Aura Energy makes strong progress on Tiris study

Aura Energy advised on Wednesday that the various elements of the Tiris Definitive Feasibility Study were continuing to progress “strongly”, with activity in all the principal areas of the study.

The AIM and ASX-traded firm said importantly, it would shortly complete its submission for the Mining Lease Application for all mineral resources associated with the Tiris Uranium Project, with award of that mining lease considered a “key project milestone”.

“The considerable progress of Aura’s Tiris Uranium Project DFS is largely thanks to a very professional group of technical people and is made easier by natural positive attributes the project carries,” said Aura executive chairman Peter Reeve.

“The studies continue to highlight that Tiris is a very achievable low capital cost, low operating cost project, which, subject to financing, could be coming into production possibly well timed for a rising uranium price.”