Aura Energy has been granted an exploitation licence for its Tiris uranium project. The licence is a precursor to full development of the north-west African project.
The completed definitive feasibility study (DFS) for the Tiris uranium project in Mauritania has confirmed low capital operating costs for the development,
The first samples of uranium oxide product have been produced from ore from Tiris uranium project. The yellowcake samples were produced during test work at the Australian Nuclear Science and Technology Organisation's (ANSTO) laboratories.
Aura has signed a binding offtake agreement with London-based Curzon Uranium Trading Limited for up to 30% of production at its Tiris uranium project
Technical investigations during the DFS have indicated the potential for the recovery of vanadium from the project's process, and the company has conducted preliminary evaluations of the feasibility of vanadium recovery from solution.
The Tiris project value, which is driven by low operating and development capital costs, would benefit further with vanadium recovery which is considered technically achievable, the company said.
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