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Reserves

Uranium is distributed all over the earth's crust and appears as a constituent of most rocks. For them to be economically attractive, the reserves of this element depend on the existing uranium content, as well as on the technological alternative selected for their development.


Brazilian reserves:

Brazil holds one of the world’s largest uranium reserves worldwide, which cover the supply of domestic needs on the long run and oversupply will be available for the international market.

Brazil registered the 7th largest uranium geological reserve in the world: about 309.000t of U3O8 in the States of Bahia, Ceará,
Paraná and Minas Gerais, among other locations.

Brazilian geological reserves evolve from 9,400 ton, knew in 1975, to the actual size, with the possibility of enlargement with prospecting studies and geological researches because they were carried out in only 25% of the national territory

The country also holds uranium occurrences associated to other minerals as those found in the Pitinga Deposit, in the Amazonas State, besides other areas extremely promising as in Carajás, in the Pará State. There are about additional 300,000 tons of uranium oxide estimated for these areas.


Distribution of the Brazilian reserves according to AIEA classification:
 

Occurrence

Measured and Indicated

Inferred

TOTAL

Deposit/Mine

< 40US$/kg U

< 80US$/kg U

Sub-Total

< 80US$/kg U

Caldas (MG)

500t

500t

4.000t

4.500t

Lagoa Real/Caetité (BA)

24.200t

69.800t

94.000t

6.770t

100.770t

Santa Quitéria (CE)

42.000t

41.000t

83.000t

59.500t

142.500t

Others

61.600t

61.600t

TOTAL

66.200t

111.300t

177.500t

131.870t

309.370t


LAGOA REAL URANIUM DISTRICT

The Uranium District of Lagoa Real is located in a mountainous area in the center-south of the State of Bahia, about 20km northeast from the Caetité Municipality.

It was discovered during a series of aero-geophysical surveys between 1976 and 1977 that led to the identification of 19 mineralized areas.

A more detailed work of aerial gamma-ray spectrometry led to the discovery of 33 additional uranium occurrences, also assessed.

The Caetité massif is located in the South part of the São Francisco Craton in Bahia. Its length is around 80 km and has a variable width between 30 and 50 km. It is formed by Archean microcline gneisses along with granite, granodiorite, sienite and amphybolite. In the South, East and North there are extensive drawdown areas placed beneath mainly by gneiss and green shales of Archean or Lower Proterozoic age.

The region was also submitted to three Tectonic cycles during which the rocks were rejuvenated. This includes the Guriense (3,000 Ma), Transamazonic (1800-2100 Ma) and Espinhaço/Brasiliano (1800-500 Ma) cycles among which the last one was the most significant in terms of mineralization of Lagoa Real.

The basic mine project was concluded in 1996, indicating an open pit mining in the Cachoeira mine (anomaly 13). This anomaly with an average level of 3.000ppm forecasts a production of around 400 tons/year of uranium. Gradually other deposits will be explored, among the existing 33 ones.

Santa Quitéria Deposit (CE)

P-U District from Ceará central region is divided into two tectonic units known as Double Belt (Cinturão Dobrado) from Jaguaribe and Santa Quitéria Massif. These limits are exposed by two geological fails known as Groaíra and Itatira.

Primitive rocks from Santa Quitéria Massif are the volcanic sediment rocks and possibly basic rocks. These where submitted to a high degree of migmatization and transformed by the granitization of the earth crust about 2 million years ago. Subsequently, they were rejuvenated by two processes about 1,3 and 0,54 million years ago.

The host rocks from Santa Quitéria deposit are paragneisses, and big carbonate lenses in the Double Belt (Cinturão Dobrado). First anomalies were discovered there in 1975. The rock in which more than 80% of the mineralization occurs has been described as colofanite.

Worldwide Uranium Reserves

Considering the kilogram (kg) of uranium possible to be obtained at costs lower than US$130,00, the world reserves are distributed according to the table below:

 

Country

t U3O8

< US$ 130 / kg U

t U

< US$ 130 / kg U

Australia

1.462.000

1.243.000

Kazakhstan

961.000

817.000

Russia

641.000

546.000

South Africa

512.000

435.000

Canada

497.000

423.000

United States

399.000

342.000

Brazil

310.000

279.000

Source: International Atomic Energy Agency - IAEA January 2007


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