Part of the world's largest known uranium reserves in Australia, Kintyre is an advanced-stage, joint venture exploration project with Mitsubishi Development Pty Ltd. Cameco acquired its 70% share in 2008 from Rio Tinto and is the operator.
The project land is located at the western edge of the Great Sandy Desert in the East Pilbara region of Australia.
|Mine type||Open pit|
|Estimated resources (Cameco's share)||37.5 million lbs (indicated), average grade U3O8: 0.62%
4.2 million lbs (inferred), average grade U3O8: 0.53%
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.
At our Kintyre project this year, we:
- continued studies to assess the technical, environmental and financial aspects of the project
- carried out further exploration work to test for potential satellite deposits. There were no significant results.
- received environmental approval for Kintyre
In 2016, we expect to continue with further exploration work to test for potential satellite deposits.