Antinuclear

Australian news, and some related international items

Rio Tinto offloads Northern Territory uranium resources to Canadian company

Rio Tinto offloads NT uranium asset to Laramide, Australian Mining   Ewen Hosie

November 7, 2018 Rio Tinto has finalised its sale of the Murphy uranium tenements in the Northern Territory to Canadian company Laramide Resources.

The Murphy uranium tenements, located near the Queensland-NT border, were responsible for the production of high-grade uranium in the 1950s but have not seen much exploration since the 1970s. The tenements are contiguous to Laramide’s Westmoreland project in northwest Queensland.

The acquisition comprises the EL 9319 and EL 9414 exploration licences and several other applications across 683 square kilometres.

Laramide has paid Rio the first of three $150,000 cash payments to Rio Tinto as laid out in the terms of the agreement announced in July this year…….https://www.australianmining.com.au/news/laramide-completes-acquisition-rio-tinto-uranium-tenements-nt/

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November 8, 2018 - Posted by | business, Northern Territory, uranium

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