Chief Minister Paul Henderson and Minister for Mines Chris Natt have welcomed the successful application by joint venture Cameco/Paladin to explore proven uranium deposits in Central Australia.

“This is a huge stride toward potentially billions of dollars worth of economic opportunity and jobs for the Territory,” Mr Henderson said.

“Today’s approval gives Cameco/Paladin the right to apply to explore the Pamela and Angela uranium prospects.

“This is truly a significant day for the future of Alice Springs – the exploration phase alone will inject millions of dollars in to the economy, creating jobs for Territorians and business opportunities for support and supply services to the project.

“In the face of climate change, the world is seeking clean energy solutions, and the Territory is well placed to benefit as an exporter of uranium and LNG.

“If the Angela and Pamela prospects live up to their potential, their value could run to the billions – creating years of economic benefit for Central Australia.”

Mr Natt said today’s announcement would build on the Territory’s $6 billion mineral and energy production sector.

“The Territory’s rich mineral base has seen a surge in applications for exploration licence in recent years, with exploration now injecting more than $100 million into the Territory economy each year, up a massive $80 million since 2001,” said Mr Natt.

“A record 37 applications were received for the Pamela and Angela prospects, and a rigorous selection assessment overseen by independent probity experts Stantons International was undertaken.

“Cameco/Paladin’s licence application will now progress through the usual administrative procedures under the Mining Act, which includes an advertising period.

“I congratulate the joint venture making it this far and thank those who have worked tirelessly on this process.”