Uranium, page-21

BHP did all the costing research and planning ten years ago then pulled the pin on u308 mining expansion at Olympic dam. The U308 spot price was USD$20lbd ish at the time.

No Doubt BHP has dusted off and has the ruler out again.
"BHP did scrap the expansion plans for the Olympic Dam. In October 2020, BHP announced that it had shelved a planned $3.5 billion expansion at South Australia’s Olympic Dam. The expansion was expected to increase Olympic Dam’s annual copper production from 200,000 tonnes to up to 350,000 tonnes, as well as boosting its level of gold, silver, and uranium production. The decision was described as a “body blow” for South Australia’s economy by the South Oz Premier at the time. .

However, more recent reports from January 2024 suggest that BHP has made promising discoveries at Olympic Dam. The company’s December quarter and half-year report hinted at a massive extension of its already huge Olympic Dam copper, gold, silver, and uranium deposit. The report mentioned having 12 drilling rigs working at Oak Dam to prove up a mineral resource estimate for release sometime this year. So, while the original expansion plans were scrapped, it seems that BHP is still actively exploring and developing the area."

With almost 80% of the U308 from Kazakhstan going to China and Russia we with already the 3rd largest Supply of u308 get a lot more interest from all European and North Amercian Nuclear power production, Fuel producers and the new big trading and hold it companies.