The Company's strategic objective is to identify, acquire and quantify commercial uranium deposits in Tanzania where a sound working relationship with the local authorities and community can be demonstrated. Generally projects will be at the pre feasibility stage and will include those engaging in resource definition.
The company's primary focus is on the acquistion of high grade U308 resources, targeting production costs in the range of USD $ 25 - 35 / lb. Given that the long term consensus forecast for the uranium spot market price is circa $ 60 / lb this would give significant downside protection to the commercial feasibility of the company's assets.
Furthermore, prior to the completion of any acquistion, both the merits and risks are assessed by a committee comprising of legal, resource banking and geological experience with expert independent opinion being sought where required.
Figure: 1.1 Illustrates the Company's Strategy:
- - Company Vision
- - Company Values
- - Company Overview
- - Corporate Governance