Australia’s Impact in overseas uranium expansion

19 April 2008 | 05:05 Code : 17149 Geoscience events
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ASX-listed Impact Minerals has secured its first overseas expansion in the uranium...

  ASX-listed Impact Minerals has secured its first overseas expansion in the uranium sector with the granting of a significant exploration licence footprint covering 20,000sqkm in eastern Botswana.Impact’s maiden and strategic international foray adds to the Perth-based company’s existing uranium exploration interests in Western Australia and Queensland.The Botswana licences will allow Impact to specifically explore for deposits of uranium in an area in Botswana adjacent to known near-surface deposits of uranium mineralisation.First work will commence as early as next month, with the Australian explorer already in discussion with other parties regarding joint uranium exploration in Botswana.The Botswana licences cover about 350km of the strike extensions of rocks that host deposits and prospects near the town of Serule. Impact’s Managing Director, Dr Mike Jones said preliminary interpretation of available airborne radiometric data over the company’s Botswana licences had indicated there are a large number of radiometric anomalies requiring immediate follow-up.“As a result, ground prospecting activities and field work is expected to commence in May under a modest statutory expenditure required in the first year,” Dr Jones said.Dr Jones said Impact’s expansion overseas was a major strategic addition to Impact’s existing projects in Queensland and Western Australia.

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