Cameco's uranium projects are properties that may be developed into uranium-producing operations at some point in the future. The most significant are Yeelirrie and Kintyre in Australia, and the Millennium deposit in the Athabasca Basin of Saskatchewan. Work on all of our projects has been scaled back and will continue at a pace aligned with market signals.
The stage-gate process includes several defined decision points in the assessment and development stages. At each point, we re-evaluate the project based on current economic, competitive, social, legal, political and environmental considerations. If a project continues to meet our criteria, we proceed to the next stage. This process allows us to build a pipeline of projects ready for a production decision and minimize expenditures on projects whose feasibility has not yet been determined.
Cameco's reputation as an industry leader with expertise in mining and exploration make us an attractive partner for uranium ventures around the world. We lever this position by entering into strategic alliances and joint ventures with other companies that hold high-quality exploration and development projects. Our strategic alliances typically involve investments in publicly listed or private companies with promising exploration lands. In return for these investments, Cameco seeks to obtain rights to expand its ownership to control development of resulting discoveries. Through strategic alliances and joint ventures, we greatly expand the potential return of our investment in uranium exploration and the geographical reach of our technical and financial resources.
The Cree Extension-Millennium project is a Cameco-operated joint venture located in the southeastern portion of Canada's Athabasca Basin. It is approximately 35 km north of Cameco's Key Lake operation.
Yeelirrie is one of Australia's largest undeveloped uranium deposits. The deposit is located approximately 650 km northeast of Perth and approximately 750 km south of Cameco's Kintyre project.
Kintyre is an advanced-stage, joint venture exploration project with Mitsubishi Development Pty Ltd in Western Australia. The project land is located at the western edge of the Great Sandy Desert in the East Pilbara region.
Our exploration program is directed at replacing mineral reserves as they are mined in order to position the company for long-term growth.