World Uranium Resources And Exploration

reserves are exploring to increase them.. Uranium exploration projects are known to be active or planned also in Guayana, Colombia, Ecuador, Peru, Chile, Bolivia, and Uruguay in South America; in the UAR, Nigeria, Angola, Mozambique, Malawi, Kenya, and Somali in Africa; and in Greece, Iran, Pakistan., Indonesia, and New Zealand. The above list, to which several might be added makes a total of at least 43 nations actively interested in exploration for nuclear raw materials. As we consider the distribution of the world's uranium resources, it is interesting to note that roughly one third of the total occurs in deposits that are economically dependant upon another product. The very large reserves of South Africa could not be produced for uranium alone, but gold has carried a sufficient part of the total cost that uranium can be recovered profitably. Approximately 40 percent of the US reserves, or 120,000 tons, are estimated as by-product recovery from porphyry copper and phosphate operations, but these reserves are not presently in production. The remaining two thirds of the world's uranium reserves have been sought, developed, and produced primarily for their uranium content. Those deposits are estimated to contain 613,000 tons of uranium oxide recoverable at less than $10 per pound. Nearly half of that uranium occurs in unmetamorphosed sandstone hosts, mostly of late Phanerozoic age--the Colorado Plateau type. About 30 percent is contained in the quartz pebble conglomerates of southern Ontario, Canada, and 20 percent is in magmatic-related deposits--veins, contact deposits, mineralized breccias, etc.