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.

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

Aura Energy Limited (ASX:AEE), May 2014 – RCR company update:

May 9th, 2014

Few investors know that Aura Energy ASX:AEE one of Australia’s listed micro-caps (Mkt cap ~ $6m AUD) owns one of the world’s largest undeveloped uranium assets in a uranium mining friendly precinct.

Respected resource analysts RCR have published a company update:
Investment Comment: A re-rating of AEE is expected as key technical and permitting milestones at Reguibat are achieved – Scoping Study expected June ’14, and potentially a feasibility study 2H15, coinciding with an anticipated turnaround in the uranium price. We have a 12 month target price of $0.14/share ($27m). Mauritania is supportive of foreign investment, particularly in the extractive industries (oil, gas and minerals) and is attracting significant mining investment. The enormous Häggån project represents a free option – it is well positioned to deliver considerable value longer term as its scale and low cost position have potential to make it a world class uranium project. Click here for the full (free) pdf. report.

 

 

Greenland Energy and Minerals to change face of world energy

February 28th, 2014

As readers would know I have been a long term enthusiastic holder of Greenland Energy and Minerals. Today’s ASX announcement reinforces all that I have been saying. GGG has moved up to having the world’s second largest undeveloped uranium resource and likely the world’s ex-China largest Rare Earth resource … Both resources have been shown to be easily extracted, beneficated , separated and processed from an unusually non-refractory ore.

GGG will change the face of the heavy REE supply, dominate and likely decimate the light REE sector with it’s absolute dominance and provide a major source of cheaply produced uranium thus placing this Australian company at the forefront of the world’s energy suppliers.

Uranium demand exceeds supply –

December 17th, 2013

world-uranium-production-demand

Uranium mine production has not met annual nuclear fuel demand for the past 25 years. Although mine production has been closing this gaping supply deficit, a substantial shortfall still exists between mined uranium and reactor demand.

Since 1993, the Russian-USA “Megatons to Megawatts” program has mostly filled that shortfall, supplying about 9000 tonnes of U per year by converting highly-enriched uranium from USSR atomic bombs into low-enriched uranium for nuclear fuel. This uranium has provided 1of 10 Americans with electricity over the past 20 years. However, the last tranche from that agreement was shipped in late November. Read the full article pdf by “The Mercenary Geologist”

Aura Energy (ASX: AEE) SEVEN-FOLD U3O8 GRADE INCREASE CONFIRMED AVERAGE FEED GRADE RESULT ~ 2500 PPM

December 2nd, 2013

FURTHER REGUIBAT PROJECT BENEFICIATION TESTS CONTINUE TO PROVIDE EXCEPTIONAL RESULTS SEVEN-FOLD U3O8 GRADE INCREASE CONFIRMED AVERAGE FEED GRADE RESULT ~ 2500 PPM

Aura Energy Ltd (ASX: AEE, “Aura”) is pleased to announce that mineralogical investigation has confirmed the beneficiation potential of the Reguibat Project in Mauritania. This result confirms findings reported on 26th of September and 8th of October 2013 that significant upgrade of the Reguibat material is achieved through a simple beneficiation process leading to recovery of uranium using standard leaching conditions.

“The excellent ongoing Reguibat Project testwork continues to provide exciting and significant results which will impact on the future Project.” Aura’s Managing Director, Dr Bob Beeson, said.

“The further increase in the grade of the uranium-bearing material to 2,500ppm U3O8 through beneficiation provides additional encouragement that the Reguibat Project will require only modest-sized leaching facilities. Reguibat will be a relatively low capital cost and low operating cost option for extracting the uranium for each tonne of material mined.”

The additional size analysis conducted in these tests demonstrated that, by further reducing the screening size than previously reported, 89% of the mass could be rejected, while retaining 86% of the uranium. The average concentration of the product was 2,476ppm U3O8. This represents an upgrade factor of 7, achievable using simple beneficiation processes.

The high product grade with the resource grade of 334ppm U3O8. The composite sample of -300μm material from beneficiation tests from the upper level of a single mineralised zone, Ain Sder Zone 1, underwent mineralogy and additional size analysis. Mineralogical analysis using the QEMSCAN system showed that the deportment of uranium was exclusively with the carnotite mineral group. The carnotite occurs as extremely fine, liberated grains. The sulphate mineral content of the fine fractions was low.

”Reguibat is almost unique among calcrete uranium projects in that the beneficiation and leaching characteristics identified to date improve the Project substantially. Many calcrete projects are metallurgically problematic because of the difficulty of beneficiation, and long leach times. This is clearly not the case with Reguibat which shows excellent beneficiation and fast leach times,” Dr Beeson said.
The company is evaluating the commercial implications of these results.