- Aurora Energy Metals (1AE) kicks off the metallurgical component of its scoping study for the company’s namesake project in Oregon, USA
- The company is testing how much uranium it can produce from its US ore sample versus how much waste is left over
- Aurora is a dual explorer for both uranium and lithium with a unique geological deposit on-site its US acreage where lithium overlies a uranium deposit
- Historical testwork results have demonstrated that well-understood downstream processes can significantly upgrade uranium grades and boost efficiency
- 1AE shares last traded at 6.8 cents
Aurora Energy Metals (1AE) has initiated the metallurgical phase of its scoping study for its namesake project in Oregon, USA.
Recent drill samples collected from the company’s Oregon site, which contain uranium mineralisation, have been sent to ALS Laboratories in Perth for metallurgical testing.
The primary aim of these tests is to evaluate how the US-sourced ore responds to beneficiation and leach processes.
The company has engaged ALS to assess uranium production from the ore sample and the resulting waste generated.
Aurora believes that historical test work conducted on samples from the same project area suggests the potential for lower capital and operational expenses associated with the project. These findings will be confirmed or challenged upon completion of the test work.
The Aurora project is situated over a unique geological formation where lithium mineralisation is found overlying deeper uranium mineralisation, providing exposure to two key decarbonisation commodities.
The scoping study will be the first formal document outlining the project’s bankability and will serve as a basis for future pre-feasibility and definitive feasibility studies.
Aurora is confident it can replicate historical results showing that its uranium ore can be efficiently upgraded by separating it into different-size fractions.
This could allow for the disposal of a significant portion of waste ore without losing substantial uranium content, potentially improving the downstream circuit’s efficiency and overall economics.
Results from the metallurgical testing are anticipated in December.
“The completion of the scoping study itself is at the top of our list of priorities so that we can demonstrate the true potential of this large, well-defined uranium deposit,” 1AE Managing Director Greg Cochran said.
“We also recognise the importance of permitting to further de-risk the Aurora Project and we are working closely with our environmental consultants to finalise the scope of the Exploration Plan of Operations.”
Mr Cochran, formerly the head of Australian uranium miner Deep Yellow (DYL), is leading the company’s efforts.
1AE shares last traded at 6.8 cents.