Pine Creek uranium rights returned to PNX
The uranium rights over a large portion of tenure in the Pine Creek region of Northern Territory (NT) have returned to PNX Metals, after the expiry of a ten-year farm-in agreement with private company Oz Uranium.
The farm-in agreement was signed in November 2011.
PNX MD James Fox said previous explorer Thundelarra Exploration had discovered the near-surface Thunderball deposit and advanced other greenfield uranium disocveries directly adjacent to the Hayes Creek project.
“At the time of reporting in 2009, the uranium grades achieved at Thunderball were among the highest ever reported in Australia and highlight the significance of these returned rights to PNX and the pre-eminence of the Pine Creek uranium province,” said Fox.
Originally owned by Thundelarra Exploration, and subsequently transferred to Oz Uranium as part of a prior commercial agreement, the Hayes Creek uranium tenure received significant exploration focus between 2008 and 2011 including detailed geophysics, detailed mapping, surface sampling and drilling, which resulted in the estimation of a mineral resource at the Thunderball uranium deposit. As the resource is not Joint Ore Reserve Committee-compliant, it will be reassessed.
“The return of uranium rights over PNX’s approximate 1 500 km² of exploration tenure in the Pine Creek region of the NT is well timed with recent increased interest in uranium and its role in energy decarbonisation,” commented Fox.
Comments
Latest Multimedia
Showroom
Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...
VISIT SHOWROOM
Weir is a global leader in mining technology. We recognise that our planet’s future depends on the transition to renewable energy, and that...
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
