Have court proceedings gone our way?? Have we got 50% of Mulga Rock:
http://www.anawa.org.au/wa/mulga-rock.html
This paleao-channel uranium deposit area is covered by a number of tenements both of mining (ML) and exploration (EL) status, established for the purpose of uranium mining extraction and development.
PNC origionally held 1,200 sq kms of the Officer basin area under EL’s. In August 1985, the Labor Government’s State Minister for Minerals and Energy, approved the upgrading of PNC’s EL’s to 10 ML’s covering a total area of 40.4 sq/km, these have since been reduced to the 9 listed above. This gave the Japenese Governments company PNC, secure tenement over these uranium deposits until 14th August 2006, these leases are even then renewable.
It is reported that a "pre-JORC" estimation of 13,000 tonnes of U3O8 in 10.8 million tonnes of rock at an average grade of 1.2kg/t U3O8 exists across these tenements.
PNC remediated the site at some time during the late 1990s, having filled in and rehabilitated the trenches. In 2000, Eaglefield began aquiring the tenements and conducting pre-feasibility work.
NOTE: this is before the 2002 ban on uranium mining came into effect. But I think they are only EL's, still would be nice to think they still had rights to an old ML??? Dreaming.
