UraniumSA

UraniumSA is an ASX listed company that explores for uranium in South Australia. Established in 2006, UraniumSA has grown from small beginnings into a successful South Australian business with plans for continued growth.

In late 2007, UraniumSA discovered a significant uranium mineralisation at its Samphire project, approximately 20 kilometres southwest of Whyalla within the geological province termed the Gawler Craton.

Initial indications suggest this could be one of the most significant uranium discoveries in recent Australian exploration history and could bring significant benefits to the State.

The deposit is being considered for development using the low impact solution mining technique known as In-Situ Recovery (ISR), a technique used extensively elsewhere in the South Australia.

A field trial is due to commence at the Samphire site in late 2011 and will ascertain if the uranium can be extracted. The trial findings will determine the mining process and strategy for development should the discovery progress.