Proactive Investors - Run By Investors For Investors

Aura Energy upgrades uranium resource in Mauritania

17 million pounds in the measured and indicated categories with good resource continuity.
uranium on the elementary table
Beneficiation upgrades of between 330 to 700%

Aura Energy Limited (ASX:AEE) has successfully completed a resource upgrade for the Tiris Uranium Project in Mauritania.

The results exceeded expectations with an increase in the overall resource to 52 million pounds of triuranium octoxide (U3O8), a compound of uranium.

It is worth noting that 17 million pounds of U3O8 are in the measured and indicated categories with good resource continuity and a contribution from the new Hippolyte South exploration area.

WATCH: Aura Energy sees above expectation resource upgrade at Tiris project

Aura’s Executive Chairman Peter Reeve said: “This resource upgrade has exceeded our expectations in many ways.

“Our objective was to upgrade approximately 7 million pounds of contained U3O8 to the measured and indicated categories, so the achievement of 17 million pounds has exceeded this by a wide margin providing potential for more than 17 years mine life.

“The resource contribution from our new exploration area Hippolyte South was very encouraging as was our resource experts highlighting the orebody continuity, an important aspect for our future development plans.”

Beneficiation upgrades of between 330 to 700%

One of the key technical aspects to the Tiris Uranium Project is the ability to beneficiate the ore to a higher grade before processing in the leach circuit.

Given the uranium mineral is very fine grained carnotite, simple washing and screening has resulted in beneficiation upgrades of between 330 to 700%.

View full AEE profile View Profile

Aura Energy Ltd Timeline

Related Articles

gold bars
December 20 2018
Arc Minerals has significant upside at Kalaba in Zambia
Gold nugget
November 21 2018
Such is the size of the two nuggets, they are now touring the world’s museums as curios
Vanadium periodic table on yellow cube
November 14 2018
Shares of the miner have more than doubled since April, not on recent results but on future prospects in uranium and vanadium

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use