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Aura Energy Ltd.

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Summary

Project:

Tiris

Deposit:Tiris
Location:Mauritania
Commodities:Uranium
Date:10/5/2017
Report Code:(Enviro)
Report Type:EIA/ESIA
Project Stage:Pursuing Feasibility Study
Report details:5-10-2017: Aura Energy Ltd. announces an EIA/ESIA report for its Tiris deposit at the Tiris project. Environmental and Social Impact Assessment approved. Aura Energy Limited (AEE; ASX, AURA; AIM) is pleased to advise that the Environmental and Social Imp
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 the Environmental and Social Impact Assessment (ESIA) for the Tiris Uranium Project in Mauritania has been approved by the Mauritanian Government. The approval of this key element of the Tiris Project approvals process follows the submission of the Mining Lease application for the project in May this year and the subsequent comprehensive process of Ministerial and Public consultations regarding the impact of the development of Tiris Project. This approval has been finalised in line with the target schedule for the project. Commenting on the approval of the ESIA, Peter Reeve, Aura Energy's Executive Chairman said “For a uranium project, one of the most important steps in its path to development is the environmental approval step. Achieving this milestone for Aura’s Tiris Uranium Project on schedule and with the strong support of the Mauritanian Government is another solid step forward for Aura to production and cashflow. This step is pivotal as the main project precursor to pursuing production offtake and project financing arrangements.”

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