Fission Energy (FIS)

Shares / Stock Code

FIS

Stock Exchange / Sharemarket

Australian Securities Exchange

Fission Energy (FIS) is based in Perth, Western Australia. Fission is currently involved in the development of the Mt Thirsty cobalt-nickel-manganese oxide deposit and in nickel and uranium exploration. Fission was spun out of Tasman Resources Ltd (ASX Code TAS) and listed on the Australian Stock Exchange in June 2007 after raising $A6 million.

Fission Energy has four uranium exploration projects, three on the Gawler Craton in South Australia and one in Western Australia.

Ponton Creek (WA) and Garford (SA) are prospective for palaeochannel hosted uranium deposits. An example of a paleochannel hosted uranium deposit is Heathgate Resources Pty Ltd's Beverley deposit in the Lake Frome area 800km north of Adelaide where uranium is presently being extracted by insitu leaching. Fission's Ponton Creek application is adjacent to tenements covering the Double 8 deposit held by Manhattan Resources Ltd.

Parkinson Dam is prospective for unconformity style uranium associated with the base of the Mesoproterozoic Corunna Conglomerate. The latter is considered to be analogous to the Mesoproterozoic Kombolgie sandstone which caps the Alligator Rivers unconformity style uranium deposits, such as the Ranger and Jabiluka deposits in the Northern Territory. Parkinson Dam is being explored by Mega Uranium under a joint venture agreement.

Fission Energy also has the rights to any uranium deposit hosted by Neoproterozoic or younger rocks within the Lake Torrens tenements of Tasman Resources Ltd.

Fission Energy (FIS) Products and Services

  • Uranium exploration

Fission Energy (FIS) Locations and Subsidiaries

Fission Energy Head Office
Level 40, Exchange Plaza, 2 The Esplanade,
PERTH, WA 6000
Phone: (08) 9282 5889
Fax: (08) 9282 5866

Fission Energy (FIS) Share Price

Submitted by ASX Listed Company on 23 March, 2010 - 10:27

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