Who is Uranex?
Based in Australia and with assets in Australia and Tanzania, Uranex is a uranium exploration and mining development company, focused on exploration of its quality uranium assets with a disciplined business plan to become a recognised producer.

Having recently announced initial resource estimates for Thatcher Soak in Western Australia and Bahi in central Tanzania, Uranex is well positioned to rapidly advance its two priority exploration and near-production assets. Both resources are located near surface within the top 20m of largely unconsolidated host sediments, which indicates very low mining costs and simple processing requirements, thereby increasing operating margins and thus facilitating production at industry-low cut off grades.

Uranex is focused on growth by production through a pipeline of Bahi and Thatcher Soak production, and the advancement of its quality exploration assets, including kuju and Songea in southern Tanzania, the Bremer Basin Project in Western Australia, and the Bynoe and Alligator River Projects in the Northern Territory.

What makes Uranex worthwhile?
Uranex underwent significant changes in 2008 in its drive to maximise the potential of its quality suite of near-term, low production cost assets, to achieve near-term producer status. The changes include:

• Appointment of a new Managing Director – Dr John Cottle
• Changes to the Board and Management team
• Appointment of General Manager, Exploration and Project Development
• New production strategy – “One Plant- Multiple Sources” in the Bahi region
• New sales focus – “Supply to the Suppliers”

Excellent assets, a strong, pro-active technical and corporate management team with extensive uranium exploration and development experience, and a strong financial position provides Uranex with the means, determination and confidence to become a major player in the uranium production market.

What makes Uranex different?
Uranex is determined to stand out. The production strategy and sales focus have been developed to play to the strengths of the Company’s assets and the imminent burgeoning World Uranium Market.