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Uranium

McArthur River Operation

OWNERSHIP:

Cameco Corporation (70%)
AREVA Resources (30%)

OPERATOR:

Cameco Corporation

DISCOVERED:

1988 by Cameco Corporation

OPERATION:

The McArthur River operation is the world's largest, high-grade uranium mine. The mine began operations in December 1999. McArthur River uranium ore is processed at the Key Lake operation.

PRODUCTION:

McArthur River and Key Lake are currently licensed to produce up to 18.7 million lbs of uranium concentrate (U3O8) annually on average, not to exceed 21 million lbs U3O8 in any given year.

McArthur River and Key Lake jointly produced 19.1 million lbs U3O8 in 2014 

RESERVES:

Proven and probable reserves of 345.2 million lbs. U3O8 with an average grade of 14.87% U3O8.

PLANS FOR 2015:

  • Plan to produce 19.6 million pounds of U3O8
  • Continue advancing the underground drifts to the southeast and northeast
  • Additional drilling is planned to identify additional mineral resources

 2015

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