UEQ

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Uranium Equities Ltd., formerly Bullion Minerals Limited, is an Australian company engaged in the mineral exploration and evaluation. At June 30, 2006, it had a portfolio of 22 uranium exploration projects, in three Australian states. The Mount Evelyn Project comprising four exploration license applications for a total of 5,350 square kilometers in West Arnhem Land of the Northern Territory, targeting unconformity-related, uranium-gold-platinum group element (PGE) mineralisation; 20 projects, comprising eight granted exploration licenses and 19 exploration license applications covering 5,250 square kilometers in Western Australia, pegged over geology prospective targets for either sandstone-hosted deposits or surficial calcrete-hosted uranium deposits, and the Ben Lomond Project, comprising a single exploration permit for minerals (EPM) of 320 square kilometers in Queensland, partly surrounding the mining leases containing the vein style Ben Lomond uranium resource.


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