OWNERSHIP:

Cameco (42%)
CU (30%)
REVA Resources (28%)

OPERATOR:

OPERATION:

The Millennium project is a potential underground uranium mine development located 35 kilometres north of the Key Lake operation. It is envisioned that the ore will be processed at the Key Lake mill, supplementing the feed from the McArthur River mine.

PRODUCTION:

The Millennium orebody is expected to support mining operations at six to seven million lbs. U₃O₈ per year for about seven years.

RESOURCES:

47 million lbs. U₃O₈ (18,078 tonnes uranium) of indicated uranium resources and 9.7 million U₃O₈ (3,731 tonnes uranium) of inferred resources with an average grade of 4.5% U₃O₈

PLANS FOR 2010:

Continue the federal and provincial environmental assessment process.

2009