Aura Energy Progressing Toward Uranium Production in Mauritania with Final Permitting Underway, CEO Says

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Aura Energy Progressing Toward Uranium Production in Mauritania with Final Permitting Underway, CEO Says

“This is a new, emerging uranium province globally. We have been focused very much on getting a resource that is large enough to support the development of a project. And we’re there,” said David Woodall, CEO and managing director of Aura Energy.

Australian mineral resource company Aura Energy (ASX:AEE) is ramping up its efforts to get its Tiris uranium project in Mauritania to the production stage, with final permit applications underway, according to David Woodall, the company’s CEO and managing director.

“We’ve been advised that we would expect that (permit around) September or October of this year,” he said. Woodall also disclosed that Aura Energy is currently in talks with end-user utility companies for potential offtake agreements for the uranium that will be produced at the Tiris project.

Aura Energy is developing its near-term, low-cost Tiris uranium project, which contains a significant uranium resource that is readily accessible for extraction and beneficiation.


The company’s most recent enhanced feasibility study demonstrates a mineral resource estimate of 113 million tonnes at 236 parts per million containing 58.9 million pounds of uranium trioxide, as well as a net present value of AU$226 million and a post-tax internal rate of return of 28 percent.

Watch the interview with David Woodall, CEO and managing director of Aura Energy, above.

Disclaimer: This interview is sponsored by Aura Energy (ASX:AEE). This interview provides information which was sourced by the Investing News Network (INN) and approved by Aura Energy in order to help investors learn more about the company. Aura Energy is a client of INN. The company’s campaign fees pay for INN to create and update this interview.

INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.

The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Aura Energy and seek advice from a qualified investment advisor.

This interview may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, receipt of property titles, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The issuer relies upon litigation protection for forward-looking statements. Investing in companies comes with uncertainties as market values can fluctuate.

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