Modern Mining August 2019

for uranium project

development capital’ required in many of these proj- ects in their early years needs to be considered as development capital. Aura in many instances com- petes very well with these projects. “The capital figure is exceptionally important as in tough markets it talks to the ‘do-ability’ of the project and Tiris’ small footprint and low capital cost make this project poised for quick development once financing is achieved,” continues Reeve. “We have

this cost at the lowest level possible whilst retain- ing a robust development design. With the US$62,9 million capital defined, where 85 % of the capital estimate is from supplier quotes, Aura now stands among its peers as having one of the lowest, if not the lowest, all-in life of mine capital of any of the cur- rently proposed uranium development projects. “A number of very good in-situ leach projects state low upfront capital; however, the ‘repeat

The exploration camp at the Tiris project.

The transportable front-end plant comprising beneficiation, screening and slurry pumping.

August 2019  MODERN MINING  25