Significant Progress Made On The Acquisition Of The Hansen Uranium Deposit

Published on Tuesday August 02 2011

Black Range Minerals Limited (ASX:BLR) is very pleased to advise that all conditions precedent pertaining to the definitive agreement, executed with STB Minerals LLC ("STB") earlier this year, to acquire its 51% interest in the Hansen Uranium Deposit in Colorado, USA, have been satisfied.

This is an important milestone for the Company as the owners of the surface rights over the Hansen Uranium Deposit have now explicitly approved mining of the deposit. Furthermore the ownership of the deposit (51% STB - 49% NZ Minerals LLC ("NZ")) has been categorically and indisputably resolved.

The Hansen Uranium Deposit itself hosts JORC Code compliant indicated and inferred resources totalling:

28.4 Mt at 0.064% U3O8 for 39.4 million pounds of U3O8.

This deposit is located immediately adjacent to the Company's Taylor Ranch Uranium Project. Combined these two projects host JORC Code compliant indicated and inferred resources of:

68.9 Mt at 0.060% U3O8 for 90.9 million pounds of U3O8.

The Company now has the exclusive rights to acquire 100% of the minerals rights on approximately 13,000 acres at these Projects.

Payment of additional consideration to STB and NZ

With all conditions precedent satisfied, in accordance with its definitive agreements with STB and NZ, the Company has made payments comprising US$1 million cash and US$1.25 million worth of shares in Black Range (30,585,140 shares) to STB and a further US$1 million cash and US$1 million worth of shares (27,996,857 shares) to NZ.

Transfer of 24.5% interest in the Hansen Uranium Project to Black Range Minerals Limited

          Having made the above mentioned payments to NZ, NZ will now irrevocably transfer 50% of its mineral rights (for a net 24.5% interest in the Hansen Uranium Project), to Black Range. The Company has the exclusive right to acquire NZ's remaining 24.5% interest in the Hansen Project by bringing it to production and making an additional payment of US$2 million in cash and US$2 million in shares.

The Company also has the exclusive right to acquire STB's 51% interest in the Hansen Project at any time in the next six years by completing certain work programs and by making additional staged payments. These comprise:

(i) US$1.25 million of shares in 6 months;

(ii) US$2 million in cash and US$7.5 million in shares at any time in the next six years. If this payment is not made within the next 3 years then in order to extend its option to acquire STB's 51% interest for a further 3 years the Company is required to pay an additional US$1 million in cash and US$1 million in shares.

Update of Previous Feasibility Study

A 10-12 diamond core-hole drilling program is progressing well at the Hansen Project. The purpose of this program is to acquire additional technical data so that the previous feasibility studies, which were undertaken on the Deposit during the early 1980s, can be updated.

A decision on the best development path for the project will then be made.
Background - Hansen/Taylor Ranch Uranium Project

The Hansen Uranium Deposit was discovered in 1977 and fully permitted for mining in 1981. The global uranium market subsequently collapsed and mining never eventuated.

More than 1,000 holes were drilled and three feasibility studies completed to evaluate the Hansen Deposit previously.

The Company now holds a direct 24.5% equity interest in the Hansen Uranium Project that covers approximately 3,500 acres and includes the Hansen and Picnic Tree Uranium Deposits. It also holds the exclusive right to secure the remaining 75.5% interest in this Project area, together with a 100% interest in a further 9,500 acres at the Taylor Ranch Uranium Project, which is located immediately adjacent to, and north of, the Hansen Project.

When applying a 0.025% cut-off grade, the JORC Code compliant indicated and inferred resource for the combined Hansen/Taylor Ranch Uranium Project comprises:

68.9 Mt at 0.060% U3O8 for 90.9 million pounds of U3O8

The high-grade and robust nature of the mineralisation at the Hansen/Taylor Ranch Project is demonstrated when applying a 0.075% cut-off grade to the resource calculation. The JORC Code compliant indicated and inferred resource for the combined Hansen/Taylor Ranch Uranium Project then comprises:

16.6 Mt at 0.120% U3O8 for 43.8 million pounds of U3O8

The combined Hansen/Taylor Ranch Uranium Project is one of the largest uranium projects within the USA - which as a nation is the largest consumer of uranium in the world. With domestic mines within the USA producing less than 10% of the uranium consumed in the country on an annual basis, the development of such a large and strategic asset should be regarded highly.

