Cameco Receives Support For Kintyre Uranium Deposit

Mineweb reported Cameco (TSX:CCO,NYSE:CCJ) has secured the support of the Martu for the development of the Kintyre uranium deposits in Australia’s Western Desert region.

As quoted in the market news:

The Martu were granted native title to a 136,000-square kilometer area of the Western Desert region in September 2002, the largest native title determined in Australian history at the time.

Earlier this year Cameco completed a prefeasibility study on the 70/30 joint venture with Mitsubishi Development, which gave a measured and indicated resource estimate of about 55 million pounds of uranium.

Click here to read the full Mineweb report.