Gascoyne uranium deal

ASX-LISTED uranium explorer U3O8 Limited and private company World Uranium have signed a binding heads of agreement over two tenements in Western Australia’s Gascoyne region.

The deal involves two tenements, some 300km east of Carnarvon, and will see U308 enter a farm-in with World Uranium to earn 51% equity in the project by spending $200,000 over three years.