Marathon Resources plans to make its Mt Gee project in South Australia one of Australia"s next wave of uranium mines.

In a recent interview, Marathon Resources CEO John Santich said: "No uranium mine has been developed in Australia for the last 20 years, really. So we are looking forward to developing production at Mount Gee which will be available for export of at least 1000 tonnes of uranium a year.

John Santich says the important player in the future is going to be China and India. Marathon Resources has attracted CITIC (Australia) managing director Chen Zeng, to its board.

"This is a huge endorsement for the company.and I think for the Asian community, to see the support that CITIC's given us will be very much a positive for Marathon."

Commenting on the company's drilling program, John Santich says,: "The major benefit that we see coming out of the present drilling program is confirmation of everything that we've said. The thicknesses and the grades are proving to be at least as good as we'd anticipated from Marathon's model and in many cases better, so we're very pleased with those results.

The company has constructed a model and together with exploration and the work the company has done, taking into account historical data the company has released a figure of 59 million tonnes of ore mineralisation with 0.068% uranium oxide, to produce 37,000 tonnes of uranium oxide.

This would make the deposit one of the largest in Australia and also internationally.

"Marathon's deposit is ideally placed in terms of both its ore and its development potential. It's in a province where there's infrastructure nearby, we've got a good team, we've got the right sort of ore, we've got the right sort of tonnage and we have essentially the approval of the state government - it's supported it in every possible way.

"We're well aware that there haven't been uranium mines developed in South Australia for a couple of decades. And we don't see any particular stumbling blocks to its development.