Aura Energy Limited (ASX:AEE, AIM:AURA) is pleased to announce the successful production of yellowcake product from beneficiation pilot plant concentrate samples from the Tiris Uranium Project in Mauritania. The samples used in this program were announced on 23 June 2022. The production of yellowcake in the form of uranium oxide concentrate (UOC) from the samples is a key milestone as the Company moves towards near-term Phase 1 uranium production.
KEY POINTS:
- Australian Nuclear Science and Technology Organisation (ANSTO) Minerals confirms that yellowcake product from the Tiris uranium project in Mauritania meets ASTM International specifications1.
- Key milestone in moving towards the first phase of production at the Tiris project
- Opens door to marketing discussions with leading nuclear utilities and converters
The result successfully completes the uranium recovery test work program at the ANSTO laboratory and indicates that Tiris production could be sold in the international market as a high-standard product without penalties1.
Aura’s Managing Director, Dave Woodall, commented:
“The successful production of yellowcake from material upgraded in the pilot plant is a significant step for Aura Energy. It opens the door to commercial discussions with nuclear utilities, demonstrates the simple processing parameters required for uranium oxide production at Tiris and provides a strong technical basis for moving the project forward. This will allow us to focus on operating efficiencies as we progress to a final investment decision.”
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Figure 1. Location Oasis project
Figure 2. Simplified Regional Geology