Published on Friday February 11 2011
Please Note: This is not Financial Advice
I have just put together some additional info regarding STB Minerals Manager Tom Pool and his past association with Nuclear Fuels Corporation. Those Researched Long Term BLR Holders that are closely following the behind closed door activities, will relate to the significance of the info these links below contain.
in the Hansen Deposit that it Black Range doesn't currently control.
IMO: I'll throw a wild card, regards to a possible J/V partner & that is that either Paladin or more likely U.S. Nuclear giant General Atomics will soon appear onto the scene.
Note** General Atomics currently own the Cotter Mill at Cannon City.
Schematic cross-section through the Hansen Uranium Deposit.
Click Image To Enlarge
CHIEFTAIN PHOTO/FILE Shown are acid leach tanks at the Cotter mill that these days are empty due to no uranium ore being processed.
31 January 2011
During the quarter the Company made considerable progress towards finalizing definitive agreements with STB Minerals LLC ("STB"), that will provide Black Range an exclusive option to acquire the remaining 51% interest in the 30 million pound Hansen Uranium Deposit in Colorado, USA. The Company anticipates finalizing definitive agreements in the near term.
Click Chart to enlarge
Black Range Minerals Top 20 Holders
As At Friday 4th February 2011
Latest Key Developments From 2005 - 2011
Black Range Minerals Limited Announces Exercise Of Options
Black Range Minerals Limited announced the issuance of 41,250 fully paid ordinary shares for a total consideration of AUD 1,856.25 pursuant to the exercise of listed options.Black Range Minerals Ltd. Exercises Listed Options
Black Range Minerals Ltd. announced that it has issued 258,000 fully paid ordinary shares for a total consideration of AUD 11,610. The issuance was made pursuant the exercise of listed options.Black Range Minerals Ltd. Announces No Dividend
Black Range Minerals Ltd. announced that no dividend was paid or declared by the Company in the year and up to the date of this report.Black Range Minerals Ltd. Announces Divestment Of Koonenberry Base Metal Project To Wholly Owned Subsidiary Of Ausmon Resources Limited
Black Range Minerals Ltd. announced that it has reached agreement to divest its Koonenberry Base Metal Project in New South Wales. Black Range Minerals has executed an agreement to sell 100% of its interests in the non-core Koonenberry Base Metal Project to a wholly owned subsidiary of Ausmon Resources Limited. Consideration comprises $200,000 and one million shares in Ausmon Resources Limited. Black Range Minerals anticipates settlement of the transaction towards the end of August 2010.Black Range Minerals Ltd. Announces Letter Of Intent To Acquire Hansen Uranium Deposit
Black Range Minerals Ltd. announced that it has executed a Letter of Intent with STB Minerals LLC (STB), providing the Company the exclusive right to acquire STB’s interest in the 30 million pound Hansen Uranium Deposit in Colorado, USA. The Company holds exclusive rights to secure a 100% interest in the Hansen Uranium Deposit, which is located immediately adjacent to the Company’s 100% owned +60 million pound Taylor Ranch Uranium Project. The Company has paid STB USD500,000 for the exclusive right to acquire an option over STB’s mineral interest in the Hansen Uranium Deposit and immediate surrounds. STB and Black Range will work towards finalising and executing Definitive Agreements by August 2010. On execution of Definitive Agreements Black Range shall pay STB USD1.0 million and issue STB USD2.5 million worth of shares in Black Range (based on Black Range’s five-day VWAP for the period immediately preceding the issue of these shares). 50% of the shares shall be escrowed for six months from the date of their issue. On execution of Definitive Agreements, STB shall grant Black Range an option to acquire STB’s mineral interest in the Hansen Uranium Deposit at any time until August 6, 2013 (the Option Period). During the Option Period Black Range shall undertake feasibility studies into the development of a commercial scale mining operation at the Taylor Ranch/Hansen Uranium Project, evaluating all potential mining methods.Black Range Minerals Ltd. Not To Pay Interim Dividend
Black Range Minerals Ltd. announced that no dividends have been paid or provided for during the half-year ended December 31, 2009 (2008: $Nil).Black Range Minerals Ltd. Announces Farm Out Agreement With Great Western Minerals Limited
