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Commodities

Uranium

McClean Lake Operation

OWNERSHIP:

AREVA Resources (70%)
Denison Mines Inc. (22.5%)
OURD Canada Co. Limited (7.5%)

OPERATOR:

AREVA Resources

DISCOVERED:

1979 by the Canadian Oxy - INCO Joint Venture

OPERATION:

McClean Lake has the only mill in the world able to process high-grade uranium ore without dilution.

Although approximately 15 million pounds U3O8 of reserves remain in varioius deposits on site, mining at the Sue area stopped in 2010

The McClean Lake mill processes 100% of the Cigar Lake mine ore

CAPACITY:

McClean Lake mill is undergoing an explansion to double the mill's capacity to allow the processing of up to 24 million lbs. U3O8

PRODUCTION:

McClean Lake mill produced 340,000 lbs of U3O8 in 2014.  McClean Lake mill reached a total production milestone of 50 million poundsU3O8 in the fall of 2014

RESERVES:

15.36 million lbs. U3O8 stockpiled with an average grade of 2.2% U3O8

PLANS FOR 2015:
  • Continue facilities upgrade and expansion (expected completion - 2016)
  • Proposed expansion of the JEB tailings management facility (currently in the regulatory approval phase

2014

 

© 2015, Saskatchewan Mining Association