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.