Wild Horse is an Australian-based, international uranium company focused on the development of supplies to the United States and Europe. The company aims to have uranium production by 2010 from its projects in the United States and Central Eastern Europe. Besides, the company has a portfolio of development and exploration projects, amongst others in South America. WildHorse primarily identifies and selects projects suitable for in situ recovery (ISR) uranium mining.
The Golden Eagle Uranium and Vanadium Project holds nine U.S. Department of Energy (DOE) Uranium/Vanadium Mining Leases, covering 22.7 km2 located in the Uravan Mineral Belt, Colorado USA. Technical reports for a number of the lease have been drafted based on historic data, however, exploration drilling and core analysis need to be completed in order to finalise these reports.
The leases will expire eight years after the courts complete their review of the Record of Decision (ROD) published in 2014 in the Federal Register and the DOE allows the lease holders to resume activates on their leases. It should be noted that the lease can be held beyond their expiration through continued renewals and the continuation of lease maintenance, including exploration work and future production. Historically these DOE leases have been renewed for 10 year periods after the expiration date; existing leases issued to past Lessee's have been renewed dating back to 1974.
Wildhorse also possess an option on Gold Eagle Mining Inc (GEMI) leases; GEMI has three DOE properties of which two have active operating permits. The Company has commenced a technical review of existing exploration information to determine the most appropriate manner to undertake further exploration activities.