosures provided by Northern, the Board has resolved that within six
months of listing Northern will, subject to compliance with the Corporations Act and ASX
Listing Rules, undertake a non-renounceable rights issue of options on the basis of one option
for every two shares held (“Proposed Options Rights Issue”).
The options will be issued at an issue price of 1 cent ($0.01) per option. These options will
expire on 31 December 2009 and be exercisable at 25 cents ($0.25) per option.
Details of the Proposed Options Rights Issue are set out in Section 10.3 of Northern’s IPO
Prospectus.
Northern further advises that it intends to lodge a prospectus for the Proposed Options Rights
Issue shortly. The record date for acceptances of the offer will be set according to ASX Listing
Rules requirements and in any event no earlier than 7 days after announcement of the
entitlement offer. Investors should note that only shareholders registered on the share register
of the Company at the record date will be entitled to participate in the proposed nonrenounceable
rights issue of options.
Areva has advised Northern that it is its present intention to take up its full entitlement to the
proposed options issue. The New Shares issued to Areva will be entitled to participate in the
Proposed Options Rights Issue.
Areva – Options Acquisition
Areva has advised Northern that it has also entered into binding agreements with Washington
and Polaris to acquire some of their respective options when allotted under the Proposed
Options Rights Issue. Subject to Northern issuing the options, Washington and Polaris have
agreed to subscribe for their respective entitlements and have agreed, subject to completion of
the share placement to Areva, to sell respectively 4 million and 1 million options to Areva at
45¢ per option.
Strategic Alliance
Northern and Areva have entered into a broad ranging strategic alliance which is designed to
provide Northern with an extensive range of services covering most facets of the uranium
production cycle from exploration, through feasibility, mining and marketing of uranium
products. These services will be provided on normal commercial terms.
The immediate benefit of the strategic alliance will be the appointment of Areva as Operator of
Gardiner-Tanami. A review committee comprising equal numbers of both Areva and Northern
staff will be formed to assist Northern with the development of exploration strategies, programs
and budgets across its entire exploration portfolio.
In addition, as part consideration for Areva entering into the strategic alliance, Northern has
granted Areva:
3
• a right to participate pro-rata in all future securities issues made by Northern, for so
long as Areva holds at least 15% of the issued share capital of Northern, subject to
regulatory compliance;
• a right of first refusal over Northern’s Gardiner-Tanami tenement interests in the event
that Northern elects to divest any of its interest; and
• exclusive marketing rights to any uranium production ultimately attributable to Northern
(on normal commercial terms).
The strategic alliance is subject to the placement of the New Shares occurring.
In summarising the strategic alliance and capital injection Kevin Schultz commented;
“Northern’s Board is delighted that it has been able to attract such a well credentialed partner
as Areva to not only assist with our exploration effort but also become a substantial
shareholder in our company”.
“Our fortunes in this alliance are aligned towards our long term goal of finding a world class
uranium deposit in the Gardiner-Tanami province or elsewhere. The injection of additional
funding will complement our existing cash reserves, providing us with a healthy cash balance.
Northern is now in a strong position to rapidly advance its exploration activities in accordance
with this goal.”

INVESTOR INFORMATION
Principal Office:
2nd Floor, 123A Colin Street
West Perth WA 6005
PO Box 669
West Perth WA 6872
Tel: [phone]
Fax: [phone]
Email: [e-mail]
Web: www.northernuranium.com.au
Capital Structure:
Share Price (NTU): $0.70c
Issued Shares: 40m
Market Cap: $28m
Company Management:
Kevin Schultz – Executive Chairman
Adrian Griffin - Non executive Director
Bob Hair - Non executive Director
Colin McCavana - Non executive Director
Robin Wilson – General Manager
For and on behalf of
NORTHERN URANIUM LIMITED
Kevin Schultz
Executive Chairman
Competent Person Declaration
The information in this report accurately reflects information prepared by competent persons (as defined by the
Australasian Code for Reporting of Mineral Resources and Ore Reserves). It is compiled by Mr K Schultz, an
employee of the Company who is a Fellow of The Australasian Institute of Mining and Metallurgy with the
requisite experience in the field of activity in which he is reporting.

