Niger Uranium
The Company owns eight uranium properties in Niger, one of the world's largest uranium producers. The concessions, known as Irhazer, In Gall, Kamas 1 to 4, and Dabala 3 and 4, consist of a total of 1,673,644 acres (6,773 square kilometers). The properties are all located in the Tim Mersoi basin, a recognized uranium province, within the same geological setting as Niger’s two producing Areva uranium mines.
Niger has been mining uranium since 1971 and past production from its two operating mines exceeds 100,000 tonnes of uranium (approximately 2,600,000 lbs of U3O8) to the end of 2006. With output of over 3,434 tonnes in 2006, Niger remains one of the world's largest uranium producers, contributing approximately 7.5 per cent of annual world production.