🕐19.07.13 - 03:54 Uhr

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





Fortbridge Media Release

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

Highlights:

- 977 metres of graphitic mineralisation intersected from 1,204 total metres in the first trench (T1).

- Further extensive mineralisation is found in the next two trenches (T4 and T6).

- No deleterious elements seen in outcrop sample analyses.

Uranex Limited announces its update on the exploration activities on the 100% owned Nachu Project The Uranex geology team has discovered further significant intersections of graphitic schists on the tenement.There are 977 metres of graphitic mineralisation intersected from 1,204 total metres T1. A further extensive mineralisation is found in T4 and T6. There are no deleterious elements seen in outcrop sample analyses. Analysis for other elements will continue on trench sample composites.

ABOUT URANEX LIMITED

Uranex Limited (ASX CODE UNX), which listed in 2005, is an Australian based exploration company with a diverse pipeline of projects in East Africa and Australia. Uranex recently expanded its exploration focus from uranium to baseline reconnaissance of its other tenements in Tanzania, which resulted in significant graphite and coal discoveries in S.E. Tanzania as well as defining base metals and gold targets. Uranex still has significant uranium projects, with over 45 million pounds of uranium in JORC compliant resources at its Mkuju, Manyoni (Tanzania) and Thatcher Soak (Australia) projects and significant potential to increase these resources.

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