AUSTRALIA’S reputation as the world’s richest uranium prospect has been confirmed with the CSIRO upping the nation’s resource by more than a third.
The nation’s chief geoscientific body this week announced that Australia’s uranium resources had increased from 714,000 tonnes to 953,000 tonnes in the year to August.
And the report concluded that if areas deemed inaccessible — such as remote Queensland and Western Australia — and inferred resources are factored into the calculation the amount balloons from 1.22 million to 1.53 million tonnes.
According to a report from the CSIRO’s Geoscience Australia, mineable uranium resources increased 33.5 per cent in the eight months to August.
“At the end of 2006, Australia’s reasonably assured resources recoverable at costs of less than US$40/kg … were estimated to be 709,000 tonnes, which represents 36 per cent of world resources in this category,” the GA report says. (more…)