qld uranium, page-27

""""Gibson believes it may be another two years before any project in Queensland receives approval. Nevertheless, he argues that the decision “opens the door” for Paladin Energy to move its Mt. Isa joint venture project forward.

Mt. Isa is a 50:50 joint venture between Paladin and Summit Resources and contains 147 million lb of U3O8. Total measured and indicated resources currently stand at 106.2 million lb, grading 743 parts per million U3O8and inferred resources add 40.7 million pounds at 574 parts per million U3O8.

Paladin owns 82.08% of Summit’s shares, which gives it a 91.04% stake in Mt. Isa, or about 132 million lb of U3O8.

Gibson calculates that Mt. Isa is one of the largest undeveloped uranium projects in Australia, but it is also one of the lowest grade deposits. The Toronto-based analyst describes Mt. Isa as “relatively comparable” to the Yeelirie project that Cameco Corp. recently acquired in Western Australia.
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http://www.canadianminingjournal.com/news/queensland-lifts-ban-on-uranium-mining/1001792723/