Black Range continues to advance feasibility and environmental studies at the Hansen/Taylor Ranch Uranium Project as quickly as possible.

For the complete Black Range announcement including tables and figures, please refer to the following link:
http://media.abnnewswire.net/media/en/docs/ASX-BLR-551920.pdf

About Black Range Minerals Limited

Black Range Minerals Limited (ASX:BLR) is an Australian Stock Exchange-listed company focused on growth through acquisition, exploration and development of resources projects.

The Company is focused on advancing the high-grade Taylor Ranch/Hansen Uranium Project in Colorado, USA towards production.

The 100% owned Taylor Ranch Uranium Project contains JORC Code compliant indicated and inferred resources of more than 60 million pounds of U3O8. Immediately adjacent is the Hansen Uranium Project, which the Company recently secured exclusive rights to acquire a 100% interest in. The combined assets comprise one of the largest uranium projects within the USA.

The Company is constantly assessing other investment opportunities, including the acquisition of additional quality projects in the resources sector.

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Black Range Minerals Top 20 BLRO Shareholders Update As At Tuesday 22nd Feb 2011

Published on Wednesday February 23 2011

Options exercisable at
A$0.045 expiring at 5pm
WST on 28th February 2011
BLRO  Total Number Of Securities 100,312,930 

Finalized  BLRO Holdings Update 22nd Feb 2011

Interesting to note change of BLRO (options) securities 
since  4th Feb 2011

BLR Top 20 Holdings as at Tuesday 22nd Feb 2011

Black Range Minerals (ASX: BLR) has positioned itself as potentially one of the larger uranium players in the energy hungry United States, with the exclusive rights to acquire 100% of the 30 million pound Hansen Uranium Deposit in Colorado.

Although not yet a JORC compliant resource, the acquisition is a coup for Black Range as it owns the 60 million pound Taylor Ranch Uranium Project located immediately adjacent to the Hansen deposit.

Which is all good news because Colorado has given a green light for the first new uranium mill in the United States in 25 years with the application by Toronto listed Energy Fuels Inc (TSX: EFR).

Black Range can acquire the 51% interest from STB Minerals LLC with consideration including both cash and scrip, with a six year option, with the company already holding an option to acquire the NZ Minerals LLC’s 49% interest, providing the 100% interest in the project.

Black Range has recently raised around $4.4 million which will enable the company to aggressively advance feasibility studies and mine permitting activities at the Taylor Ranch/Hansen Uranium Project.

Combined, the Taylor Ranch and Hansen uranium projects are one of the largest within the United States, with 90 million pounds of U3O8.

The will be no shortage of demand, as the United States currently consumes around 50 million pounds of U3O8 annually, which is just over a quarter of the globes consumption.

Under the consideration for the option, Black Range will pay STB Minerals US$1 million and issue US$2.5 million worth of shares, and undertake feasibility studies into a commercial scale mining operation.

Black Range shall pay STB Minerals a further US$2 million and issue STB US$7.5 million worth of shares when the option is exercised.

Hansen was discovered in 1977, and has been largely explored with around 1,000 holes previously drilled to define the deposit.

Mineralisation is hosted by a flat-lying sandstone sequence, with the high grade portion of the deposit being up to 45 metres in thickness.

Three feasibility studies were completed and the deposit was fully permitted for mining in the early 1980s; however, mining never eventuated because the global uranium price collapsed shortly after permits were awarded.

Black Range will now acquire additional metallurgical, geotechnical and hydrological data at Hansen in order to update previous feasibility studies, with permits already obtained for the additional data.

Although it has some work to do, based on current valuation of less than $50 million, Black Range Minerals is emerging as significant uranium player at a very undemanding valuation.

Latest Key Developments From 2005 - 2011

Black Range Minerals Ltd. Executes Definitive Agreement With STB Minerals LLC
Sunday, 20 Feb 2011 04:49pm EST 

