Barry FitzGerald: Your chance to get in on the uranium renaissance, Kazakh-style, just opened on the ASX

‘Garimpeiro’ columnist Barry FitzGerald has covered the resources industry for +35 years. share

The renaissance of the ASX uranium sector in response to the surge in prices for the nuclear fuel has been missing one key element for local investors.

The missing element has been exposure to the Kazakhstan uranium industry, the world’s biggest by a factor of three, and one based on the low-impact and low-cost in-situ recovery (ISR) method of extraction.

But fear not, the exposure void for local investors is being filled by ASX-listed explorer C29 Metals (ASX:C29) .The company has struck a deal to acquire the Ulytau uranium project near the historic Bota-Burum, one of the biggest Soviet era mines – Kazakhstan gained independence in 1991 – in the south of the country.The project comes with a historic high-grade estimate (it is not a JORC compliant resource estimate) of 9.85 million pounds grading 2,790ppm in what incoming […]

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