The changing picture of uranium exploration

The purposes of this paper are: firstly, to analyse the factors determining exploration strategies, special emphasis being given to the task of defining exploration targets as dictated by projected demand, and to discussing the chances of making new discoveries necessary to meet this challenge; secondly, to delineate the main trends apparent in exploration activities across the free world and to interpret them in the light of this analysis; and, thirdly, to show how the exploration activities of an independent company like Minatome specifically illustrate these points. The various aspects covered include: natural uranium requirements for nuclear power reactors on line, 1970 to 2025; cumulative natural uranium requirements for the same period; availability of economic reserves; geological aspects; financial and political factors; exploration techniques. (U.K.)