Kintyre
| Location | Western Australia |
| Ownership | 70% |
| End product | Uranium concentrates |
| Potential mine type | Open pit |
| Estimated resources (our share) |
38.7 million pounds (indicated), average grade U3O8: 0.58% 6.7 million pounds (inferred), average grade U3O8: 0.46% |
Background
In 2008, we paid $346 million (US) to acquire a 70% interest in Kintyre. The Kintyre deposit is amenable to open pit mining techniques. In 2012, we recorded a $168 million write-down of the carrying value of our interest, due to a weakened uranium market. We are the operator.
2014 update
This year:
- we carried out further exploration to test for potential satellite deposits at Kintyre and other regional exploration projects close to Kintyre, which did not produce any significant results
- Western Australia’s Environmental Protection Authority recommended conditional approval of the project’s Environmental Review and Management Program; state and federal ministerial approvals are pending