Black Range Minerals Ltd. announced that it has executed a definitive agreement with STB Minerals LLC (STB) that provides Black Range an exclusive option to acquire the remaining 51% interest in the 30 million pound Hansen Uranium Deposit in Colorado, USA. The Company already holds an exclusive option to acquire NZ Minerals LLC's 49% interest in the Hansen Deposit. Hence the Company now holds exclusive rights to acquire 100% of the Hansen Uranium Deposit. Black Range has an exclusive, six-year option to acquire STB's 51% mineral interest in the Hansen Uranium Deposit and immediate surrounds. Once conditions precedent are satisfied, which is expected to occur within the next three months, Black Range shall pay STB USD 1.0 million and issue STB USD 2.5 million worth of shares in Black Range (based on Black Range's five-day VWAP for the period immediately preceding the issue of the shares). These shares will be issued in two tranches, 180 days apart. To exercise its option to acquire STB's mineral interest, Black Range shall pay STB a further USD 2.0 million and issue STB USD 7.5 million worth of shares in Black Range. These shares would be issued in two tranches, 180 days apart. The finalisation of agreements to acquire 100% of the advanced Hansen Uranium Deposit puts the Company in a very good position to develop a mining operation at the Taylor Ranch/Hansen Uranium Project.

Black Range Minerals Ltd. Exercises Listed Options
Wednesday, 16 Feb 2011 03:10am EST 

Black Range Minerals Ltd. announced that it has issued 2,621,448 fully paid ordinary shares for a total consideration of AUD 117,965.16. The issuance was made pursuant the exercise of listed options. 

 

Black Range Minerals Limited Announces Exercise Of Options
Thursday, 10 Feb 2011 10:43pm EST 

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
Thursday, 3 Feb 2011 03:33am EST 

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
Wednesday, 20 Oct 2010 05:35pm EDT 

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
Tuesday, 17 Aug 2010 08:53pm EDT 

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
Monday, 24 May 2010 12:41am EDT 

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
Tuesday, 16 Mar 2010 05:43am EDT 

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
Thursday, 15 Oct 2009 04:43am EDT 

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
Wednesday, 30 Sep 2009 07:29am EDT 

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
Monday, 31 Aug 2009 06:24pm EDT 

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
Tuesday, 30 Jun 2009 09:25pm EDT 

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
Wednesday, 14 Jan 2009 02:47am EST 

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
Monday, 5 Jan 2009 06:06pm EST 

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
Thursday, 1 Jan 2009 06:01pm EST 

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
Tuesday, 6 May 2008 02:26am EDT 

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
Monday, 2 Jul 2007 01:38am EDT 

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
Thursday, 21 Jun 2007 11:33pm EDT 

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
Tuesday, 29 May 2007 12:07am EDT 

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
Friday, 18 May 2007 01:06am EDT 

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
Monday, 2 Apr 2007 08:24pm EDT 

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
Thursday, 8 Mar 2007 04:40pm EST 

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
Sunday, 26 Nov 2006 06:07pm EST 

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% U3O8

Black Range Minerals Ltd. Announces Commencement Of Drilling
Wednesday, 25 Oct 2006 12:42am EDT 

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
Thursday, 12 Oct 2006 02:55am EDT 

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
Thursday, 31 Aug 2006 07:46pm EDT 

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
Sunday, 18 Jun 2006 07:54pm EDT 

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
Monday, 5 Jun 2006 11:05pm EDT 

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
Monday, 22 May 2006 08:57pm EDT 

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
Thursday, 20 Apr 2006 10:15pm EDT 

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
Wednesday, 14 Dec 2005 09:33pm EST 

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.

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Currently Holding 1,530,000 BLR Securities

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Black Range Minerals Jonesville Coal Project, Alaska, USA

Published on Friday December 03 2010

On the Coal Front!

Here's a full summary of BLR's 
Jonesville Coal Project, Alaska, USA

In 2008 the rights to the mine, as well as two adjacent leases comprising 1,450 acres, were purchased by the Australian-based Black Range Minerals through a subsidiary called Ranger Alaska. This company holds a variety of permits related to exploration, testing, and the reprocessing of mine tailings from the Evans Coal Mine.

The Jonesville Coal Mine is considered to be a “low risk project…in close proximity to thermal dependent countries including South Korea, Japan, Taiwan and China” according to Black Range Minerals January 2009 press release.

The project comprises two leases covering 1,450 acres with coal measures found from surface through to around 800 meters depth. Twelve coal seams of thickness greater than one meter have been located at the Jonesville Coal Project mostly consisting of Highly Volatile Bituminous rank Coal.

Of these, seams #3 and #5 both reach a maximum thickness of 7Mtr's, with seam #5 averaging 6 Mtr's thickness & seam #3 averaging 4Mtr's thickness.

