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ARNHEM LAND

Summary

Cameco holds or has applied for exploration tenements on almost 1,000,000 hectares (or almost 10,000 square km) of prospective land in the western part of Arnhem Land, centred approximately 250 km east of Darwin in the Northern Territory.

Cameco's Arnhem Land tenements stretch from the difficult to access sandstone plateau in the south to the hills and plains below the escarpment in the north and abutting the Arafura Sea. The area is near the Alligator Rivers Uranium Field which produced the world-class unconformity-type uranium deposits of Jabiluka, Ranger, Koongarra and Nabarlek, a former uranium mine.

Exploration Objectives

Arnhem Land projects range in scope from early-stage reconnaissance to mid-stage projects that have shown significant mineralization

History

2008 Cameco enters JV with newly formed Uranium Equities Ltd. (UEL) which purchased all shares of QML, including rights to Alligator River project surrounding former Nabarlek mine. Cameco holds 60% of this JV
Mid-1990s onward Cameco enters joint venture with PNC Exploration Pty Ltd at King River and AFMEX at Tin Camp Creek. PNC and AFMEX withdraw and Cameco acquires full management
1989 Nabarlek minesite rehabilitated
1979 Nabarlek mine commences operation
Late 1960s to 1970s Nabarlek and other significant uranium mineralization discovered