The original release includes
pictures from the Tiris Project Community Consultation Days
To view the original complete with images please see the Aura
Energy website:
http://www.auraenergy.com.au/announcements-2017.html
24th
May 2017
AURA ENERGY
LIMITED
(“Aura” or the “Company”)
KEY TIRIS URANIUM
PROJECT MILESTONE ACHIEVED
MINING LEASE
APPLICATION FOR TIRIS SUBMITTED
ENVIRONMENTAL AND
SOCIAL IMPACT ASSESSMENT (ESIA) COMPLETED AS PART OF THIS
PROCESS
STRONG GOVERNMENT
SUPPORT INCLUDING KEY MINISTRIES OF MINING AND ENVIRONMENT
Aura Energy Limited (ASX:AEE, AIM:AURA) is pleased to
advise that following a broad program of evaluation and study over
the past 8 months a key milestone for the development and
construction of the Tiris Project has been achieved with the
submission of the Tiris Uranium Project Mining Lease Application on
the target schedule to the Mauritanian Government.
As part of the application Aura Energy completed an exhaustive
Environmental and Social Impact Assessment (ESIA) covering all
aspect of the project including community consultation in the
regions close to the project location.
Commenting on the Tiris Mining Lease Application,
Peter Reeve, Executive Chairman
said: “This milestone for Aura’s Tiris Uranium Project will
now bring into clear focus that Tiris is now in that next important
group of uranium projects that, subject to financing, will be
developed. Due to its low capital cost, the implementation of Tiris
is very achievable to meet the next expected cycle of rising
uranium prices.”
The Mining Lease Application will now be reviewed by various
departments within the Mauritanian Mines Department and Environment
Department over a period of 6 months.
The application documentation included the final agreed term
sheet for the Tiris Shareholders Agreement, which covers the 10%
Government interest in the Tiris Uranium Project and was
successfully negotiated over the past 3 weeks.
The completion of the Definitive Feasibility Study (DFS) for the
Tiris Uranium Project is targeted for the end of 2017 however as
previously advised, Aura envisages some elements of the Tiris DFS
will still be outstanding at this point with full completion
expected in early in 2018. This is not expected to impact project
implementation and financing, as a number of parallel activities
will be conducted near the end of the Tiris DFS.
The critical areas remaining for the Tiris DFS are;
- The Tiris Project Water Study
- Metallurgical test work
- Tiris Mineral Resource upgrade
- Mining Study
- Detailed Engineering included package cost estimates
- Infrastructure Study
Aura continues to plan for all requirements for the
implementation of the Tiris Uranium Project during 2018 including
construction, potential product offtake and financing review. The
various departments within the Mauritanian Government, including
the Mines and Environment departments remain very supportive of
Aura’s project initiative and are activity assisting in the
projects implementation.
- ENDS -
For further information contact:
Aura Energy
Limited
Peter Reeve (Executive Chairman and CEO) |
Telephone: +61
(3) 9516 6500
Email: info@auraenergy.com.au |
WH
Ireland Limited
Adrian Hadden
James Bavister |
Telephone: +44 (0)
207 220 1666 |
Yellow Jersey PR
Limited
Felicity Winkles
Joe Burgess |
Telephone:
+44 (0) 7748 843 871
+44 (0) 7769 325 254 |