Orpheus Uranium Advances Australian Projects

Argonaut Resources (AU:ORP) has released an update.

Orpheus Uranium Limited has reported a productive quarter with the completion of its acquisition of the Frome Project and progress on several other uranium projects across South Australia and the Northern Territory. The company boasts a strong financial position with $4.98 million in cash and investments, and despite some permitting delays, is optimistic about its upcoming maiden drill program. Orpheus has strategically exited its Zambian exploration projects, further concentrating its efforts on its promising Australian assets.

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