🕐24.06.13 - 03:27 Uhr

URANEX LIMITED [ASX: UNX] - NACHU GRAPHITE PROJECT EXPLORATION UPDATE





Fortbridge Media Release

Uranex Limited [ASX: UNX] - Nachu Graphite Project Exploration Update

Uranex Limited (ASX: UNX) has advised that the next phase of exploration activities has commenced on the 100% owned Nachu project with initial geological observations being provided from the first trench.

Highlights:
* Trenching has commenced on the tenement
* Wide intersections, up to 136m, of graphitic schists observed in the first trench
* 701m of graphitic schists from the first 930m of trenching

The first trench started in the southern part of the tenement at coordinates 487383 Easting and 8898916 Northing and digging is progressing in a westerly direction. This trench is planned to be 1,200m in length so that the geology can be assessed across an area where there are known graphite outcrops. The trenching is progressing at approximately 100m per day.

An extensive sampling programme will be undertaken during the trenching. Due to the quantity of samples it may take several weeks from completion of the final trench to announce all the results. The sampling programme will also ensure that sufficient material is available to do comprehensive metallurgical tests to determine the optimum final product/s to be produced from this resource.

Please see the link below for more details.

For further information, please contact:

Rod Chittenden
Chief Executive Officer
Tel: + 61 (0)3 9621 1533

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