Australia's equities and exploration sectors can expect a high level of consolidation among uranium players in the short to medium term as the sector globally scrambles to discover greenfield deposits at sufficient rate to catch up with rampaging demand, a resources conference has been told.
The first uranium exploration drilling to be undertaken by newly-listed Toro Energy Limited, has commenced in far west South Australia.
One of the largest drilling programs to identify early signs of commercial uranium deposits in South Australia's far west has been announced by Adelaide-based Southern Gold Limited (ASX: SAU).
The Western Australian Government's ban on uranium mining is preventing development of uranium valued at $15 billion, according to Nova Energy Chairman, Mr Tim Sugden.
Oxiana Limited (ASX: OXR)("Oxiana") and Minotaur Exploration Limited (ASX: MEP) ("Minotaur Exploration") are pleased to announce the proposed float of Toro Energy Limited ("Toro Energy" and the "Company"), formed through the amalgamation of their uranium interests in the Gawler and Curnamona Cratons of South Australia, one of the world's most prospective uranium regions.
