https://www.miningweekly.com

Aura Energy submits mining lease application for Mauritania uranium project

24th May 2017

By: Megan van Wyngaardt

Creamer Media Contributing Editor Online

     

Font size: - +

JOHANNESBURG (miningweekly.com) – Dual-listed Aura Energy has submitted a mining lease application to the government of Mauritania for the development of its Tiris uranium project.

Marking it a key milestone, the company said the application followed a broad programme of evaluation and study over the past eight months, which included an environmental- and social-impact assessment (ESIA), covering all aspect of the project, including community consultation in the regions close to the project location.

“This milestone 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,” Aura Energy chairperson Peter Reeve highlighted.

The mining lease application will now be reviewed by various entities within the Mauritanian Mines and Environment departments over a period of six months.

The application documentation includes the final agreed term sheet for the Tiris shareholders agreement, which covers the 10% government interest in the project that was successfully negotiated over the past three weeks.

The completion of a definitive feasibility study (DFS) was targeted for the end of the year; however, Aura envisages some elements of the DFS will still be outstanding at this point, with full completion expected in early 2018.

This is not expected to impact project implementation and financing, as a number of parallel activities will be conducted near the end of the Tiris DFS.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION