Uranium and copper-gold · South Australia

Overlooked ground in Australia’s uranium state.

Two granted exploration licences at Mulpula and one application at Gason in South Australia’s far north-east: more than 100 km of interpreted roll-front uranium trend, and a gravity anomaly targeted for the copper-gold-uranium deposit style of Olympic Dam. The target areas have never been explored for uranium.

See the projects Contact us

1,960 km²: approximate Mulpula project area across two granted licences
100+ km: of interpreted roll-front uranium trend at Mulpula
15 km: wide gravity anomaly at Gason, modelled at 450 to 500 m depth
300 km: north-east of Olympic Dam, the world’s largest uranium deposit

The opportunity

Two target styles in one overlooked district.

The project areas sit over the Birdsville Ridge, a buried basement structure beneath the Eromanga Basin that extends the crustal-scale deformation corridor along which South Australia’s uranium deposits lie.

Decades of petroleum exploration and government surveys have left seismic, gravity, magnetic and radiometric data over the district. Fission Ridge has re-read that data for uranium and copper-gold, and found targets that have never been tested.

Two granted licences · Approx. 1,960 km² project area

Mulpula Uranium Project

Mungeranie area, Birdsville Track

Roll-front uranium in Eromanga Basin sediments, where aquifers sit over major basement faults. Airborne radiometrics show uranium anomalies that line up with oxidised sediments, within more than 100 km of interpreted trend. It is the same sandstone-hosted style as South Australia’s in-situ recovery mines.

Project details →

One licence application · Approx. 525 km²

Gason Project

Mulka area, about 170 km north-east of Marree

A discrete gravity anomaly about 15 km across, beneath basin cover and untested. Its footprint is about a third larger than Olympic Dam’s own gravity response, and it is targeted for iron oxide copper-gold and uranium.

Project details →

Why South Australia

The only Australian state producing uranium.

About a third: of the world’s reasonably assured uranium resources are in Australia, more than in any other country.
World’s largest: uranium deposit is Olympic Dam, in South Australia. It holds about 80% of Australia’s economic uranium resources.
All three: Australian uranium mines producing in 2024 were in South Australia: Olympic Dam, Four Mile and Honeymoon.
In-situ recovery: Beverley, Four Mile and Honeymoon are sandstone-hosted deposits mined by in-situ recovery, the style Fission Ridge is targeting at Mulpula.

Source: Geoscience Australia, Australia’s Energy Commodity Resources 2026.

Team

More than 85 years of exploration and development experience.

Founding Director

Laif McLoughlin

Former Managing Director of ASX-listed Strategic Minerals Corporation. Corporate, finance and tenure.

Director and Technical Lead

Trevor Wright

Exploration geologist and CEO of Lakeside Minerals. Generated the Fission Ridge targets.

Geophysics

Michael Sexton

Former Chief Geophysicist at Normandy Mining, with more than 45 years in exploration geophysics.

Jess Oram

Experienced exploration geologist with over 30 years’ practice and a deep understanding of South Australian uranium exploration.

Meet the team →