CUY - Curnamona Energy
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CUY--Another U baby in the world class Curnamone Craton U ranium province of Northeastern SA,over 5000skm uranium exploration rights, and the recent drilling results:
5.75m : 0.03%U;
2.6m : 0.112%U;
3.3m: 0.108%.
Maybe this baby got huge potential.
5.75m : 0.03%U;
2.6m : 0.112%U;
3.3m: 0.108%.
Maybe this baby got huge potential.
CUY annual report released :
Indications from Curnamona Energy current drilling is that it is in process of outlining a substantial in-situ
leach uranium deposit at the Oban prospect, where there is a large potential resource target area based on
historic drilling. Rising world uranium prices means that formerly uneconomic, palaeochannel sand hosted
uranium prospects, such as Oban, need to be viewed in a new light. With a seven-fold increase in the uranium
price since these prospects were discovered, the economics of profitably exploiting such deposits by low
capital in-situ leach methods has been transformed. Accordingly, Curnamona Energy抯 primary focus in the
immediate future will be in drilling out viable in-situ leach uranium resources at Oban and elsewhere that canbe processed by a series of innovative, low capital modular processing plants."
Curnamona Energy Limited (揅urnamona Energy? holds exploration rights over more than 5000 square
kilometres of world class Tertiary palaeochannel terrain in the northeast of South Australia. The Company
embarked on a systematic exploration effort during the year, utilising its drilling and logging equipment on
an almost continuous basis to test various high priority palaeochannel uranium targets.
Noteworthy success was achieved at the Oban prospect with confirmation of economic grades and widths of uranium mineralisation hosted by pyritic sands, and also within the Yarramba palaeochannel downstream from the Honeymoon deposit. With the seven-fold increase in uranium prices since these prospects were originally discovered, the economics of profitably exploiting such uranium mineralisation by low capital insitu leach methods is very positive and will be vigorously pursued by Curnamona Energy.
Indications from Curnamona Energy current drilling is that it is in process of outlining a substantial in-situ
leach uranium deposit at the Oban prospect, where there is a large potential resource target area based on
historic drilling. Rising world uranium prices means that formerly uneconomic, palaeochannel sand hosted
uranium prospects, such as Oban, need to be viewed in a new light. With a seven-fold increase in the uranium
price since these prospects were discovered, the economics of profitably exploiting such deposits by low
capital in-situ leach methods has been transformed. Accordingly, Curnamona Energy抯 primary focus in the
immediate future will be in drilling out viable in-situ leach uranium resources at Oban and elsewhere that canbe processed by a series of innovative, low capital modular processing plants."
Curnamona Energy Limited (揅urnamona Energy? holds exploration rights over more than 5000 square
kilometres of world class Tertiary palaeochannel terrain in the northeast of South Australia. The Company
embarked on a systematic exploration effort during the year, utilising its drilling and logging equipment on
an almost continuous basis to test various high priority palaeochannel uranium targets.
Noteworthy success was achieved at the Oban prospect with confirmation of economic grades and widths of uranium mineralisation hosted by pyritic sands, and also within the Yarramba palaeochannel downstream from the Honeymoon deposit. With the seven-fold increase in uranium prices since these prospects were originally discovered, the economics of profitably exploiting such uranium mineralisation by low capital insitu leach methods is very positive and will be vigorously pursued by Curnamona Energy.
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Hi!
Greetings from Germany!
Curnamona has big potential - as two independent researches underlinded:
Far East Capital
and
RCR
are very positive!
I am in with 10k.
Greetings from Germany!
Curnamona has big potential - as two independent researches underlinded:
Far East Capital
and
RCR
are very positive!
I am in with 10k.
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CUY share price up 50% on 14-feb news they are going to trial a treatment plant that could be scaled up to 40tpa (yes forty tonnes!!)
Thats only about $10m at US$85/lb??
Sounds a bit odd.
Thats only about $10m at US$85/lb??
Sounds a bit odd.
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Any thoughts on CUYs plans?
They say they have $70m now (implies 292t of U - altho no JORC yet), but it could be ten times higher, ie 2920t of U.
But they also say a plant could treat 40 tpa => it will take 70 years to mine the deposit.
However I guess as U price goes up this approach may become more common for the easily leached deposits...
