April 6, 2009
Expands Australian Presence
Cameco Corporation announced today that it has opened an office in Perth
and appointed Ron Matthews managing director of the Kintyre uranium project in Western
Cameco operates a joint venture comprised
of Cameco (70%) and Mitsubishi Development Pty Ltd. (30%) that acquired the
Kintyre project from Rio Tinto in August 2008 through a bidding process.
Matthews is a geophysicist with 30 years
experience with Cameco and its predecessor companies. He managed Cameco?s
Australian exploration projects from 2001 to 2007 when he was based in Darwin,
?I look forward to moving Kintyre ahead,?
said Matthews. ?This is one of the world?s most promising uranium plays and its
development will create opportunity for people across Australia.?
Kintyre is an advanced exploration project located approximately
1,600 kilometres northeast of Perth in the East
Pilbara region of Western Australia.
Cameco will be undertaking an exploration program with the
objective of confirming a resource for the Kintyre deposits.
Activities to be conducted in the coming
months include re-establishing an exploration camp and infrastructure at the
site to support in-fill drilling and other activities to verify the results of
previous exploration work.
Cameco will continue to work closely with
the Martu people, the Native Title Holders, toward advancing the Kintyre
project for the benefit of all stakeholders.
has been actively exploring in Australia
since 1996 and has exploration licences for more than 795,000 hectares of land
in Western Australia (some proximate to the
Kintyre deposits), plus projects in South Australia
and the Northern Territory.
To read more on the Kintyre project and Cameco activities in Australia,
please visit our regional Australia
web site at http://www.cameco.com/australia
Cameco, with its head office in Saskatoon,
is one of the world?s largest uranium producers. The company?s uranium products
are used to generate electricity in nuclear energy plants around the world,
providing one of the cleanest sources of energy available today. Cameco?s
shares trade on the Toronto and New
York stock exchanges.
To view an image of Ron
Matthews, Managing Director of the Kintyre uranium project in Western
Australia, please follow the link below:
- End -
Managing Director, Kintyre Project
Phone: (08) 9226
(08) 6314 6300 / 0417 944 616
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