Black Range Minerals Ltd. announced that it has entered into an agreement with Great Western Minerals Limited (Great Western), whereby Great Western has the right to earn an interest in the Company’s Koonenberry Base Metal Project in New South Wales by managing and funding further exploration at the project. The agreement concerns the Company’s exploration licences EL6400 and EL6464 in NSW, covering approximately 600 square kilo meter. The agreement provides that Great Western has the right to earn a 51% interest in the tenements by an expenditure on them of AUD1,000,000 over a two year period. Thereafter, subject to the right of Black Range to elect to maintain a continuing 49% participating interest, Great Western may elect to increase its interest therein to 75% by further expenditure of AUD1,000,000 over a further two year period.Black Range Minerals Ltd. Does Not Declare Dividend
Black Range Minerals Ltd. announced that no dividend was paid or declared by the Company in the year since the end of the period and up to the date.Black Range Minerals Ltd. Announces Acquisition Of Additional 4.7 Million Pounds Of U3O8
Black Range Minerals Ltd. announced that it has reached agreement to acquire a 100% interest in 51 mineral claims encompassing approximately 1,000 acres immediately adjacent to the Hansen Uranium Deposit in Colorado, USA. These claims host JORC Code compliant indicated and inferred resources in excess of 4.7 million pounds of U3O8. The consideration payable for the acquisition of these 51 mineral claims is the issue of 500,000 shares in Black Range Minerals Limited. The Company continues to pursue the acquisition of the remaining 51% interest in the Hansen Uranium Project, which the owners have formally declared is For Sale.Black Range Minerals Ltd. To Acquire 49% Interest In Hansen Uranium Deposit In Colorado
Black Range Minerals Ltd. announced that it has reached agreement to acquire a 49% interest in the Hansen Uranium Deposit in Colorado, USA. The Hansen Uranium Deposit is located immediately south of, and adjacent to the Company’s 100% owned Taylor Ranch Uranium Project. The Company has secured an option to acquire a 49% interest in the Hansen Uranium Deposit by way of agreement with NZ Minerals LLC. On or before the Company reaches commercial scale production at the Hansen Deposit the Company will issue NZ Minerals LLC a further USD2 million of shares in Black Range Minerals Limited and pay NZ Minerals LLC an additional USD2 million in cash. NZ Minerals LLC shall retain a 1.47% royalty interest in production from the Hansen Deposit. Black Range Minerals Ltd. Announces Issue Of Share
Black Range Minerals Ltd. announced the issue of 15,000,000 fully paid ordinary shares. As consideration for the purchase of the Jonesville Coal Project in Alaska.Black Range Minerals Ltd. Announces Acquisition of Jonesville Coal Project
Black Range Minerals Ltd. announced that it has secured a 100% interest in the advanced Jonesville Coal Project in Alaska, USA. The Jonesville Coal Project is located approximately 100 kilometres northeast of Anchorage, in the state of Alaska, USA. The project comprises two leases covering 1,450 acres. The Company also has the right to reprocess tailings from the historic Evan Jones Coal Mine. It has been estimated previously that around 500,000 tonnes of clean coal could be recovered from tailings reprocessing within this area. Black Range has agreed to purchase a 100% interest in the two leases from the current lease holders for the following consideration: the issue of 15,000,000 fully paid ordinary shares in Black Range Minerals Limited, within 14 days of transfer of the leases to Black Range Minerals Limited, and the payment of USD 2 million to the current lease holders on commencement of commercial scale mining within the current leases. In addition the current lease owners shall retain a 2.0% adjusted gross value royalty on all production from the project.Black Range Minerals Ltd. Enters Letter Of Intent With Uranium One To Jointly Develop Usa Uranium Project
