{"id":2455,"date":"2023-11-29T04:00:16","date_gmt":"2023-11-29T04:00:16","guid":{"rendered":"https:\/\/economicherald.net\/?p=2455"},"modified":"2023-11-29T04:00:16","modified_gmt":"2023-11-29T04:00:16","slug":"aura-energy-wants-to-build-a-world-class-uranium-province-in-africa","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=2455","title":{"rendered":"Aura Energy wants to build a world-class uranium province in Africa"},"content":{"rendered":"

Aura Energy has applied for 13,000km of tenure around its Tiris uranium project in Africa
\nThe company says Mauritania could be for uranium what the Pilbara is for iron ore
\nIf approved, exploration is planned for 2024 and 2025<\/p>\n

\u00a0<\/p>\n

Special Report:<\/em> Aura Energy plans to significantly expand its Tiris project in Mauritania, Africa with a province-scale 13,000km tenure application.<\/strong><\/p>\n

The company says Mauritania\u2019s Minister of Mines is supporting President Mohamed Ould Cheikh El Ghazouani\u2019s goal of developing a strong resources industry.<\/p>\n

This goal has seen the reopening of the Mining Cadastre and the Ministry has begun accepting applications for exploration tenure, including Aura Energy\u2019s (ASX:AEE)<\/strong><\/a> application.<\/p>\n

The new exploration license applications target areas with strong synergies with the Tiris West resource of 11.2Mlbs (16.4Mt at 305ppm U3O8).<\/p>\n

\u00a0<\/p>\n

Potentially a world-class uranium province<\/strong><\/h2>\n

The company\u2019s goal is to confirm its radiometric analysis that the Tiris region is a world-class uranium province.<\/p>\n

\u00a0<\/strong>\u201cOur geologists are confident that the Tiris Zemmour region of Mauritania is a world-class uranium region, similar in importance to the uranium market as the Pilbara region in Western Australia is for iron ore,\u201d AEE chairman Phil Mitchell said.<\/p>\n

\u201cWe believe Aura\u2019s uranium-enriched carnotite zone extends across the north-eastern Mauritania area of Tiris Zemmour, and our exploration success to date provides validation for pursuing further strong growth platform for Aura\u2019s shareholders and our Mauritanian partners.<\/p>\n

\u201cWith the potential for our current Tiris West resource to be materially expanded, the company strategy is to:<\/p>\n

Progress development of the already defined resource in Tiris East as a new uranium producer; and
\nUndertake a significant resource expansion exploration study on the new tenure.\u201d<\/p>\n

\u00a0<\/strong><\/p>\n

Replicating exploration success across a bigger footprint<\/strong><\/h2>\n

The new tenure application areas were selected following a detailed 12-month evaluation program based on historical drilling and radiometric data and analogues from the company\u2019s successful uranium discoveries, which underpin the Tiris uranium project.<\/p>\n

This analysis led to the recent exploration target announced for the existing Tiris East resource areas, for which drilling is planned to commence before the end of 2023.<\/p>\n

The company is confident that the proven model for successful exploration can be extended across the wider Tiris Zemmour region by extending the exploration footprint.<\/p>\n

\u201cCombined with our recently announced exploration target, these tenement applications \u2013 if successful \u2013 will give us an opportunity to be a driving force to realise the full potential of this region, which we believe could be truly world-class in scale,\u201d AEE MD and CEO David Woodall said.<\/p>\n

Pic: Exploration tenement applications. Source: AEE.<\/p>\n

\u00a0<\/p>\n

Building a global-scale project<\/strong><\/h2>\n

Subject to the successful granting of these applications, Aura will work to progressively confirm and test exploration targets within these tenements through 2024 and 2025.<\/p>\n

The Tiris project\u2019s Front-End Engineering Design (FEED) study is also approaching completion, with Tiris East exploration and preconstruction activities to commence shortly.<\/p>\n

\u201cAura Energy has already established a commanding position with its mineral and reserves and resources at Tiris West, which has put us in a position to consider a final investment development decision in the coming months,\u201d Woodall said.<\/p>\n

\u201cOur development strategy for Tiris is complemented by our exploration strategy, which aims to grow our resources and allow scaled-up production over time in a capital-efficient manner.<\/p>\n

\u201cWe look forward to working with our stakeholders to progress our applications, ultimately growing the Tiris Project into a global-scale project that contributes to Mauritania\u2019s economic and social development.\u201d<\/p>\n

\u00a0<\/p>\n\n

\ufeff<\/span>\u00a0<\/p>\n

This article was developed in collaboration with Aura Energy, a Stockhead advertiser at the time of publishing.<\/em><\/p>\n

\u00a0<\/p>\n

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n

<\/span><\/p>\n

The post Aura Energy wants to build a world-class uranium province in Africa<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

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