more good news

Would be more good news for DYL if QLD ban is lifted as Aus assets contribute zip to current valuation:

http://news.ninemsn.com.au/national/8533078/lets-talk-about-uranium-mining-qld-govt

Let's talk about uranium mining: Qld govt
18:04 AEST Fri Sep 14 2012

Queensland's government is calling for public debate on uranium mining after miners urged it to lift a decades-long ban.

Resources Minister Andrew Cripps called for discussion on Friday after the Queensland Resources Council (QRC) said it was time to overturn the ban.

"Uranium mining has not been the subject of a serious public discussion in Queensland for many years," he told AAP.

"The government is keen to hear all views."

The state's last uranium mine, Mary Kathleen, closed in 1982.

"A generation of Queenslanders have never experienced or contributed to this debate," Mr Cripps said.

Western Australia and the Northern Territory currently allow uranium mining and QRC president Michael Roche said in an article on Friday it was time to follow suit.

"The time is ripe for Queensland to move from uranium exploration to mining," he wrote.

Summit Resources Australia (SRA), a subsidiary of Australia's largest uranium miner, Paladin Energy, hopes the ban will be lifted.

The company has invested about $40 million in a 1460-square kilometre site near Mount Isa where deposits could be worth $7 billion.

Spokesman Brendan O'Hara said SRA has been waiting to build a large open cut mine that would create hundreds of jobs.

"Construction costs would be in the hundreds of millions and it would employ hundreds," he said.

"It's nonsense that Queensland is the only mining state that doesn't allow uranium mining."