Western Prospector Group has taken the final regulatory step before making a formal application to convert its exploration licence at Gurvanbulag uranium deposit in Mongolia to a mining licence.

The company has filed an independent resource report with the Mineral Resources and Petroleum Authority of Mongolia and must now wait for resource approval before making the mining licence application.

The resource report conforms to Mongolian reporting standards and includes estimates of Gurvanbulag resources in terms of Mongolian resource categories. It takes into consideration Western's NI 43-101 compliant report that was prepared by SRK Consultants and filed in May 2007.

Western’s president and CEO Eric Bohren says: "The regulatory filing with the Mongolian authorities is an important step toward a mining license for Gurvanbulag, and a production decision.”

The near-term production strategy includes a feasibility study and strategic partnering program, both of which are to be completed this year.

The company has developed an extensive and scalable production infrastructure, including a 10 MW power line, 200-person camp, cellular phone connection to the national network and planning of an open pit coal mine to provide fuel for the Gurvanbulag buildings and mine air heating. Western has also created Mongolian-national training programs and scholarships.

In total, more than $71 million has been spent to date in project exploration, development and infrastructure investments.

www.westernprospector.com