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 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 Yeelirrie project, in 2016:
- we continued to assess the technical, environmental and financial aspects of the project
the Western Australian government granted state environmental approval, subject to a range of conditions that are considered implementable. We continue to advance the project through the federal environmental assessment process.
the term of the Yeelirrie State Agreement was extended for a period of 10 years. We now have until 2028 to submit the required mine development and infrastructure proposal to the Western Australian government
In 2017, at Yeelirrie, we will undertake efforts to engage agencies in planning research options for subterranean fauna, and implement environmental management plans related to the conditions laid out by Western Australia’s government in their environmental approval of the Yeelirrie project.