The RWD team and associates assembled a 2200Km2 land package in Eastern Senegal at a time Uranium was out of favour. Senegal is a stable, proven mining jurisdiction with many exploration projects in the gold, mineral sands,  phosphate,  oil and gas consistently moving from the exploration phase to development and production.

The Saraya, project  was partially explored by the vertically integrated nuclear power giant Areva,  now Orano and was relinquished in the last down turn, which opened the opportunity for RWD to acquire the ground and significant amounts of historic data.

The project was financed via an agreement with ASX listed Haranga Resources.  RWD assembled an experienced operations and corporate team  for Haranga, to lead  the company towards discovery and development.  As a result, the first JORC resource was recently defined at the Saraya project consisting of 16.1 million pounds of contained U3O8. This team has defined extensive additional uranium anomalies, many of with much larger than the Saraya deposit footprint,  which remain untested by drilling and represent significant upside for new discoveries and resource expansion.

As the world starts to refocus on this significant carbon free energy source, suitable for sustained base load power generation, the price of uranium has been steadily increasing and combined with exploration success the value of the Saraya project is expected to move higher.

Source: https://haranga.com