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The latter will aim to define targets for a maiden drilling program at Skull Creek, focusing on four strategically significant prospects – County Line, Blue Mountain, Skyline, and Railroad. Sampling these will also help to define the lateral extent of widespread surface uranium anomalies.

Pioneer is bolstered in this work by previous exploration, which has yielded high-grade uranium rock chips up to 1,240 parts per million (ppm) U₃O₈ (triuranium octoxide) confirmed in Sego Sandstone and Carbonaceous Shale.

The project’s prospectivity has also been underscored by radiometric anomalies peaking at 10,100 cps detected in key target lithologies.

Chief executive officer Michael Beven said the company was building on previous assessments of the territory.

“The previous surface exploration, which comprised geological mapping, rock chip sampling and the use of a spectrometer to detect radiometric anomalies, has been successful in identifying widespread uranium mineralisation across the exposed strike length of prospective lithologies, indicating the potential for large-scale uranium mineralisation to be hosted at depth,” he said.

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“The soil sampling program will enable us to potentially determine the lateral boundaries of the anomalism at the County Line, Blue Mountain, Skyline, and Railroad prospects, where known mineralisation exists prior to commencing phase two.

“Phase two will be aimed at sampling on a much broader scale [to detect] mineralised sandstone and shale layers elsewhere that are potentially buried under cover.”

PLN has been trading at 11 cents.

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The latter work – whose results have now been modelled extensively – has highlighted anomalies at the Jindare and Henbury projects, with this to be followed up by field mapping and sampling set for commencement later in 2025.

More specifically, the interpretation of results at Jindare showed 5 zones of discrete equivalent uranium (eU) anomalies which are notably higher than the project’s background rocks, requiring ground follow-up and sampling.

At Henbury, 10 uranium anomalies have been highlighted, with these being generally coincident with outcrop, suggesting the necessity of ground follow-up and sampling. Of particular interest is a 10km long arcuate eU response which is thought to be within ferricrete overlying Mereenie Sandstone.

Greenvale continues to invest in this pattern of exploration, progressing in-fill airborne magnetics/radiometrics at another uranium project in the Territory – Elkedra – with this entailing 3,525-line kilometres, while another NT project, Douglas River, is also the subject of magnetics/radiometrics conducted by MagSpec.

The company is also looking ahead to its launch of a field program at the Oasis uranium project in Queensland, which will begin in early June.

Greenvale shares have shifted up since the news, and at 11:11 AEST, they were trading at 4.9 cents – a rise of 2.08% since the market opened.

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Along the way, we’re joined by markets reporter Caroline Smith who also provides insights as we discuss the nuclear debate and the information – and mis-information (ie fear campaign!) – that’s been circulating in the sometimes ugly marketing and media circus surrounding the upcoming vote.

We look at a host of other promises from each side of the fence and address the biggest election issues: The cost of living and housing crises.

Before we go, you’ll hear us explore the question… Are Australia’s Prime Ministers paid enough to really attract the quality of talent needed to run a country?

For the full podcast episode, you can listen below – right here in the browser.

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Disclaimer: This article contains information and educational content provided by Jevons Global Pty Ltd, a Corporate Authorised Representative (AR1250727) of BR Securities Australia Pty Ltd (ABN 92 168 734 530) which holds an Australian Financial Services License (AFSL 456663). The Market Online does not operate under a financial services licence and relies on the exemption available under section 911A(2)(eb) of the Corporations Act 2001 (Cth) in respect of any advice given.

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So, is Liberal leader Peter Dutton right in claiming nuclear is crucial for Australia’s future energy needs? Or, Is Labor’s Anthony Albanese being responsible in saying the costs and historical risks outweigh the reward.

Hear from the experts at this week’s WA Mining Club May event at Perth’s Optus Stadium.

The panellists you’ll see in this debate filmed by HotCopper are:

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Pine Ridge – which is an in-situ recovery (ISR) uranium project located in Wyoming’s Powder River Basin – has now grown by around 85%, with 937 claims successfully staked across a territory of approximately 7,045 hectares (ha), or 17,408 acres.

These additional claims are comprised of previously unclaimed Federal mineral parcels, and bring the total area of the project to 15,130 ha (37,387 acres).

