Cameco Corporation · TSX:CCO

Cameco — Corporate Update (2002)

52 slides from Cameco's corporate update, 2002

  1. Slide 1: Cigar Lake Public Consultation 2002

    Cigar Lake Public Consultation 2002

  2. Slide 2: Purpose

    Purpose construction at Cigar Lake construction at McClean Lake waste rock disposal in Sue C pit

  3. Slide 3: Responsibilities

    Responsibilities Cameco is operator of Cigar Lake COGEMA operates McClean Lake JEB mill and Sue C pit

  4. Slide 4: Cigar Lake Joint Venture

    Cigar Lake Joint Venture Management Committee major shareholders Cameco (50%) COGEMA (37%) other owners Idemitsu (8%) TEPCO (5%)

  5. Slide 5: Cigar Lake

    Cigar Lake world’s largest undeveloped high- grade uranium mine 50 km southwest of Rabbit Lake 660 air km north of Saskatoon

  6. Slide 6: Cigar Lake

    Cigar Lake discovered in 1981 government approval in 1987 to develop test mine in 1995 the environmental impact statement (EIS) was filed for production mine

  7. Slide 7: Uranium Market

    Uranium Market US$/lb U3O8 50 40 30 20 10 0 1968 2002

  8. Slide 8: Experience Gained

    Experience Gained valuable mining expertise safety, environmental and socio- economic impact of operation Sue C application also submitted

  9. Slide 9: Public Consultation

    Public Consultation delivered in five Athabasca communities La Ronge and Saskatoon proceedings available in Dene

  10. Slide 10: Topics

    Topics regulatory status existing facilities at Cigar Lake and McClean Lake proposed construction Cigar Lake road waste rock disposal and management

  11. Slide 11: Topics

    Topics JEB mill expansion at McClean Lake construction schedules environment and safety employment

  12. Slide 12: Regulatory Status

    Regulatory Status related activities: Cigar Lake construction on surface and underground McClean Lake JEB mill expansion Cigar Lake waste rock disposal in Sue C pit at McClean Lake JEB tailings management already assessed

  13. Slide 13: Regulatory Approvals

    Regulatory Approvals Cigar Lake and JEB mill projects had public review in 1998 both federal and provincial governments approved begin process

  14. Slide 14: Regulatory Approvals

    Regulatory Approvals approval for limited site preparation construction pending approval from CNSC and SK environment JEB mill expansion application submitted later in 2002

  15. Slide 15: Mining Method

    Mining Method orebody is frozen freezing reduces groundwater and stabilizes weak rock reduces radiation exposure risk uses high pressure water to mine ore holes drilled from below avoids direct exposure to orebody workers do not enter orebody

  16. Slide 16: Ore Transportation

    Ore Transportation after mining, ore is ground into a slurry and pumped to surface ore is placed in specially designed containers and hauled to JEB mill same process used at McArthur River

  17. Slide 17: Existing Facilities

    Existing Facilities #1 shaft is main travel way for workers and primary source for fresh air #2 shaft will contain ore slurry pipes

  18. Slide 18: Additional Underground Facilities

    Additional Underground Facilities underground ore storage and handling slurry preparation and water processing freeze and production tunnels material storage areas

  19. Slide 19: Surface Construction

    Surface Construction , Hoist House | Offices eS a) es _ Loadout Building je : #2 Shaft Administration/Shop | ee { : Workshop

  20. Slide 20: Cigar Lake Construction - Impacts

    Cigar Lake Construction - Impacts road traffic waste generation water use and drainage

  21. Slide 21: Road to McClean Lake

    Road to McClean Lake EB MILL L. SUE OPEN PIT MINE CIGAR LAKE | . ~~ shel) @: “

  22. Slide 22: Road to McClean Lake

    Road to McClean Lake public road owned by SK highways from #905 to Cameco’s surface lease Cameco will have security at Whitford River bridge to control road access to minesite

  23. Slide 23: Road Usage

    Road Usage freight trucks ore and waste trucks emergency response

  24. Slide 24: Impacts of Construction

    Impacts of Construction reduced by: proper management driver training planned road and truck maintenance emergency response capability

