Rabbit Lake mine

Rabbit Lake is the second largest uranium milling facility in the western world, and is the longest operating uranium production facility in Saskatchewan. The facility is located approximately 800 km north of Saskatoon, Saskatchewan, on the northeast edge of the uranium rich Athabasca Basin. The closest community is Wollaston Lake, about 40 kilometers by lake or air. Rabbit Lake was the first Canadian mine to offer a seven days in/seven days out commuter system of staffing. Access is provided by Highway 905. Production at Rabbit Lake was suspended in April 2016.

The Rabbit Lake deposit was discovered in 1968 and production started in 1975 using open pit mining methods. The Rabbit Lake pit was mined out in 1984. Exploration resulted in the discovery of additional deposits in the area. Rabbit Lake Deposits Name Discovered Commenced Depleted Comments Rabbit Lake 1968 1975 1984 Collins Bay A zone 1971 1995 1997 Collins Bay B zone 1977 1985 1991 Collins Bay D zone 1979 1995 1996 Eagle Point 1980 1994 Production hiatus from 1998 to 2002due to depressed uranium prices. Production halted again in 2016. The Eagle Point deposit is being mined using underground mining methods. Between 1975 and 2011, Rabbit Lake has produced 186.3 million pounds U3O8. Recent exploration drilling has extended mine life to 2017. When the current refurbishments are complete, Rabbit Lake Mill will be positioned to undertake toll milling for future uranium mines in the area. Since an agreement was signed between AREVA and Cameco in late 2011, Rabbit Lake is no longer planned to process Cigar Lake Mine ore when it begins production in 2013, the McClean Lake mill will process all of the ore from that mine.

As of December 31, 2013, proven and probable reserves are 1,642,100 tonnes at 0.56% U3O8. (20.3 Million pounds U3O8)

100% owned and operated by Cameco Corporation.