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OPERATIONAL REVIEW
DIGGeRs & DeALeRs PReVIeW MACA.NET.AU

Wales’ electricity was powered by coal. The party’s manifesto called nuclear
At the time of speaking to Paydirt, power a “sustainable energy” and asked The uranium market
Munro didn’t expect Australia’s energy for government reform to adopt to small “ is extremely dynamic
constraints to elicit in-country discussions modular reactors.
around nuclear power. Munro said cultural shifts such as this at the moment because
“I’m not that optimistic,” he said. “Facts will go a long way in changing the global the prospect for nuclear
and logic have not brought on a sensible perception of nuclear energy.
debate in Australia over the last 20 years, “It has the potential to not only influence power has leapt forward at
so I don’t see why they would now.” those politically influenced on the left and a pace even the most raging
Instead, Munro points towards macro those people who consider themselves uranium bulls would not
movements in Europe. In May, Finland’s supportive of environmental issues, but
Green party endorsed nuclear energy. more importantly, it gives a voice to the have been able to foresee.
The move to adopt the energy in a general substantial proportion of environmentalists
meeting was described as “historic”. and Green Party members who don’t op- put to be ramped up to 2.45 mlbpa within
pose nuclear power but just feel gagged,” three years.
he said. “[The FID] puts us in an extremely strong
“So, the fact the Greens in Finland – in a negotiating position with utilities and en-
very forward-facing Scandinavian society sures we can capitalise on the looming
– fully back nuclear now puts it on the table uranium supply deficit,” Boss Energy man-
and gives permission for other people who aging director Duncan Craib said.
feel the same way. I think that’s got more Munro was pleased to see Australia reo-
potential to move the debate than rational pen its third uranium mine and believes it
energy policy conclusions.” may influence a pro-nuclear sentiment.
In Australia, Boss Energy Ltd reached In Wyoming, US, Peninsula Energy Ltd
FID on its under-care-and-maintenance managing director Wayne Heili says ura-
Honeymoon project in South Australia. nium is steadily being implemented in the
The fully funded and debt-free project wake of closing fossil fuel-fired power sta-
is to undergo EPC and potentially achieve tions.
production during the December quarter. “Here in Wyoming, there is a demonstra-
AISC are forecast at $US25.6/lb with out- tion plant and one of the first small modu-
Wayne Heili

Page 94 JULY 2022 aUSTRaLIa’S PaYDIRT