Managing director Andrew Ferrier said the expansion provided GUE with a strategic opportunity to make use of the region’s strong geological profile.

“Historical exploration, together with our own modelling of redox fronts, confirms the significant exploration upside,” he said.

“This additional staking is a critical step in unlocking the full value of Pine Ridge and accelerating our broader growth ambitions within the Powder River Basin.

“We’re also pleased to advance this next phase of work in partnership with Snow Lake Energy, whose commitment reflects the strength of our growing portfolio and shared confidence in the Project’s potential.”

GUE shares have moved up since this news, and at 13:01 AEST, they were trading at 5.9 cents – a rise of 3.51% since the market opened.

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The region’s governments are becoming increasingly aware of the need to shore up future supplies of a wide range of commodities and are working to attract more activity.

The region has been perhaps best recognised for lithium and the ‘Lithium Triangle’ spanning Argentina, Bolivia and Chile. However, with lower lithium pricing, the focus has shifted to include materials including gold, silver, copper, mineral sands, phosphate, uranium, and more.

Because many jurisdictions have been under-explored in Latin America, ASX-listed companies are finding projects of a quality that’s now very difficult to secure in Australia.

What’s also pleasing those companies working in the region is that operational costs, such as power and labour, are dramatically cheaper. They are finding that approval processes are moving faster.

In this webinar, you’ll hear about the risks and the potential rewards – with facts and figures for investors to consider.

We ask company leaders what attracted them to Latin American projects, we discuss the potential impacts of Donald Trump’s tariffs, and we look at their experiences in developing a variety of projects.

Our guests include experts and company leaders:

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The dataset – taken from the Namibian Ministry of Mines and Energy – confirms the project to have extensive, thick zones of uranium mineralisation.

Crucially, the mineralisation is consistent with the alaskite-hosted system present at the globally significant Namibia’s Rossing mine.

Intercepts and cumulative grade thicknesses – as evident in the dataset – include 72 metres at 140.1 parts per million triuranium octoxide for 1% U3O8 GT; 77 metres at 127.4 ppm U3O8 for 1% U3O8GT; 79 metres at 126.9 ppm U3O8 for 1% U3O8 GT; and 49 metres at 154.7 ppm U3O8 for 0.76% U3O8 GT.

The dataset is based on drilling by Xemplar Energy Corp between 2007 and 2009, including 161 reverse circulation holes and 11 diamond drill holes for a total of 31,685 metres.

From this, three zones of importance were identified: Areas One, Three, and Five, with each showing strong continuity of uranium mineralisation within alaskitic granites and the opportunity for expansion.

“Warmbad gives Pioneer an immediate presence in a globally respected uranium jurisdiction with scale, geology, and infrastructure,” CEO Michael Bevan said.

Pioneer now aims to capitalise through the use of this dataset to build its own resource definition program across what appears to be an impressive uranium system.

“This is a project that comes with over 30,000 metres of drilling already completed, with consistent mineralisation across multiple zones and strong indications of system size,” Mr Bevan explained today.

“It’s rare to gain access to a project of this calibre at such an advanced stage.”

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Mr Bevan added: “With nuclear energy reasserting itself as a cornerstone of global energy policy, we are confident that Warmbad will become a flagship asset for Pioneer and a key contributor to our growth strategy.”

PLN last traded at 11.5 cents today after a 4.17% fall in value.

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The agreement will see four granted tenements and two tenement applications – stretching over 177.3 square kilometres – transferred by Wyloo to Cauldron.

Crucially for Cauldron Energy, these tenements are close to those encompassing the Yanrey project, which is 100 kilometres south of Onslow.

The deal between the two companies comes after Cauldron won a court case in late 2024 concerning its attempted acquisition of a sand tenement in the Onslow area.

Earlier this month, Cauldon announced a maiden mineral resource estimate of 15.5 million tonnes (Mt) at 325 ppm eU3O8 (triuranium octoxide) or 11.1 million pounds (Mlbs) eU3O8using a cut-off grade of 100 ppm eU3O8 at Yanyre’s Manyingee South deposit, which one of the new tenements abuts.

“The acquisition of these six tenements is part of our strategy to expand our footprint at Yanrey in what we expect will prove to be a very fertile uranium province,” Cauldron CEO Jonathan Fisher said today.