Black Range Minerals Ltd. announced that it entered into a letter of intent with Uranium One Inc., to jointly pursue the development of their adjoining uranium projects in the Tallahassee Creek District of Colorado, USA. Uranium One currently holds an option to acquire a 39.2% interest in the Hansen Uranium Project. The owners of the surface rights to the Hansen Project currently hold a 51% interest in the mineral rights in the same area and declared their 51% mineral interest in the project is for sale. Pursuant to the letter of intent, Black Range and Uranium One have agreed to jointly pursue the acquisition of this 51% mineral interest. Provided such 51% interest is acquired by December 19, 2011, the two companies will consolidate their assets in the Tallahassee Creek district and establish a joint venture. It is intended that Uranium One shall initially hold a 60% participating interest in the joint venture and Black Range shall hold an initial 40% participating interest. Any consideration for the acquisition of the 51% mineral interest in the Hansen Project would be payable by the two parties in the same proportions.Black Range Minerals Ltd. Announces Issue of Equity
Black Range Minerals Ltd. announced the issue of 1,000,000 fully paid ordinary shares for a total total consideration of $130,000 as part consideration for the freehold purchase of approximately 160 acres in Weld County, Colorado, United States including 100% of surface rights and 100% of mineral rights.Black Range Minerals Ltd. Announces Issue Of Shares
Black Range Minerals Ltd. announced the issue of 500,000 fully paid ordinary shares at AUD0.045 each. Shares issued pursuant to exercise of options.Black Range Minerals Ltd. Announces Placement Of Shares
Black Range Minerals Ltd. announced that 372,158 fully paid ordinary shares at AUD0.045 each. Shares issued pursuant to exercise of listed options.Black Range Minerals Ltd. Announces Placement Of Shares
Black Range Minerals Ltd. announced the issue of 70,000,000 ordinary share at an issue price of $0.24 each. Purpose of the issue was placement as announced on May 16, 2007. Funds raised will be used for: funding further acquisitions, exploration and feasibility studies for Taylor Ranch Project $5,500,000; funding further acquisitions, exploration and feasibility studies for Eagle and Cyclone Rim Uranium Projects $2,050,000; funding further acquisitions, exploration and feasibility studies for Ferris Haggerty Copper Deposit $2,750,000; Airborne EM Survey Koonenberry Base Metal Project $350,000; new project acquisitions $2,500,000.Black Range Minerals Ltd. Announces Issue Of Share
Black Range Minerals Ltd. announced the issue of 5,780,000 ordinary share at an issue price of $0.045 each. The purpose of the issue was exercise of listed options.Black Range Minerals Ltd. Commences Drilling At Taylor Ranch Uranium Project
Black Range Minerals Ltd. announced that it has commenced drilling at its advanced, 100%-owned, Taylor Ranch Uranium Project in Colorado, USA.Black Range Minerals Ltd. Secures 100% Interest At Taylor Ranch Uranium Project
Black Range Minerals Ltd announced that it has secured a 100% interest in the rights to explore for and mine uranium on a further 1100 acres of land at its Taylor Ranch Uranium Project in Colorado, USA.Black Range Minerals Ltd. Announces Acquisition Of High-Grade Taylor Ranch Uranium Project
Black Range Minerals Ltd. announced that it has finalised the acquisition of the advanced, high-grade Taylor Ranch Uranium Project in Colorado, USA. The Taylor Ranch Uranium Project lies immediately along strike from the large, high-grade Hansen Uranium Deposit, which contains approximately 30 million pounds of U3O8 at an average grade of approximately 0.08% U3O8Black Range Minerals Ltd. Announces Commencement Of Drilling
Black Range Minerals Ltd. announced that it has commenced its inaugural drilling programme at the Eagle Uranium Project, located in southern Wyoming, USA. On completion of the drilling programme at the Eagle Project the drill rig will be moved to the Cyclone Rim Uranium Project, located approximately 20km away, for further work. Approximately 80 holes have been drilled at the Eagle Project previously, and a further 115 holes have been drilled at the Cyclone Rim Project.Black Range Minerals Ltd. Announces Completion Of Share Placement
Black Range Minerals Ltd. announced that the Company has received applications for 20,604,070 shares at AUD 0.048 per share, pursuant to the Share Purchase Plan announced earlier, to raise AUD 998,995. The Company has also completed the Placement of 65,000,000 shares at AUD 0.048 per share to domestic and overseas sophisticated and institutional investors, to raise approximately AUD 3.12 million.Black Range Minerals Ltd. Announces AUD $3.12 Million Placement; Commencement Of Drilling At The Advance Eagle and Cyclone Rim Uranium Projects
