Aura Energy

Aura Plans to Significantly Expand the Tiris Project into a Potentially World Class Uranium Province with a 13,000km Tenure Application

Aura Energy Limited (ASX: AEE, AIM: AURA) (“Aura” or “the Company”) is pleased to announce that the Company has applied for multiple highly prospective exploration tenements adjacent to and surrounding its existing Tiris Uranium Project ("Tiris” or “Tiris Project”) in Mauritania.


  • Aura Energy Ltd has applied for an additional ~13,000 km2 of exploration tenements in the Tiris Uranium Province in Mauritania.
  • The new exploration license applications target areas with strong synergies with the Tiris West resource of 11.2Mlbs (16.4Mt @ 305ppm U3O8)1.
  • The goal is to confirm Aura’s radiometric analysis that the Tiris region is a world-class uranium province.
  • Aura believes the Tiris Uranium Project now has the potential to confirm a world-class scale.
  • The Tiris Project's Front-End Engineering Design (FEED) study is approaching completion, with Tiris East exploration and preconstruction activities to commence shortly.

Aura is delighted that His Excellency Mr. Nany Chrougha, Mauritania’s Minister of Mines, is supporting His Excellency President Mohamed Ould Cheikh El Ghazouani’s goal of ensuring the development of a strong resources industry in Mauritania. This goal has seen the reopening of the Mining Cadastre and the Ministry has begun accepting applications for exploration tenure, including Aura’s application.

Aura has completed the application processes and filed exploration tenure applications covering an extensive 13,000 km2. The new tenure application areas were selected following a detailed 12-month evaluation program based on historical drilling and radiometric data and analogues from the Company’s successful uranium discoveries, which underpin the Tiris Uranium Project. This analysis led to the recent Exploration Target announced for the existing Tiris East Resource areas2, for which drilling is planned to commence before the end of 2023. The Company is confident that the proven model for successful exploration can be extended across the wider Tiris Zemmour region by extending the exploration footprint.

Subject to the successful granting of these applications, Aura will work to progressively confirm and test exploration targets within these tenements through 2024 and 2025.

Figure 1 - Exploration Tenement Applications

Chairman Phil Mitchell commented:

“Our geologists are confident that the Tiris Zemmour region of Mauritania is a world-class uranium region, similar in importance to the uranium market as the Pilbara region in Western Australia is for iron ore. We believe Aura’s uranium-enriched carnotite zone extends across the north-eastern Mauritania area of Tiris Zemmour, and our exploration success to date provides validation for pursuing further strong growth platform for Aura’s shareholders and our Mauritanian partners.

“With the potential for our current Tiris West resource to be materially expanded, the Company strategy is to:

  • progressing development of the already defined resource in Tiris East as a new uranium producer; and
  • undertaking a significant resource expansion exploration study on the new tenure.”

Aura’s Managing Director and CEO David Woodall said,

"Aura Energy has already established a commanding position with its Mineral and Reserves and Resources at Tiris West, which has put us in a position to consider a final investment development decision in the coming months.

“Combined with our recently announced Exploration Target, these tenement applications – if successful – will give us an opportunity to be a driving force to realise the full potential of this region, which we believe could be truly world-class in scale.

“Our development strategy for Tiris is complemented by our exploration strategy, which aims to grow our resources and allow scaled-up production over time in a capital-efficient manner.

“We look forward to working with our stakeholders to progress our applications, ultimately growing the Tiris Project into a global-scale project that contributes to Mauritania's economic and social development.”

Click here for the full ASX Release

This article includes content from Aura Energy, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

The Conversation (0)
lobo tiggre, uranium periodic symbol

Lobo Tiggre: Uranium Back on the Table, When Will Gold Stocks Move?

Speaking to the Investing News Network, Lobo Tiggre, CEO of, shared his thoughts on uranium's recent price pullback, as well as gold's new nominal all-time high.

"I'm putting uranium back on the table again. I'm actually as bullish again now on uranium as I am on gold for this year. I think both are going to do really well," he said at the Prospectors & Developers Association of Canada (PDAC) convention.

Keep reading...Show less

Denison Reports Impressive Financial and Operational Results for 2023 Including Significant Increase in Phoenix ISR Project Economics and a $134 Million Gain on Physical Uranium Holdings

Denison Mines logo (CNW Group/Denison Mines Corp.)

Denison Mines Corp. ('Denison' or the 'Company') (TSX: DML) (NYSE American: DNN) today filed its Audited Consolidated Financial Statements and Management's Discussion & Analysis ('MD&A') for the year ended December 31, 2023 . Both documents are or will be available on the Company's website at , SEDAR+ (at ) and EDGAR (at www.sec.govedgar.shtml ). The highlights provided below are derived from these documents and should be read in conjunction with them. All amounts in this release are in Canadian dollars unless otherwise stated. View PDF version

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Trinex Minerals

Option to Acquire Controlling Interest in Advanced Athabascan Uranium Project

Trinex Minerals Limited (ASX: TX3) (Trinex Minerals or the Company) is pleased to announce that its wholly-owned Canadian subsidiary, Trinex Lithium Ltd (Trinex Canada), has executed a binding Letter of Intent (LOI) with TSX-V listed ALX Resources Corporation (TSX-V: AL) (ALX) in relation to the acquisition by Trinex Canada of up to a 75% interest in the Gibbons Creek Uranium Project in Northern Saskatchewan by way of an option and earn-in arrangement (Gibbons Creek Earn-In).

Keep reading...Show less
Toro Energy

Pilot Plant for Wiluna Uranium Project Development

Pilot Plant to unlock further value at Wiluna by testing potential ore from Lake Maitland, Lake Way and Centipede-Millipede Deposits

Toro Energy Limited (ASX: TOE) (‘the Company’ or ‘Toro’) is pleased to announce that the Company is advancing the design phase of its beneficiation and hydrometallurgical pilot plant in line with plans to begin its operation in the second half of 2024.

Keep reading...Show less

Denison Announces Exclusive Acquisition of MaxPERF Tool Systems, Enhancing Denison's Leadership in ISR Mining in the Athabasca Basin

Denison Mines logo (CNW Group/Denison Mines Corp.)

Denison Mines Corp. ("Denison") (TSX: DML) (NYSE American: DNN) is pleased to announce that it has completed an acquisition of fixed and mobile MaxPERF Tool Systems from Penetrators Canada Inc. ("Penetrators"). Significantly, Penetrators has also agreed to work exclusively with Denison with respect to the use of the MaxPERF Tool Systems for uranium mining applications, and related services, in Saskatchewan for a 10-year period. View PDF Version

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
canadian flag, uranium ore

Top 5 Canadian Uranium Stocks of 2024

The uranium spot price hit a two decade high of US$106 per pound in January.

The energy commodity endured low prices for decades, but its recent rapid rise has come amid ongoing supply concerns and a strong outlook for demand. On the supply side, major producers are facing headwinds in ramping up output, while geopolitical concerns are creating supply chain uncertainty. In terms of demand, governments around the world continue to build out their nuclear power capacity in an effort to move away from fossil fuels.

The Investing News Network has recently spoken with many market watchers who are bullish on uranium, including Rick Rule, John Ciampaglia, Lobo Tiggre, Byron King and Justin Huhn. Tiggre mentioned uranium as a sector for which he has near-term optimism. For his part, Huhn pointed out that small- and mid-cap companies have been outperforming larger-cap companies. Rule highlighted the uranium companies he's looking at in this market environment.

Keep reading...Show less

Latest Press Releases

Related News