Duketon provides project update

With the uranium spot price hovering above $US100 per pound and likely to rise further, Duketon Mining managing director Stuart Fogarty says there is scope for the company to re-evaluate its Doris uranium project.

Located 120km from Meekatharra in Western Australia's Murchison region, Doris has been a part of Duketon's tenement portfolio for two years, although no effective uranium mining has been conducted there in approximately 10 years. 

"Doris is a technically interesting uranium play," Mr Fogarty said.

"It has high grade historical drill intercepts, significant exploration potential as evidenced in the rock chip data and radiometric data and favourable historical metallurgical work."

Duketon said it sent several of its geologists to Doris late in 2023 in order to determine access and confirm historical data. 

Uranium mining was banned in 2017 by the state government, with only four existing projects across the state given ministerial approval to continue mining. 

The present spot price for uranium is $US103 per pound, with Duketon closing trade on Wednesday at 16.5 cents per share, up 3 per cent.