ASX Updates


updates & news

02 September 2010, 01.03
Exploration and mining update   The status of exploration and mining for calendar year 2009 is
02 September 2010, 01.00
By InfoMine January 25, 2010 at 8:05 PM   Territory Uranium reported that a shallow auger drill
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Investors

 

Investment Overview

  • Enthusiastic and Skilled Management and Geological Team
  • Company well funded with over $2.7M in available funds (30 March 2010) plus additional planned joint venture expenditure
  • Key Australian and International resource investors and funds backing the company
  • Greenfields uranium discovery at the Daly Project
  • Multiple Exploration Targets scheduled for testing thus increasing the probability of success
  • Holders of previously inaccessible and valuable uranium exploration ground in the correct geo-political environments

Projects & Prospects

The Company will advance its key uranium projects at Daly and Pine Creek, expanding and upgrading the confidence levels of its discoveries and prospects and presenting these results clearly and regularly to Australian and international investors.

TUC will continue to develop its land access activities into its holdings in the world class Northern Territory Alligator River Uranium Field.

TUC will develop its other Greenfield uranium projects such as Calvert or areas of the highly prospective Pine Creek uranium region.

TUC will continue to examine and identify corporate opportunities to acquire quality uranium ground and resources to grow the company.

TUC Management and Team

TUC is managed by geologist Ian Bamborough, whose experience in the Northern Territory and current track record of discovery with TUC provides a sound base for future growth of the Company.

The Company's Board includes Non Executive Chairman Peter Harold (the original and current Managing Director of ASX Top 200 Company Panoramic Resources).

Investor Support and Marketing

TUC is focused on its projects, balance sheet, share register and funding needs to create shareholder wealth going forward. TUC has a stable share register.

Company Funding

TUC is well funded to achieve its short to medium term objectives with approximately $2.5 million in cash and $150,000 of government grants available. In addition, a number of corporate funding partnerships are in place to leverage off its large ground position.

The Company overheads are kept to a minimum to ensure investment is placed at the drill bit.

Issued Capital and Top Twenty Shareholders

TUC has only 93.8 million shares on issue.

The top 20 Shareholders of TUC hold 52% of the Company. TUC has over 900 Shareholders affording a company opportunity for liquidity of stock movement.

Importantly, TUC's activities have attracted the attention of key Australian and international resource investors and funds, and this has resulted in them taking up significant positions on the Company's share register.

Shareholders-30-6-10

Last Updated on Friday, 06 August 2010 05:52