Aura Energy receives exploration licence for flagship uranium project
Australian minerals company Aura Energy has been granted an exploration licence for its flagship Tiris uranium project in Mauritania.
Aura told investors on Tuesday that the grant, which follows an exhaustive process of comprehensive environmental and social assessments, was a key milestone and the "precursor" to the development of its wholly-owned project.
Chairman Peter Reeve, said: "We have referred to the Tiris Uranium Project as currently one of the most compelling uranium development projects in the world and this grant today provides more confidence that Aura will soon be a producer.
"Aura is thankful for the strong support of the Mauritanian Government as they will share in the benefits of the project when Tiris achieves production and cash flow."
Aura now expects to receive the executed Presidential Decree approving its Exploitation Licence before the end of the year.
As of 1445 GMT, Aura shares had picked up 3.33% to 1.08p.