About Universal Resources Limited
Universal Resources Limited (ASX:URL) is an Australia-based company engaged in the acquisition of mineral tenements and the exploration and evaluation of them. In Queensland, the Company has a 100% interest in the Roseby Copper Project. Universal has acquired a portfolio of exploration projects in two of Australia's regions for base and precious metal exploration: the Mt Isa Inlier (the Mt Isa-Cloncurry area) of North West Queensland, and the southern Lachlan Fold Belt in New South Wales. The Company also holds a 100% interest in nine granted exploration permit for minerals (EPMs) in the Mt Isa Inlier. These tenements cover an area of over 3,500 square kilometers. In New South Wales, the Company has a 90% interest in two projects: Burra and Collector.
About Altona Mining Limited
Altona's core asset is the Cloncurry Copper Project near Mt Isa in Queensland and is one of Australia's largest undeveloped copper projects with a resource containing 1.52 million tonnes of copper and 0.38 million ounces of gold. The first development envisaged is the 7 million tonnes per annum Little Eva open pit copper-gold mine and concentrator. Little Eva’s proposed annual production is 38,800 tonnes of copper and 17,000 ounces of gold for a minimum of 11 years.
Altona Mining Limited