LONDON, June 24 West Australian Metals Ltd
WME.AX said on Wednesday that Areva CEPFi.PA is interested
in its key uranium project in Namibia and that it has held "a
couple of discussions" with the world's biggest nuclear power
West Australian Chief Executive John Young told Reuters
Areva would probably be keen to expand its presence in the
uranium-rich southern African country given the extent of the
French company's Namibian investments.
West Australian's major asset is the Marenica uranium
project, immediately north of Areva's large Trekkopje mine,
which the French state-owned company acquired when it bought
UraMin in 2007 for $2.5 billion.
"They are interested in our project," Young said in an
interview, without specifying the nature of their discussions.
He noted, however, that Areva are spending over $1 billion to
develop the neighbouring Trekkopje project.
"It's a lot of capital going into a project with a 14-year
mine life. They will be looking for additional resources," he
(Reporting by Julie Crust; editing by Paul Hoskins)