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Aura Energy Ltd.
Summary
| Project: | Tiris | |
|---|---|---|
| Deposit: | Tiris | |
| Location: | Mauritania | |
| Commodities: | Uranium | |
| Date: | 5/24/2017 | |
| Report Code: | (Enviro) | |
| Report Type: | EIA/ESIA | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 24-5-2017: Aura Energy Ltd. announces an EIA/ESIA report for its Tiris deposit at the Tiris project. Submitted ESIA within Mining Lease Application to the Mauritanian Government. Aura Energy Limited (AEE; ASX, AURA; AIM) is pleased to advise that followin | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Aura Energy Limited (AEE; ASX, AURA; AIM) is pleased to advise that following a broad program of evaluation and study over the past 8 months a key milestone for the development and construction of the Tiris Project has been achieved with the submission of the Tiris Uranium Project Mining Lease Application on the target schedule to the Mauritanian Government. As part of the application Aura Energy completed an exhaustive Environmental and Social Impact Assessment (ESIA) covering all aspect of the project including community consultation in the regions close to the project location (See photo’s below). Commenting on the Tiris Mining Lease Application, Peter Reeve, Aura Energy's Executive Chairman said “This milestone for Aura’s Tiris Uranium Project will now bring into clear focus that Tiris is now in that next important group of uranium projects that, subject to financing, will be developed. Due to its low capital cost, the implementation of Tiris is very achievable to meet the next expected cycle of rising uranium prices”. The Mining Lease Application will now be reviewed by various departments within the Mauritanian Mines Department and Environment Department over a period of 6 months. The application documentation included the final agreed term sheet for the Tiris Shareholders Agreement, which covers the 10% Government interest in the Tiris Uranium Project and was successfully negotiated over the past 3 weeks. | |
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