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. The deposit contains 47 million pounds of indicated uranium resources and 10 million pounds of inferred resources. This is expected to support mining operations at six to seven million pounds per year for about seven years. It is envisioned that this ore will be processed at the Key Lake mill, supplementing the feed from the McArthur River operation.

2008