Aura Energy Marks Sixfold Increase in Mauritanian Tiris Mine’s Uranium Grade

Aura Energy Marks Sixfold Increase in Mauritanian Tiris Mine’s Uranium Grade

Australia-based mining company Aura Energy announced that uranium grades at its figurehead Tiris mine in Mauritania are approximately 550% higher than previously expected.

Bulk leaching tests at the mine in which the firm holds an 85% stake have also indicated a low capital expenditure, low operating expenditure extraction rate potential of over 95% of known reserves.

Following the announcement, Aura Energy’s London share prices rose 5.1%.

With this resurgence in investor confidence and interest, the project is now being fast-tracked, a final investment decision expected in the first quarter of 2023.Aura’s largest drilling work to date, the Tiris greenfield uranium development has been awash with news this year as small project successes piled for this promising reserve. In February, Aura announced vanadium reserves discovered also present at the site, initial estimates placing them at 18.5 million pounds vanadium oxide and thus, positioning Mauritania as a potential competitor with prior leader South Africa […]

About the author: StockMan
Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.
Posting Guidelines
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!


No comments yet