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Mega Uranium Ltd T.MGA

Alternate Symbol(s):  MGAFF

Mega Uranium Ltd. is a Canada-based mineral exploration and development company. The Company is focused on the acquisition and exploration of uranium prospective properties. It has exploration stage mineral resource properties in Queensland and Western Australia and investments in uranium-focused companies. It also holds interests in junior and medium-sized uranium exploration and development companies, royalty and diversified uranium holding companies, and its own exploration and development projects. The Company’s project is Maureen Uranium-Molybdenum Project, which is located approximately 32 Kilometer (km) away from the small regional hub of Georgetown, located in Northern Queensland, Australia. Its subsidiaries include Maple Resources Inc.; Uranium Mineral Ventures Inc., Mega Georgetown Pty Ltd., Mega Hindmarsh Holdings Pty Ltd., Mega Redport Holdings Pty Ltd., Monster Copper Corporation., Nu Energy Uranium Corporation, and Northern Lorena Resources Ltd.


TSX:MGA - Post by User

Bullboard Posts
Post by stwwon Jul 21, 2011 9:21am
527 Views
Post# 18855638

heres something i found

heres something i found

There are four major projects that are close to becoming operationalin Western Australia: Yeelirrie (BHP Billiton), Wiluna (Toro Energy),Lake Maitland (Mega Uranium) and Kintyre (Cameco/Mitsubishi).

Thereis speculation about which will get over the line first, althoughAnthony O'Brien believes Mega will "pip everyone at the post".

However there is concern that political uncertainty at a state level is making resource companies hesitant to invest in WA.

At the WA Labor State Party Conference in June, Opposition Leader Eric Ripper reiterated state labor's anti-uranium stance.

Itis a position that the Federal Resource Minister Martin Ferguson haspreviously labelled as "ridiculous", and would result in the statemissing out on funds for schools, education and roads.

The miningindustry says state Labor's ban could expose a future ALP government tolarge compensation claims, with the first uranium mine likely to beoperational around the time of the next state election due in 2013.

Mr O'Brien says WA Labor's anti-uranium stance is short sighted.

Bullboard Posts