THIS LISTED AS FAR AS IM AWARE TUES. WENT UP APR 150% ON CLOSE THIS MORNING HAS GONE UP FUTHER 26% TO 10.5P CANT FIND ANY BACKGROUND ON THE CO.
BUT IS THIS GOING GO FUTHER OR NOT?

Friday, July 20, 2007

The big news today for holders of Western Metals was that it went into a trading halt this morning pending an announcement.

We all know that they are currently drilling at their Mtonya project in Tanzania so everybody has been guessing that it will be the long awaited drilling results from the Henri anomaly. This evening Western Metals' joint venture partner Uranium Resources PLC made the following announcement to the London Stock Exchange:

URAs joint venture partner, Western Metals Limited (WMT), has received further drilling results from Tanzania. WMT is currently evaluating these results. URA will make a further announcement in the coming days, as soon as it receives full details.

If the drilling results are good then expect Western Metals to open at a significant premium on Tuesday.
http://crazyjimsmith.blogspot.com/

I also bought in friday driver and topped up today

Guess we will know something tonight when WMT release news

sp heading in the right direction again.

Big day tomorrow :-)

Found this PDF announcement in the early hours of this morning on ASX. I think we have been waiting for this. (It seems to take a while to load - or perhaps it's my computer)

http://www.asx.com.au/asxpdf/20070724/pdf/313kvh90g7d0jk.pdf

Uranium Resources PLC
24 July 2007


Uranium Resources plc / Market: AIM / Epic: URA / Sector: Exploration

Uranium Resources plc ('Uranium Resources' or 'the Company')
Tanzanian Uranium Exploration Update

Highlights

Results show strong subsurface uranium mineralisation present
Initial assay results show peak intersections of:
o 7 metres at 1,233 ppm U3O8 including 3 metres at 2,607 ppm U3O8
o 7 metres at 549 ppm U3O8 including 4 metres at 843 ppm U3O8
o 6 metres at 507 ppm U3O8 including 2 metres at 1,145 ppm U3O8
o 7 metres at 400 ppm U3O8 including 3 metres at 770 ppm U3O8
o 4 metres at 515 ppm U3O8 including 2 metres at 855 ppm U3O8
Drilling to recommence early August 2007

Uranium Resources, the AIM listed uranium exploration company, has received
positive initial assay results from reconnaissance drilling at the Mtonya
uranium exploration project in Tanzania. The results are from the first batch of
samples from the 1,648 metre reverse circulation drilling programme conducted in
June 2007.

Uranium Resources director James Pratt said, 'These are again highly favourable
results. The initial first pass drilling programme has achieved its aim of
identifying significant subsurface uranium mineralisation in our Mtonya licence
areas. This coupled with the high grade trenching results provides us with great
encouragement for our future exploration and development programmes. We believe
that our area of operation in Tanzania is highly prospective and we hope that
the remaining results will emphasise this going forward.'

Shareholders are urged to read the announcement of the company's farm-in
partner, Western Metals Ltd, at

www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00741223

which
includes a number of diagrams that the directors consider important to gain a
proper understanding of this announcement. The diagrams in this announcement
will also shortly be available on the Company's website,

www.uraniumresources.co.uk

.

Drilling Results

Results to date have shown that strong subsurface mineralisation is present.
The drilling has indicated multiple mineralised horizons preferentially hosted
in sandstone units frequently at or near contact with mudstone units. This is
typical for sandstone hosted roll front style uranium deposits such as the
Kyelekera deposit in nearby Malawi.

The drill section shown in Diagram 3 of Western Metals' announcement shows that
three mineralised zones are evident above a cut-off grade of 50ppm U3O8 with
consistent intersections within these zones above a 100 ppm U3O8 cut-off. The
peak intersection of 7 metres at 1,233 ppm U3O8 is located 200 metres from this
section on another drilling profile. Deeper drilling in the future will
determine if more mineralisation is present below those identified to date.
Intersection widths range up to 7 metres, which is encouraging for the economic
potential of the area.

Table 1 contains details of drill holes and intersection summaries.

