MEE metex resources limited

lombardy ministers no grazie to metex

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    Todays SMH - potential not good news for Metex

    Desmond O'Grady in Rome
    October 28, 2006

    THE no-uranium movement in the Italian Alps is celebrating a victory over the Australian exploration group Metex Resources. Metex was seeking a permit to explore the uranium potential of the Valgoglio-Novazza zone, in a valley 85 kilometres north-east of Milan.

    The Italian energy authority ENI located uranium there in the late 1970s but dropped further work because Italy voted against building nuclear reactors.

    In a statement to the Australian Stock Exchange in September, Metex managing director Ian Walker said the area contained an estimated 870,000 tonnes of material which was expected to produce 130,000 tonnes of uranium, with an in situ value estimated at almost $200 million.

    A Metex press release described the Novazza site as
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