Aura Energy reaches key milestone with final permit for Tiris Uranium Project

Aura Energy Ltd (ASX:AEE, AIM:AURA) managing director and CEO Andrew Grove joined Proactive's Stephen Gunnion after the Mauritanian government signing off on the last outstanding permit for the Tiris Uranium project. This crucial approval, issued by the National Authority for Radiation Protection, Safety, and Nuclear Security (ARSN), allows Aura Energy to commence development and production.
Grove highlighted the importance of this step and mentioned the company's readiness to move forward, emphasising its collaboration with the government. However, the final investment decision is set for the first quarter of next year. In the interim, Aura Energy is focused on expanding its team, conducting economic studies, and progressing with funding efforts.
The project requires a US$230 million investment, with Aura Energy already engaging with banks and strategic investors. Notably, the recent 55% increase in the mine resource to 91 million pounds of contained resources offers significant potential for future expansion beyond the initially planned 2 million pounds of uranium per year.
Grove expressed optimism about the project's future, citing ongoing exploration and drilling efforts that could further enhance the resource base.
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