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Air core drilling at Tiris uranium project completed

Air core drilling works at the Tiris uranium project, in Mauritania are done. Aura Energy confirmed the report and announced further plans of upgrading the mineral resource.

Tiris uranium project is part of the company’s goal of achieving first uranium production by 2025.It is being developed at an estimated capital cost of £51.9m ($62.9m). A scoping study of the project was completed in July 2014, followed by a definitive feasibility study (DFS) in July 2019. The environmental and social impact assessment (ESIA) for the project was approved by the Mauritanian Government in October 2017, followed by the grant of exploitation license in December 2018.

Infill drilling

A 10 000 m infill drilling was designed to upgrade the firm’s inferred resources to measured or indicated status, and to identify further exploration targets within the tenure. Samples from the drilling program have been handed over to ALS Ireland and ANSTO Minerals, Australia, awaiting update on its resource estimate. The uranium project is sited 680km from the nearby town of Zouerat and 1,440km from the Mauritanian Capital, Nouakchott.

The project which the Aura describes as a major greenfield mine is projected to produce 12.4 million pounds (Mlbs) of uranium a year for an initial 15 years of mine life.

“Importantly, it also demonstrates clear progress on the path set in the first quarter of this year to rapidly develop Tiris and grow its value for all our stakeholders, including the government and community. Through the fourth quarter of this year, we expect to finalise key negotiations with the Mauritanian government, which remains very supportive of Tiris,” said Aura COO Dr Will Goodall.

 

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