Australian Uranium Blog

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Posts on this website are general "tips" and nothing more than that and should never be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy.

Greenland Energy and Minerals ASX: GGG to update Kvanefjeld resource early 2015

December 17th, 2014

It seems possible that GGG Kvanefeld deposit will equal or move ahead of ASX: AEE‘s vast Haggan plus Reguibat uranium resources.

This coupled with GGG’s huge (world largest ex-China) rare earth resources puts GGG in an attractive position now that the Greenland elections are over with a pro-mining govt. taking the reins. This article is worth reading http://www.proactiveinvestors.com.au/companies/news/59662/greenland-minerals-and-energy-to-update-resource-estimate-59662.html especially after you see this image:

Aura Energy world's cheapest uranium – 2 announcements

November 26th, 2014

Aura’s ASX announcements today should be pleasing to share holders. The chairman’s address gives a quick understanding and represents a well written, easily understood, overview and the AGM presentation clearly shows that AEE is an as yet to be found by our broking community ASX listed elephant with quite extraordinary potential for a massive share price realignment.

I suggest that you download the two reports and have a read.

Note that I hold AEE

Social Media front runs Share Price for ASX Uraniums

November 11th, 2014

Social media analysis dialogix

Uraniums in lockstep sector recovery

We are using a new tool to analyze the sentiment for the uranium sector and also drilling down to a company level. The first image is for ASX: AEE. The second is the share price over the last month for several ASX listed uranium plays. Close analysis indicates that targeted social media analysis gives a heads up a couple of days before the share price moves. We are now working on momentum correlations. (And enjoying the gains)

ASX Uraniums lifting off over last 3 months

September 6th, 2014

Quite a lot in the press about the resurgence of interest in uranium as a power source with lots of articles citing new reactor builds and restarts coming over the next few years. Pleasingly my top pick of the ASX listed uranium plays, based on it having the world’s cheapest uranium in the ground (EV/Resources) with two, very large, low cost to mine, off-shore, resources in two uranium friendly provinces with one ready to go is leading the pack.

We tracked this company via a social media analysis tool (www.dialogix.com.au) prior to engaging with it and then used the data to invest. A newish way of doing things but in reality a subtler and earlier way of measuring “sentiment”.

Social media pays off for uranium investing trial

We will now run Dialogix across the various sectors (energy, copper, PMs, phosphate-potash, etc.) that seem to be coming into play and then drill down to the individual companies and invest accordingly.

Queensland opens the door to the global rare earth and uranium mining industry

September 1st, 2014

The State of Queensland in Australia has opened the door to the global rare earth and uranium mining industry for the right to explore for significant quantities of easily accessible light rare earth elements Lanthanum, Cerium and Neodymium.

A competitive tender process is now open for exploration at the former Mary Kathleen mine site, in the resource rich North West Queensland Mineral Province. When the mine was operational, it contained deposits of both uranium and rare earth elements, however only the uranium was extracted.

The Queensland Minister for Mines, Andrew Cripps has released a short video inviting the mining industry to Queensland.

Please see the attached media release for more information.

View the Minister’s video here:
https://www.youtube.com/user/MiningQld

Download the Minister’s video here:
https://drive.google.com/file/d/0BziGUQn4eBTuTFNPcTlkUVJnX1U/edit?usp=sharing

Tender website:
http://mines.industry.qld.gov.au/mining/call-for-tenders-mineral-exploration.html

US new nuclear plant Watts Bar 2 on time on budget

August 22nd, 2014

TVA recently revealed that Watts Bar 2 has now achieved over 90% completion, meaning the US’ first nuclear plant to come online in almost two decades will do so on time and within budget.

Bruce Schofield, VP Supply Chain and Facilities at TVA will share exclusive insight into how TVA has managed the construction program to ensure minimal cost and time overruns at the 6th Annual Nuclear Construction Summit (21-22 October, Charlotte, NC).