[No Use for a Na]

serves!!

nice
nice

bin an board!!

gruß
nufan

[ka.sandra]

richtig klasse unentdeckt.........

[nosabotas]

Antwort auf Beitrag Nr.: 27.990.881 von ka.sandra am 26.02.07 21:45:46

im Vergleich zu vielen anderen gepushten Urantiteln ist das hier noch ein echtes Schnäppchen vorallem wenn man bedenkt wer hier mit im Boot sitzt und Equipment und knowhow zur Verfügung stellt! Die Marketcap. ist auch noch recht niedrig und Areva wird schon wissen warum sie hier eingestiegen sind

[nosabotas]

Der Deal ist vollzogen und Areva sitzt nun mit im Boot! Jetzt hat Northern Uranium 4.8 Millionen Dollar und erfahrene Partner für die Exploration!

[Eichkatz]

Hi all!

Bin auf der Suche nach einem URanwert...soeben durch N-TV auf Areva gestoßen, da es einer der wenigen vollstufen Unternehmen ist, die die gesamte Wertschöpfungskette nutzen.

Wieso gibt es hier denn noch keinen Chart????

[Eichkatz]

Schon klar, der Wert wird nur in Paris gehandelt ....
Wie komme ich daran? Ich habe noch nie im Ausland einen Wert gekauft?

[No Use for a Na]

Antwort auf Beitrag Nr.: 28.152.646 von Eichkatz am 06.03.07 18:51:47

areva gibts uach in frankfurt

sind mit über 660 Euro pro Aktie spottbillig

aja hier im thread geht um NORTHERN URANIUM

[Eichkatz]

Antwort auf Beitrag Nr.: 28.153.110 von No Use for a Na am 06.03.07 19:17:32

OHHHHH....sorry. Einen australischen Explorer hab ich schon, daher werde ich mich dann wohl in den Minithread von AREVA aufmachen

DAnke für die Info und HAPPY TRADING!

[nosabotas]

16 March 2007

PHILIPPE PORTELLA JOINS NORTHERN URANIUM BOARD

Northern Uranium Limited is pleased to announce that Mr Philippe Portella has been appointed as a Non-Executive Director of the Company with effect from 16 March 2007.

Mr Portella, who is also currently the Managing Director and Exploration Manager of Afmeco Mining and Exploration Pty Ltd (“Afmex”), was invited to join the Board following Completion of the agreement of 13 February 2007 in relation to a placement of shares to Areva NC Australia Pty Ltd (formerly Cogema Australia Pty Ltd), as recently announced. Afmex and Areva NC Australia Pty Ltd are Australian subsidiaries of the French nuclear group, Areva NC (“Areva”). Mr Portella was formerly Uranium Chief Geologist in Areva’s Mining Business Unit.

Mr Portella is a geologist with over 26 years of experience in uranium exploration with Areva. He holds a Doctorate in Geology and has wide ranging expertise in the uranium exploration field.
For and on behalf of
NORTHERN URANIUM LIMITED
Kevin Schultz
Executive Chairman


na wenn das mal nicht ne gute Nachricht ist...der ehemalige Chefgeologe von Areva kümmert sich persönlich um Ntu

[No Use for a Na]

Antwort auf Beitrag Nr.: 28.319.901 von nosabotas am 16.03.07 01:33:38

Mr Portella was formerly Uranium Chief Geologist in Areva’s Mining Business Unit

gg downtrend

[No Use for a Na]

Antwort auf Beitrag Nr.: 28.320.352 von No Use for a Na am 16.03.07 02:48:01

da schau mal einer an - dickes plus in D - die Aufmerksamkeit steigt

[nosabotas]

Antwort auf Beitrag Nr.: 28.381.236 von No Use for a Na am 19.03.07 23:23:08

vielleicht liegt es ja daran....

