Yeelirrie
| Location | Western Australia |
| Ownership | 100% |
| End product | Uranium concentrates |
| Potential mine type | Open pit |
| Estimated resources (our share) | 127.3 million pounds (measured and indicated), average grade U3O8: 0.16% |
Background
In 2012, we paid $430 million (US) (as well as $22 million (US) in stamp duty) to acquire the Yeelirrie uranium deposit. The deposit was discovered in 1972 and is a near-surface calcrete-style deposit that is amenable to open pit mining techniques. It is one of Australia’s largest undeveloped uranium deposits.
2014 update
This year, we:
- continued studies to assess the technical, environmental and financial aspects of the project
- commenced environmental approvals during the fourth quarter to ensure we are able to advance the project quickly, should the market signal a need for more uranium