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“Settlement of the long-running legal matter now allows Cauldron’s management to focus all of its energies on its uranium exploration activities at Yanrey.”

Cauldron shares have been trading at 0.8 cents.

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The explorer’s assay results are taken from chemical assaying of a previously drilled hole, OV047, which featured shallow, calcrete-hosted uranium.

Intercepts included two metres at 92ppm U3O8 (triuranium octoxide) from 26m, including one metre at 103ppm U3O8 from 27m; plus one metre at 82ppm U3O8 from 26m; and one metre at 72ppm U3O8 from 31m.

“These results from the first hole where the occurrence of shallow calcrete-hosted uranium was discovered underscore the significant potential of the Overland project,” managing director and CEO Travis Beinke said.

He continued: “The search for both shallow calcrete-hosted uranium, and sedimentary hosted, ISR amenable targets, continues in this frontier uranium play.”

Down-hole gamma responses and in-field pXRF measurements for contained uranium had already been taken for OV047 in the lead-up to drilling.

These Week 14 results confirm the validity of the measurements for AR3.

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The explorer has surmised these results indicate the potential for a widespread continuation of calcrete-hosted uranium mineralisation at the project.

AR3 has been trading at 7.5 cents.

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The estimate was made using a cut-off grade of 100 ppm eU3O8, and it brings the overall MRE for the Yanrey uranium project to 42Mlbs of eU3O8: This being a 35% increase from the previously reported number.

Cauldron referred to 78 aircore holes drilled in 2024 – plus five rotary mud drill holes completed in 2015 – to achieve the MRE for Manyingee South.

Yanrey stretches over 1,270 square kilometres in a uranium province of the same name and is located 100km south of Onslow. Its geology includes 80kms worth of prospective Cretaceous-age coastal plain and shoreline sediments.

CEO Jonathan Fisher declared reporting these numbers was a crucial step in Cauldron’s development in the area heading into the future.

“The Manyingee South deposit discovery, from our first exploration drilling programme since 2015, demonstrates the huge potential for additional uranium mineralisation to be discovered at Yanrey.”

He also acknowledged the WA government still has a ban on uranium mining.

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Mr Fisher added: “Cauldron is eagerly anticipating extending our exploration to the additional 20+ as yet untested targets within our Project area, and to potentially add substantially more uranium pounds at Yanrey.”

Cauldron last sold at 1cps today, a rise of 5.26% since market open.

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The new claims now under Basin’s umbrella – MC00022218 and MC00022219 – span 22.3 square kilometres and abut the Preston Creek prospect.

Drilling has already been run at Preston Creek, with 2024 results identifying a large-scalehydrothermal system in a complex structural corridor containing uranium anomalism.

Of the geophysical anomaly, 1.5 kilometres extends into the newly staked claims.

Managing director Pete Moorhouse said the company was pleased to have made these claims. “[Last year’s] drilling at Preston Creek highlighted a spectacular structure-related alteration system with uranium anomalism.”

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“This 1.5 km strike gravity anomaly, which remains untested to the northeast into the newly staked claims exhibits all the key elements typically found in basement-hosted high-grade uranium mineralisation. Securing the tenures contiguous to this system is a fantastic addition to the Geikie project.”

Basin has been trading at 1.5 cents heading into Wednesday.

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The company’s new targets – identified as the Big Radon, KP, KP North, and Leatherhead prospects – each run several kilometres and have either large alteration footprints within the McArthur Basin or extensive Radon Track Etch anomalies.

These point to the potential for substantial uranium mineralisation, given the importance of the McArthur Basin as an analogue to Canada’s Athabasca Basin, which is home to some of the world’s most considerable uranium mines.

McArthur holds a uranium endowment of 730 million pounds (Mlbs) and is prospective for large-scale unconformity-type uranium discoveries in particular.

Devex has been assessing – through a detailed review – the potential for finding a Jabiluka-style uranium deposit in its Nabarlek uranium project, given the age of the Jabiluka II deposit is similar to that of Nabarlek.

The review entailed the assessment of various unique datasets collected over 50 years since the discovery of Nabarlek, with this yielding the targets mentioned above.

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The company will begin field investigations next month to identify priority areas for drilling, with applications to drill recently lodged with the regulator.