20 March 2007
ASX RELEASE

NEW URANIUM TARGETS IDENTIFIED AT KURUNDI PROJECT, N.T.

The Directors of Northern Uranium Limited Limited (“Northern Uranium” ASX: NTU) are pleased to announce that a number of new uranium targets have been identified at the Kurundi Uranium Project following the most recent airborne survey.
The survey highlighted several uranium radiometric anomalies within a 9km structural corridor extending southeast of the Munadgee uranium prospect at the Kurundi exploration licence. Preliminary images indicate that several of the anomalies are in
close proximity to the Munadgee uranium prospect (see attached figure).

The new uranium anomalies were detected in an airborne magnetic and radiometric survey conducted jointly with Washington Resources Limited (“Washington” ASX: WRL), the holder of the exploration licence. Northern Uranium has acquired 100% uranium rights
interest. The Kurundi Uranium Project is located approximately 100km southeast of Tennant Creek in the Northern Territory. Previous channel sampling in a shaft at the Munadgee
prospect, on the western boundary of the project area, returned assays of 0.82% U3O8 over 1.2m at a depth of 40m.
Some of the new uranium radiometric anomalies at Kurundi are in close proximity to the interpreted position of the unconformity between sediments of the Lower Proterozoic
Warramunga Formation, and the overlying stongly folded sediments of the Hatches Creek Group. This geological/structural setting has strong similarities with that of the Kintyre uranium deposit in Western Australia (36,000t U3O8 at 0.15% - 0.4% U3O8). At
Kintyre, uranium mineralisation occurs in narrow high grade veins which are concentrated in discrete zones, within sheared and altered chlorite schist. The mineralization is associated with minor accessories such as bismuth, copper, lead, zinc,
gold, platinum and palladium. The Munadgee area has several historical occurrences of anomalous gold, copper, lead and zinc from rock chip samples.

Geological mapping and geochemical soil and rock chip sampling are proposed to commence in the next quarter, with a view to defining drill targets. Drilling is planned to commence in the second half of the year, once the necessary approvals have been
granted.

INVESTOR INFORMATION
Principal Office:
2nd Floor, 123A Colin Street
West Perth WA 6005
PO Box 669
West Perth WA 6872
Tel: [phone]
Fax: [phone]
Email: [e-mail]
Website: www.northernuranium.com.au
Capital Structure:
Share Price (NTU): $1.34c
Issued Shares: 46m
Market Cap: $61m
Company Management:
Kevin Schultz – Executive Chairman
Adrian Griffin - Non executive Director
Bob Hair - Non executive Director
Colin McCavana - Non executive Director
Philippe Portella – Non executive Director
Robin Wilson – General Manager

[nosabotas]

Northern Uranium gibt neue Optionen aus! Jeder shareholder der am 13.April Northern Uranium shares hält, hat das Recht sich zu 1c pro Option für 2 Shares die er hält eine Option zu sichern. Diese kann er dann bis 2009 zu 25c ausüben. Der Haken ist allerdings das dies nur für Shareholder wohnhaft in Australien vorgesehen ist. Ich werde nächste Woche versuchen zu klären ob dies auch für deutsche Aktionäre möglich ist die Optionen zu erhalten!

Genaueres dazu unter: http://www.northernuranium.com.au/upload/documents/investor_… wer nachlesen möchte.

[nosabotas]

Antwort auf Beitrag Nr.: 28.605.108 von nosabotas am 31.03.07 21:48:11

Schade diese Antwort erhielt ich gerade von Trevor Verran von northern uranium:

We have been advised that only shareholders at the Record Date with
registered addresses in Australia and New Zealand will be able to
participate in the Offer.

Regards,

Trevor Verran
Northern Uranium Limited


Leider ist es nur möglich an die Optionen zu gelangen wenn man einen registrierten Wohnsitz in Australien oder Neuseeland vorweisen kann.