URASIA ENERGY LTD(UAEYF:OTCBB)
UrAsia Energy Ltd. -
is a new, uranium producer, with low-cost, in-situ leach mining
operations in the Republic of Kazakhstan. The Company is led by
former ERA Managing Director, Mr. Phillip Shirvington.
The Company currently produces 1.8 million pounds of U3O8 per
year; this production rate is set to increase over the coming
decade as the Company, along with its joint venture partners,
embark on the accelerated development and construction of two
additional operating mines within the Republic of Kazakhstan.
With annual production in 2005 of approximately 11.0 million
pounds U3O8, Kazakhstan is the world's third largest
producer of uranium.
UrAsia Energy Ltd. -
("UrAsia") is one of the four listed uranium producers in Canada.
UrAsia's annualized production is an estimated 1.4 million
pounds of uranium, which comes from its 70% interest in the
Akdala in-situ leach uranium mine in Kazakhstan.
The Company's goal is to be producing in excess of 10 million
pounds annually by 2015 from at least three assets in Central
Kazakhstan holds 18% of the world’s uranium resources, and is
a key country in filling the large supply/demand gap in
annual uranium production -- some 80 million pounds.
All of the Company’s deposits are low cost ISL (in-situ leach)
uranium mines -- low operating cost and low capital cost.
The country holds the most obvious potential for increasing
Cameco is slated to begin production from their Inkai JV in
Kazakhstan in the first quarter of 2006.
UrAsia’s development stage assets have a large Russian P1
One of the Company’s first goals is to re-drill these assets
to convert the known Soviet resources into Canadian NI 43-101
Management intends to put these assets into production with
project financing, using little or no equity dilution.
As of November, 2005 UrAsia's cash position was CAD$75 million.
595 Burrard street, Suite 3123,
Vancouver, BC, CN V7X 1J1
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