DEVEX has been trading at 9.4 cents.

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Infini bought the Reynolds and Boulding Lake uranium projects for $100,000, plus the issue of 2,622,378 shares at 57 cents each. Performance rights were also included.

This means Infini now has a landholding stretching across as much as 931 square kilometres within the territory which has produced some of the world’s top deposits of uranium, including Cigar Lake and McArthur River mines.

In this are the Reynolds Lake project – which is 677 square kilometres, and features anomalous uranium located in lake sediments plus radiometric anomalies close to the Needle Falls shear zone – and the 254 square kilometres Boulding Lake project near territory containing radioactive boulders.

Both are within 100km of the McArthur River and Eagle Point high-grade uranium camps.

Executive director David Pevcic said having these projects in its portfolio is a major score for Infini. “The completion of this acquisition marks a significant milestone for Infini as we expand our footprint to the Athabasca Basin,” he said.

“With a strong focus on advancing our flagship Portland Creek Project, the addition of Reynolds and Boulding Lake complements our strategy to build a diversified and high-impact uranium exploration portfolio.”

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Mr Pevcic also added today: “We look forward to commencing exploration work and unlocking the full potential of these promising assets.”

Infini has been selling at 19 cents heading into Week 14 trade.

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Assays from 2024’s drilling work at the Western Margin Target Zone helped confirm a depositional model for sedimentary-hosted mineralisation there, through the correlation between the drill results and results from gamma and pXRF.

These included one metre at 51ppm (parts per million) U3O8 (triuranium octoxide) from 89 metres; one metre at 43ppm U3O8 from 102 metres; one metre at 61ppm U3O8 from 85 metres; and one metre at 39ppm U3O8 from 84 metres.

One crucial reveal from the drilling work was the anomalous uranium intersected over one-metre intervals at notable geological contacts between permeable sands and lignitic clays in holes OV012 and OV013.

Managing director and CEO Travis Beinke said these results boosted AR3’s expectations for Overland. “These assay results validate our geological model for ISR amendable uranium mineralisation,” he explained.

“To confirm there is a working system with uranium present so early in our exploration efforts is a great start and reinforces our confidence in the project’s potential.”

The latter also supports the case for in-situ recovery from the Overland project, given the suitability of this for the processing of permeable sediments.

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AR3 shares have moved down since the news, and at 13:02pm, they were trading at 8.2 cents – a fall of 4.65% since market open.

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The 7.73% acquisition entailed Patronus buying 49,144,000 shares in Emmerson Resources for a total consideration of $5.406 million at $0.11/sh.

In a Friday statement to the market, Patronus explained it had been guided by “recent corporate activity” in the region in question.

The portfolio held by Emmerson there, which includes 866,000 ounces of gold, also likely added to Emmerson’s attractiveness in terms of mergers and acquisitions and other corporate activity.

Patronus already has an investment in the Northern Territory, through its project of the same name – which covers 1,500 square kilometres of land in the Pine Creek Orogen – is rich in gold and uranium deposits.

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However, its flagship project is Cardinia, a gold project located in Western Australia’s Eastern Goldfields region, which has a mineral resource estimate (MRE) of 0.9 million ounces of gold, developed around oxide and deeper mineralisation at Cardinia East and Mertonvale.

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The exploration agreement was executed between WCN and the Délınę Got’ınę Government, with this facilitating the commencement of drilling work at the project, which is located in the Great Bear Lake area, noted as one of Canada’s largest uranium mining districts.

WCN has also received a one-year free extension of permits for Great Bear and is now awaiting final approval from Mackenzie Valley Land and Water Board.

The expectation is things should be all back in WCN’s hands in the next few weeks.

The company is also in the final stages of processing and interpretation of geophysical data taken from the project at the end of 2024.

“I’d like to thank the chief, elders, directors of the board, and community members of the Délınę Got’ınę Government for their collaborative review and agreement of the Exploration Agreement at Great Bear,” managing director Troy Whittaker said, adding he now anticipates a busy year of exploration ahead.

“The highly anticipated results from the MobileMT geophysical survey at Great Bear are expected within the coming months.

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“The data acquired through the survey is nearing final processing and interpretation by ourindependent experts – Southern Geoscience.

