Anatolia Energy Announces Program of Work Commencement

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Anatolia Energy Limited (the “Company”) has successfully arranged A$6.2 million as announced on 17 September 2013. The funds raised are to enable the Company to conduct a substantial Program of Work.

The firms that Anatolia have appointed are the best in class, and we look forward to working with them over the next 9 to 12 months.”

Anatolia Energy Limited (the “Company”) has successfully arranged A$6.2 million as announced on 17 September 2013. The funds raised are to enable the Company to conduct a substantial Program of Work, including completion of an Environmental Impact Assessment, additional hydrological and metallurgical studies, a drilling program of 6,000 metres over approximately 50 holes, and culminating in a Pre-Feasibility Study. The outcome of this Program of Work should enable management to make development decisions for the Temrezli uranium ISR project.

The Company is pleased to announce that it has signed agreements with various firms to conduct multiple elements of the Program of Work, and has completed a scoping meeting with all parties to commence that Program. The firms appointed to conduct the various elements of the Program of Work are;

  •     SRK (Turkey & Colorado) – Environmental and Social Impact Assessment
  •     Tetra Tech (Colorado) – Pre-Feasibility Study, Program Co-ordination, Well Field Design and Engineering, and Metallurgical and Process Assessment
  •     Hydro Solutions (Colorado) - Pump Tests and Hydrological Assessment
  •     WWC Engineering (Wyoming) – Hydrologic Test Well Design and Oversight of Well Installation
  •     CSA Global (Western Australia) – Mineral Resource Estimate

Commenting on the appointments, Anatolia’s Managing Director, Jim Graham, said; “We are confident that we have been able to assemble a team of advisors and specialists with extensive Uranium ISR, and Turkish environmental compliance experience. The scope of each engagement will ensure a detailed Pre-Feasibility Study, to be delivered in Q3 2014, will be sufficient for management and the Board to make a development decision, and build the Temrezli ISR project with confidence. The drilling program underway at Temrezli and other satellite sites should both expand and re-classify the current JORC reportable Mineral Resource. We are confident of a positive outcome. The firms that Anatolia have appointed are the best in class, and we look forward to working with them over the next 9 to 12 months.”

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Emma Walton

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