Aurora Energy Metals Limited (AU:1AE) has released an update.
Aurora Energy Metals Limited has released a Scoping Study for its Aurora Uranium Project, revealing plans for an 11-year mine life with a target production rate of 2 million tonnes per annum and an annual output of 1.15 million pounds of uranium. The study suggests a cost-competitive venture with significant uranium reserves, largely in the Measured and Indicated categories, and a cash-positive position with no debt. Further metallurgical programs aim to enhance recovery rates beyond the initial 69% achieved in leach tests.
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