  25. Slide 25: Waste Rock Disposal

    Waste Rock Disposal two types: problematic rock (requires special disposal) ordinary rock

  26. Slide 26: 1998 Public Review

    1998 Public Review approved Cigar Lake to proceed required environmentally acceptable waste rock disposal site

  27. Slide 27: Waste Rock Disposal

    Waste Rock Disposal best stored in flooded open pit COGEMA’s Sue C pit at McClean Lake selected size ensures rock remains under 20m water will store Cigar Lake and McClean Lake waste rock

  28. Slide 28: Before Sue C Pit

    Before Sue C Pit waste rock stored on lined pads controlled drainage and groundwater monitoring trucked on same road used to haul ore

  29. Slide 29: Environment and Safety

    Environment and Safety ongoing groundwater monitoring two meter thick soil cover added to rock pit will flood naturally will become lake for plants and animals

  30. Slide 30: Trucking Schedules

    Trucking Schedules last about 2 years each 10 trucks operate 24 hours haul about 70-80 loads per day

  31. Slide 31: Impacts of Truck Traffic

    Impacts of Truck Traffic dealt with through: proper management driver training road maintenance scheduling with northern communities

  32. Slide 32: Safety Precautions

    Safety Precautions trained and equipped emergency response crew in place

  33. Slide 33: JEB Mill Expansion

    ela 2 _JEB Mill Expansion Proposed Construction . vO i ’ ~ i <a - ~ ae a & ; Pon ie tt : ee > . - . a = 4

  34. Slide 34: Proposed Mill Modifications

    Proposed Mill Modifications primarily inside existing facilities ore receiving and unloading area

  35. Slide 35: Uranium Processing

    Uranium Processing split between McClean Lake and Rabbit Lake

  36. Slide 36: High Grade Ore

    High Grade Ore changes to mill simpler than initially reviewed by panel

  37. Slide 37: JEB Tailings Management Facility

    JEB Tailings Management Facility designed and assessed to manage Cigar Lake tailings environmental impacts will be low

  38. Slide 38: Construction Schedule

    Construction Schedule 27-30 months (2003-2005) expected startup in 2005 or 2006 JEB mill expansion in 2003-2004 pending uranium market improvements

  39. Slide 39: Waste Haulage to Sue C Pit

    Waste Haulage to Sue C Pit expected to take 2 years during mine production

  40. Slide 40: Environment and Safety

    Environment and Safety sampling of air, water and soil is ongoing occurs on local and regional basis programs record total potential effects

  41. Slide 41: Sampling Results

    Sampling Results compared to previous results mine releases are controlled and managed

  42. Slide 42: Monitor Work Areas

    Monitor Work Areas radiation and worker’s doses are carefully managed all Cigar Lake and JEB mill employees are well below allowable limits

  43. Slide 43: Radiation Monitoring Programs

    Radiation Monitoring Programs successfully tested in test mine and mine operations similar programs will be used

  44. Slide 44: Worker Safety

    Worker Safety manage physical safety few reportable injuries low accident rates result of: companies safety culture good work practices focused training safety communications

  45. Slide 45: Conclusion

    Conclusion Cigar Lake: 300 jobs during construction 160 on site at peak 200 permanent workforce 100-150 for JEB expansion construction estimated at $350 m

  46. Slide 46: Contract Bidding

    Contract Bidding to extent possible Cigar Lake will be built by northerners northern contractors get preference based on cost, experience and quality

  47. Slide 47: Opportunities

    Opportunities Athabasca Business Development Corporation well positioned contracts of $1.4 m already awarded

  48. Slide 48: Contractors Needed

    Contractors Needed shaft sinking underground development catering surface construction trucking security

  49. Slide 49: Employment Policy

    Employment Policy both Cameco and COGEMA want to employ northerners at least 50% of new construction will go to northerners majority from region

  50. Slide 50: Opportunities

    Opportunities work together to ensure training is provided use existing sites to train (Athabasca Apprenticeships)

  51. Slide 51: Cigar Lake Project

    Cigar Lake Project the future for Rabbit Lake and McClean Lake essential for maintaining 500 jobs - half from north 30-40 years of employment and opportunity

  52. Slide 52: Lan

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