The thickness of the seven other Coal seams averages greater than 1.5Mtr's, with seams #7b & #6 and the lower Shaw bed locallt exibiting thicknesses of 6Mtr's, and 3Mtr's respectively.


Within the Jonesville Project the coal units are laterally extensive within a doubly plunging syncline. They are interbedded by Sandstone,Siltstone,Claystone and Carbonaceous Shales

BITUMINOUS

Bituminous coal is high-rank coal. It has high heat and low moisture contents and is harder than lower ranked coals. Bituminous coals are used in electricity generation and steel making processes, as well as, for industrial and municipal steam production applications. Bituminous coals are mined primarily in Appalachia, the Midwest and the West.

•Mined at Wishbone Hill - Sutton, Alaska

•Old coal - 50 million to 300 million years

•Very little moisture

•Low volatile matter - less than 10%

•High heat value

•Generation of steam to produce electricity

•Steel industry

Black Range Minerals speculates an inferred resource base of 130.7 million tons of coal (primarily south of the existing mine). Minor exploration occurred around the old mine site between 1990 and 1997, and in 2004, with no further mining undertaken. What came out of those years was the discovery of high quality coal resources south of the old mine site.

Black Range Minerals highlighted the access to great infrastructure: the Glenn Highway is only a little over a mile away, and the railroads are only 12.5 miles away with easy access to the port of Seward approximately 186 miles to the South, and Port Mackenzie 62 miles to the southwest and from there to the global market.

Black Range Minerals sees this as an “Opportunistic, very low cost acquisition” in which the current lease owners will get 2 percent royalty and the state of Alaska will receive 5 percent royalty on all production from the project.


Here's a brief description of what BLR's Jonesville Coal Project contains relative to Coal types.

BLR's Jonesville Project, contains Bituminous at around 12,000/12,500 BTUs-per-pound

Types of Coal

We use the term "coal" to describe a variety of fossilized plant materials, but no two coals are exactly alike. Heating value, ash melting temperature, sulfur and other impurities, mechanical strength, and many other chemical and physical properties must be considered when matching specific coals to a particular application.

Coal is classified into four general categories, or "ranks." They range from lignite through sub-bituminous and bituminous to anthracite, reflecting the progressive response of individual deposits of coal to increasing heat and pressure. The carbon content of coal supplies most of its heating value, but other factors also influence the amount of energy it contains per unit of weight. (The amount of energy in coal is expressed in British thermal units per pound. A BTU is the amount of heat required to raise the temperature of one pound of water one degree Fahrenheit.)

About 90 percent of the coal in this country falls in the bituminous and sub-bituminous categories, which rank below anthracite and, for the most part, contain less energy per unit of weight. Bituminous coal predominates in the Eastern and Mid-continent coal fields, while sub-bituminous coal is generally found in the Western states and Alaska.

Lignite ranks the lowest and is the youngest of the coals. Most lignite is mined in Texas, but large deposits also are found in Montana, North Dakota, and some Gulf Coast states.

Anthracite

Anthracite is coal with the highest carbon content, between 86 and 98 percent, and a heat value of nearly 15,000 BTUs-per-pound. Most frequently associated with home heating, anthracite is a very small segment of the U.S. coal market. There are 7.3 billion tons of anthracite reserves in the United States, found mostly in 11 northeastern counties in Pennsylvania.

Bituminous

The most plentiful form of coal in the United States, bituminous coal is used primarily to generate electricity and make coke for the steel industry. The fastest growing market for coal, though still a small one, is supplying heat for industrial processes. Bituminous coal has a carbon content ranging from 45 to 86 percent carbon and a heat value of 10,500 to 15,500 BTUs-per-pound.

Sub-bituminous

Ranking below bituminous is sub-bituminous coal with 35-45 percent carbon content and a heat value between 8,300 and 13,000 BTUs-per-pound. Reserves are located mainly in a half-dozen Western states and Alaska. Although its heat value is lower, this coal generally has a lower sulfur content than other types, which makes it attractive for use because it is cleaner burning.
Lignite

Lignite is a geologically young coal which has the lowest carbon content, 25-35 percent, and a heat value ranging between 4,000 and 8,300 BTUs-per-pound. Sometimes called brown coal, it is mainly used for electric power generation.

For those Holders unaware of the proceedings currently in play "Read On" as we should be close to attaining an outcome.

