{"id":8916,"date":"2025-02-21T13:09:37","date_gmt":"2025-02-21T02:09:37","guid":{"rendered":"https:\/\/yinghuiinternational.com\/?p=8916"},"modified":"2025-02-21T13:38:19","modified_gmt":"2025-02-21T02:38:19","slug":"olympic-dam-the-worlds-largest-uranium-deposit","status":"publish","type":"post","link":"https:\/\/yinghuiinternational.com\/index.php\/2025\/02\/21\/olympic-dam-the-worlds-largest-uranium-deposit\/","title":{"rendered":"Olympic Dam: The world\u2019s largest uranium deposit"},"content":{"rendered":"\n

<\/h1>\n\n\n\n

\"\"Tom Parker<\/a><\/p>\n\n\n\n

\"Olympic<\/figure>\n\n\n\n

Image: RHJ\/adobe.stock.com<\/p>\n\n\n\n

While the likes of Kazakhstan, Canada and Namibia are known for being dominant uranium producers, Australia lays claim to the world\u2019s largest uranium deposit.<\/p>\n\n\n\n

Olympic Dam, which is seemingly one of the most geologically and mineralogically diverse mines globally, holds more than two million tonnes of uranium oxide.<\/p>\n\n\n\n

The mine also produces copper, gold and nickel from its polymetallic treasure chest, demonstrating the range of revenue pathways on offer for its owner BHP.<\/p>\n\n\n\n

Olympic Dam produced 3189 tonnes of uranium in 2024. By comparison, the nameplate capacity of Boss Energy\u2019s recently reopened Honeymoon operation is 2.4 million pounds (1088 tonnes) per year.<\/p>\n\n\n\n

Boss is targeting 850,000 pounds (386 tonnes) of uranium production in the 2024\u201325 financial year.<\/p>\n\n\n\n

BHP is looking to more than double the copper production capacity of Olympic Dam by the middle of next decade. Uranium production isn\u2019t expected to increase at the same scale, however, which has been news to the ears of many investors<\/a>.<\/p>\n\n\n\n

The Australian Financial Review<\/em> reported that BHP disclosed such plans in paperwork concerning its Olympic Dam expansion, with only a one per cent uplift in uranium production expected.<\/p>\n\n\n\n

A boost in Olympic Dam uranium supply would flood the market and potentially suppress prices and uranium stocks.<\/p>\n\n\n\n

This comes despite expectations that global uranium demand is expected to increase<\/a> by 28 per cent between 2023\u201330, according to the World Nuclear Association (WNA).<\/p>\n\n\n\n

The WNA also predicts that between 2031\u201340, demand would double by 51 per cent.<\/p>\n\n\n\n

Honeymoon is not the only uranium upstart of recent times, with Lotus Resources looking to bring its Kayelekera project in Namibia online in the near future. Deep Yellow is also looking to commence production at its Tumas uranium project in Namibia.<\/p>\n\n\n\n

Uranium prices have dropped below $US70 per pound to begin 2025, having traded above this mark since October 2023. This is still much higher than historical levels, with uranium not reaching $US40 per pound for the better part of six years between 2015 and 2021.<\/p>\n\n\n\n

Subscribe to <\/em>Australian Resources & Investment<\/em><\/a> and receive the latest news on commodity prices, resource developments, executive movements and more.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Tom Parker Image: RHJ\/adobe.stock.com While the likes of Kazakhstan, Canada and Namibia are known for being dominant uranium producers, Australia lays claim to the world\u2019s largest uranium deposit. Olympic Dam, which is seemingly one of the most geologically and mineralogically diverse mines globally, holds more than two million tonnes of uranium oxide. The mine also … Continue reading “Olympic Dam: The world\u2019s largest uranium deposit”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[37,6],"tags":[],"class_list":["post-8916","post","type-post","status-publish","format-standard","hentry","category-clients","category-mines-and-quarry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p83F9T-2jO","jetpack-related-posts":[{"id":8536,"url":"https:\/\/yinghuiinternational.com\/index.php\/2024\/02\/27\/significant-high-copper-grades-unlocked-at-oak-dam\/","url_meta":{"origin":8916,"position":0},"title":"Significant high copper grades unlocked at Oak Dam","author":"yinghui","date":"February 27, 2024","format":false,"excerpt":"OLIVIA THOMSON Image: Phawat\/stock.adobe.com An exploration program undertaken by BHP at its Oak Dam copper deposit has identified high-grades of copper deep beneath the Olympic Dam ore body, with some grades equalling more than two per cent. The Oak Dam deposit is located 65km south-east of the Olympic Dam mine\u2026","rel":"","context":"In "Clients"","block_context":{"text":"Clients","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/clients\/"},"img":{"alt_text":"true north copper","src":"https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2024\/01\/Screenshot-2024-01-24-at-7.58.13%E2%80%AFam-1024x588.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2024\/01\/Screenshot-2024-01-24-at-7.58.13%E2%80%AFam-1024x588.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2024\/01\/Screenshot-2024-01-24-at-7.58.13%E2%80%AFam-1024x588.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2024\/01\/Screenshot-2024-01-24-at-7.58.13%E2%80%AFam-1024x588.png?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":8273,"url":"https:\/\/yinghuiinternational.com\/index.php\/2023\/05\/11\/putting-south-australia-on-the-global-copper-map\/","url_meta":{"origin":8916,"position":1},"title":"Putting South Australia on the global copper map","author":"yinghui","date":"May 11, 2023","format":false,"excerpt":"TOM PARKER The Carrapateena operation in South Australia. 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Highly radioactive and dangerous ore. Paladin Energy is looking to grow its global uranium footprint through the acquisition of Canadian-focused Fission Uranium. (PDN\u6536\u8d2d\u4f18\u8d28\u94c0\u77ff\u540e\u590d\u76d8\u8865\u8dcc5.1%\uff0c\u672c\u6b21\u914d\u80a1\u6536\u8d2d\u7a00\u91ca\u80a1\u4e1c\u6743\u76ca\uff0c\u5728\u80a1\u4e1c\u5c06\u8981\u770b\u5230\u62c9\u683c\u77ff\u6709\u6536\u76ca\u7684\u65f6\u5019\u518d\u6dfb\u65b0\u541e\u91d1\u517d\uff0c2029\u5e74\u8ba1\u5212\u6295\u4ea7\u7684\u5e15\u7279\u68ee\u6e56\u9879\u76ee\u672a\u67655\u5e74\u95f4\u9884\u8ba1\u975e\u5e38\u70e7\u94b1\uff0c\u8fd9\u4e5f\u662f\u80a1\u4e1c\u4eec\u6ca1\u6709\u56e0\u8be5\u6ea2\u4ef7\u6536\u8d2d\u5c31\u7acb\u5373\u7092\u9ad8\u80a1\u4ef7\u7684\u539f\u56e0\u3002) Fission shareholders would receive 0.1076 Paladin shares for each Fission share as part of the deal, which represents an\u2026","rel":"","context":"In "Mines and Quarry"","block_context":{"text":"Mines and Quarry","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2652,"url":"https:\/\/yinghuiinternational.com\/index.php\/2018\/03\/06\/australia-tops-the-world-in-nine-commodities\/","url_meta":{"origin":8916,"position":4},"title":"Australia tops the world in nine commodities","author":"yinghui","date":"March 6, 2018","format":false,"excerpt":"Federal Government statistics have been released showing that Australia has the world\u2019s largest identified resources in nine major mineral commodities. 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