Directors of Korab Resources Limited (ASX: KOR) are pleased to announce that Korab has secured additional 48 square kilometres of uranium exploration ground near Rum Jungle historic uranium mine 75 km south of Darwin in the Northern Territory.
This brings the total area of Korab's exploration ground within this historic uranium producing province to 190 sq km and makes Korab one of the lowest cost entries into the Australian uranium sector.
The ground, comprising exploration licence applications ELA25132 through ELA25137 and ELA25242 through ELA25244, lies between the Batchelor project and the Green Alligator project.
The leases cover ground prospective for uranium and gold and are adjacent to the ground owned by Compass Resources which contains several uranium and gold anomalies.
Korabs explorations efforts will be targeting unconformity style uranium mineralisation within middle and lower Proterozoic units.
About KORAB RESOURCES LIMITED: Gold, copper and uranium exploration.
Andrej K. Karpinski
TEL: +612 8 9322 4553