AUEEF - Aura Energy releases positive FEED study at Tiris
(NewsDirect)
Newly appointed AuraEnergy Ltd (ASX:AEE) CEO Andrew Grove joins Jonathan Jackson in theProactive studio to discuss the company’s uranium ambitions and itswork at the Tiris Uranium Project in Mauritania, which is poised tobecome a leading global near-term uranium operation following thedelivery of a positive Front End Engineering Design (FEED) study.Grove gives his insight into the FEED study and what the findingsindicate about the project's potential. He also outlines theexpansion plans for Tiris, highlighting the strategic direction andgrowth objectives. Further to this, Grove speaks about the SwedishGovernment’s potential reversal of its uranium mining ban and whatthis would mean for the company’s Haagan Project in Sweden,including a possible increase in Net Present Value and strategicpositioning.
Grovesaid: "The FEED study clearly demonstrates that Tiris will be alow-cost, high value, near-term uranium producer with the ability toscale in a very strong uranium market. The market is in structuraldeficit and likely to continue that way for an extended period.
"The strongeconomics at Tiris are supported by the simple, low risk mining andbeneficiation that delivers the high-grade, 1,750ppm to 2,000ppm U3O8,ore to the leach plant and there are no requirements for crushing orgrinding the ore.
"These highgrades are only matched by the deep underground mines in Canada andexceeding any current or proposed open pit uranium minesworldwide.”
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JonathanJackson
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