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BUSINESS OVERVIEW
06
6.4 Operations
Significant changes in relation to 2015 (AREVA’s equity share)
Aside from the depletion of production, the following changes (AREVA’s equity
share) occurred:
p
a significant increase in resources at the Zoovch Ovoo deposit in Mongolia,
with 12,836 metric tons of uranium classified in indicated resources and
60,809 metric tons of uranium classified in inferred resources at December 31,
2016, versus 50,000 metric tons of inferred resources at December 31, 2015.
As a reminder, historical estimates of resources for the Midwest deposit in Canada,
which were done before the adoption of international standards, totaled about
10,000 metric tons of uranium (AREVA’s equity share). This deposit, which has
good potential, will require additional work to establish a resource estimate that
conforms to international standards.
MINERAL RESERVES IN THE GROUND IN METRIC TONS OF URANIUM (MTU) (YEAR-END 2016 ESTIMATES)
Country
Site
Proven
Probable
Total reserves
Ore
KT
Grade
‰U
Metal
MTU
Ore
KT
Grade
‰U
Metal
MTU
Ore
KT
Grade
‰U
Metal
MTU
Recovery
%
Metal (after
application
of yields)
MTU
Canada
Cigar Lake
210 168.45 35,306
404 117.37 47,395
613 134.82 82,701 98.50% 81,460
Canada
Key Lake
67 4.26
287
0 0.00
0
67 4.26
287 98.70%
283
Canada
McArthur River
1,185 81.19 96,203
563 81.73 45,983 1,747 81.37 142,186 98.70% 140,338
Canada
McClean
88 3.00
262
1 43.20
22
88 3.23
284 95.71%
272
Canada
Total
1,549 85.23 132,059 967 96.60 93,399 2,516 89.60 225,458 98.62% 222,353
Kazakhstan Katco
0 0.00
0 13,170 0.74 9,743 13,170 0.74 9,743 85.64% 8,344
Kazakhstan Total
0 0.00
0 13,170 0.74 9,743 13,170 0.74 9,743 85.64% 8,344
Niger
Cominak
1,284 3.16 4,058 1,375 3.38 4,643 2,659 3.27 8,702 93.10% 8,101
Niger
Imouraren
0 0.00
0 306,048 0.70 213,722 306,048 0.70 213,722 81.51% 174,196
Niger
Somaïr
521 0.70
364 2,253 1.26 2,841 2,774 1.15 3,205 78.30% 2,510
Niger
Total
1,805 2.45 4,422 309,676 0.71 221,206 311,481 0.72 225,629 81.91% 184,807
TOTAL
3,355 40.68 136,481 323,813 1.00 324,348 327,168 1.41 460,830
415,504
Source: AREVA.
Country
Site
AREVA’s equity share
MTU
Canada
Cigar Lake
30,222
Canada
Key Lake
47
Canada
McArthur River
42,375
Canada
McClean
190
Canada
Total
72,834
Kazakhstan Katco
4,255
Kazakhstan Total
4,255
Niger
Cominak
2,754
Niger
Imouraren
100,439
Niger
Somaïr
1,591
Niger
Total
104,785
TOTAL
181,875
For reserves, this share is expressed in concentrates, i.e. after taking into
account mining and milling recovery.
Source: AREVA.
2016 AREVA
REFERENCE DOCUMENT
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