Aura Energy Limited (AU:AEE) has released an update.
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Aura Energy Limited has made significant strides in its Tiris Uranium Project in Mauritania, extending the mine life to 25 years and boosting its economic projections with a 44% increase in U3O8 production target. The project now boasts a post-tax NPV of US$499 million and a 39% IRR, with a swift payback period of 2.25 years. Additionally, the company’s strategic restructuring of its Curzon offtake agreement is set to significantly enhance revenue from uranium production.
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