🕐30.10.09 - 06:05 Uhr

Monaro Mining [ASX: MRO] - Quarterly Report September 2009



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Monaro Mining [ASX: MRO] - Quarterly Report September 2009

Monaro Mining (ASX: MRO) has released its Quarterly Report for the period ending 30 September 2009.

HIGHLIGHTS:

* Successful capital raising of $3 million to sophisticated investors.

Placement oversubscribed.

Funds to enhance key North American projects
* 250% increase in inferred uranium resources at Rio Puerco deposit, New Mexico USA
* Vale commits to second year of exploration and moves to Operator status over the Apache Basin uranium project, Arizona USA
* Kyrgyz uranium assets sold.

Monaro to retain 25% free carried interest until Pre-Feasibility study

Find more details in the attached announcement.

For further information, please contact:

Mart Rampe, Executive Director
+61 2 4647 9566

or

Jim Malone
Chairman
+61 419 537714

Media:
Luke Dean
Fortbridge
+612 9331 0655
+61 414 535 433



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