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Aura Energy Limited (AURA)

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Thursday 23 May, 2019

Aura Energy Limited

First Yellow Cake produced during testwork phase

RNS Number : 9617Z
Aura Energy Limited
23 May 2019
 

TO VIEW THE FULL PDF VERSION OF THIS ANNOUNCEMENT CLICK HERE

 

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

[email protected]

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

 


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