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Aura Energy Ltd.
Summary
| Project: | Tiris | |
|---|---|---|
| Deposit: | Tiris | |
| Location: | Mauritania | |
| Commodities: | Uranium | |
| Date: | 7/29/2019 | |
| Report Code: | JORC | |
| Report Type: | Feasibility Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-7-2019: Aura Energy Ltd. announces a Feasibility Study report for its Tiris deposit at the Tiris project. DFS results incl. project IRR of 26%, initial ore reserve. Aura Energy Limited (AEE; ASX, AURA; AIM) is pleased to advise that the Tiris Uranium D | |
| Resources: | (Reserve, P+P): 10.9Mt @ 336ppm U3O8 | |
| CP/QP: | [Overall Report]: Andrew Hutson (Mining Plus Pty Ltd.) | |
| ABSTRACT: | Aura Energy Limited (AEE; ASX, AURA; AIM) is pleased to advise that the Tiris Uranium Definitive Feasibility Study (DFS) has been completed and has confirmed the Tiris Uranium Project as a low capital cost and low operating cost development opportunity. “The completion of the Tiris Uranium Project Definitive Feasibility Study has concluded that the project possesses both a very low capital development cost and a very low operating cost, and validates Aura’s long held view that the Tiris Project is one of the most compelling uranium development projects in the world at the current time”, Mr Peter Reeve, Aura’s Executive Chairman, said. “In the current uranium market environment, a key attribute of any uranium development project is the capital cost of development. Aura has strived through the entire DFS to maintain this cost at the lowest level possible whilst retaining a robust development design. With the $US62.9 million capital defined, where 85% of the capital estimate from supplier quotes, Aura now stands among its peers as having one of the lowest, if not the lowest, all in life of mine capital of any of the currently proposed uranium development projects”. “A number of very good in-situ leach projects state low upfront capital, however, the ‘repeat development capital’ required in many of these projects in their early years needs to be considered as development capital. Aura in many instances competes very well with these projects”, Mr Reeve continued. | |
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