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Aura Energy Ltd.
Summary
| Project: | Tiris | |
|---|---|---|
| Deposit: | Tiris | |
| Location: | Mauritania | |
| Commodities: | Uranium | |
| Date: | 4/30/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 30-4-2018: Aura Energy Ltd. announces a Resource Estimation report for its Tiris deposit at the Tiris project. Upgraded mineral resource estimate at project. Aura Energy Limited (AEE:ASX, AURA: AIM) is pleased to announce the successful completion of the | |
| Resources: | (Resource, Total): 58.3Mt @ 230ppm U3O8 for 29.0Mlbs U3O8 contained at Tiris | |
| CP/QP: | [Resources]: Arnold van der Heyden (H&S Consulting Pty Ltd.) | |
| ABSTRACT: | Aura Energy Limited (AEE:ASX, AURA: AIM) is pleased to announce the successful completion of the Tiris Uranium Project Resource upgrade. The results exceeded expectations with an increase in the overall resource to 52 million lbs U3O8, 17 million pounds in the Measured and Indicated Categories, good resource continuity and a contribution from the new Hippolyte South exploration area. “This Resource upgrade has exceeded our expectations in many ways”, Aura’s Executive Chairman, Mr Peter Reeve said. “Our objective was to upgrade approximately 7 million lbs of contained U3O8 to the Measured and Indicated categories, so the achievement of 17 million lbs has exceeded this by a wide margin providing potential for more than 17 years mine life.” “The resource contribution from our new exploration area Hippolyte South was very encouraging as was our resource experts highlighting the orebody continuity, an important aspect for our future development plans. Pleasingly, this upgrade study only covered part of the original resource so further increases in the Measured and Indicated categories are possible in the future.” | |
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