Aura Energy has released a bankable feasibility study for its Tiris uranium project in Mauritania, valuing the project at $500 million with a 28% post-tax IRR. While proven and probable reserves grew 11% to 37.3 million lb U3O8, the project faces challenges including a 52% increase in construction costs and the need to secure $400 million in development funding.
Aura Energy Limited announced the results of a Bankable Feasibility Study for its Tiris Uranium Project, confirming robust economics with a post-tax NPV8 of US$500.3 million, an IRR of 28%, and a 3.2-year payback period. The study outlines a low-cost, free-dig mining operation with a C1 cash cost of US$32.53/lb and AISC of US$41.25/lb, targeting first production by the end of 2028. The project benefits from a significant Ore Reserve of 37.3 Mlb U3O8 and a simple processing flowsheet validated by pilot plant testwork, with principal approvals already secured in Mauritania.
Clean TeQ Water's ATA® and MBIX technologies have been adopted in Aura Energy's Bankable Feasibility Study for the Tiris Uranium Project in Mauritania. The company has been contracted to deliver its scope for an upcoming pilot plant program in late 2026.
Aura Energy has released a Bankable Feasibility Study (BFS) for its Tiris uranium project in Mauritania, outlining a low-cost, 26-year operation. The study reports an updated Ore Reserve of 37.3Mlb U3O8 and targets first production by end-2028, with a final investment decision expected in December 2026.
Aura Energy Limited has announced highly positive results from its Bankable Feasibility Study for the Tiris Uranium Project in Mauritania, confirming it as a low-cost, near-term uranium producer with robust financial returns. The study reports a post-tax NPV of US$500.3 million and an IRR of 28%, underpinned by an 11% increase in Ore Reserves to 37.3 Mlb U3O8. The project benefits from simple, free-dig mining, high overall recovery, and advanced processing technologies, with a Final Investment Decision targeted for December 2026.
Zeus Resources has defined a 1.7 km long bedrock conductor at the Diaguili Copper–Gold Project through the reprocessing of historical VTEM data. This untested conductor is located at depth and offset from known high-grade historical intersections, providing a priority target for a maiden diamond drilling programme planned for Q4 2026.
Zeus Resources has completed due diligence for the acquisition of the Diaguili Copper–Gold Project in Mauritania following environmental permit validation. The company is now proceeding to first completion of the acquisition, noting that technical reviews support historical high-grade intercepts reported in 2014.
Aura Energy's Tiris project in Mauritania holds a 91.3Mlb U3O8 resource and is advancing toward a bankable feasibility study. The project boasts strong economics with a projected 39% IRR and is positioned to capitalize on rising global uranium demand.
