Background

Angela is a sandstone-hosted roll-front type uranium deposit (held 100% by Paladin) with an Inferred Mineral Resource of 30.8Mlb U3O8 located in the Amadeus Basin of Australia‚Äôs Northern Territory, approximately 25km from Alice Springs. 

In November 2006, Cameco Australia Pty Ltd and Paladin, in a 50:50 joint venture, won a tender in competition with numerous other applicants, for an Exploration Licence covering the Angela and Pamela uranium prospects.

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