Table 1: Intersections greater than 100 ppm U3O8

Hole ID Collar Co-ordinates (WGS84/S36) Intersection
East North Depth Width ppm U3O8
from (metres)
(metres)

MRC002 885604 8831694 0 7 1,233
Including 0 3 2,607
MRC004 885671 8831736 No significant intersections
MRC007 885557 8831680 No significant intersections
MRC010 885753 8831564 9 1 120
12 7 400
Including 3 770
25 5 212
Including 1 590
38 1 130
40 1 100
MRC011 885732 8831556 11 1 390
37 1 210
40 2 220
MRC012 885710 8831549 9 7 549
Including 4 843
25 5 106
31 2 175
39 4 170
MRC013 885683 8831499 17 2 445
40 2 210
MRC014 885632 8831446 31 1 290
36 1 170
MRC015 885783 8831580 6 6 507
Including 2 1145
24 4 515
Including 2 855
35 4 305
MRC016 885828 8831590 7 1 480
33 1 250
MRC017 885805 8831582 5 5 144
27 1 120
33 1 110
35 3 270

Notes on Table 1:

Samples have been collected by riffle splitting dry intervals and representative
tube sampling of wet intervals. Samples have been analysed by ICP using
laboratory method ME-ICP61s by ALS Chemex laboratory Perth Australia. Certified
reference standards and blanks have been included in addition to laboratory
control standards. All results are in U3O8 ppm uranium with analysis method
accuracy quoted at 10 ppm U3O8. Co-ordinates are WGS84/S36 and have been
measured by hand held GPS.

Programme Strategy

Field work in 2006 highlighted many areas of potential with the Henri, Para,
Tahbilk, Galway Moysten, and Grandfather anomalies providing initial targets.
The June drilling programme tested Henri, Para and Tahbilk and follow-up
programmes are planned on these and other known targets.

Diagram 1 in Western Metals' announcement shows airborne radiometric survey
uranium data for the Mtonya area collected in April 2007. This shows multiple
anomalies exist in the area with an exposed anomaly trend greater than 7
kilometres by 2 kilometres.

Programme Details

The drilling programme conducted in June totalled 1,648 metres of RC drilling
comprising of 29 holes. The maximum hole depth was 98 metres with an average of
56 metres. Ground conditions limited drilling production rates and a decision
was made to modify the average planned hole depth from 100 to 50 metres,
allowing a greater number of holes to be drilled and an increased area covered
in the planned time frame.

Twenty one drill holes were completed on the Henri anomaly where previous
trenching work had yielded strong surface mineralisation. Two drill sections,
approximately 200 metres apart, were completed in addition to some isolated
holes off section.

At Para, approximately 800 metres south of Henri, two sections of drilling with
holes spaced at 100 metres were completed. Each section comprised three drill
holes.

Two drill holes were completed on the Tahbilk anomaly approximately 700 metres
north of Henri.

All holes were geologically logged on site by Western Metals staff. Sampling
was conducted on one metre intervals using representative sampling techniques.
Delays in the arrival of downhole geophysical equipment has postponed the
collection of downhole geophysical data until August. All completed holes have
been cased to allow the geophysical surveys to be conducted.

Samples were submitted to the ALS Chemex laboratory in Tanzania for preparation
and then dispatched to their Australian laboratory for analysis.

To date results from 11 of the Henri drill holes have been received, with
results of the remaining 18 holes expected in the coming four weeks.

Diagram 2 of Western Metals' announcement shows the drill hole collar locations
overlain on ground radiometric contour of > 15 times background counts per
second (cps). The status of each hole in relation to assay results is
highlighted.

During the drilling programme advanced radiation safety management systems were
implemented, including training on site for all personnel by an international
radiation expert, and site rehabilitation was progressed.

Future Programme

Drilling will recommence in the area in early August with the program planned to
further test the anomalies and follow up on the initial results. In addition to
drilling, field crews will undertake extensive trenching, sampling and mapping
on the Grandfather, Tahbilk, Para, and Henri anomalies. Ground scintillometer
surveys will be focused on detailing targets within the 7 kilometre trend that
have not been evaluated to date.

