Overview of the Uranium Research Project
Australia has greater known uranium resources than any other country and holds 24% of the global uranium endowment. From around the mid 1970’s, the adverse economics of uranium mining and politics resulted in no systematic uranium exploration in Australia for 30 years. Recently, these economic and political constraints have changed fundamentally and exploration for and the mining of uranium is fast gaining momentum in Australia.
A collaborative research agreement was signed in early 2006 between Regalpoint, a subsidiary of the Transcontinental Group of companies, and the Centre for Exploration Targeting (CET). Prior to this study, most current exploration for uranium was following up targets and information identified during the 1970’s. Since the 1970’s a great deal of geological data has been derived and made available in pursuit of other minerals without being compiled and interrogated for uranium prospectivity, and no new exploration technologies have been developed.
The Centre for Exploration Targeting was established by the University of Western Australia, Curtin University of Technology and the exploration industry, with key funding support from the Government of Western Australia through the Centres of Excellence in Science and Innovation Program. With over 50 affiliated scientists and postgraduate students, the CET is the largest economic geology research group in the world that is focussed on mineral exploration and applied research towards more efficient targeting of mineral resources. The CET, a finalist in the 2006 Australian Mining Prospect Explorer of the Year Award, is recognised within academia and industry for its world-class fundamental and applied research and provision of knowledge and practical tools to the mining and exploration industries.
Under this agreement Regalpoint made available substantial funding to the CET for what is now widely regarded as the most significant study of uranium prospectivity in Australia over the last 30 years. This research program is the largest systematic assessment of uranium potential on a continent-wide basis and the largest prospectivity analysis that the CET has undertaken.
Key outcomes of this collaborative research project include:
- A significant “land bank” of greater than 17,000 square kilometers of uranium prospective ground
- Identification of new uranium prospective geological provinces
- Uranium prospectivity maps for the Northern Territory, Queensland, South Australia, Western Australia and Tasmania.
- A unique GIS database that enables Regalpoint to rapidly evaluate new business opportunities and assess any area in Australia in terms of its uranium potential
- A comprehensive database that contains information about the location, size, style and age of Australia’s uranium occurrences and deposits
- Up-to-date uranium deposit and exploration models
Regalpoint currently has rights over a number of exploration licenses covering prospective ground in the Northern Territory, Queensland, South Australia and Western Australia. Regalpoint has the rights to all mineral commodities with these areas.
- A unique GIS of uranium exploration datasets for the entire Australian continent that contains rigorously processed publicly available data and newly created derivative datasets.
- A comprehensive uranium prospectivity database for exploration targeting.
- A uranium occurrence database that includes information about the location, size, style and age of Australia’s uranium occurrences and deposits and that is far superior to those publicly available.
- Up-to-date uranium deposit and exploration models.
Schematic outline and methodology of the Regalpoint Collaborative Research Project