Uranium – Projects Under Evaluation
Work on our projects under evaluation has been scaled back and will continue at a pace aligned with market signals.
2015 project updates
We believe that we have some of the best undeveloped uranium projects in the world. However, in the current market environment our primary focus is on uranium production and our tier-one assets. We continue to await a signal from the market that additional production is needed prior to making any new development decisions.
This year, on our projects under evaluation we:
- continued studies to assess the technical, environmental and financial aspects of each project
- at Kintyre and at other nearby regional exploration projects, we carried out further exploration work to test for potential satellite deposits. There were no significant results.
- we received environmental approval for Kintyre and continued to advance Yeelirrie through the environmental assessment process
Planning for the future
2016 planned activity
At Millennium, no work is planned, as regulatory activity related to our final environmental impact statement continues to be on hold. Further progress towards a development decision is not expected until market conditions improve.
At Yeelirrie, we plan to further advance the project through the environmental assessment process and continue working onproposals required under the Yeelirrie State Agreement. Under the State Agreement, the Western Australian Government provides a framework for the approval and development of the project. Detailed proposals for the development of a mine and related infrastructure must be submitted to the government for approval by June 20, 2018, in order to retain the tenements and titles for the Yeelirrie project.
At Kintyre and other nearby regional exploration projects, we expect to continue with further exploration work to test for potential satellite deposits.
Managing the risks
For all of our projects under evaluation, we manage the risks listed here.