Updated Production Target Improves Economics at Tiris Uranium Project

Aura Energy Aura Energy Limited (ASX: AEE, AIM: AURA) (“Aura” or “the Company”) is pleased to present the updated production target improves economics at Tiris Uranium Project.

KEY POINTS: The February 2024 Front End Engineering Design (“FEED”) 1 study production target and economics has been updated using the recently expanded 91.3Mlbs U 3 O 8 Mineral Resource 2 at the Tiris Uranium Project in Mauritania

Production Target Update increased the total Project U 3 O 8 life of mine production by 44% to 43.5Mlbs U 3 O 8 and extended the mine life from 17 years to 25 years

Project economics have also significantly improved: NPV8% of US$499 million (A$734 million) an increase of 29% IRR of 39% post tax and payback only 2.25 years Life of Mine post tax cash flows of US$1,509 million an increase of 42% Aura’s Managing Director and CEO, Andrew Grove commented: […]

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