Friday, October 30, 2009

Monaro Mining releases Quarterly Report

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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