Mineral Resources (Royalty) Regulation 2025
sch.1-sec.13Uranium
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sch.1-sec.13 Uranium
The royalty rate for uranium is— if the average price per kilogram of the uranium sold, disposed of or used in the return period is $220 or less—5% of the value of the uranium; or if the average price per kilogram of the uranium sold, disposed of or used in the return period is more than $220—the royalty rate applied to the value of the uranium sold, disposed of or used in the return period, rounded down to 2 decimal places, worked out using the following formula— where— RR is the royalty rate, expressed as a percentage. AP is the average price per kilogram of the uranium sold, disposed of or used in the return period.
- (a) if the average price per kilogram of the uranium sold, disposed of or used in the return period is $220 or less—5% of the value of the uranium; or
- (b) if the average price per kilogram of the uranium sold, disposed of or used in the return period is more than $220—the royalty rate applied to the value of the uranium sold, disposed of or used in the return period, rounded down to 2 decimal places, worked out using the following formula— where— RR is the royalty rate, expressed as a percentage. AP is the average price per kilogram of the uranium sold, disposed of or used in the return period.