NU Energy Resources will hold the uranium assets of Havilah Resources located in the northeast of South Australia near Broken Hill. This includes a large prospective tenement holding, an extensive legacy of high quality technical data and the Oban uranium deposit.
Subject to prevailing market conditions and other factors, it is intended that NU Energy Resources would raise at least $10 million via an IPO and ASX listing of its shares. The funds raised will be applied to exploration primarily on the highly prospective flanks of the Precambrian Benagerie Ridge and for further uranium in situ recovery trials at Oban.
NU Energy Resources investment highlights
Home to four of the six approved Australian uranium mines, two of which have been operating for over two decades (Olympic Dam and the Beverley Mine camp)
A supportive government with a regulatory regime that enforces the highest ESG standards.
Exploration rights over >11,000 km2 of the Frome Basin that hosts several large sand-hosted uranium deposits, including Beverley-Four Mile and the Honeymoon restart
Favourable setting of a buried uranium enriched basement ridge flanked by permeable sands.
IN SITU RECOVERY (ISR)
Sand-hosted uranium is amenable to ISR, a relatively low capital, safe and non-disturbing mining method.
Potential for multiple remotely operated solar-powered ISR cells that use ion exchange resins in a cost-efficient spoke and hub mining and processing concept.
Register your interest in receiving NU Energy Resources' Prospectus
Investment in NU Energy Resources may only be via a prospectus, which is currently in process of preparation. The final IPO terms will be subject to broker advice and sounding of market support. After lodgement with the ASX, the prospectus will be available to the public. To be notified of progress of the IPO and when the prospectus becomes available, please register your interest by clicking on the button or fill in the details below.