___________________________________

Public Notice: Extension of comment period Jonesville Coal Mining Permit

by Sue Deyoe ~ October 11th, 2010

At the request of the local community, the Department of Natural Resources has extended the public comment period for the renewal of the Jonesville Coal Mining Permit Renewal.

The deadline to submit written comment closes at 5:00PM on Tuesday, October 19, 2010.

An application for the renewal of the Jonesville Coal Mine Permit (U-0201) has been filed with the State of Alaska, Department of Natural Resources, Division of Mining, Land and Water (DMLW), on December 9, 2009, from Ranger Alaska, LLC, 110 N. Rubey Dr. Suite 201, Golden Colorado, 80403.

The Jonesville Coal Mine is located in the Matanuska Valley approximately 11 miles northeast of Palmer, Alaska.

The mining area is approximately 2 miles northwest of Sutton, Alaska near the southeast portion of Wishbone Hill. The mining area can be found on the USGS Anchorage C6 quad map. The mining permit area is in Township 19N Range 3E Sections 9, 16, 17, 19, 20, and 21, Seward Meridian.

This request is to renew the existing permit for an additional five-year term. There are no changes or modifications to the operation and reclamation plans which have been proposed which would significantly alter the previously approved permit. The originally approved permit met the requirements of AS 27.21 and 11 AAC 90 subject to the stipulations of the original permits.

The permit renewal procedure is part of the Alaska Surface Coal Mining Program (AS 27.21 and 11 AAC 90). Copies of the original permit, transfer and renewal application and the preliminary findings document are available for review at the Alaska Department of Natural Resources, Division of Mining, Land and Water, 550 W. 7th Ave., Suite 920, Anchorage, AK 99501-3577. Inquiries should be sent to: Chuck White, at the Anchorage address listed above, by fax to (907) 269-8930, or by e-mail to chuck [dot] white [at] alaska [dot] gov.

Any person who is or may be adversely affected by the renewal of this permit may file written comments or objections and may include with an objection a request for an informal conference (AS 27.21.140). Comments may be filed by mail, fax, or e-mail at the address above, but must be received by the Department by 5:00 pm, October 19, 2010.

Outcome Pending

Russel Kirkham from Alaska's Dept. of Natural Resources points out where a new underground mine would enter the mountain if it were built. This proposed mine would require several new permits to happen.

Russel Kirkham from Alaska's Dept. of Natural Resources presents information on a permit renewal at Jonesville coal mine.

Photo taken during DNR's presentation at Jonesville mine.

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Black Range Minerals Hansen/Taylor Project 100% Aquisition Almost Complete

Published on Sunday November 21 2010

BLR 6 Month Chart

Black Range Minerals is currently in the process of amending its current conditional use permit to allow for expansion of mineral exploration into the adjoining Hansen Ore Body.

A CUP decision in BLR's favor next week (Tuesday Nov 23), will see the beginning a Major uptrend in share price. With a current Market Cap: of just $23,608,552 it values BLR's in-ground U3O8 resource at just 23cents P/Lb. inclusive to $5Million Cash reserves, so in reality 18cents P/Lb.  
*** NOTE Current UxC U3O8 Long Term Price US$62.00P/Lb.

It's entirely feasible that within, 18 months to 24 months from next week Black Range Minerals will have a mine underway, and as you probably already know most of the money (share price appreciation) is made on the run up to actual mining.

Here's a presentation Mike made at the Canary Events Uranium Conference back in July 2009. Pay special attention to the part about what will happen when they have all of Hansen.

HANSEN/TAYLOR RANCH URANIUM PROJECT

Colorado U.S.A.

Mike Haynes,
Managing Director,
Black Range Minerals Limited

Here's an Interesting article regarding the soon to be 100% Black Range Minerals, owned Hansen Uranium Project, I managed to find this article some years ago.

Hansen Property - Location and Access

The Hansen Property is comprised of NZ Uranium LLC's 49% interest in 2,560 acres in four sections of land: Sections 21, 22, 27 and 28 of Township 17 S, Range 73

W, 6th P. Meridan, Fremont County, Colorado.

The Hansen Property is located approximately 70 miles southwest of Denver, Colorado as shown on the following map. Access on to the Property is by light duty roads connecting with State Highway 9 and U.S. Highway 50 about 30 miles to the southeast.

