Areva - Reference Document 2016
06
BUSINESS OVERVIEW
6.4 Operations
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.
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.
MINERAL RESERVES IN THE GROUND IN METRIC TONS OF URANIUM (MTU) (YEAR-END 2016 ESTIMATES)
Proven
Probable
Total reserves
Metal (after application of yields) MTU
Ore KT
Grade ‰U
Metal MTU
Ore KT
Grade ‰U
Metal MTU
Ore KT
Grade ‰U
Metal MTU
Recovery %
Country Canada Canada Canada Canada Canada
Site
Cigar Lake Key Lake
210 168.45 35,306
404 117.37 47,395
613 134.82 82,701 98.50% 81,460
67 4.26
287
0 0.00
0
67 4.26
287 98.70%
283
McArthur River
1,185 81.19 96,203
563 81.73 45,983 1,747 81.37 142,186 98.70% 140,338
McClean
88 3.00
262
1 43.20
22
88 3.23
284 95.71%
272
Total
1,549 85.23 132,059 967 96.60 93,399 2,516 89.60 225,458 98.62% 222,353
Kazakhstan Katco Kazakhstan Total
0 0.00 0 0.00
0 13,170 0.74 9,743 13,170 0.74 9,743 85.64% 8,344 0 13,170 0.74 9,743 13,170 0.74 9,743 85.64% 8,344
Niger Niger Niger Niger
Cominak Imouraren
1,284 3.16 4,058 1,375 3.38 4,643 2,659 3.27 8,702 93.10% 8,101
0 0.00
0 306,048 0.70 213,722 306,048 0.70 213,722 81.51% 174,196 364 2,253 1.26 2,841 2,774 1.15 3,205 78.30% 2,510
Somaïr
521 0.70
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.
AREVA’s equity share MTU
Country
Site
Canada Canada Canada Canada Canada
Cigar Lake Key Lake
30,222
47
McArthur River
42,375
McClean
190
Total
72,834
Kazakhstan Katco Kazakhstan Total
4,255 4,255 2,754
Niger Niger Niger Niger
Cominak Imouraren
100,439
Somaïr
1,591
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.
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2016 AREVA REFERENCE DOCUMENT
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