Nyang

Nyang

The Nyang Project is located about 960km north-northwest of Perth and approximately 150km south-east of the coastal town of Exmouth in the Carnarvon Basin, Western Australia.

On 1 June 2015, the Company signed a Heads of Agreement to sell its Carley Bore Uranium Deposit, within the Nyang Project, to Paladin Energy Limited, owner of the neighbouring Manyingee Uranium Project.

The Nyang in-situ leach (ISR) Uranium Project consists of one Exploration Licence Application E08/2923 located midway between the Manyingee and Carley Bore uranium deposits now owned by Paladin Energy Limited (PDN). The application covers 524 km2 of ground prospective for hosting similar roll front uranium occurrences as delineated at Carley Bore and Manyingee. Energia sold the Carley Bore deposit to PDN in exchange for 45 million PDN shares and $1.6 million cash.