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.
Yeelirrie was originally discovered in 1972 by Western Mining Corporation (WMC). Extensive exploration work was completed by WMC and subsequently BHP Billiton. In 2012 Cameco acquired the Yeelirrie project and is now 100% owner and operator.
|Mine type||Open pit|
|Estimated resources||128.1 million lbs (measured and indicated)|
|Average ore grade||0.16% U3O8|
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 preserving the value of our tier-one uranium assets. We continue to await a signal from the market that additional production is needed prior to making any new development decisions.
No work is planned at Yeelirrie. Further progress towards a development decision is not expected until market conditions improve.
A number of studies have been completed to evaluate the potential effects during the construction, operation, and decommissioning of the Yeelirrie project.