Trekkopje Client Focus

UraMin was established in February 2005, with the goal of developing global uranium properties. At the time UraMin’s projects included numerous exploration licenses in Chad, Mozambique, and Canada, as well as advanced exploration projects in four African countries, including Bakouma in the Central African Republic, and Rystkuil in South Africa, with Trekkopje in Namibia being the company’s largest project.

In June 2006, UraMin contracted SRK Consulting, Inc. to advance the project through a scoping study and ultimately undertake a Bankable Feasibility Study (BFS) for the Trekkopje Project, including several NI 43-101 Compliant Mineral Resource statements.

In June 2007, AREVA offered UraMin more than US $2.5 billion in cash for 100% of UraMin’s share capital in a friendly takeover bid. The transaction was successfully completed in August 2007, with ownership transferred to AREVA; the company was renamed AREVA Resources Southern Africa.

Iain Macpherson, the former UraMin MD said that:

SRK were carefully selected for the task with a view to providing a broad range of inputs to support the development of the business from a very early stage and remained an integral part of the process through to the eventual sale to AREVA. They provided a strong client focus from the outset and were able to complement the UraMin team seamlessly, right from the early scoping stage through to the production of the feasibility study.

SRK are of course renowned for their considerable technical and project management expertise and experience and UraMin consciously ensured that SRK worked as an integral part of the project team. This was essential in the early days and proved to provide considerable value add as the projects developed.

One of SRK’s key strengths turned out to be the ability to tailor their service to the evolving imperatives of the business. They were particularly valuable in the insight that they provided on both technical and business strategic issues as the projects advanced through the studies at the same time as UraMin itself evolved throughout the process.

I have no doubt that SRK contributed considerably to the success of UraMin and that they provided substantial value add to the business not only in the traditional technical areas, but also in the development of the business itself.

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