• Aura Energy Limited received the final permit from the Mauritanian government to construct and operate the Tiris uranium project.
• An inter-ministerial committee has been established to facilitate the project’s development, aiming for a Final Investment Decision by 2025.
• Aura Energy is optimizing the project, focusing on development activities, including ESG framework, and has contracted a major company for the transportation of uranium oxide concentrate.

Australia-based mineral company Aura Energy Limited announced it has received from the Mauritanian government the last outstanding material permit to allow the construction and operation of the Tiris uranium project in the West African country. 

On July 12th, the ARSN authorized the development, mining, and production of uranium oxide concentrate. In order for Aura to receive a Final Investment Decision by 2025, Aura Energy said that receiving the permit “is a very significant step” in doing so. 

An inter-ministerial committee has been formed to facilitate the development of Tiris and the uranium mining industry in Mauritania. The committee will be headed by ARSN and is to be a central point of contact for all ministries to facilitate and support the rapid development of the future Tiris Uranium Mine.

The authorisation to develop, mine, and produce UOC follows the commencement of funding activities and multiple project development activities announced earlier this month including:

• Appointment of the owners team to develop the Project.
• Mine plan optimisation and Project expansion studies.
• Lycopodium undertaking Project optimisation and cost review.
• Water resource development.
• Environment Social Governance (ESG) framework development.

Aura Energy said it has contracted “a major international company specializing in the transportation of radioactive materials” for the future seaborne transportation of uranium oxide concentrate produced from Tiris to international converters. The export of uranium from Tiris will be managed through a routine export monitoring program, adhering to international safeguards for the movement of radioactive materials.

Following a 55% increase in mineral resources to 91.3mlbs of U3O8, announced last month, the company is now exploring the possibility of increasing production rates as well.

“We are very pleased with the very high levels of support and confidence shown by the Mauritian Government towards Aura and the development of a long-term globally significant uranium mining industry in Mauritania, commencing with Tiris,” said Aura Managing Director and CEO, Andrew Grove. “The final approval and formation of the inter-ministerial committee are important steps as we rapidly progress towards FID and developing a uranium mine at Tiris in the near-term.”