|End product||Uranium concentrates|
|Potential mine type||Open pit|
|Estimated resources||127.3 million pounds (measured and indicated), average grade U3O8: 0.16%|
In 2012, we paid $430 million (US) (as well as $22 million (US) in stamp duty) to acquire the Yeelirrie uranium deposit. The deposit was discovered in 1972 and is a near-surface calcrete-style deposit that is amenable to open pit mining techniques. It is one of Australia’s largest undeveloped uranium deposits.