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 […]

Click here to view original web page at energycapitalpower.com

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.