Aura Energy Limited (AU:AEE) has released an update.
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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