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Uranium

Uranium One is engaged through its subsidiaries and joint ventures in uranium production, and in the exploration and development of uranium properties, in Kazakhstan, Tanzania and elsewhere. Uranium One is focused on low cost and low technical risk operations, with existing, near and medium-term production visibility in some of the world’s largest uranium resource jurisdictions.


Kazakhstan

Kazakhstan is the world’s leading producer of uranium, accounting for almost 40 percent of global uranium production. All uranium is produced by the in situ recovery (ISR) mining method.

Tanzania

Uranium One’s Mkuju River Project, when operational, will be Tanzania’s first uranium mine. It will establish Tanzania among the top 5 producers of uranium in Africa.

MKUJU RIVER PROJECT

The Mkuju River Project is a world-class uranium development project located in southern Tanzania, about 470 kilometers southwest of Dar es Salaam. Mantra Tanzania Limited is the owner of the Mkudzhu River and is a part of the State Atomic Energy Corporation «Rosatom». Mantra Tanzania Limited has a special mining license issued by the Ministry of Energy and Mineral Resources of Tanzania.

The Mkudzhu River project with the Nyota deposit is one of the world's largest uranium projects with a resource reserve of 152 million tons of ore.

The Mkuju River Project marks the beginning of a long-term commitment to Tanzania and to Africa that will benefit Tanzania and its citizens by creating jobs, providing new local and regional infrastructure, supporting community projects and potentially making it a globally significant producer of uranium. In partnership with the Tanzanian government, Uranium One and Mantra Tanzania Limited look forward to making a lasting positive impact on the nation’s economy and its people.

Namibia

Headspring Investments (Proprietary) Limited is the owner of the project in Namibia . The company is currently conducting the geological exploration works in the Aranos Basin in Namibia with the aim of discovering new uranium deposits suitable for mining by in-situ leaching (ISL). In-situ leach technology (ISL) is a safe, proven and most cost-effective method for uranium mining. This technology has a lower environmental impact than underground or open-pit mining. At uranium deposits in Kazakhstan all uranium is produced by the ISL method.

Contacts for Media: Riaan.vanRooyen@uranium1.com

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