They say they have $70m now (implies 292t of U - altho no JORC yet), but it could be ten times higher, ie 2920t of U.
But they also say a plant could treat 40 tpa => it will take 70 years to mine the deposit.
However I guess as U price goes up this approach may become more common for the easily leached deposits...
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Now 1.61 up 18% today - only got these via HAV but should see that run a bit more...
I noticed the ramping sp and did some research, including the investor presentation.....this seems to be the [mostly] undiscovered uranium stock in the hot 4mile area of SA....and they are doing more drilling than anybody else except Equinox....impressive share structure is very important....enough cash for '07 season, so no immediate dilution....in-situ [ISR] mining is environmentally friendly, compared with others who say they are opting for underground mining, which is also much more capital intensive.....
Impressed with mngmnt.s aggressive style, experience, expertise....
Hope I can grab a few shares before it goes much higher...the future looks immense, esp. with all the current talk by the SA Premier...good publicity..
http://www.curnamona-energy.com.au/
Impressed with mngmnt.s aggressive style, experience, expertise....
Hope I can grab a few shares before it goes much higher...the future looks immense, esp. with all the current talk by the SA Premier...good publicity..
http://www.curnamona-energy.com.au/
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whats up_? trading halt... anyone in the know?
HAV which owns 50% has risen 13% today which suggest something positive
HAV which owns 50% has risen 13% today which suggest something positive
CUY has more than doubled since its breakout above its 20dma.....
http://www.asx.com.au/asxcharting/C...fact=80&fromdate=06/10/2006&todate=06/04/2007
http://www.asx.com.au/asxcharting/C...fact=80&fromdate=06/10/2006&todate=06/04/2007
Very heavy buying today, for an issue with tight share structure....
newz after the halt has shares up over 30%....JPMorgan has bought 3.2 million shares of CUY....
Note that the trading of about 400,000 shares today has sent the price soaring....proof of the enormous leverage in this play....THAT'S what I'm talking about!...
http://www.curnamona-energy.com.au/
newz after the halt has shares up over 30%....JPMorgan has bought 3.2 million shares of CUY....
Note that the trading of about 400,000 shares today has sent the price soaring....proof of the enormous leverage in this play....THAT'S what I'm talking about!...
http://www.curnamona-energy.com.au/
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Ann re Commonwealth approval to undertaken in situ leach trial - now for State (SA) approvals
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Very interesting the route CUY has taken, very very interesting,
Could be the next U producer the way its going
I believe CUY will become better known and be taken more seriously as the co. progresses with the permitting process toward well testing....
CUY holds uranium exploration rights over an area in excess of 6000 sq. k's.
[2366 sq. miles] in the world class Curnamona Craton uranium province, which is host to the Beverley and Honeymoon in-situ leach deposits....
CUY holds uranium exploration rights over an area in excess of 6000 sq. k's.
[2366 sq. miles] in the world class Curnamona Craton uranium province, which is host to the Beverley and Honeymoon in-situ leach deposits....
the top 20 shareholders own 65% of the 71 million shares....
http://www.curnamona-energy.com.au/corporate.html
DIRECTORS
Keith Robert Johnson
Chairman
BSc(Hons), PhD, FAusIMMDr Bob Johnson, a geologist, is one of the world’s leading practitioners of the application of computers to geological modelling and mine planning.
His company, Maptek Pty Ltd, is a major supplier of technical mining software, with a network of offices across Australia, North and South America, Africa and Europe marketing the interactive VULCAN mining system. This experience has provided a broad understanding of orebodies and the role of 3D geometry in structural geology.
Dr Johnson, a resident of Adelaide, is a Fellow of the Australasian Institute of Mining and Metallurgy and a Member of the American Society of Mining Engineers. He is also Chairman of Curnamona Energy Limited.
Christopher William Giles
Director
BSc(Hons), PhD, MAIG
Dr Chris Giles is an experienced geologist having supervised exploration programmes for a variety of organisations all over the world.
During his career he has worked on exploration teams that have been directly responsible for the discovery of six operating gold mines. Prior to joining Havilah, he was a joint founder and investor in East African Gold Mines Limited, responsible for ground selection and supervising initial exploration programmes that resulted in the discovery of two substantial gold deposits in the Mara region of Tanzania, which are currently in production.
