Infini Resources is looking to expand its Yeelirrie North uranium project in WA by a whopping 368 per cent after applying for tenements to take its potential holding to more than 760 square kilometres.
Tapping into uranium’s future potential
As a vital commodity for countries that use nuclear power, Australia’s next wave of uranium miners are hoping to launch themselves into the export market to capitalise on the potential of a revival in prices.
Australia has the largest uranium resource in the world at 1.174 million tonnes or 34 per cent of the global total.
While it is the third largest producer of the commodity, there are currently only three active uranium mines in Australia as 2021 begins.
The fuel for nuclear power reactors, uranium is a cleaner source of power compared with fossil fuels such as coal and oil.