Aura Energy Limited (Stock Symbols – ASX: AEE, LON: AURA) engages in the exploration and development of mineral properties in Sweden and Africa.
The company owns 100% interest in the Tiris uranium project covering an area of 390 square kilometers located in Mauritania, Africa.
Aura Energy completed a definitive feasibility study in 2019 and now has the project fully permitted for development.
The Tiris uranium project has a total resource of 52 million pounds of uranium. Aura Energy has planned for an initial production of approximately 1 million pounds of uranium per year.
The maximum mining depth is a shallow 5 meters.
The project has a total after tax cash flow of $413 million AUD.
The average annual after tax cash flow is $27.4 million AUD.
The IRR for this project is 78% pre tax and royalties.
The all in sustaining cost (AISC) is $29.81 USD.
Aura Energy also has 100% ownership of the Haggan vanadium project located in Sweden. The project has 15.1 billion pounds of global vanadium resource. The high grade zone for this project includes 430 million pounds of vanadium. The company is targeting 2-3 million tons per year production which is approximately 5% of current global supply.
It also holds interest in the Tasiast South gold property covering an area of 175 square kilometers in Mauritania.
Aura Energy Limited was incorporated in 2005 and is based in Windsor, Australia.
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