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Cameco (TSX:CCO,NYSE:CCJ) announced it has purchased the Yeelirrie uranium project in Western Australia for $430 million from BHP Billiton (NYSE:BHP).
Cameco (TSX:CCO,NYSE:CCJ) announced it has purchased the Yeelirrie uranium project in Western Australia for $430 million from BHP Billiton (NYSE:BHP).
As quoted in the press release.
Yeelirrie is a near-surface calcrete-style deposit, amenable to open pit mining techniques.
Yeelirrie is one of Australia’s largest undeveloped uranium deposits and is located about 650 kilometres northeast of Perth and about 750 kilometres south of Cameco’s Kintyre exploration project.
Click here to read the Cameco (TSX:CCO) press release.
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