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EPM - Eclipse Metals

Joe Blow

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Eclipse Uranium Ltd is a uranium exploration company with a portfolio of uranium assets in geologically favourable areas of the Northern Territory.

Over 8,910km2 of selected tenure that is highly prospective for uranium mineralisation.

• The Eclipse Project (5,438km2) located in the southern and north eastern parts of the Ngalia basin.
• The Pine Creek Project (1,114km2) located in various areas around the Pine
Creek region.
• The West Arnhem Project (110km2) located in the West Arnhem region.
• The North Arunta Project (1,580km2) located in the North Arunta region.
• The Lake MacKay Project (159km2) located in the Lake MacKay region.
• The Canning Basin Project (516km2) located in the Canning basin.

http://www.eclipseuranium.com.au
 
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Re: EUL - Eclipse Uranium

Interesting for many is this attempted float by Eclipse Uranium to raise $7 million. Many already floated Uranium minnows strapped for cash are waiting to see if EUL manage this difficult task.

Proposed quotation was on 5/7/2010 ( now the ASX say, 'to be advised') and now the closing date of the offer has gone out to 1/9/2010. Probably indicates that cash is arriving more slowly than expected / hoped.

Plenty of good looking tenements but so have so many others.
The basics are to get a JV partner, or if you've little cash they give you some to see all the tenement previous drilling results. Though few are that interested these days.

Many minnows in this sector find that tenements not surveyed recently and someone drilled some time back with fairly poor results, are generally not worth much.

I prefer to buy these companies with enough cash for the next two years and price at asset value, not including tenements. Upside is an improving Uranium price in recent weeks and bullish forecasts into 2011.
 

greggles

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Eclipse Metals creeping up in the last few days on increasing volume and no news. Has gone from 1.1c to 2c in the last week.

Anyone have any idea why? :unsure:

screenshot-shareinvesting.anz.com-2017-12-04-14-22-04.png
 
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EPM has got some promising U and other mineral tenements in the NT,,,,,,,and also an interesting Manganese project that is being rejigged at Mary River in QLD.......wondering if anyone else is watching this one...
 
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