Niger Update

RNS Number : 8623S

Niger Uranium Limited

27 May 2009

 



27 May  2009

NIGER URANIUM LIMITED

('Niger Uranium' or 'the Company')

Niger Update

With the anticipated improvement in security in Niger's Uranium producing districts, Niger Uranium expects to resume its exploration programme in October 2009. This would allow the Company to test the numerous targets defined by the radon and geochemical survey carried out in late 2008. As previously announced on 28 August 2008, Niger Uranium has a JORC compliant resource of 4.39 million lbs U3O8 at the In Gall target and currently holds eight prospecting licences in Niger, covering a total area of 6,773 square kilometres.

Ian Stalker, Executive Director and Acting Chief Executive Officer, said: 'Niger Uranium's projects are centrally located within one of the world's most important uranium producing districts. The investment climate in Niger remains positive and recent increases in investments in Niger have highlighted the importance of Niger in respect of the global supply of uranium.'

Contacts:

Niger Uranium Limited

Ian Stalker, Executive Director and CEO             Tel: [phone]

Beaumont Cornish Limited                                Tel: [phone]

Michael Cornish

Finance Dynamics

Ben Brewerton/Edward Westropp                        Tel: [phone]

Forward Looking Statements:

This press release contains statements that are 'forward-looking'. Generally, the words 'expect,' 'intend,' 'estimate,' 'will' and similar expressions identify forward-looking statements. By their very nature, forward-looking statements are subject to known and unknown risks and uncertainties that may cause our actual results, performance or achievements, or that of our industry, to differ materially from those expressed or implied in any of our forward-looking statements. Statements in this press release regarding the Company's business or proposed business, which are not historical facts, are 'forward looking' statements that involve risks and uncertainties, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements.

ENDS

 

END

 

 

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