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Welcome to African Energy Resources (ASX:AFR) an Australian-based uranium development company

African Energy controls more than 200km strike-length of prospective rocks in southern Zambia's Kariba Valley uranium province where the Company has delineated 11Mlb U3O8 in mineral resources at the Chirundu JV. Feasibility studies indicate that this could form the basis of a low-cost 8 year mining operation with production commencing as early as the first quarter of 2012. Exploration programmes in 2010 are expected to define additional resources which may extend the proposed mine life. With additional high quality projects in Zambia and Botswana, and a strong cash position, the Company is well placed to deliver strong returns to shareholders.

ASX Share Price

Symbol Last Trade $ Change
AFR $0.082 -0.006

Last updated 31/07/2010 (via ASX)
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Uranium Price

  Last Trade $ Change
UXC US$46.00 +4.25
Tradetech US$43.50 +2.00

Last Updated 27/07/2010.

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Announcements

  • 29 Jul 10 - June 2010 Quarterly Activities and Cashflow Report
  • 28 Jul 10 - Presentation to the Proactive One2One Investor Forum, Sydney
  • 27 Jul 10 - Further Coal Intersections Extend Deposit at Sese Project, Botswana
  • 22 Jul 10 - Investor Presentation - July 2010
  • 24 Jun 10 - June 2010 Resource Capital Research