Although operations at the mine have been kept on care and maintenance for around 15 months, the company has filed application to commence exploration near the existing mine.
South Australian government is seeking to evaluate the potential opportunities from the expanding domestic nuclear energy industry.
Department of State Development Mineral Resources executive director Ted Tyne was quoted by ABC as saying that the government is expected to finalize the licenses in the coming weeks.
"Uranium One was selected as the successful applicant because the very significant body of programs that the company proposed for exploration over the coming two years in terms of the technical quality of the work to be done, and also the financial commitment to doing this, was ranked significantly more superior to the other applicants."
Uranium One owns 70% stake in Betpak Dala joint venture, 50% interest in the Karatau joint venture, 50% interest in the Akbastau joint venture, 49.98% stake in the Zarechnoye joint venture, 30% interest in the Kyzylkum joint venture and 19% stake in the SKZ-U joint venture.
