Aura grows confidence in Tiris resource
PERTH (miningweekly.com) – Dual-listed junior Aura Energy has reported a 52% increase in the measured and indicated resource at its Tiris uranium project, in Mauritania.
The measured and indicated resource now stands at 62.1-million tonnes at 216 parts per million (ppm) uranium oxide, for 29.6-million pounds of uranium oxide.
The project’s global mineral resource estimate currently stands at 113-million tonnes, grading 236 ppm uranium oxide for 58.9-million pounds of uranium oxide.
“The significant increase of our measured and indicated resources confirms our confidence that the Tiris province has great expansion potential. Our immediate focus is now to work with our Mauritanian stakeholders, offtake providers, investors and financing partners to progress towards a decision to mine in the third quarter of 2023, a target construction timeline of the fourth quarter of 2023, and first production expected in late 2024 or early 2025,” said Aura Energy MD Dave Woodall.
“Our exploration success is creating a strong platform for growth for Aura’s shareholders and our Mauritanian partners, and an exciting new zero-carbon energy source for an increasingly energy-hungry world.”
Aura recently inked a mining convention with the government of Mauritania, covering an initial 30-year period and providing stability for the project by defining the legal and economic conditions that would allow mining at the site.
The mining convention includes a tax rate of 25%, a royalty rate of 3.5% free-on-board value, value added tax exemption for the import of movable goods, materials, equipment, vehicles and other inputs, the right to import and transport mineral substances required for mining, a defined State participation of up to 20%, and an accelerated depreciation in the first three years following the start of commercial production.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