Dr Giles is a resident of Adelaide and a Member of the Australian Institute of Geoscientists.
Mr Kenneth Graham Williams
Non-Executive Director
B.Econ (Hons), M Appl Fin
Mr Ken Williams has extensive experience in mining finance, complementing the technical skills of the other directors.
He has previously held roles in the treasury operations at Qantas Airways Limited and Normandy Mining Limited, before becoming Chief Financial Officer of Normandy. Until March 2003, Mr Williams was Group Executive Finance & Business Management at Newmont Australia Limited.
Mr Williams is also a Director of ASX listed company Advanced Magnesium Limited and Queensland Cotton Holdings Limited..Mr Williams is a resident of Adelaide and a member of the Australian Institute of Company Directors and the Finance and Treasury Association. He brings a strong financial background to the Board.
http://www.curnamona-energy.com.au/corporate.html
DIRECTORS
Keith Robert Johnson
Chairman
BSc(Hons), PhD, FAusIMMDr Bob Johnson, a geologist, is one of the world’s leading practitioners of the application of computers to geological modelling and mine planning.
His company, Maptek Pty Ltd, is a major supplier of technical mining software, with a network of offices across Australia, North and South America, Africa and Europe marketing the interactive VULCAN mining system. This experience has provided a broad understanding of orebodies and the role of 3D geometry in structural geology.
Dr Johnson, a resident of Adelaide, is a Fellow of the Australasian Institute of Mining and Metallurgy and a Member of the American Society of Mining Engineers. He is also Chairman of Curnamona Energy Limited.
Christopher William Giles
Director
BSc(Hons), PhD, MAIG
Dr Chris Giles is an experienced geologist having supervised exploration programmes for a variety of organisations all over the world.
During his career he has worked on exploration teams that have been directly responsible for the discovery of six operating gold mines. Prior to joining Havilah, he was a joint founder and investor in East African Gold Mines Limited, responsible for ground selection and supervising initial exploration programmes that resulted in the discovery of two substantial gold deposits in the Mara region of Tanzania, which are currently in production.
Dr Giles is a resident of Adelaide and a Member of the Australian Institute of Geoscientists.
Mr Kenneth Graham Williams
Non-Executive Director
B.Econ (Hons), M Appl Fin
Mr Ken Williams has extensive experience in mining finance, complementing the technical skills of the other directors.
He has previously held roles in the treasury operations at Qantas Airways Limited and Normandy Mining Limited, before becoming Chief Financial Officer of Normandy. Until March 2003, Mr Williams was Group Executive Finance & Business Management at Newmont Australia Limited.
Mr Williams is also a Director of ASX listed company Advanced Magnesium Limited and Queensland Cotton Holdings Limited..Mr Williams is a resident of Adelaide and a member of the Australian Institute of Company Directors and the Finance and Treasury Association. He brings a strong financial background to the Board.
Curnamona the next Aussie U producer? --
With their aggressive mangement. I wouldn't be surprised.....
Shares have ramped from .89, when I 1st took notice, to 2.69 [+202%] in this discovery phase for investors.....and it's STILL undervalued imo...
13 Apr 2007 2.69 14.47% 2.69 2.26 506,761
12 Apr 2007 2.350 8.29% 2.370 2.100 225,568
11 Apr 2007 2.170 -9.58% 2.420 2.020 384,450
10 Apr 2007 2.400 28.69% 2.730 2.000 560,079
04 Apr 2007 1.865 17.3% 1.870 1.600 475,694
03 Apr 2007 1.590 18.66% 1.700 1.340 461,289
http://www.curnamona-energy.com.au/
With their aggressive mangement. I wouldn't be surprised.....
Shares have ramped from .89, when I 1st took notice, to 2.69 [+202%] in this discovery phase for investors.....and it's STILL undervalued imo...
13 Apr 2007 2.69 14.47% 2.69 2.26 506,761
12 Apr 2007 2.350 8.29% 2.370 2.100 225,568
11 Apr 2007 2.170 -9.58% 2.420 2.020 384,450
10 Apr 2007 2.400 28.69% 2.730 2.000 560,079
04 Apr 2007 1.865 17.3% 1.870 1.600 475,694
03 Apr 2007 1.590 18.66% 1.700 1.340 461,289
http://www.curnamona-energy.com.au/