Get the program here including the full list of key speakers and all presentation details

Back for its 6th year, there are a whole host of new and exciting features for 2014:
• Regulatory and government insight from the NRC and Department of Energy Loan Programs Office will prepare you for the first stages of nuclear construction: financing and licensing
• The latest on VC Summer, Vogtle and Watts Bar from TVA, SCANA and Southern Co. will allow you to take away lessons learned from all the US’ active nuclear new build programs
• Utility, technology provider and R&D perspectives on SMR deployment will guarantee you benefit from current and future developments within this upcoming billion-dollar market

Australian listed companies control over a third of the world’s economic uranium resources…. Visit Australian Uranium for ASX listed uranium companies

GGG targets production of 7,000 tonnes critical rare earths, 1.1m pounds U3O8 per annum

July 22nd, 2014

Kvanefjeld Feasibility Study

The Feasibility Study is evaluating a mine, concentrator and hydrometallurgical refinery in Greenland treating 3 million tonnes of ore per annum.

The concentrator will produce 230,000 tonnes per annum of a rare earth mineral concentrate which contains 14% REO and 0.25% U3O8.

Refining of this mineral concentrate is expected to produce 7,000 tonnes per annum of critical rare earths (Pr, Nd, Eu, Dy, Tb, Y) 16,000 tonnes per annum of light rare earths (mostly Ce & La) and 1.1 million pounds per annum of U3O8.

GGG-main-processing-steps.png
Read full announcement

Nuclear Reactor Plants construction increasing rapidly

July 16th, 2014

 click image to enlarge

 Nuclear construction market analysis that has given me a valuable overview of coming nuclear industry trends.

With 73 reactors under construction, 172 planned and 309 proposed, the nuclear new build market
represents trillions of dollars’ worth of investment worldwide over the next 15+ years.

 Get a complimentary breakdown of all critical nuclear construction statistics here 

 This exclusive insight will provide you with:
  • Latest updates on Combined Operating Licence Application status’ in the USA to ensure you understand where the new build market will take off next in North America
  • Analysis of the global nuclear new build industry including market share, country breakdown and construction timelines to help you map out your construction strategy
  • Insight into new PWR, LWR and advanced reactor designs and their licensing status in the US to keep you up-to-date with NRC design certification progress

 

Uranium deficit by 2016

Open letter: Uranium, social acceptability and sustainable development

June 11th, 2014

Open letter: Uranium, social acceptability and sustainable development

MONTREAL, June 10, 2014 /CNW Telbec/ – The seventy Quebec scientists and professionals from industry and academia who have signed this open letter are committed to using their know-how in an ethical, socially-responsible and environmentally-responsible manner. Exploration for and development of any mineral, including uranium, cannot go against the public interest.

It is possible for the uranium industry to gain broad public support. In Saskatchewan, about 80% of the population supports uranium mining, including 76% of people in the communities and reserves of northern Saskatchewan, where the uranium mines are found (Fast Consulting, Intelligence Community, November 2013). Saskatchewan has been mining the highest-grade uranium deposits in the world for 60 years.

Several places in the world, including Labrador, Greenland and Queensland in Australia, recently lifted moratoria that they now perceive as unjustified. The role that nuclear energy could play in combatting global warming was underscored in the latest report of the Intergovernmental Panel on Climate Change (IPCC), an organization established by the United Nations Environment Programme (UNEP) and free from suspicion of complicity with industry.

In this context, the signatories question the relevance of the process established by the Bureau d’audiences publiques sur l’environnement (BAPE) on “Quebec uranium industry issues”. We are heading into a process that was borne of uranium fear mongering fueled by an archaic and biased view of the mining industry.

The question, in this period of fiscal restraint, is whether this “generic BAPE”, which will cost over $2 million of public funds, should even be held. The choice of Louis-Gilles Francoeur to chair the commission is also perplexing. Throughout his career, Mr. Francoeur has tended to echo uranium industry critics. The BAPE is an institution founded on the principle of absolute neutrality. What would become of the BAPE’s credibility if a former mining executive were appointed chairman of the commission?

We must not forget that all stages of the uranium industry, including its aspects of public health and environmental protection, are strictly regulated by federal and provincial legislation. It is impossible for any uranium deposit to be developed, and then mined, without the project meeting the most stringent standards and being subject to public hearings. The Canadian Nuclear Safety Commission (CNSC), a globally-recognized agency with no ties to industry, sets the standards and has permanent monitoring and, if needed, enforcement powers over all nuclear industry activities.

SOURCE Professional geoscientists from Quebec and uranium