Uranium miner looks to produce with ‘invisible mining’ method

Australia holds one third of the world’s reserves of uranium, with a history of mining dating back to 1954. While there was an initial blip of uranium mining in the early 1900s, primarily for medical and uses, exploration interest didn’t resurface until the 50s and 60s when the small yet mighty atom’s significance played out on the world stage and uranium was stockpiled following World War II, drawing innovative eyes to the yellowcake’s potential application as a fuel of the future. Many of Australia’s significant uranium deposits were discovered and mined between the 50s and 60s, as a second wave of exploration was ushered in amidst the development of civil nuclear power in the late 1960s. A total of about 60 uranium deposits were identified from the 1950s through to the late 1970s, many by big companies with big budgets according to the World Nuclear Association (WNA). Despite the initial promise, an underwhelming price environment meant the uranium industry stalled in Australia.

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