The preliminary due diligence report on the first phase of a uranium mining project in Kazakhstan has produced positive results.
The property is owned by Tselinny, a state-owned company centred on uranium mining and processing at Stepnogorsk in north-central Kazakhstan. World Wide Minerals (WWS-T) has secured the exclusive right to acquire a 90% interest in Tselinny.
The report concludes that the mine would be capable of producing uranium competitively on the world market, and Tselinny is pursuing discussions with the Kazakhstani government regarding the potential size and cost of the operation.
World Wide expects to make a decision on the project by October.
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