Overview
Epsilon is a uranium explorer controlling a project portfolio of 10,000km2. The 10 exploration projects are distributed across 4 different states and are present within proven uranium provinces. The majority of projects contain known uranium mineralisation, yet are under-explored with modern techniques.
The project portfolio reflects a focus on exploration of early stage and more advanced targets, with careful consideration given to geological suitability to economic uranium systems in terms of different styles of mineralisation and resource potential, as well as potential mining and processing costs. The project portfolio also reflects careful consideration given to geopolitical certainty in terms of exploring states where the uranium industry is expanding (NT, SA) and where decisions are pending (WA, QLD).
Since 2004 the spot price of uranium has risen over 600% while domestic exploration has similarly increased over 600%. This rapid increase in spot prices and exploration has occurred in line with the growing supply-demand disequilibrium, driven predominantly by a reduction in primary and secondary supplies, and the increase in long term demand from both developed and developing nations. Developing nations, particularly, are embracing nuclear energy as a solution to meeting their dual energy goals of providing consistent base load power while reducing carbon emissions.
Epsilon has compiled and is actively expanding a portfolio of uranium exploration projects that cover varying mineralisation styles and resource potential supported by a multi-disciplined and uranium experienced board and management team.