Xtract Resources abandons plans to acquire Namakwa uranium deposit

11th Apr 2014 12:27

Xtract Resources said on Friday that having completed due diligence on the Namakwa Uranium Deposit in South Africa, it had decided to abandon its acquisition plans."The board has concluded that this project does not meet its investment criteria and will therefore not be proceeding with the acquisition of the project," a statement by the company read. Shares in the group rose 0.44% to 0.226p by 12:30.NR