Hansen Property - Climate and Physiography

The Hansen Property is located at 8,250 feet elevation in the open, grassy mountain valley of Middle Tallahassee Creek. The southwestern two thirds of the Hansen Property lies primarily in a flat alluvial plain while the northeastern third lies on a small, flat plateau above the alluvial plain. A small portion of the Property also lies on the steep slope between these two physiographic features. The Ore body, is located at modest depth and in sediments saturated with water of such poor chemical quality as to be unsuitable for other uses.

Hansen Property – History

The Hansen Property has a long history under Cyprus Minerals, having been named after James Hansen, a former Sr. V.P. of Mineral Exploration. In 1978 Cyprus sold a 49% interest in the property to Wyoming Mineral Corp., a wholly owned subsidiary of Westinghouse Electric Corp. Both companies planned to bring the Property into production by 1983 but when uranium prices dropped in the early 1980's Cyrpus dropped the project but retained the land. In 1996 New Mexico and Arizona Land Company, the parent company of NZ Uranium LLC, bought Cyprus' interest in the Hansen Property and 49% interest in the mineral resource was sold to NZ Uranium LLC.

Hansen Property - Geology and Mineralization

Uranium mineralization at the Hansen Property is hosted by the Eocene age Echo Park Formation. In the vicinity of the Property, these rocks consist primarily of interbedded sandstone siltstone, claystone and conglomerate of fluvial origin. 


Thickness of the Echo Park Formation varies from 0 to more than 800 feet. Also present locally at the Hansen Property are all three members of the Tallahassee Creek conglomerate which can be seen deposited in scour channel within the Echo Park members.

Uranium mineralization occurs as stratiform lenses within clayey sandstones, sandy mudstones and pebble to boulder conglomerates belonging to the lower members of the Echo Park Formation. 


The Hansen Property is historically described as a roll front type uranium deposit but does not display the typical crescent shape of a reduction-oxidation (redox) boundary, and hence ore zone geometry, that is sometimes observed elsewhere in these deposits. In general the mineralization is reduced but is surrounded by oxidized sediments.

Numerous historic resource estimates exist for the Hansen Property which range from a minimum of 18 million pounds to a maximum of 33 million pounds. This wide variation results from a variety of methods used to calculate the resource and differences in cutoff grades and thicknesses of mineralization. 


In 1978, Guenter Moldzio, as a consultant to Cyprus Exploration Company calculated an average resource of 24.5 million pounds of in-place uranium. These resource estimates are considered to be reliable and relevant but are based on prior data and reports obtained and prepared by previous operators, none of which have been independently confirmed by us. Accordingly, the historical estimates should not be relied upon. 


The Hansen Property will require considerable further evaluation which our management and consultants intend to carry out in due course.

Hansen Property - Proposed Work Program and Budget

We have not performed any work to date on the Hansen Property. Our current plans for the Property are limited to compilation of historical work as there are over 140 reports written about the Hansen Property. We expect that this compilation work will be performed coincidently with our compilation work for the Hosta Butte and McKinley Properties, with an estimated budget of $50,000.

Have just recently Added
(Further History of the Hansen Uranium Project)

Cyprus, Westinghouse planned mine

The Hansen property has a long history with Cyprus Mines Corp, where it was known as Cyprus Hansen.

In 1978, Cyprus sold a 49 percent interest in the property to Wyoming Mineral Corp., a wholly owned subsidiary of Westinghouse Electric Corp.

Westinghouse, which at the time was a major supplier of nuclear reactors, was hungry for uranium. Westinghouse was then faced with 14 lawsuits filed by 20 utilities after it cancelled uranium fuel supply contracts in September 1975.

The suits sought delivery of 69 million to 85 million pounds of uranium at contract prices over the following two decades.

Westinghouse was suing, too. It had antitrust suits going against 29 foreign and domestic uranium producers and their agents, alleging price fixing and allocation of uranium markets.

Back in 1978, Cyprus estimated reserves at the site were about 30 million pounds.

Hansen was named for James G. Hansen, Cyprus' former senior vice president for mineral exploration.

 

Open-pit mine planned

Cyprus was to be operator for all exploration, development and production at Hansen. Funding for licensing, development and construction of the open-pit mine and 3,000 tpd mill was to be provided by the two firms on a pro rata basis.

When Westinghouse bought in in 1978, the firms were looking at production by 1983.

But by 1980, the price of uranium had began to flag. In the early '70s, uranium sold for around $6 per pound, a price that rose as high as $43 by mid-1979. A year later, however, it had dropped to $30, a five-year low, on its way down.

