The race to develop Western Australia’s first uranium mine is on as Canadian miner Cameco plans its development studies.
Cameco is planning to begin the studies on its Kintyre uranium project next year, putting it in direct competition with BHP Billiton which owns the Yeelirrie uranium mine.
Mining uranium was previously banned in the State, but found favour upon the election of the current Barnett Government in 2008.
Both miners say that they are aiming to get the projects under way while the political window of opportunity still exists, according to the Sydney Morning Herald.
The Canadian miner is currently confirming its resource base and will look to begin its pre-feasibility studies half way through next year.
It acquired the Kintyre project as a joint venture with Japanese conglomerate Mitsubishi Development in 2008.
Kintyre is located approximately 60 kilometres south of Newcrest’s Telfer mine.