Research ASX200: Forte Energy NL (FTE)

StoneBridge Snapshot – Forte Energy NL (FTE $0.11) – Excellent high grade U3O8 potential in Mauritania

• FTE is focused on exploring for uranium mineralisation at its two West African projects in Mauritania and Guinea.
• Areva NC, the world’s leading nuclear fuel cycle company, backed FTE with a $2.7M placement @ $0.135/share. Areva now has a 14.4% stake in FTE.
• The Bir En Nar project in Mauritania is the most prospective, where drilling in late 2007 returned a number of high grade intersections.
• FTE is set to commence a second round of drilling at Bin En Nar project in Mauritania in July 2009.
• Results of the second drilling program at the Firawa project in Guinea are being assessed and FTE expects to release an initial resource in the next few weeks.

View FTE Research

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