OWNERSHIP:

Cameco Corporation (100%) 

OPERATOR:

Cameco Corporation

DISCOVERED:

1968 by Gulf Mineral Resources

OPERATION:

Rabbit Lake is the longest-operating uranium production facility in Canada. The operation consists of the Rabbit Lake mill and the Eagle Point underground mine, located 15 kilometres north of the mill site. It has been in operation since December 1975 and more than 182 million pounds of U₃O₈ have been produced from five different orebodies. Cameco has regulatory approval to process Cigar Lake uranium at the Rabbit Lake mill. Cigar Lake ore would receive initial processing at McClean Lake and about half of the uranium would be trucked in solution form to Rabbit Lake for final processing and packaging.  Rabbit Lake received ISO 14001 environmental management certification in 2010.

CAPACITY:

The mill has a licensed capacity of 16.9 million lbs. U₃O₈ (6,154 tonnes uranium).

PRODUCTION:

3.8 million lbs. U₃O₈ (1,462 tonnes uranium) was produced in 2010.

RESERVES:

25.5 million lbs. U₃O₈ (8,192 tonnes uranium) with an average grade of 0.76% U₃O₈. Successful exploration expanded Rabbit Lake mineral reserves in 2010, extending expected mine life to 2017.

PLANS FOR 2011:

• Spend $5.7 million toward the reclamation of inactive facilities.
• Extend underground drilling replacement program to evaluate areas east and northeast of the mine.
  

2010