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Uranium reserves in Mali 'highly encouraging': Australian company

by Staff Writers
Dakar (AFP) Feb 2, 2008
Australian mining company Oklo Uranium Limited said Saturday the result of prospecting for uranium in Mali was "highly encouraging", with widespread elevated uranium levels in the northeastern Kidal region.

A report Friday by the Dakar-based OuestafNews website was confirmed by the company in a statement obtained by AFP on Saturday.

Oklo has identified a large uranium province in northeast Mali with widespread elevated uranium levels and numerous uranium targets in an area covering 19,930 square kilometres (7,695 square miles), a statement said.

"Elevated levels of uranium have been identified in association with widespread 'hot' granitic terrains and volcano-sedimentary rocks within the company's Kidal projet," it added.

"The mid-survey results (...) where highly encouraging and provided a great impetus for the completion of the survey."

No details were given on the start of the exploration and the length of the next phases.

OuestafNews quoted Oklo as saying that the company invested nearly one million Australian dollars (610,000 euros/900,000 US dollars) in the project and was to invest as much in the next exploration phase.

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Australia seeks bigger anti-nuclear role: minister
Tokyo (AFP) Feb 1, 2008
Australia's new government will take a more active role against nuclear weapons, Foreign Minister Stephen Smith said Friday, pledging not to sell uranium to nuclear-armed India.

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