Aurora Energy Metals (ASX:1AE) has almost completed a Scoping Study at its Aurora Uranium Project (AUP) in Oregon in the US with mining and infrastructure studies finalised.
Non-Executive Chairman Peter Lester tells Mining.com.au the company is also at the closing stages of the metallurgical testwork program expected to conclude early next quarter.
The Scoping Study indicates a potential 11-year life of mine (LoM), targeting 2Mtpa Run of Mine (RoM) production rate, with a low LoM strip ratio of 2.1:1. A mining engineer with over 40 years’ industry experience, Lester says the Scoping Study results to date have shown a viable pathway to development and sound economic potential in the current uranium market.
The study shows a simple mine plan and practical options for transporting material to our proposed process facility on private land in Nevada. The plant’s location on a previous mine access road is an ideal site with access to power and other infrastructure, saving considerable capital costs. The mining study is based on the Aurora Mineral Resource Estimate, which comprises 107.3Mt @ 214ppm U3O8 for 50.6Mlbs U3O8.
