The Valhalla uranium deposit, 40 kms north-west of Mt Isa, is majority owned by Paladin Resources and Areva has a smaller stake. It is part of a field that also includes the Skal and Anderson’s Lode deposits.
Valhalla’s total measured plus indicated resources are 28,778 tonnes U3O8 and the inferred resource is 5,824 tonnes U3O8.
As of May 2012, the Queensland Liberal National Party government has maintained previous state government policy of banning uranium mining.
In May 2012, Mount Isa’s mayor-elect Tony McGrady was lobbying for a change of state government policy. Mr McGrady, a former mines and energy minister, denied any conflict of interest despite being on the boards of two uranium mining companies − Laramide Resources, which owned the Westmoreland deposit on the Queensland/NT border, and Alligator Energy, with interests in the NT.
Below: video about uranium mining in Queensland:
[This webpage last updated May 2012]