90 Seconds With… Will Goodall, Aura Energy (ASX:AEE)
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Got 90 seconds? Then listen to Acting Chief Executive Officer, Will Goodall tell us about their company news.
Aura Energy (ASX:AEE) is an Australian based minerals company that has major uranium and polymetallic projects with large resources in Africa and Europe.
The Company is now focused on uranium production the Tiris Project, a major greenfields uranium discovery in Mauritania, with Aura announcing a Resource Upgrade in August 2021 of 10% or 5.0 million lb U3O8 bringing the total JORC Resource to 56 Mlbs (at a 100 ppm U3O8 lower cut-off grade).
Aura also completed a capital estimate update for the Tiris Definitive Feasibility Study, to reflect current global pricing, with these 2021 figures reconfirming Tiris as one of the lowest capex, lowest operating cost uranium projects.
In October 2021, the Company entered a US$10m Offtake Financing Agreement with Curzon, which includes an additional up to US$10m facility, bringing the maximum available under the agreement to US$20m.
In 2022, Aura will continue to transition from a uranium explorer to uranium producer, to capitalise on the rapidly growing demand for nuclear power as the world continues to shift towards a decarbonised energy system.
We gave Will Goodall, Acting Chief Executive Officer of Aura Energy, 90 seconds to tell us more about their recent news.
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