Monaro Mining (ASX: MRO) has released its Quarterly Report for the period ending 30 September 2009.
HIGHLIGHTS:
- Successful capital raising of $3 million to sophisticated investors. Placement oversubscribed. Funds to enhance key North American projects
- 250% increase in inferred uranium resources at Rio Puerco deposit, New Mexico USA
- Vale commits to second year of exploration and moves to Operator status over the Apache Basin uranium project, Arizona USA
- Kyrgyz uranium assets sold. Monaro to retain 25% free carried interest until Pre-Feasibility study
Click here to view the full announcement.
For further information, please contact:
Mart Rampe, Executive Director
+61 2 4647 9566
or
Jim Malone
Chairman
+61 419 537714
Media:
Luke Dean
Fortbridge
+612 9331 0655
+61 414 535 433
luke.dean@fortbridge.com
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