Mining giant BHP Billiton has signed an agreement to sell its Yeelirrie uranium deposit in Western Australia.
Yeelrrie, located 630km north-east of Perth in the Northern Goldfields region, will be sold to uranium titan Cameco Corporation for $430m.
"Cameco is one of the world's largest publicly listed uranium producers and is highly respected in the industry. We believe they are well placed to carry this project forward in a responsible manner," said BHP's Uranium President Dean Dalla Valle.
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Uranium was discovered at the Yeelirrie site in 1972 by Western Mining Corporation, which was acquired by BHP in 2005.
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