This information in this report that relates to Exploration Results, Mineral
Resources or Ore Reserves is based on information compiled by Dr Joseph
Drake-Brockman who is a Member of The Australasian Institute of Mining and
Metallurgy. Dr Drake-Brockman is employed by Drake-Brockman Geoinfo Pty Ltd. Dr
Drake-Brockman has sufficient experience which is relevant to the style of
mineralisation and type of deposit under consideration and to the activity which
he is undertaking to qualify as a Competent Person as defined in the 2004
Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral
Resources and Ore Reserves'. Dr Drake-Brockman consents to the inclusion in the
report of the matters based on his information in the form and context in which
it appears

**ENDS**

Contacts:

James Pratt Uranium Resources plc Tel: 07747 832 043
Ross Warner Uranium Resources plc Tel: 07760 487 769
Hugh Warner Uranium Resources plc Tel: +618 9217 3350
Hugh Oram Nabarro Wells & Co Ltd Tel: 020 7710 7400
Hugo de Salis St Brides Media & Finance Ltd Tel: 020 7242 4477


Notes to editors

Uranium Resources plc is an AIM listed uranium exploration and development
company focused in Southern Africa. The Company has primarily concentrated on
expanding and developing its portfolio of uranium licences in the highly
prospective Karoo Basin in Southern Tanzania where it currently has a land
package in excess of 7,600 sq km. Recent results have been highly encouraging
and indicate the economic potential of the region.




This information is provided by RNS
The company news service from the London Stock Exchange

http://www.asx.com.au/asxpdf/20070724/pdf/313kvh90g7d0jk.pdf

A bit of a dip, These are again highly favourable results." that from the RNS with plenty more to come. A good opp to top up these should easy go to 20p with a bit more news.

http://www.asx.com.au/asx/research/CompanyInfoSearchResults.jsp?searchBy=asxCode&allinfo=on&asxCode=WMT#headlines

20p may turn out to be conservative after all the French bid nearly 4 for UMN as they are desperate to secure supplies of uranium to feed their large number of nuclear reactors, otherwise sometime in the future their lights will go out!

In the mail today it mentioned that the price of uranium ha dropped to about $120 & could go as far $95 becaue the U ha decided to sell some of their stockpile. What do you think this will do for the demand for these companies.

Well, well the bears have driven the USA and world markets down giving the subprime lenders more exposure than they deserve. Deserving companies and many global markets with good earnings are driven lower by the herd. This is the third 'correction' in as many months. As manipulation volatility spread globally it has continued to feed the traders' greed, but, they have gone a step too far this time and investors' confidence, losses and sentiment has gone so a general slump is now inevitable. There is widespread evidence that individual stock prices are no longer driven by supply / demand, company perfomance facts and informed trading but by inuendo and misinformation.

It doesn't matter if there is a perceived demand for uranium until 2012, the markets are about to decline. URA won't be going anywhere as interest rate costs will be rising, The sp will drift until 'farm in' finance is forthcoming from the ASX floatation - if they can float in the present market condition as the IPO will probably get the lowest price expected.

Quarterly report from wmt

Drilling Results

Based on the results to date the drilling was an outstanding success having shown that strong
subsurface mineralisation is present. The drilling has indicated multiple mineralised horizons
preferentially hosted in sandstone units frequently at or near contact with mudstone units.
This is typical for sandstone hosted roll front style uranium deposits such as the Kayelekera
deposit in nearby Malawi.

http://www.asx.com.au/asx/statistics/announcementSearch.do?method=searchByCode&issuerCode=wmt&timeFrameSearchType=D&releasedDuringCode=6

Still holding and topped up today.

LONDON (Thomson Financial) - Uranium Resources PLC said drilling results at the Mtonya uranium exploration project in Tanzania show strong subsurface uranium mineralisation.

The company said this is a highly favourable result and provides great encouragement for future exploration and development programmes.

The AIM-listed company said the drilling has indicated multiple mineralised horizons.

http://www.westernmetals.com.au/documents/ASX_Tanzania_Drill_Results08Final.pdf

I bought these @ 7p before the turmoil in the market, what do you think the future holds with the latest RNS, I was surprised that the SP didn't rise today.

pumben
Who knows I bought at 8p hopefully the next drilling results will come good and the duel listing will send this north where it should be 20p short term.

The Company continues to explore a stock exchange listing on the ASX and the company
is examining corporate structures which might achieve this.

Anyone still in this share. also in at 7.5p.
just asking as thread quiet
Alex

robertalexander
Yes still here and waiting.

I think annual results are about due, last year was 5th October, so hopefully we should get an update on progress soon? plus an RNS on the two large share trades as they were each above the 3% mark.

graylyn2
Cheers for the info.