Aura Energy Limiteds Tiris Uranium Project is fully permitted for development and operations

Aura Energy Limited (ASX: AEE) updated the development activities at the Tiris Uranium Project in Mauritania, West Africa. The company has received the final outstanding material permit from the Mauritanian Government, allowing for the construction and operation of the Tiris Uranium Project. The National Authority for Radiation Protection, Safety, and Nuclear Security has authorized the development, mining, and production of Uranium Oxide Concentrate. This is the last material license required for construction, mining, and uranium production at Tiris.

It represents a significant step towards achieving a Final Investment Decision by Q1 2025. Approvals for the export of uranium will be granted as part of a routine export monitoring program and by international safeguards for monitoring the movement of radioactive materials. There are no limits on the volumes of future uranium production, providing significant flexibility for the operation, including the potential for future expansion of production rate beyond 2 million pounds per annum of U3O8. Production rates are currently being investigated in light of the 55% increase in Mineral Resources to 91.3 million pounds of U3O8 announced last month. The company has also contracted a major international company specializing in transporting radioactive materials for the future seaborne transportation of UOC produced from Tiris to international converters.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com