Black Range Minerals Ltd. announced that the Company has successfully arranged a placement of approximately 65 million ordinary shares at AUD $0.048 per share to raise approximately AUD $3.12 million with domestic and overseas sophisticated and institutional investors. progressing well. Funds raised through the placement and SPP will enhance the Company's ability to acquire several additional advanced uranium projects as well as an advanced, high-grade base metal deposit. The Company will commence its inaugural drilling programme at the advanced Cyclone Rim and Eagle Uranium Projects later this month. High-grade intersections of uranium mineralisation (including 1 metre at 0.18% U3O8 from 65 metres) are recorded in several wide-spaced reconnaissance drill holes within these new claims. The Company has recently completed compilation of all previous exploration data into a digital database.Black Range Minerals Ltd. And Uranerz Energy Corporation To Form Joint Venture In Two Uranium Projects In Wyoming, USA
Black Range Minerals announced that it has signed an agreement with Uranerz Energy Corporation of the USA to form a joint venture to explore and develop the advanced Cyclone Rim and Eagle Uranium Projects located in the Red Desert area of southwest Wyoming. Under the terms of the joint venture Black Range shall have the right to initially earn a 50% equity interest in the joint venture by managing and meeting the first US$750,000 in exploration expenditures on the Cyclone Rim and Eagle Projects, at no cost to Uranerz. During this first phase of exploration Black Range will be obliged to spend at least US$100,000 per year on exploration on the projects and to spend the first US$750,000 on exploration within three years of inception of the joint venture agreement. Once Black Range has spent US$750,000 on the projects its interest shall increase to 50%.Black Range Minerals Ltd. to Develop Uranium Projects for Uranerz Energy Corporation
Black Range Minerals Ltd. announced that it has signed a strategic alliance with Uranerz Energy Corporation, a uranium exploration and mining company. Under the terms of the strategic alliance the Company shall be primarily responsible for managing and conducting exploration programmes on advanced uranium projects identified by the strategic alliance partners. Once sufficient uranium resources have been delineated by Black Range, Uranerz Energy shall be primarily responsible for bringing these projects into production and their subsequent operation.Black Range Minerals Ltd. Intersects High Grade Copper Mineralisation AT Koonenberry Base Metal Project
Black Range Minerals Ltd. announced that it has intersected significant intervals of high-grade copper mineralisation during its second phase drilling programme at the Koonenberry Base Metal Project, located approximately 100km east of Broken Hill in western New South Wales. Analytical results from the first seven holes drilled during its current drilling programme have been received. Mineralisation was intersected in all seven holes and better results include: 11m at 2.04% Cu and 6.30 g/t Ag from 52m, 5m at 2.28% Cu and 5.28 g/t Ag from 225m, 5m at 2.02% Cu and 5.94 g/t Ag from 66m, 4m at 2.12% Cu and 3.40 g/t Ag from 130m, 4m at 1.51% Cu and 3.62 g/t Ag from 148m, 3m at 1.41% Cu and 3.53 g/t Ag from 106m All seven holes were drilled at the recently discovered Peveril Prospect, located two kilometres along strike from the Grasmere Copper Deposit.Black Range Minerals Ltd. Commences Second Phase Drilling At The Koonenberry Base Metal Project
Black Range Minerals Ltd. announced that it has commenced its second phase drilling programme at the Koonenberry Base Metal Project, located approximately 100km east of Broken Hill in western New South Wales. The Company has committed to complete approximately 5,000 metres of reverse circulation and diamond drilling during this programme.Black Range Minerals Ltd. Completes Drilling At Koonenberry Base Metal Project, Nsw
Black Range Minerals Ltd. announced that it has completed its first phase of drilling at the Koonenberry Base Metal Project, located approximately 100km east of Broken Hill in western New South Wales. The Company has drilled 38 holes for a total of 5,505 metres.Click Image To Access Uranium Stocks Australia
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