The nuclear industry is actively looking at Thorium as a nuclear fuel. The Parliament of Australia briefly explored the potential for a Thorium producing industry in Australia. According to GeoScience Australia, Australia has monazite resources of 5.2 million tonnes. With an estimated Thorium content of 7%, that gives Australia a Thorium resource of around 364,000 tonnes. Nolan’s Bore-the location of Arafura’s REO operations-is a Thorium hot bed.
July 2nd, 2008 | Dan Denning | 2 comments | Continued