Uranium in South Africa's Karoo May Be 10 Times Estimate

  • Australian explorer says resources may be 600 million pounds
  • Peninsula Energy aims to start mining uranium by 2020

Peninsula Energy Ltd., an Australian listed uranium explorer and producer, said deposits of the nuclear fuel buried in South Africa’s semi arid Karoo region may be 10 times greater than the 57 million-pound resource it has already found.

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