The Conversation (0)
September 26, 2022
Uranium and lithium-focused advanced explorer, Aurora Energy Metals Limited (Aurora or the Company) (ASX:1AE) is pleased to provide a detailed update of project activities relating to the Company’s 100%- owned Aurora Energy Metals Project. These activities have been taking place in Oregon and in Nevada.
Highlights
- Transformational property purchase in Nevada, ideal location for plant infrastructure
- Additional claims staked in Nevada and in Oregon
- • Ranch house purchased in Nevada to serve as Project Operations Office
- • Phase 1 DOGAMI Drill Permit Assessment nearing completion
- • Phase 2 BLM Drilling Program Notice Submitted and under Assessment
- Final lithium assays received, results consistent with previous results
- Mineral Resource conversion of uranium deposit close to completion
Transformational Property Purchase for Plant Facilities
Key Points
- 410-acre Private Property purchased in Nevada, on the border with Oregon
- The site is considered an ideal location for plant and tailings facilities
- Easy access to the Aurora uranium deposit, approximately 12km by road
- Serviced by excellent infrastructure, sealed road and HV transmission line
- Offers tangible environmental, permitting and operational advantages
Background Prior to Aurora management’s first site visit after listing in May this year, a desktop assessment was made on alternative locations for the Aurora Energy Metals Project’s (AEMP or the Project) plant and tailings facilities. Previously, when it was envisaged that only uranium would be mined, it was intended to locate all infrastructure proximal to the deposit, as seen in Figure 1 overleaf. Now with the opportunity to produce uranium and lithium (subject to future lithium exploration success) from the Project, a different approach was required to ensure no sterilisation of potential future mineral resources occurs.
After consulting with environmental and other technical consultants, inspections were made of various options during the site visit in June and once choices were narrowed down, an investigation into land ownership was launched. This resulted in the identification of an ideal, flat-lying property running along the Oregon-Nevada border, located in Nevada, just 7km from the town of McDermitt and approximately 12km by road from the Aurora Uranium Deposit (Figure 2).
It is only 8km direct from the uranium deposit, presenting the opportunity to develop an in-pit crushing mining operation connected to a plant via a pipeline or conveyor belt, thus removing the need for trucking. The sealed, Cordero Mine Road passes through the property as does a HV transmission line, supplied from the nearby substation less than 500m away from the edge of the property
Click here for the full ASX Release
This article includes content from Aurora Energy Metals, 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.
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