Aura Energy (ASX:AEE, AIM:AURA) Logo

Quarterly Report for the Period Ending 30 September 2022

Aura Energy Limited (ASX:AEE, AIM:AURA) (“Aura” or “the Company”) a company focused on the fast-tracked development of its Tiris Uranium Project in Mauritania, is pleased to provide an overview of activities for the period ended 30 September 2022 (“Quarter” or “Reporting Period”) to accompany the Appendix 5B.


KEY POINTS:
  • Appointment of David Woodall as Managing Director and Chief Executive Officer (effective 17 October 2022), contributing over 30 years of international mining experience across technical, managerial, consulting, executive and director roles.
  • Acting CEO, Dr Will Goodall accepted the role of Chief Operating Officer, effective 17 October 2022.
  • Resource upgrade drilling program at Tiris Uranium Project in Mauritania proceeded on schedule, with targeted completion in Q4 CY22.
  • Engineering Consultants engaged for Phase 1 of Tiris Uranium Front End Engineering Design (“FEED”) study and work completed by Wallbridge, Gilbert and Aztec (WGA) on leaching, ion exchange and purification plant, with final report from SENET on beneficiation circuit and infrastructure expected Q4 CY22.
  • Key Management Plans for authorisation of uranium production and export for Tiris Uranium Project submitted to National Authority for Radioprotection, Safety and Nuclear Security (“ARSN”) in Mauritania
  • Aura Energy met with local government and community in Zouerat, Tiris Zemmour region to discuss community engagement strategies.
  • Continued discussions with nuclear utilities and traders to secure additional uranium offtake contracts for the Tiris Phase 1 Fast Track Project.
  • Swedish election occurred on 11 September with energy security a primary issue, and Aura acknowledging the results of the Swedish parliamentary election, congratulating the newly elected members, and committing to work positively with a future government on the development pathway for its Häggån project.

High-level Summary

The Quarter represented a period of significant progress as Aura continued to move towards major milestones in the planned development of the 800k lb U3O8 per annum Phase 1 Tiris Uranium Project (“Tiris”, “Fast-track Project”, or the “Project”) and develop potential for the expansion of the Tiris Resource Estimate to support increased production in Phase 2.

The Company was very pleased to announce the appointment of, and welcome, David Woodall as Managing Director and Chief Executive Officer effective 17 October 2022. Mr Woodall is a senior, corporate executive with a mining engineering qualification with over 30 years’ experience across exploration, operations, project development, community alignment and engagement in the mineral resources industry, including rare earths, critical minerals, gold, copper, iron ore and nickel.

Aura’s Acting CEO, Dr Will Goodall accepted the role of Chief Operating Officer, effective 17 October 2022.

Drilling continued for the Tiris Resource Upgrade Program, with the diamond drilling component completed with a total of 430m drilled across 66 holes. Drill core was shipped for cutting and preparation in Nouakchott and samples delivered to ALS Ireland for validation assays.

The air core drilling continued throughout the Quarter, with a total of 9,732m drilled in 1,543 holes to a depth of 7m. At the end of the Quarter 288m air core drilling remained for completion of the program.


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.

AEE:AU
The Conversation (0)
Stallion Uranium (TSXV:STUD)

Stallion Uranium

Keep reading...Show less
Green financial graph with upward arrow indicating positive market growth.

SPUT's US$200 Million Uranium Buying Plan Spurs Market Rally

The U3O8 spot price climbed sharply to kick off the week, hitting US$76.21 per pound.

Its Monday (June 16) rise is a 9.7 percent gain from the previous week's close of US$69.47, and came after news that the Sprott Physical Uranium Trust (TSX:U.U,OTCQX:SRUUF) had penned a US$100 million bought-deal financing.

The financing was upsized to US$200 million the same day "as a result of strong investor demand."

Keep reading...Show less
Business handshake with overlaid city skyline and stock market charts, symbolizing financial growth.

Critical One Sells Uranium Assets to Dark Star, Hones Focus on Antimony-Gold Project

Critical One Energy (CSE:CRTL,OTCQB:MMTLF), formerly Madison Metals, announced on June 12 that it has entered into an agreement with uranium-focused Dark Star Minerals (CSE:BATT) to sell 100 percent of its interests in the Khan West and Cobra North uranium projects in Namibia’s Erongo uranium province.

The acquisition will transfer Critical One’s Namibian uranium assets — specifically the Khan West and Cobra North projects — through staged cash payments and share issuances over a two year period.

The move signals a strategic shift by Critical One toward its Howells Lake antimony-gold project in Ontario, Canada, as it aims to capitalize on growing demand for critical minerals.

Keep reading...Show less

Latest Press Releases

Related News

×