Uranium Investing

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

Resource Investing News

“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.

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