Acquisition of New Licences i

RNS Number : 3566D

Obtala Resources PLC

15 September 2008

 



15 September 2008

OBTALA RESOURCES PLC ('Obtala' or the 'Company')

Acquisition of New Licences in Tanzania

New Uranium and Platinum Licences 

Obtala Resources Plc is pleased to announce it has increased its Uranium exploration licence area by a further 412km2.  The licence, 100% owned by Mindex (BVI), a subsidiary of Obtala, is in located in Ulanga and Namtumbo districts of Southern Tanzania. This area is ideally situated both geologically and geographically to our existing Uranium licences. Obtala now holds a total of 1,737km2 of Uranium exploration ground within Karoo sediments.

Also, a further licence has been acquired covering 712km2 for Platinum Group Elements and Copper in the Kigoma and Mpanda district of Western Tanzania. This licence lies 100km north of Mpanda and immediately south of Obtala's existing Kigoma Copper licences (1,422km2), totalling 2,136km2.

The addition of the Kigoma Platinum licence further advances the multi-commodity exploration focus of the company.

Licence	Holder	Interest	Status	Surface Area	Licence Expiry
Ulanga and Namtumbo PLR 5178/2008	Mindex (BVI), a subsidiary of Obtala	100%	Prospecting	412.33km2	28 August 2010
Kigoma and Mpanda PLR 5360/2008	Mindex (BVI), a subsidiary of Obtala	100%	Prospecting	712.05km2	18 July 2010

Contact:

Frank Scolaro - Chairman  www.obtalaresources.co.uk	[phone]
Obtala Resources plc
Ray Zimmerman/Jonathan Evans	[phone]
Zimmerman Adams International Ltd - Nominated Adviser and Broker

 

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