[miningmx.com] – XTRACT Resources is hoping to raise £3m which will be used to buy a 74% stake in a Northern Cape uranium deposit, said BDLive.
The company, led by former Pan African Resources CEO, Jan Nelson, trades on London’s Alternative Investment Market.
Nelson has a 90-day exclusivity agreement for $100,000 with Aardvark Uranium to conduct a due diligence study into the Henkries deposit, north of Springbok in the Northern Cape, said BDLive.
The prospect was once drilled and explored by Anglo American, it said.
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