Location:
Canada, Saskatchewan
Nearest Landmark:
KEY LAKE
Distance from Landmark:
80 km
Direction from Landmark:
NE
Latitude:
59 Degrees 27 Minutes (North)
Longitude:
104 Degrees 58 Minutes (West)
Received an NI 43-101 Technical Report, recommended to improve confidence on uranium grade that one in twenty underground holes should be assayed to confirm that the current calibration of the probe is reliable. Further density determination should be made on core samples prior to sampling the core. The operation estimated Mineral Reserves have proven, thus far, to be conservative with more U3O8 extracted than predicted to date. As a result of the high grade of the deposit it has been shown that the Mineral Reserve based economics produce robust cash flow margins and are not significantly sensitive to the grade and price variations assumed in this report.
November 4, 2008
Reported an increase in water inflow to a development area of the mine, the production areas were not impacted. The inflow is only about 10% of our total capacity to pump water out of the mine.
December 13, 2006
Announced that about 400 unionized employees at its McArthur River and Key Lake uranium operations have accepted a contract settlement offer from the company.
Advanced or Above