Kintyre

Location Western Australia
Ownership 70%
End product Uranium concentrates
Potential mine type Open pit
Estimated resources (our share) 37.5 million pounds (indicated), average grade U3O8: 0.62%
4.2 million pounds (inferred), average grade U3O8: 0.53%

Background

In 2008, we paid $346 million (US) to acquire a 70% interest in Kintyre. In 2012, we recorded a $168 million write-down of the carrying value of our interest, due to a weakened uranium market. The Kintyre deposit is amenable to open pit mining techniques. We are the operator.