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Article: Universal Resources Limited (ASX:URL) Announce Its Quarterly Activity Report Ending 31 March 2009
- Article from:
- abnnewswire.net
- Article date:
- May 1, 2009
- Author:
CopyrightCopyright 2009 ABN Newswire. (Hide copyright information)
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Universal Resources Limited (ASX:URL) is an Australian public listed company with substantial tenement holdings in two of Australia's major base and precious metal provinces: the Mt Isa Inlier in Queensland and the Lachlan Fold Belt in NSW.
Universal's major asset is the Roseby Copper Project, one of Australia's largest undeveloped open pit copper resources with 128.54 million tonnes of JORC compliant resources containing 878kT of copper and 239kOz of gold.
A detailed feasibility study (DFS) of a 5 million tonnes per annum (Mtpa) mine, concentrator and associated infrastructure was completed in September 2008. That study indicated the Project was both technically feasible and economically ...