doubt it,.. Four uranium projects that received State Ministerial approval under the former Liberal National Government will be allowed to progress.
Cameco has 2 of those mines. Cameco Australia Kintyre Uranium Project This project is located in the East Pilbara. The Environmental Protection Authority released EPA Report 1522 on 28 July 2014 recommending environmental approval. The WA Minister for Environment provided environmental approval in March 2015.
Cameco Australia Yeelirrie Uranium Project This State Agreement project is located 75 kms south west of Wiluna. On 19 December 2012 Cameco acquired the Yeelirrie Uranium Project from (BHP Billiton) BHPB. Discovered in the early 1970s, it is the largest known uranium deposit in WA. Referred to the EPA by Western Mining Corporation and subsequently BHPB in 2009, this project proposal was re-evaluated by the EPA and set a Public Environmental Review (PER) assessment level on 15 December 2014. A multi-agency site visit was conducted in November 2015 and an EPA Board visit was conducted in May 2016. The EPA Report and Recommendations, released 3 August 2016, recommended the project not be implemented due to the risk of extinction of several species of subterranean fauna. Upon considering the broader social and economic benefits of the project, the WA Minister for Environment decided to grant environmental approval on 16 January 2017. Cameco have indicated that a development decision would be made when market conditions were more favourable. The ore would be processed onsite over a period of approximately 22 years. Uranium oxide concentrate would be shipped through Port Adelaide.
VMY Price at posting:
24.5¢ Sentiment: Hold Disclosure: Not Held
