| Fri 6 Oct 2006, 15:20 | | sxr Uranium One Inc - News release |
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SXR
SXR
sxr Uranium One Inc - News release
sxr Uranium One Inc
(Formerly Southern Cross Resources Inc.)
(Incorporated in Canada)
(Registration number: 15096422420)
Share code on the JSE: SXR & ISIN: CA87112P1062
Share code on the TSX: SXR & ISIN: CA87112P1062
("Corporation")
390 Bay Street, Suite 1610
Toronto, Ontario M5H 2Y2
Trading Symbol: SXR - Toronto Stock Exchange, JSE Limited
NEWS RELEASE
October 6, 2006 Toronto, Ontario
Uranium One Publishes Technical Report on Honeymoon
Toronto, Ontario and Johannesburg, South Africa - sxr Uranium One Inc.
announced today that it has filed on SEDAR (www.sedar.com) an independent
Technical Report prepared by Mayfield Engineering Pty Ltd. and Aker Kvaerner
Australia in accordance with NI 43-101 on its Honeymoon In-Situ Leach Uranium
Project located in South Australia. The results of the feasibility study
were announced by the Corporation on August 29, 2006.
The Technical Report can be accessed on SEDAR (www.sedar.com) and is also
being made available on Uranium One"s website at www.uranium1.com
About sxr Uranium One
sxr Uranium One Inc. is a Canadian uranium and gold resource company with a
primary listing on the Toronto Stock Exchange and a secondary listing on the
JSE Limited. The Corporation owns the Dominion Reefs Uranium Mine in South
Africa and the Honeymoon Uranium Project in South Australia, as well as a
number of exploration projects. The Corporation holds an approximate 71%
interest in Aflease Gold Limited, which owns the Modder East gold project in
South Africa. Through a joint venture with Pitchstone Exploration Ltd., the
Corporation is also engaged in uranium exploration activities in the
Athabasca Basin of Saskatchewan.
For further information, please contact:
Neal Froneman Chris Sattler
Chief Executive Officer Vice President, Investor Relations
Tel: + 27 11 482 3605 Tel: +1 416 350 3657
Cautionary Statement
No stock exchange, securities commission or other regulatory authority has
approved or disapproved the information contained herein.
This News Release includes certain "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995 and "forward-
looking information" within the meaning of applicable Canadian legislation.
All statements other than statements of historical fact included in this
release including, without limitation, statements regarding potential
mineralization and reserves and future plans and objectives of Uranium One,
are forward-looking statements (or forward-looking information) that involve
various risks and uncertainties. There can be no assurance that such
statements will prove to be accurate and actual results and future events
could differ materially from those anticipated in such statements. Important
factors could cause actual results to differ materially from Uranium One"s
expectations. Such factors include, among others, the actual results of
exploration activities, actual results of reclamation activities, the
estimation or realization of mineral reserves and resources, the timing and
amount of estimated future production, costs of production, capital
expenditures, costs and timing of the development of new deposits,
availability of capital required to place Uranium One"s properties into
production, conclusions of economic evaluations, changes in project
parameters as plans continue to be refined, future prices of commodities,
possible variations in ore grade or recovery rates, failure of plant,
equipment or processes to operate as anticipated, accidents, labour disputes
and other risks of the mining industry, delays in obtaining governmental
approvals, permits or financing or in the completion of development or
construction activities, Uranium One"s hedging practices, currency
fluctuations, title disputes or claims limitations on insurance coverage, as
well as those factors discussed under "Risk Factors" in Uranium One"s Annual
Information Form and Management"s Discussion and Analysis as filed with
securities regulatory authorities in Canada. Although Uranium One has
attempted to identify important factors that could cause actual results to
differ materially, there may be other factors that cause results not to be as
anticipated, estimated or intended.
There can be no assurance that such statements will prove to be accurate as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not place undue
reliance on forward-looking statements. Uranium One does not undertake to
update any forward-looking statements that are included herein, except in
accordance with applicable securities laws.
To receive the Corporation"s news releases by email, please register on
Uranium One"s website - www.uranium1.com
Date: 06/10/2006 03:20:03 PM Produced by the JSE SENS Department
