Last checked at 23 May 2019 07:00
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AURA ENERGY LIMITED
("Aura" or the "Company")
TIRIS URANIUM PROJECT DEFINITVE FEASIBILITY STUDY CONTINUES TO ACHIEVE MILESTONE TARGETS
FIRST YELLOW CAKE PRODUCED DURING TESTWORK PHASE
PRODUCT WITHIN SALEABLE IMPURITY LIMITS
Aura Energy Limited (AIM:AURA / ASX:AEE) is pleased to announce that as part of the Tiris Uranium Project Definite Feasibility Study (the "Tiris DFS") it has produced its first samples of yellowcake product.
Importantly, the yellowcake produced is regarded as 'saleable' with impurity levels in the product within the acceptable levels relative to the ASTM standards.
The UO4 yellowcake was produced during the Aura test work phase being conducted in the Australian Nuclear Science & Technology Organisation (ANSTO Minerals) laboratories.
The precipitation test work will continue with further optimisation of the product planned in the next stage of work at ANSTO Minerals.
Peter Reeve, Aura Energy's Executive Chairman said "The production of yellowcake is a true milestone for Aura Energy's push to achieve producer status. To achieve yellowcake production from our site in the Sahara Desert has required commitment and stamina from our dedicated technical team. This yellowcake production is a key part of the Tiris DFS and will assist in marketing studies and progression of our financing discussions."
Figure 1: UO4 Yellowcake product from the Tiris samples
Figure 2: UO4 Yellowcake precipitation test
For more information please visit www.auraenergy.com.au or contact the following:
Aura Energy Limited Peter Reeve (Executive Chairman) | Telephone: +61 (3) 9516 6500 info@auraenergy.com.au |
WH Ireland Limited (Nominated Adviser & Joint Broker) Adrian Hadden James Sinclair-Ford
| Telephone: +44 (0) 207 220 1666
|
Yellow Jersey PR Limited Felicity Winkles Joe Burgess | Telephone: +44 (0) 7769 325 254 |