Mining Analyst Stephan Bogner of Rockstone Research Ltd. has published a research report titled "Bright Stars in the Athabasca Basin Uranium Hunt" which was published on the following websites, among others:
The German version titled "Energiewende auf kanadisch - Die Antwort auf den deutschen Sonderweg" can be read via the following links:
After years of ebb, millions of Dollars are flowing into the exploration and development of new uranium deposits. Despite uranium prices holding stable at low levels, one can sense the start of a new exploration and discovery boom, however limited to the Athabasca Uranium Basin in Canada. And there is a reason for that.
The Athabasca Basin is a class of its own
Without a doubt, the Athabasca Basin is on the way to becoming the point of call for future uranium supply. Already today, it is home to both the world's largest and richest uranium mines: McArthur River and Cigar Lake. While the worldwide average mining grade is between 0.10% to 0.15% U3O8, Athabasca's mines operate with grades of around 20%. The difference is a factor of 200. This geological distinctiveness, coupled with the stable mining jurisdiction of Canada, is the fundament of the Athabasca Basin's special position in the world making it the place to be for both investors and mining companies.
New exploration methods are boosting the success rates
Uranium has been searched for in the Athabasca Basin since more than 60 years, however it was during the last decade only that the distinct geology and genesis of these types of uranium deposits were better understood. At the same time, the classic exploration techniques were fine-tuned so strongly with innovative high-tech that downright quantum leaps were made. The initial new discoveries happening around the Athabasca Basin since 2000 prove that case.
The most recent sensations about the exploration successes of Fission Uranium Corp. and NexGen Energy Ltd. would have not been made without the improved exploration methods that are in action since a few years only. A festival for its shareholders: After their spectacular discovery, Fission jumped to a market valuation of more than $400 million - virtually over night. NexGen, which is at an earlier stage of exploration, already enjoys a market cap of $60 million. Behind Lakeland Resources Inc. are the same people that were originally involved with the discovery of Fisson's Patterson Lake South Deposit. Lakeland owns 14 properties in the Athabasca Basin, whereas one has been optioned to a joint venture partner. On this property, one of the largest drill programs in the entire Athabasca Basin will start in a few weeks.
Learn with this Rockstone Report first-hand from an expert who knows the reasons, and calls a spade a spade, why the Athabasca Basin hosts some more major uranium deposits that are just waiting to be discovered: Project Geologist Neil McCallum from Dahrouge Geological Consulting Ltd. explains imposingly in an exclusive interview on what investors should pay attention to when looking at potentially prospective properties. With such information you may put any uranium explorer under the microscope yourself and come to the same conclusion as we do.
The full research report can be downloaded as a PDF with the following links:
DISCLAIMER: Neither Rockstone Research Ltd. nor the author was remunerated by Lakeland Resources Inc. to produce or publish this content. However, the author holds shares of Lakeland Resources Inc. and therefore would financially benefit from volume and price appreciation. The author may buy or sell securities of the featured company at any time, without notice to the market. Please read the full disclaimer in the PDF and on http://www.rockstone-research.com/ as none of this content is to be construed as an "investment advice".