ASX Uranium Shares

ASX Uranium Shares

Top ASX Uranium shares

Boss Energy Ltd (ASX: BOE)
Deep Yellow Limited (ASX: DYL)
Paladin Energy Ltd (ASX: PDN)
Bannerman Energy Ltd (ASX: BMN)

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GG BOEMI BOEFool BOEFB BOEChart BOE
GG DYLMI DYLFool DYLFB DYLChart DYL
GG PDNMI PDNFool PDNFB PDNChart PDN
GG BMNMI BMNFool BMNFB BMNChart BMN

Chart overview update 20/10/2023

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Uranium price UX1 chart

1. World Uranium Mining Production

(Updated August 2023)

  • About two-thirds of the world’s production of uranium from mines is from Kazakhstan, Canada and Australia.
  • An increasing amount of uranium, now over 55%, is produced by in situ leaching.

In 2022 Kazakhstan produced the largest share of uranium from mines (43% of world supply), followed by Canada (15%) and Namibia (11%).

Production from mines (tonnes U)

Country2013201520172019202020212022
Kazakhstan22,45123,60723,32122,80819,47721,81921,227
Canada933113,32513,1166938388546937351
Namibia4323299342245476541357535613
Australia6350565458826613620341924553
Uzbekistan (est.)2400238534003500350035203300
Russia3135305529172911284626352508
Niger4518411634492983299122482020
China (est.)1500161616921885188516001700
India (est.)385385421308400600600
South Africa (est.)531393308346250192200
Ukraine9221200707800744455100

Uranium price

The world’s largest public uranium company Cameco Corp (NYSE: CCJ)

2. BOE

Boss Energy Ltd (ASX: BOE) is a minerals exploration company. It holds interests in the Honeymoon uranium project located in South Australia. Boss describes the project as one of the few ready to participate in the new uranium bull market.

The company released an enhanced feasibility study for the Honeymoon Mine restart in June 2021. It determined changes to the mine’s processing plant would lower costs and increase financial returns. Construction work is underway at the site with first production forecast for the quarter ending December 2023.

Overview BOE

Financials

Chart with news BOE

News

DateHeadingPagesTime
17/10/2023FQM commences drilling for base metals at Honeymoon $58:12am
11/10/2023Boss commences Honeymoon mining operations $38:21am
03/10/2023Boss wins application to explore new uranium province $48:38am
03/10/2023COD: Coda Strengthens Regional Exploration Pipeline $78:18am
28/09/2023Growth at Honeymoon with two new satellite prospects $168:27am
12/09/2023Strong infill drilling results at Gould’s Dam deposit $138:34am
16/08/2023High-grade drilling results point to growth in mine life $158:13am
03/08/2023Honeymoon Achieves Project Milestone – NIMCIX delivery $38:18am
25/07/2023Quarterly Cashflow Report – June 2023 $58:27am
25/07/2023Quarterly Activities Report – June 2023 $58:20am

Key news on 03/08/2023

Boss Managing Director Duncan Craib saidthe IX circuit would drive efficiencies at Honeymoon, increasing production through put to nameplate capacity of 2.45Mlb/annum of U3O8while reducing ramp up time and technical risks. It will also reduce operating costs to industry benchmarks, including a forecast AISC of US$25/lb and cash costs of less than US$20/lb.

Let’s see “its portfolio of 2.45Mlbs annual production as being exposed to higher prices over the short-medium term.”

3. PDN

Paladin Energy Ltd (ASX: PDN) is a uranium mining and exploration company, operating through various projects in Africa and Australia.

Paladin owns a 75% stake in its flagship Langer Heinrich mine in Namibia. After 10 years of production, the mine was put into hibernation in 2018 amid continued low uranium prices but is planned to resume operations in the first quarter of 2024.

The company is also engaged in uranium exploration and development at two wholly-owned operations in Australia,  Mount Isa in Queensland and Manyingee in Western Australia. It also has a 60% stake in the Michelin project in Canada.

Overview PDN

Financials

4. DYL

Deep Yellow Ltd (ASX: DYL) is a uranium development company with a portfolio of Australian and global projects. The company has two advanced projects: Tumas, its flagship project in Namibia, and Mulga Rock in Western Australia. Both projects are located within tier 1 uranium jurisdictions. The company is also evaluating Mulga Rock for critical minerals and rare earth elements.

Deep Yellow says it is well-positioned for organic growth through the development of its exploration portfolio which comprises Omahola in Namibia and Alligator River in the Northern Territory.  

Overview DYL

Financials

Chart and news DYL

News

DateHeadingPagesTime
18/10/2023Appendix 5B September 2023 Quarterly Cashflow $58:18am
18/10/2023September 2023 Quarterly Activities Report $168:18am
13/09/2023Bell Potter Emerging Leaders Conference 2023 $2912:03pm
11/09/2023Tumas Resource Expansion and Infill Drill Program Completed $178:20am
14/08/2023Extensive Drill Program Completed at Mulga Rock Project $158:12am
24/07/2023Appendix 5B June 2023 Quarterly Cashflow $58:24am
24/07/2023June 2023 Quarterly Activities Report $188:23am
17/07/2023Corporate Presentation $318:18am
10/07/2023Positive Drilling Progress at Mulga Rock Project $248:18am
03/07/2023Robust Resource Upgrade Delivered at Angularli $208:20am

New 14/08/23

It looks like the completion of a 656-hole, 36,647-metre drilling program at the Mulga Rock Project in Western Australia may have given the ASX uranium share some extra momentum.

Deep Yellow says it now expects to commence a revised definitive feasibility study in Q2 CY24.

It says there is “potential both to increase the available uranium resource and extend the current 15-year life of mine”.


5. BMN

Bannerman Energy Ltd (ASX: BMN) is an Australian uranium developer. The company’s flagship Etango Project in Namibia, Africa, is described as one of the world’s largest undeveloped uranium assets. 

Bannerman has undertaken extensive feasibility studies at the site and has environmental approvals for a future mining operation. The company says it expects to have a Final Investment Decision (FID) on Etango-8 during the second half of calendar year 2023, uranium market conditions permitting.

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