The mineral ore content at Nabarlek mine is expected to be around 104.68 million tonnes and recoverable uranium or uranium oxide from these ores is expected to range up to 3, 36,000 tonnes.
The Northern Territory of Australia has granted three uranium exploration licenses to the joint venture (JV) between the two firms, in which RIL’s subsidiary RIL Australia will have a 49% stake and UXA will hold a 51% stake in the venture.
The JV has acquired heritage approvals and clearances for exploration and drilling at the Nabarlek site which will begin next month.
