daly river uranium

Daly River uranium mine 'possible within three years'
Posted 2 hours 9 minutes ago
Updated 45 minutes ago


A mine could be established in three years depending of results from further tests. (ABC TV)

Map: Daly River 0822
An exploration company says it's excited about early results showing possible uranium deposits in the Daly River region.

The region is not currently being mined for uranium, but Territory Uranium's managing director Ian Bamborough says the company's identified five areas on Tipperary Station that it will do further tests on.

"The two tenements that have really yielded some good results are located east of Daly River, west of the Stuart Highway, and are centred on the Daly River itself."

Territory Uranium has done tests on the area from planes carrying equipment which measure radiation coming from possible uranium deposits.

Mr Bamborough says it's very early days, but if further tests show mining is worthwhile a mine could be established in three years.

"Once you're onto something, we really accelerate our exploration programs and it really depends on where the tenure of what you've found as to how quick something can develop.

"In mining terms, three years is not a long time."