Equity research update on Monaro Mining August 26, 2009

Monaro Mining (ASX: MRO) has been covered in an equity research report on uranium released by Resource Capital Research.

RCR’s quarterly report typically reviews companies listed in Australia, Canada, USA and UK and active in established uranium districts globally, including Australia, Canada, USA, Argentina, Peru, Mongolia, Zambia, Tanzania and Namibia. This quarter’s report covers covering 19 global uranium exploration and development companies.

The report outlines Monaro’s two 100%-owned US uranium projects entering pre-feasibility: Rio Puerco (in Grants Mineral Belt, NM) and Apex-Lowboy (NV). Resources 5.5mlbs U3O8 with significant upside. Leveraged to +US$8m spend by JV partners, including Vale (Apache Basin, AZ).

Click here to view the Monaro report.

For further information, please contact:

Mart Rampe
Executive Director
Monaro Mining
+61 2 4647 9566

Analyst – Trent Allen
Resource Capital Research
+61 2 9252 9405