While Compass Resources is on the home stretch in terms of the engineering study on its Browns oxide project in the Northern Territory, it is recent uranium results from its Mt Fitch and Rum Jungle East prospects that have generated recent interest. Two holes drilled into the prospects to probe possible controls to mineralisation encountered uranium with the best intercept of 12 metres at 3.23 pounds/tonne uranium oxide. What makes the results even more attractive are their location. "A treatment plant for uranium is very similar to the type of plant we are planning to build for the oxide project at Browns," Compass director Malcolm Humphreys said.
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