I have just had a look at a stock (CROSSLANDS URANIUM) and it appears to have a pedigree of the who's who in the Australian uranium industry.
Between Cleary , Richardson and Euprene(geologist) there would be hardly an unturned rock either in the Territory or South Australia that they havent seen.(both states are u3o8 friendly)
I enclose a copy of an article out of a mining magazine which may help you understand the company a bit more.
Newcastle-listed stock, Crossland Uranium Mines,(CUX) the reason being that two other uranium stocks, A-Cap Resources and Hindmarsh Resources, have migrated from that small bourse (now part of the National Stock Exchange) and done rather well for themselves. A-Cap this week reported more high grades from Botswana while Hindmarsh was gobbled up by Canada's Mega Uranium.
Crossland is now poised to jump across to the ASX with a $5.67 million raising based on projects in the Northern Territory and South Australia. The PR people got themselves into a lather because the new board includes Bob Cleary, former CEO of Energy Resources of Australia , and two others who worked at Ranger. But the most significant part of the announcement is that the Canadians, through Toronto-listed Centram Exploration,(David Mosher a former Austrlaian heads this company and was creditted with the Jabiluka find) have struck a deal to come up with $8 million for a 50 per cent stake in the projects. Another hunk of our uranium sector off to Toronto.