Newly appointed Aura Energy Ltd (ASX:AEE) CEO Andrew Grove joins Jonathan Jackson in the Proactive studio to discuss the company’s uranium ambitions and its work at the Tiris Uranium Project in Mauritania, which is poised to become a leading global near-term uranium operation following the delivery of a positive Front End Engineering Design (FEED) study. Grove gives his insight into the FEED study and what the findings indicate about the project's potential. He also outlines the expansion plans for Tiris, highlighting the strategic direction and growth objectives. Further to this, Grove speaks about the Swedish Government’s potential reversal of its uranium mining ban and what this would mean for the company’s Haagan Project in Sweden, including a possible increase in Net Present Value and strategic positioning.
Grove said: "The FEED study clearly demonstrates that Tiris will be a low-cost, high value, near-term uranium producer with the ability to scale in a very strong uranium market. The market is in structural deficit and likely to continue that way for an extended period.
"The strong economics at Tiris are supported by the simple, low risk mining and beneficiation that delivers the high-grade, 1,750ppm to 2,000ppm U3O8, ore to the leach plant and there are no requirements for crushing or grinding the ore.
"These high grades are only matched by the deep underground mines in Canada and exceeding any current or proposed open pit uranium mines worldwide.”
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
jonathan@proactiveinvestors.com
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Aura Energy Limited is an Australia-based mineral company with uranium and polymetallic projects in Africa and Europe. The Company is engaged in exploration and evaluation of uranium, vanadium and gold and base metals in Mauritania and Sweden. The Company is focused on uranium production commencing at the Tiris Project, a greenfield uranium discovery in Mauritania. It holds 125 square kilometers of virgin Greenstone belt and is located approximately 36 kilometers south of the Kinross 20 Moz Tasiast Mine. Its Haggan deposit is located in Berg municipality in the province of Jamtland in central Sweden. The Haggan Project is a poly-metallic deposit containing economically significant levels of vanadium, sulphate of potash, nickel, zinc, and molybdenum. It holds a 100% direct interest in the deposit. Its subsidiaries include Vanadis Battery Metals AB, Aura Energy Mauritania Pty Ltd, Tiris Ressources SA, Tiris International Mining Company sarl and others.