“We have seen how valuable the data can be at our Rae Copper Project and publishing of results here at Great Bear should prove to be exciting for Shareholders as we start to realise the potential at Great Bear.”

WCN last traded at 1.7cps – a fall of 5.5% since the market opened.

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At Prästrun, the focus was on niobium, uranium, and tantalum, with assay results including up to 0.43% niobium, with this accounting for 4350 parts per million, and 0.12% triuranium octoxide.

Alongside this – at Hakantorp – samples taken from interpreted piles of tailings close to the Frakengruvan historical iron ore pit picked up both uranium and rare earth elements (REE) mineralisation.

Assays here included 0.33 % U3O8 (3183 ppm) and 0.33% TREO (total rare earth oxides, at 3336 ppm) in one sample; 0.39% U3O8 (3867 ppm), 0.21% TREO (2094 ppm) in a second; and 0.20% U3O8 (1998 ppm), 0.27% TREO (2721 ppm) in a third.

Managing director Pete Moorhouse said the results have been very promising, particularly given this was still early-stage work. “The latest multi-element assay results are highly encouraging, confirming the potential presence of strategically important minerals within a multi-element mineral system.”

“With growing global demand for critical minerals essential to clean energy technologies, including nuclear power and advanced materials, these results position our project as a potential strategic asset,” Mr Moorhouse continued.

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“We look forward to integrating these results into our broader exploration model and continuing cost-effective fieldwork as the next steps to establish the full potential of these mineral-rich systems.”

Basin is continuing work at historical drill holes at the Virka project, focusing on structural core logging and multi-element assay sampling.

Basin shares moved up 6.6% after the news and was 1.6 cents each at 2:23pm.

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Th drilling conducted on hole OV047 showed an anomalous zone of mineralisation stretching across 6 metres in thickness, and more than 1 kilometre wide, open in all directions.

Early mineralogical assessments of drill cuttings from this hole show that mineralsation is calcrete-hosted, containing uranium in the secondary calcite cementation of both limestone and sandy sediments.

This confirms an additional uranium model, just as the data from this hole indicates a significant exploration target for AR3 to go after.

Managing director and CEO Travis Beinke said this result would boost expectations for the Overland project.

“AR3’s exploration team has delivered exceptional results with its 2025 drilling program,” he said.

“Confirming calcrete-hosted uranium, along with the previously identified ISR potential,significantly enhances the strategic value of our 4,000 km² land holding.

“This discovery validates our exploration approach and demonstrates the latent potential of the Overland project.

“We’re just scratching the surface of what’s possible. We’ll continue drilling through April and keep the market informed of our progress.”

AR3 has been trading at 8 cents.

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In the wake of the vote, HotCopper invited AMEC’s Mr Pearce for an interview to lay out what the industry needs and expects in this new term of State Government.

Top of the must-do list, according to AMEC: A reduction in red tape.

In the interview, Pearce talks about the need for faster approvals for companies working through environmental and cultural heritage approvals processes in WA.

He also discusses the need for moves on renewable and gas energy project pathways; urges Australia-wide acceptance of uranium; and, discusses the likely impacts of a unionised workforce on Rio Tinto’s (ASX:RIO) Pilbara mines.

Pearce also shares his opinions on U.S. President Donald Trump’s tariff regime.

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Drilling will be an immediate focus for the JV, building on the more than 1,200 holes completed to date at Pine Ridge, which has been found to have over 140 miles of redox fronts.

The goal will be delineation of a significant ISR resource base, keeping in mind the project is located in strong territory – in Wyoming’s Powder River Basin, and surrounded by globally significant projects owned by UEC and Cameco.

In the latter case, Cameco’s Smith Ranch uranium mill is only 15 kilometres from the project, and has a capacity of 5.5 million pounds triuranium octoxide per annum.

The acquisition was made from Stakeholder Energy and involved both Global Uranium and Snow Lake Resources, trading as Snow Lake Energy – the latter a U.S.-based uranium and nuclear energy company listed on the NASDAQ.

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The JV’s management is hoping to leverage its significant experience working with uranium, particularly in this region, with Snow Lake CEO Frank Wheatley joining the Global board as a non-executive director.

GUE has been trading at 7.1 cents.

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