I haven't seen anything factual to support the notion Mt Gee is a protected area. Would like to see a reference or link to confirm this. Up to this point, it's just been rumour IMO.guys just wondering if anyone had seen the relevance of this
However, they won backing for a proposal banning uranium mining in national parks and world heritage areas.
will this have any sort of implication on the mt gee area?
i think that mt gee can only be mined with an underground mine due to the type of rock deposit is in and the fact that it is in an environmentally sensitive area means they cannot do in situ leach or open pit
There are two parts to this process, 1st part is digging up the dirt. My understanding is that Mt Gee would most likely be an underground mine which is good because this will cause less impact to the local environment.
The second part of the process is processing the ore, who says the ore has to be processed at Mt Gee. Dump the ore in a truck and drive it down to Beverley(avoiding as many Wallaby's as possible) for Processing and refinement.
If the Mt Gee ore can be processed at Beverley, there could be some very interesting possibilities eventuate.
Does anyone know if they can process the Mt Gee resource using the In Situ Leach process?
I don't know if anyone has bothered to do this, but there is a rather large In Situ Leach processing plant approx 25 - 30km's from Mt Gee, called Beverley operated by Heathgate Resources.
All images are courtesy of Google Earth
http://www.environment.gov.au/cgi-bin/ahdb/search.pl Place ID 5978
here is the link showing that Mt Gee IS heritage listed
I'm not sure how up to date this information is though.
I think this environmental issue is something that needs to be raised with the company. I'll try and get on to them tomorrow.However, they won backing for a proposal banning uranium mining in national parks and world heritage areas
Another question to ask- What are the chances of that proposal being given the green light??
It would have to be fair to say that there would be a very good argument to back up the proposal.
Maybe this should be looked into very thoroughly?
Cheers!
Champ
Aaaaah, the infamous and extremely important Yellow Footed Rock Wallaby, without which our way of life will cease to exist!Statement of Significance:
Many of the diverse, rugged and often unique geological, geographical and botanical features which make the Arkaroola-Mount Painter region a wilderness area of great scientific and aesthetic interest. In addition, it is a major haunt of the until-recently rare yellow footed rock wallaby (PETROGALE XANTHOPUS).
Aaaaah, the infamous and extremely important Yellow Footed Rock Wallaby, without which our way of life will cease to exist!
I've written to the company as well to get their official perspective.
How's this:
Reflecting strong corporate interest in the uranium sector and the quality of its Mt Gee uranium deposit, Marathon Resources continues to trade well in advance of Crosby's $3.52 a share takeover offer. We see little downside for shareholders given current circumstances, including the possibility of rival bidders emerging. Reflecting its confidence, Marathon has appointed one of Australia's most experienced resource executives as its new CEO.
"The extraordinary value in Marathon is now being realised, but we believe there is even more upside to come."
Fat Prophets first recommended Marathon Resources at 72 cents in March 2006 (Fat Mining 16). Our last review of this stock was in February (Fat Mining 68).
Since our last review in March, there has been a clear acceleration of the upward trend. As a result, the stock achieved a new all-time high of $6.42 last week. This represents a gain of 145% in just one month.
Following such rapid gains, the upward trend of any stock would be at risk of pausing for consolidation. Marathon is no exception. In the near term, we anticipate further consolidation with last week's low of $5.10 providing initial support.
Given the strength of the longer term trend, we believe the outlook for Marathon remains positive. In time, we expect prices to extend to new highs above $6.42.
Belinda - MTN POC said:Hi Sean,
Thanks for your email. This is often an area of confusion for those following Marathon. Below is some information that will hopefully answer your questions.
The exploration license held for the Mount Gee area is EL3258.
EL3258 lies within the Flinders Ranges Planning Area "A".
EL3258 lies almost entirely within the area zoned Environmental Class A within the Development Plan for "Land not Within a Council Area".
Is Mt Gee in a National Park?
No
Is Mt Gee 'Pastoral Land'?
EL3258 is within the boundaries of the Arkaroola Pastoral Lease (No. 2240). The Arkaroola Pastoral Lease is declared a sanctuary under the South Australian National Parks & Wildlife Act 1972. Arkaroola Station itself is a 'rejected' place in the Australian Heritage Register. No part of Arkaroola Station has been declared or proclaimed a national park, conservation area, Recreation Park or a regional reserve.
Can minerals be mined at Mt Gee, being within Environmental Class A area?
Objective 2 is regarding the protection of the landscape from damage by mining operations and exploring for new resources.
It states that "Mining operations should not take place in the Environmental Class A zone unless the deposits are if such paramount importance and their exploitation is in the highest national of state interest that all other environment, heritage or conservation considerations may be overridden. Deposits which may potentially have the required degree of significance have been identified in the following localities only: the western face of the Heysen Ranges: portion of the Moralana Valley; portion of the Mt Hack and Mt Uro areas; portion of the Stirrup Iron Range: portion of the East Gammons and the Mt Painter-Freeling Heights area."
The interim report of a scoping study by Coffeys indicates that an underground mine approached from the flat outside the Flinders Ranges is one of out best options.
Mt Gee is also on the National Estate List. Can minerals be mined?
We are aware of 3 places in the Arkaroola area are entered in the Register of National Estate. Entry of itself in the Register of the National Estate does not mean that a place is subject to restraints or control, or that management of the place needs to be altered.
There are no legal constraints on the way owners of private property, or state or local governments manage or dispose of properties entered in the register of the National Estate. The listing of places on the Register of National Estate is not an impediment in itself to the carrying on of the exploration program of EL3258.
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