The reason was oversupply. In 1979, producers turned out 37 million pounds of uranium oxide, while utilities consumed only24.8 million pounds.

Rich Canadian competition

At the same time, rich new deposits were being discovered in Canada and Australia with up to 30 times the grade as domestic ore, which averaged only 2.2 pounds per ton in 1979, down from 4.2 pounds in 1969.

By that time, Amoco (Standard Oil Co. of Indiana) had acquired Cyprus and the new company soon decided to abandon the Hansen project, which had a price tag of $225 million.

The decision also came soon after the Three Mile Island reactor incident, which further eroded uranium's image and demand.

Amoco and Westinghouse planned to wait until the market for uranium became more stable -- a situation that wasn't to occur.

This isn't the only uranium action in the Canon City area. Earlier this year, Cotter Corp. said it was reopening its uranium mill there, which closed in 1987.

The company will be spending about $1.5 million to refurbish the operation, taking advantage of a price that has risen to $16 per pound.

The Cotter mill could be on line by late 1997 or early 1998, producing 1.5 million to 1.7 million Lbs over three or four years.

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Black Range Minerals Seeks To Expand Uranium Exploration Of Taylor Ranch

Fremont County Commissioners decided at Tuesday’s meeting to table a request for approval of a conditional use permit for Taylor Ranch Exploration/Black Range Minerals Colorado LLC, to allow expansion of the mineral exploration area.

The issue was moved over to the Nov. 23 meeting. The proposed CUP amendment was tabled from the Sept. 28 board of commissioners meeting when the public hearing was closed.

“The board of commissioners has spent a number of hours throughout late October and the last few days trying to determine the exact direction on this application,” Commissioner Ed Norden said. “And much of that time has been spent as Bruce Smith, our water consultant with Western Water & Land, reviewed some of the information that he presented at the public hearing on Sept. 28.”

The board sought specific guidance from Western Water & Land, Norden said, and it took some time for Smith to generate particulars to possible proposed conditions for further exploration.

After a couple of conference calls with staff and Smith, coupled with several staff meetings, Commissioner Mike Stiehl said the commissioners would like to proceed differently. Instead of taking action before drafting conditions on the CUP, the commissioners first would like to set conditions.

“In this case, since our conditions are particularly complex, I think it’s important that we have a good understanding of what the conditions might be,” Stiehl said.

Smith sent a seven-page report with four pages of attachments to the board, regarding water monitoring during the exploration process. Norden said he did not feel the board has had adequate time to weigh all of the conditions to render a decision at Tuesday’s meeting.

Black Range Minerals Exploration Manager Ben Vallerine asked the commissioners to be able to weigh in on proposed conditions.

“I think it is our intent to get Black Range to react to the conditions, as well,” said Norden, “because of any logistics and consider that, and then probably get Bruce Smith’s reaction one more time.”

“I’m happy with that as a general decision of the board,” Vallerine said. “But, what I wanted to make sure was that I’d like to see these conditions in a draft stage and then have the opportunity to call in and negotiate.”

The conditions offer a great amount of detail from a language standpoint, Norden said.

 

Hansen Uranium Project

Immediately south of, and adjacent to the Taylor Ranch Uranium Project is the Hansen Uranium Project, which the Company recently secured exclusive rights to acquire a 100% interest in.

The Hansen Project hosts a series of uranium deposits within the same mineralized trend that hosts the deposits within the Taylor Ranch Project, and includes the North Hansen, Hansen and Picnic Tree uranium deposits. The Hansen Uranium Deposit is the largest of all of the uranium deposits within the mineralized trend (including those in the Taylor Ranch Project).

The Hansen Uranium Deposit was discovered in 1977. It immediately became the focus of a concerted exploration programme by previous owners that led to the definition of approximately 30 million pounds of mineable U₃O₈ at a grade of ~0.08% U₃O₈. A previous owner completed a positive bankable feasibility study on the Hansen deposit in the early 1980s and all permits were in place to commence open cut and underground mining and to construct an on-site processing facility. However the global uranium price collapsed prior to commencement of construction and until recently no further work was undertaken.

HANSEN/TAYLOR RANCH URANIUM PROJECT
Colorado U.S.A.

Mike Haynes,
Managing Director,
Black Range Minerals Limited

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