Aura Energy Limited (AU:AEE) has released an update.
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Aura Energy Limited has announced a significant improvement in the production target and economic projections for its Tiris Uranium Project, with a 44% increase in projected total uranium production and an extension of the mine’s life to 25 years. The updated figures showcase a substantial boost in the project’s net present value (NPV) by 29% to US$499 million and an increase in life of mine post-tax cash flows by 42%, along with a promising internal rate of return (IRR) of 39% and a rapid payback period of just 2.25 years.
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